2026 Home Loan Interest Rates: Every Major Philippine Bank Compared
Below is a comprehensive side-by-side comparison of advertised home loan interest rates from all major banks in the Philippines as of 2026. Rates shown are indicative fixed-rate periods; actual rates depend on loan amount, term, LTV ratio, and borrower credit profile. Use this table as a starting point, then use Nook to find your actual best rate.
| Bank | 1-Year Fixed | 3-Year Fixed | 5-Year Fixed | 10-Year Fixed | Notable Feature |
|---|---|---|---|---|---|
| Nook Best Rate | 5.99% | 5.99% | 5.99% | Ask Nook | Lowest available; free service |
| BDO | 6.50% | 7.00% | 7.25% | 7.75% | Widest branch network |
| BPI | 6.50% | 6.88% | 7.25% | 7.75% | Strong digital servicing |
| Metrobank | 6.75% | 7.25% | 7.50% | 8.00% | Flexible payment terms |
| Security Bank | 6.25% | 6.75% | 7.00% | 7.50% | Competitive short-term fixes |
| RCBC | 6.75% | 7.25% | 7.50% | 8.00% | Good for OFW borrowers |
| UnionBank | 7.00% | 7.50% | 7.75% | 8.25% | Fully digital application |
| PNB | 6.75% | 7.25% | 7.50% | 8.00% | Government-backed, stable |
| Chinabank | 7.00% | 7.50% | 7.75% | 8.25% | Strong in Visayas/Mindanao |
| EastWest Bank | 7.25% | 7.75% | 8.00% | 8.50% | Accessible branch network |
| PSBank | 7.25% | 7.75% | 8.00% | N/A | Shorter max loan terms |
| Robinsons Bank | 7.50% | 8.00% | 8.25% | N/A | Linked to Robinsons properties |
| Landbank | 6.50% | 7.00% | 7.25% | 7.75% | Government bank, socialized housing |
| Pag-IBIG (HDMF) | 6.375% (up to ₱750,000); 6.50%–10.00% (above) | N/A | Best for below-market loans | ||
Rates are indicative as of 2026. Contact each bank or use Nook for your personalized rate. All rates are per annum.
What Does the Rate Difference Actually Cost You?
A rate comparison table is only meaningful when you see the peso impact. Here's how much your monthly payment — and total interest paid — changes depending on which bank you're with, using a 3,000,000 loan over 20 years as a benchmark:
| Rate (p.a.) | Monthly Payment | Total Interest Paid | vs. 5.99% (Savings) |
|---|---|---|---|
| 5.99% (Nook) | 21,474 | 2,153,760 | — |
| 6.50% | 22,328 | 2,358,720 | 204,960 saved |
| 7.00% | 23,259 | 2,582,160 | 428,400 saved |
| 7.50% | 24,168 | 2,800,320 | 646,560 saved |
| 8.00% | 25,093 | 3,022,320 | 868,560 saved |
| 8.50% | 26,035 | 3,248,400 | 1,094,640 saved |
If you're currently paying 7.50% on a 3,000,000 loan, refinancing to 5.99% p.a. through Nook could save you over 646,000 pesos in interest over the life of your loan — with no broker fees charged to you.
BDO vs BPI: The Two Biggest Banks Head-to-Head
BDO and BPI are the Philippines' two largest universal banks and the most common home loan providers. Here's how they compare in detail:
BDO Home Loan 2026
- 1-Year Fixed Rate: 6.50% p.a.
- 3-Year Fixed Rate: 7.00% p.a.
- 5-Year Fixed Rate: 7.25% p.a.
- Max Loan Amount: Up to 80% of appraised value
- Max Loan Term: 25 years
- Min Loan Amount: 1,000,000
- Processing Fee: Approximately 5,500–10,000
- Best For: Borrowers who value branch accessibility and existing BDO banking relationships
BPI Home Loan 2026
- 1-Year Fixed Rate: 6.50% p.a.
- 3-Year Fixed Rate: 6.88% p.a.
- 5-Year Fixed Rate: 7.25% p.a.
