Interest Rates Comparison
EastWest Bank Rates (Nook Partner)
- 1-Year Fixed: 5.99%
- 3-Year Fixed: 6.25%
- 5-Year Fixed: 6.49%
- 7-Year Fixed: 7.00%
- Home Equity: 6.25%
BPI Family Savings Bank Rates (Nook Partner)
- 1-Year Fixed: 6.70%
- 5-Year Fixed: 6.50%
- Home Equity: 6.70%
Winner: EastWest Bank - Offers the lowest rate at 5.99% and more term options.
Monthly Payment Comparison
For a 5,000,000 loan over 20 years:
EastWest Bank (5.99%)
Monthly Payment: 35,771
Total Interest: 3,585,040
BPI Family Savings (6.50%)
Monthly Payment: 37,089
Total Interest: 3,901,360
Monthly Savings with EastWest: 1,318
Total Savings: 316,320
Processing Time & Requirements
| Feature | EastWest Bank | BPI Family Savings |
|---|---|---|
| Min Monthly Income | P40,000 | P40,000 |
| Typical Approval | 19 days | 52 days |
| Max DTI | 40% | 40% |
| Employment Types | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
Winner: EastWest Bank - 63% faster approval time while maintaining the same requirements.
Loan Purposes Supported
Both banks through Nook support identical loan purposes:
- Refinancing existing home loans
- Home equity loans
- New construction financing
- Pre-selling and RFO purchases
- Renovation loans
- Foreclosed property acquisition
- Reselling property purchases
This makes your choice primarily based on rates and processing speed rather than loan purpose restrictions.
Why Choose Through Nook
Both EastWest Bank and BPI Family Savings Bank are verified Nook partner banks, which means:
- 100% free broker service - No fees to borrowers
- Pre-negotiated competitive rates
- Streamlined application process
- Expert guidance throughout
- Multiple bank comparison in one application
Nook's platform lets you easily compare these options alongside other partner banks. For additional comparisons, check our BPI vs Metrobank analysis to see how these rates stack up against other major banks.
Not sure which bank suits you?
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Compare My Options →Frequently Asked Questions
Which bank offers better EastWest vs BPI housing loan rates?
EastWest Bank offers significantly better rates, with their 1-year fixed rate at 5.99% compared to BPI Family Savings Bank's 6.70%. EastWest also provides more term options and consistently lower rates across all available terms.
What's the difference in monthly payments between EastWest and BPI?
For a 5,000,000 loan over 20 years, EastWest Bank (5.99%) results in monthly payments of 35,771 while BPI (6.50%) requires 37,089 monthly. This saves you 1,318 per month or 316,320 over the loan term with EastWest.
How fast is loan approval for EastWest vs BPI housing loans?
EastWest Bank processes applications much faster with typical approval in 19 days compared to BPI Family Savings Bank's 52 days. Both banks have the same income requirements of P40,000 monthly minimum, making EastWest the faster option.
Can I apply for both EastWest and BPI through Nook?
Yes, both EastWest Bank and BPI Family Savings Bank are verified Nook partner banks. You can apply to both through Nook's platform completely free, compare their offers side-by-side, and choose the best option for your refinancing needs.
What loan purposes do EastWest and BPI support?
Both banks support identical loan purposes including refinancing, home equity loans, new construction, pre-selling, RFO purchases, renovation, foreclosed properties, and reselling. Your choice should be based on rates and processing speed rather than loan purpose availability.
Are there fees when applying through Nook for these banks?
No, Nook's service is 100% free to borrowers. There are no broker fees, application fees, or charges for comparing EastWest Bank and BPI Family Savings Bank rates. You get expert guidance and pre-negotiated rates at no cost.