EastWest Bank vs BPI

EastWest Bank vs BPI vs BDO: At a Glance

Before diving into the details, here's a quick snapshot of how EastWest Bank, BPI Family Savings Bank, and BDO Unibank stack up on the metrics that matter most to Filipino home loan borrowers.

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

Interest Rate Comparison: Where Each Bank Stands

Interest rate is the single biggest factor in how much your home loan costs over its lifetime. Even a 0.50% difference on a 3,000,000 loan over 20 years can mean hundreds of thousands of pesos in extra payments.

EastWest Bank Home Loan Rates

EastWest Bank currently offers the most competitive entry-level rate of the three, at 5.99% p.a. for a 1-year fixed period. This is the lowest rate currently available through Nook and makes EastWest especially attractive for refinancing borrowers who want to slash their monthly payments fast. Their rate ladder is also the most complete among the three banks, with fixed periods available at 1, 3, 5, and 7 years — giving borrowers flexibility to lock in a rate that matches their financial planning horizon.

BDO Unibank Home Loan Rates

BDO Unibank is a close second with a 1-year fixed rate of 6.00% p.a. — just a hair above EastWest. On a 3,000,000 loan, that 0.01% difference is minimal month-to-month, making BDO a strong alternative especially if you value BDO's wide branch network or already bank with them. BDO also offers a home equity rate of 6.00% p.a., matching its standard rate. Note that BDO's published rates are limited to the 1-year fixed period, so borrowers wanting longer fixed terms will need to inquire directly.

BPI Family Savings Bank Home Loan Rates

BPI Family Savings Bank comes in with a higher entry rate of 6.70% p.a. for the 1-year fixed option, and a 5-year fixed rate of 6.50% p.a. While BPI is one of the most trusted names in Philippine banking, its rates in 2026 are less competitive than EastWest and BDO at the 1-year fixed level. However, the 5-year fixed rate of 6.50% p.a. is comparable to EastWest's 6.49% p.a. for the same period, meaning BPI may appeal to those who prefer rate stability over a longer horizon and are already BPI clients. For a deeper look at how BPI and BDO compare head-to-head, see our BDO vs BPI housing loan rates comparison.

How Much Could You Save?

Let's illustrate the difference. Assume a loan amount of 3,000,000 over 20 years:

Estimates are illustrative only, based on a 3,000,000 loan at a fixed rate applied across the full 20-year term for comparison purposes. Actual payments will vary based on repricing, fees, and loan structure.

Eligibility Requirements: Who Can Qualify?

Understanding each bank's eligibility criteria is just as important as comparing rates. Here's how the three banks differ on the key qualification factors.

Minimum Monthly Income

EastWest Bank and BPI Family Savings Bank both require a minimum monthly income of 40,000, making them accessible to a broader range of borrowers — including those in the BPO sector, government employees, and OFWs. BDO sets a higher bar at 50,000 minimum monthly income, which may exclude some borrowers or require a co-borrower to meet the threshold.

Employment Types Accepted

All three banks are broadly inclusive when it comes to employment type, accepting applications from:

• Locally employed (private sector)
• Government employees
• BPO workers
• OFWs and seafarers
• Self-employed individuals and business owners
• Professionals (doctors, lawyers, CPAs, etc.)

This means all three banks are viable options regardless of how you earn your income — a key advantage over some smaller lenders.

Debt-to-Income (DTI) Ratio

All three banks cap their maximum DTI ratio at 40%, which is standard in the Philippine mortgage market. This means your total monthly debt obligations — including the new home loan payment — should not exceed 40% of your gross monthly income.

Loan Purposes: What Can You Use Each Loan For?

All three banks support a wide range of loan purposes, but there are some differences worth noting depending on your specific need.

For refinancing specifically — which is one of the most popular reasons Filipinos compare these banks — all three are well-equipped to handle the transaction. If you're exploring your refinancing options across banks, our guide on BDO vs BPI home loan refinance rates is also worth a read.

Approval Speed: How Fast Can You Get Your Loan?

Time is money, especially when you're refinancing and still paying a higher rate at your current bank while waiting for approval.

• EastWest Bank: Fastest of the three at approximately 19 days. For refinancing borrowers eager to switch and start saving, this is a meaningful advantage.
• BDO Unibank: Moderate processing at approximately 30 days. Reasonable but not the fastest option.
• BPI Family Savings Bank: The slowest of the three at approximately 52 days — nearly three times longer than EastWest. Borrowers who apply with BPI should factor this into their planning, especially if they have rate lock deadlines or are transitioning from another bank.

Keep in mind that approval timelines can vary based on document completeness and individual circumstances. Applying through Nook — which is completely free for borrowers — can help streamline the process since your dedicated mortgage advisor will help ensure your documents are in order before submission.

Applying Through Nook: Get All Three Banks for Free

One of the biggest advantages of using Nook is that you don't have to choose just one bank to apply to. Nook is the Philippines' first digital mortgage broker, and its service is 100% free for borrowers. You can compare live offers from EastWest Bank, BPI, and BDO side by side and let the banks compete for your business.

Here's what you get when you apply through Nook:

• Access to multiple partner banks with one application
• A dedicated mortgage advisor to guide you through the process
• Help preparing and checking your documents before submission
• No broker fees — ever

Whether you're refinancing an existing home loan, taking out a home equity loan, or purchasing a new property, Nook simplifies the entire process and helps you find the best rate available today.