- Max Loan Amount: Up to 80% of appraised value
- Max Loan Term: 20 years
- Min Loan Amount: 800,000
- Processing Fee: Approximately 5,000–10,000
- Best For: Borrowers who want strong digital loan management and competitive 3-year fixed rates
For a deeper look at how BPI compares with another top-tier bank, see our BPI vs Metrobank home loan comparison.
Verdict on BDO vs BPI: BPI edges ahead at the 3-year fixed term (6.88% vs 7.00%), but both banks are very similar overall. Neither consistently beats the 5.99% p.a. available through Nook's multi-bank comparison.
Security Bank vs Metrobank: The Mid-Tier Challengers
Security Bank has emerged as one of the more aggressively priced home loan lenders in 2026, while Metrobank offers a broader suite of property financing products.
Security Bank Home Loan 2026
- 1-Year Fixed Rate: 6.25% p.a.
- 3-Year Fixed Rate: 6.75% p.a.
- 5-Year Fixed Rate: 7.00% p.a.
- Max Loan Term: 20 years
- Best For: Borrowers refinancing or purchasing with a short fixed-rate preference
Metrobank Home Loan 2026
- 1-Year Fixed Rate: 6.75% p.a.
- 3-Year Fixed Rate: 7.25% p.a.
- 5-Year Fixed Rate: 7.50% p.a.
- Max Loan Term: 25 years
- Best For: Borrowers who want flexible amortization schedules and longer terms
Security Bank's 1-year rate of 6.25% p.a. is among the lowest advertised by any single bank — but it's still above the 5.99% p.a. Nook can access for qualified borrowers.
Pag-IBIG vs Commercial Banks: When the Government Option Wins
Pag-IBIG (HDMF) remains a compelling option for members, especially for loans under 750,000 where the 6.375% rate applies. However, for loan amounts above 750,000 — which covers most Metro Manila and urban property purchases — Pag-IBIG's rates climb quickly, and commercial banks (especially via Nook's comparison engine) often win on rate.
| Loan Amount | Pag-IBIG Rate | Best Bank Rate via Nook | Winner |
|---|---|---|---|
| Up to 750,000 | 6.375% | 5.99% | Nook (bank) |
| 750,001–1,500,000 | 7.00%–8.00% | 5.99% | Nook (bank) |
| Above 1,500,000 | 9.00%–10.00% | 5.99% | Nook (bank) |
Note: Pag-IBIG has advantages beyond rate — including lower equity requirements and accessibility for informal workers — so it's not purely a rate decision. But for typical middle-income borrowers with loan amounts over 1,500,000, commercial bank rates via Nook are substantially lower.
Are You Already Overpaying? How to Check
Most Filipino homeowners with loans originated between 2018 and 2022 are on rates between 7% and 10% p.a. — often because they haven't revisited their loan since signing. In 2026, that gap represents a significant ongoing cost.
Here's a quick self-check: if your current interest rate is above 6.50%, you are almost certainly a candidate for refinancing savings. Use the table below to estimate your potential monthly savings on a 5,000,000 loan refinanced to 5.99% p.a.:
| Your Current Rate | Your Est. Monthly Payment | Payment at 5.99% | Monthly Savings | Annual Savings |
|---|---|---|---|---|
| 7.00% | 38,765 | 35,790 | 2,975 | 35,700 |
| 7.50% | 40,280 | 35,790 | 4,490 | 53,880 |
| 8.00% | 41,822 | 35,790 | 6,032 | 72,384 |
| 8.50% | 43,391 | 35,790 | 7,601 | 91,212 |
| 9.00% | 44,986 | 35,790 | 9,196 | 110,352 |
Calculations based on 5,000,000 loan over 20 years. Actual savings depend on remaining balance and term.
For a full breakdown of what switching banks involves, see our guide to choosing the right Philippine bank for your home loan in 2026.
How Nook Compares All Banks for Free
Nook is the Philippines' first digital mortgage broker. Instead of applying to five banks separately — each with its own requirements, appraisers, and processing timelines — Nook submits your profile to all major lenders simultaneously and presents you with the best offer.
