EastWest Bank vs BPI

EastWest Bank vs BPI vs BDO: At a Glance

All three banks are Nook partner banks, meaning you can apply to any of them through Nook's free digital broker platform. The table below gives you an instant side-by-side snapshot of the key figures you need to compare.

Interest rates are subject to change. Always verify current rates with the bank or through Nook before making a decision.

Interest Rate Comparison in Detail

The interest rate is the single biggest factor in determining your monthly amortization and total loan cost. Here's how the three banks stack up across different fixed-rate periods.

1-Year Fixed Rate

EastWest Bank offers the most competitive 1-year fixed rate at 5.99% p.a. — the lowest available through Nook. BDO is just one basis point behind at 6.00% p.a., making it a near-identical option. BPI's 1-year fixed at 6.70% p.a. is noticeably higher, adding meaningful cost over the initial fixed period.

To illustrate the difference: on a 3,000,000 loan over 20 years, a 5.99% rate produces a monthly amortization of approximately 21,477, while 6.70% produces approximately 22,527. That's a difference of roughly 1,050 per month — or 12,600 per year — just from choosing EastWest over BPI on the 1-year term.

5-Year Fixed Rate

For borrowers who prefer longer rate stability, EastWest Bank and BPI are very close — EastWest at 6.49% p.a. and BPI at 6.50% p.a. BDO does not publish a 5-year fixed option through Nook. If you're prioritizing a 5-year fixed period, either EastWest or BPI would serve you well, but EastWest's marginally lower rate and significantly faster approval still give it the edge.

3-Year and 7-Year Fixed Rates

EastWest Bank is uniquely flexible in this comparison, offering a 3-year fixed at 6.25% p.a. and a 7-year fixed at 7.00% p.a. — options that neither BPI nor BDO provide through Nook. This makes EastWest the most versatile choice if you want to match your fixed period to your specific financial planning horizon. For more detail on how these banks compare on refinancing specifically, see our EastWest Bank Housing Loan Interest Rate vs BDO vs BPI deep dive.

Monthly Amortization Examples

The calculations below use each bank's 1-year fixed rate on a standard 20-year loan term. These are estimates to illustrate the rate differences — your actual amortization will depend on your loan amount, term, and applicable fees.

Loan Amount: 2,000,000

Loan Amount: 5,000,000

Amortization figures are estimates based on fixed rates for illustrative purposes. Actual amounts depend on final approved rate, fees, and loan structure. Interest rates are subject to change.

Approval Speed: A Critical Difference

Processing time matters — especially if you're refinancing to escape a repricing deadline or need funds for a time-sensitive purchase. This is where the three banks diverge most sharply.

• EastWest Bank: ~19 days typical approval. The fastest of the three by a wide margin. If speed is a priority, EastWest is the clear choice.
• BDO Unibank: ~30 days typical approval. A reasonable turnaround for a major bank — roughly half the time of BPI.
• BPI Family Savings Bank: ~52 days typical approval. The slowest of the three. BPI's thoroughness may suit some borrowers, but if your existing loan is about to reprice, a 52-day timeline could cost you money while you wait.

When applying through Nook, your dedicated mortgage specialist helps you prepare a complete application to avoid back-and-forth with the bank — which can materially speed up processing at all three institutions.

Eligibility and Income Requirements

All three banks share the same maximum Debt-to-Income (DTI) ratio of 40%, meaning your total monthly debt obligations — including the new home loan amortization — should not exceed 40% of your gross monthly income.

Where they differ is on minimum income:

• EastWest Bank: Minimum monthly income of 40,000. Accepts private employees, government workers, BPO employees, OFWs and seafarers, self-employed individuals, and professionals.
• BPI Family Savings Bank: Minimum monthly income of 40,000. Accepts the same range of employment types as EastWest.
• BDO Unibank: Minimum monthly income of 50,000 — the highest of the three. This can be a barrier for borrowers with moderate incomes, but BDO's higher threshold may also mean less scrutiny on borderline applications above that level.

If your household income is between 40,000 and 49,999 per month, EastWest and BPI are your only options among these three banks. BDO is not available to you unless your income meets its 50,000 floor.

Loan Purposes Supported

All three banks support a comprehensive range of loan purposes, making them suitable for purchase, refinancing, and equity access scenarios.

For refinancing specifically, all three banks are strong candidates. If you're currently paying 7% or higher on your existing loan, switching to EastWest Bank's 5.99% rate through Nook could save you tens of thousands of pesos annually. See our BDO vs BPI home loan refinance rates comparison if you want to explore those two banks in isolation.

Who Should Choose Each Bank?

Choose EastWest Bank if:

• You want the lowest available 1-year fixed rate (5.99% p.a.)
• You need fast approval — EastWest typically processes in 19 days
• You want flexibility in fixed-rate periods (1, 3, 5, or 7 years)
• Your monthly income is at least 40,000
• You are refinancing and want to maximize monthly savings immediately

Choose BDO Unibank if:

• You want a near-matching rate to EastWest (6.00%) but prefer BDO's brand presence
• You have an existing BDO relationship that may streamline your application
• You meet BDO's slightly higher income floor of 50,000 per month
• A 30-day approval timeline works for your schedule

Choose BPI Family Savings Bank if:

• You want a 5-year fixed rate and BPI's 6.50% is acceptable to you
• You are an existing BPI customer with strong account history
• You are not in a hurry and have a 52-day processing window available
• You specifically prefer the BPI Family Savings Bank product structure

Not sure which fits your profile best? Nook's free mortgage matching service analyzes your income, loan amount, and goals to recommend the right bank — and handles your application at no cost to you.