BDO vs BPI

Rate Comparison: BDO vs BPI vs RCBC

Interest rates are the single biggest factor in how much your home loan costs over its lifetime. Here's how the three banks compare on their published fixed rates for refinancing and home equity loans. Note that all rates are subject to change — verify current figures directly with each bank or through a licensed broker like Nook.

BDO has the lowest 1-year fixed rate at 6.00% — tied with its own home equity rate. BPI is the only bank of the three offering a 5-year fixed option at 6.50%, which many financial planners recommend for borrowers who want budgeting certainty. RCBC's home equity rate of 8.00% is the highest among the three, so borrowers using their property as collateral for cash-out purposes will pay significantly more through RCBC.

To see how all three banks stack up against even more lenders, read our updated 2026 home loan rates comparison covering BDO, BPI, RCBC, Security Bank and more.

Monthly Payment Estimates: How Much Will You Actually Pay?

Rates only tell part of the story. Let's look at estimated monthly amortization for a 3,000,000-peso home loan on a 20-year term at each bank's 1-year fixed rate. These are illustrative estimates — actual payments depend on your exact loan amount, term, fees, and bank-specific computation methods.

Choosing BDO's 6.00% rate over RCBC's 7.00% on a 3,000,000-peso loan saves you roughly 424,416 pesos in total interest over 20 years — that's a meaningful difference that compounds significantly on larger loan amounts. At 5,000,000 pesos, the same rate differential produces savings of over 700,000 pesos across the loan term.

If you're already paying 8% or higher with your current bank, refinancing through Nook — which is 100% free for borrowers — could cut your monthly payment by thousands of pesos. Nook's best available refinance rate is currently 5.99% p.a.

Eligibility Requirements: Which Bank Is Easiest to Qualify For?

Getting the lowest rate means nothing if you can't qualify. Here's how the three banks compare on core eligibility criteria.

BPI has the most accessible income threshold at 40,000 pesos per month, making it the most attainable option for mid-income borrowers. BDO and RCBC both require 50,000 pesos minimum monthly income. However, RCBC's 30% maximum debt-to-income ratio is significantly stricter than BDO and BPI's 40% cap — meaning that even if you meet RCBC's income floor, a higher existing debt load could disqualify you. BDO stands out with the fastest typical approval timeline of just 30 days, compared to 49 days for RCBC and 52 days for BPI.

Employment Types Accepted: Who Can Apply?

Not all borrowers are salaried private employees. Here's which employment categories each bank accepts for home loans.

BDO and BPI accept the broadest range of employment types, including government employees and BPO workers — two large segments of the Philippine workforce that RCBC does not serve. OFWs and seafarers are accepted by all three banks. If you're an OFW comparing options, see our detailed guide on BPI vs BDO vs RCBC home loans for seafarers for a deeper breakdown of what each bank requires for overseas workers.

Loan Purposes: What Can You Use the Loan For?

All three banks support refinancing, but they differ on other loan purposes that may be relevant if you're buying, building, or unlocking equity.

BDO and BPI offer the most flexible loan purposes, including new construction and renovation — useful if you're building or improving a property. RCBC does not support these two purposes, limiting it to purchase and refinancing transactions. For a broader comparison that includes banks beyond these three, visit our 2026 Philippines home loan bank options guide.

Applying Through Nook: One Application, All Three Banks

Instead of applying to BDO, BPI, and RCBC separately — filling out multiple forms, preparing triplicate document sets, and chasing multiple bank officers — you can submit a single application through Nook and get matched to the best option across all three banks (and more). Nook's service is completely free for borrowers. There are no broker fees, no hidden charges, and no obligation to proceed. A dedicated Nook mortgage advisor will guide you through every step, from document preparation to loan release.

With Nook's best available refinance rate currently at 5.99% p.a., borrowers currently paying 8% or higher have a strong case for refinancing — and the savings can be substantial. Use Nook's free calculator to see exactly how much you could save on your specific loan amount and term.