- 100% free: Nook's service costs nothing to the borrower. Banks pay a referral fee directly to Nook.
- All major banks in one place: BDO, BPI, Metrobank, Security Bank, RCBC, UnionBank, PNB, Chinabank, and more.
- Best rate guarantee: Current best available rate is 5.99% p.a. for qualified borrowers.
- Refinance specialists: Nook's team handles the paperwork, coordination, and bank follow-ups for you.
- Online-first process: Apply, submit documents, and track your application from your phone.
Not sure which bank suits you?
Nook compares offers from 15+ banks for free. See your personalised options.
Compare My Options →Frequently Asked Questions
What is the lowest home loan interest rate in the Philippines in 2026?
The lowest home loan interest rate currently available in the Philippines in 2026 is 5.99% p.a., accessible through Nook's multi-bank comparison platform. Among individual banks, Security Bank advertises one of the lowest rates at 6.25% p.a. for a 1-year fixed term, followed by BDO and BPI at 6.50% p.a. Rates vary based on loan amount, term, LTV, and borrower profile.
Which bank has the best home loan rate in the Philippines right now?
In 2026, Security Bank and BPI tend to offer some of the most competitive rates among individual lenders — particularly at the 1-year and 3-year fixed terms. However, the best rate any single borrower can access depends on their profile. Using a mortgage broker like Nook, which compares all major banks simultaneously, typically results in a better rate than applying to any single bank directly. Nook's current best available rate is 5.99% p.a.
How do I compare home loan interest rates across all Philippine banks?
You can compare home loan rates by visiting each bank's website individually, calling their hotlines, or visiting branches — but this is time-consuming and each bank will only show you their own rates. A faster and more effective approach is to use Nook (nook.com.ph), which compares all major Philippine banks in one application and shows you the best rate available for your specific loan amount and profile, for free.
Is a 1-year fixed or 5-year fixed rate better for a home loan in the Philippines?
A 1-year fixed rate gives you the lowest initial rate but more frequent repricing risk — if rates rise at your repricing date, your monthly payment increases. A 5-year fixed rate is slightly higher initially but gives you payment certainty for five years. For most borrowers in the current environment, locking in a low rate for 3–5 years through refinancing is a popular strategy. Nook can help you model both scenarios for your specific loan.
Can I refinance my home loan in the Philippines to get a lower rate?
Yes. Refinancing — moving your existing home loan from your current bank to a new lender offering a lower rate — is one of the most effective ways to reduce your monthly payments and total interest cost. Most Filipino homeowners with loans originated before 2023 are paying 7%–10% p.a. and can meaningfully benefit from refinancing to rates as low as 5.99% p.a. through Nook. The typical refinancing process takes 4–8 weeks and Nook's service is free to the borrower.
What are the typical fees for refinancing a home loan in the Philippines?
Refinancing costs in the Philippines typically include: a bank processing fee (approximately 5,000–10,000), property appraisal fee (approximately 3,500–7,000), notarial and registration fees, and a cancellation of mortgage fee from your current bank. Some banks charge a penalty for early prepayment within the fixed-rate period — check your current loan agreement. Despite these costs, the ongoing monthly savings from a lower rate almost always exceed the one-time refinancing costs within 12–24 months.
How does Pag-IBIG home loan compare to commercial bank rates in 2026?
Pag-IBIG (HDMF) offers rates starting at 6.375% p.a. for loans up to 750,000 — competitive for lower loan amounts. However, for loans above 750,000 (which covers most urban property purchases), Pag-IBIG rates rise to 7%–10% p.a., making commercial bank rates via Nook significantly more attractive. Pag-IBIG also has advantages for members including lower equity requirements and more flexible borrower qualifications, so the right choice depends on your individual situation.
How much can I save by switching to a lower home loan rate?
The savings depend on your outstanding balance, remaining term, and the rate difference. As an example: on a 5,000,000 loan with 20 years remaining, moving from 8.00% to 5.99% p.a. saves approximately 6,032 per month — or over 72,000 per year. Over the remaining loan term, total interest savings can exceed 1,000,000. Use Nook's free calculator at nook.com.ph to estimate your specific savings.