EastWest Bank vs BDO Housing Loan: Interest Rate Comparison
Interest rate is usually the single biggest factor in choosing a home loan or refinancing to a new bank. Here is how EastWest Bank and BDO compare on their published fixed rates available through Nook in 2026.
| Fixed Period | EastWest Bank | BDO |
|---|---|---|
| 1-Year Fixed | 5.99% p.a. | 6.00% p.a. |
| 3-Year Fixed | 6.25% p.a. | — |
| 5-Year Fixed | 6.49% p.a. | — |
| 7-Year Fixed | 7.00% p.a. | — |
| Home Equity | 6.25% p.a. | 6.00% p.a. |
Note: Interest rates are subject to change. Always verify current rates with the bank or through Nook before submitting your application.
EastWest Bank wins on the 1-year fixed period by a slim margin of 0.01 percentage point. For longer fixed periods, EastWest Bank is the only option of the two through Nook, giving borrowers more flexibility to lock in a rate for 3, 5, or 7 years. For a deeper side-by-side breakdown, see our EastWest Bank vs BDO Home Loan 2026 side-by-side rate comparison.
How Much Can You Save? Monthly Payment Comparison
To put the rate difference in concrete terms, here are sample monthly amortizations for a 20-year loan term at both banks' 1-year fixed rates.
| Loan Amount | EastWest Bank @ 5.99% | BDO @ 6.00% | Monthly Difference |
|---|---|---|---|
| 2,000,000 | 14,314 | 14,321 | 7 |
| 3,500,000 | 25,050 | 25,062 | 12 |
| 5,000,000 | 35,786 | 35,803 | 17 |
| 7,500,000 | 53,678 | 53,704 | 26 |
| 10,000,000 | 71,571 | 71,606 | 35 |
The monthly difference between 5.99% and 6.00% is small in absolute terms — but over a 20-year loan, even a few hundred pesos per month compounds into a meaningful amount. More importantly, both rates represent significant savings compared to what most Filipino homeowners are currently paying. If you are on a bank's repriced rate of 8% or higher, refinancing to either EastWest Bank or BDO could save you thousands of pesos every month. Read the real story of how Manny refinanced his BDO home loan to EastWest Bank and saved 27,000 pesos monthly.
Eligibility Requirements Compared
Before applying, it helps to know whether you qualify. Here is a direct comparison of the key eligibility criteria for both banks.
| Requirement | EastWest Bank | BDO |
|---|---|---|
| Minimum Monthly Income | 40,000 | 50,000 |
| Maximum Debt-to-Income Ratio | 40% | 40% |
| Employment Types Accepted | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
EastWest Bank has a lower minimum monthly income requirement of 40,000 pesos versus BDO's 50,000 pesos, making it more accessible to a wider range of borrowers. Both banks share the same maximum debt-to-income ratio of 40% and accept the same employment types. If your monthly income falls between 40,000 and 49,999 pesos, EastWest Bank is your only option of the two.
Loan Purposes Supported
Both banks support a wide range of housing loan purposes, but it is worth confirming your specific use case is covered before applying.
| Loan Purpose | EastWest Bank | BDO |
|---|---|---|
| Refinancing | ✓ | ✓ |
| Ready For Occupancy (RFO) | ✓ | ✓ |
| Pre-Selling | ✓ | ✓ |
| New Construction | ✓ | ✓ |
| Renovation | ✓ | ✓ |
| Reselling | ✓ | ✓ |
| Foreclosed Property | ✓ | ✓ |
| Home Equity | ✓ | ✓ |
Both banks support the full range of loan purposes through Nook, including refinancing, home equity, new construction, pre-selling, and RFO purchases. Whether you are buying your first home or refinancing an existing loan to a lower rate, both banks can accommodate you.
Approval Speed Compared
Processing time matters — especially if you have a property booking deadline or want to start saving on your monthly amortization as soon as possible.
| EastWest Bank | BDO | |
|---|---|---|
| Typical Approval Time | 19 days | 30 days |
EastWest Bank processes loans significantly faster, with a typical approval time of 19 days compared to BDO's 30 days. If speed is a priority — for example, if you are refinancing to stop a high repriced rate from continuing — EastWest Bank's faster turnaround is a meaningful advantage. For a comprehensive look at how these two banks stack up across all dimensions, visit our full BDO vs EastWest Bank housing loan 2026 comparison covering rates, fees, and approval.
Applying Through Nook: One Free Application, Two Bank Options
Nook is the Philippines' first digital mortgage broker — and our service is completely free for borrowers. When you apply through Nook, you do not have to choose between EastWest Bank and BDO upfront. Nook assesses your profile and matches you to the bank most likely to approve you at the best rate. Both EastWest Bank and BDO are Nook partner banks, which means:
- You submit one application — Nook handles the bank coordination
- You get access to partner rates including EastWest Bank's 5.99% p.a.
- Nook's mortgage specialists guide you through every step, from document preparation to loan release
- There is no broker fee charged to you at any point
Whether you ultimately end up with EastWest Bank or BDO, applying through Nook gives you the best chance of a smooth, fast approval at the lowest rate available to your profile.
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Compare My Options →Frequently Asked Questions
Which has the lower interest rate — EastWest Bank or BDO?
EastWest Bank has a slightly lower 1-year fixed rate at 5.99% p.a. compared to BDO's 6.00% p.a. Both rates are available through Nook as of 2026. For longer fixed periods of 3, 5, or 7 years, EastWest Bank also has published rates through Nook. Note that interest rates are subject to change — verify current rates through Nook or directly with the bank before applying.
Which bank approves housing loans faster — EastWest Bank or BDO?
EastWest Bank is faster, with a typical approval time of around 19 days. BDO typically takes around 30 days. If you need your loan approved quickly — for example, to lock in a property or stop paying a high repriced rate — EastWest Bank has a meaningful edge.
What is the minimum income required for EastWest Bank vs BDO housing loan?
EastWest Bank requires a minimum monthly income of 40,000 pesos. BDO requires a higher minimum of 50,000 pesos per month. If your monthly income is between 40,000 and 49,999 pesos, EastWest Bank is the more accessible option of the two.
Can I use either bank to refinance my existing home loan?
Yes, both EastWest Bank and BDO support home loan refinancing through Nook. If you are currently paying a repriced rate of 7% or higher, refinancing to EastWest Bank's 5.99% or BDO's 6.00% could reduce your monthly amortization significantly. Nook's service is free for borrowers and handles the entire process on your behalf.
Is Nook's mortgage broker service really free?
Yes, Nook's service is 100% free for borrowers. Nook earns a referral fee from the bank upon successful loan release — you are never charged a broker fee. You get access to partner bank rates, dedicated mortgage specialists, and end-to-end application support at no cost.
How do I know which bank is better for my specific situation?
The best bank depends on your income level, employment type, loan amount, and how quickly you need approval. Rather than applying to each bank separately, you can submit one application through Nook and let Nook's specialists assess your profile and match you to the bank most likely to approve you at the best available rate — for free.
Does EastWest Bank or BDO offer home equity loans?
Both banks offer home equity loans through Nook. EastWest Bank's home equity rate is 6.25% p.a. and BDO's is 6.00% p.a. A home equity loan lets you borrow against the equity you have built up in your property — useful for large expenses like renovation, business capital, or education. Rates are subject to change so confirm current offers through Nook.