BDO vs BPI

Philippine Bank Home Loan Rates at a Glance (2026)

Interest rates are the single biggest driver of your monthly payment and total loan cost. Here's how the major Philippine banks compare for home loan rates in 2026. Note that Nook has verified rates for its partner banks (BDO, BPI, Security Bank, RCBC); Metrobank rates are approximate based on publicly available information and are subject to change.

*Metrobank rates are approximate, based on publicly available information as of early 2026, and are subject to change without notice. Always verify directly with the bank. BDO, BPI, Security Bank, and RCBC rates are verified Nook partner rates and are also subject to change.

For a deeper look at how these rates translate into monthly payments, try the housing loan calculator for Philippine banks to run your own scenarios.

Monthly Payment Comparison: P3,000,000 Loan Over 20 Years

To make these rate differences tangible, here's what a P3,000,000 home loan over 20 years would cost per month during the initial fixed-rate period at each bank's 1-year fixed rate.

On a P3,000,000 loan, the difference between BDO at 6.00% and Metrobank at ~7.25% is approximately 1,951 per month — or over 23,000 per year. Over a 20-year loan, that gap compounds significantly. If you are currently paying 8%, 9%, or 10%, refinancing through Nook could save you tens of thousands of pesos annually.

Eligibility Requirements: Which Bank Will Approve You?

Rate is only half the story. You need to qualify first. Here's how the major banks compare on key eligibility criteria.

Key takeaways:

• BPI has the most accessible income threshold at P40,000/month, making it the best entry point for borrowers earlier in their careers.
• Security Bank is the fastest lender in this group at ~23 days, and uniquely accepts freelancers — a significant advantage for the growing gig economy workforce.
• RCBC has a stricter debt-to-income ratio cap of 30% (vs. 40% for others), meaning your existing debt load matters more here.
• BDO balances competitive rates with broad employment acceptance and a reasonable 30-day timeline.

Loan Purposes: What Can Each Bank Finance?

Not all home loans are created equal. Some banks will finance pre-selling condos; others focus on ready-for-occupancy properties or refinancing. Here's the breakdown.

*Metrobank loan purpose information is approximate and subject to change. Verify directly with the bank.

If you are looking to refinance an existing home loan, all four Nook partner banks — BDO, BPI, Security Bank, and RCBC — offer refinancing products. For a dedicated look at how refinance rates compare across these lenders, see our BDO vs BPI vs Metrobank refinance rates comparison.

How Much Can You Save by Refinancing?

Many Filipino homeowners took out their loans when rates were 8%, 9%, or even 10%. If your current rate is above 7%, refinancing through Nook's partner banks could deliver meaningful monthly savings.

These figures are based on a P3,000,000 loan with 20 years remaining. Your actual savings will vary based on remaining balance, remaining term, and the specific rate you qualify for. Nook's service is 100% free to borrowers — we are paid by the bank when your loan is approved, not by you.

For the latest verified rates across all major lenders, check our updated best home loan rates Philippines guide for 2026.

Why Apply Through Nook Instead of Going Directly to Each Bank?

When you apply for a home loan directly with a single bank, you are limited to that bank's products, subject to that bank's timeline, and have no benchmark to compare whether the rate you're offered is competitive. Nook changes that dynamic entirely.

• Apply to multiple banks with one application. Nook submits your application to multiple partner banks simultaneously, saving you weeks of paperwork and follow-up.
• Verified, up-to-date rates. The rates you see through Nook are confirmed directly with partner banks — not scraped from outdated websites.
• A dedicated broker in your corner. Nook's mortgage advisors help you understand which bank is most likely to approve you at the best rate, given your income, employment type, and property.
• Completely free. Nook earns a referral fee from the bank when your loan is approved. You pay nothing for the service.
• Faster processing. Nook's established relationships with partner banks help streamline document review and approval timelines.

Whether you are buying your first home, purchasing an investment property, or looking to lower your monthly payment through refinancing, Nook gives you access to the Philippines' most competitive home loan rates — all in one place.