BDO vs BPI

Security Bank vs BDO vs BPI: 2026 Housing Loan Rates at a Glance

Before diving into the details, here's a side-by-side snapshot of the key numbers from all three banks. Note that interest rates are subject to change — always verify current rates directly with the bank or through Nook before making a decision.

All three banks are Nook partner banks. Applying through Nook is 100% free and lets you compare offers from all three simultaneously.

Interest Rate Comparison: Who Offers the Best Deal?

Rate is usually the first thing borrowers look at — and for good reason. On a P3,000,000 loan over 20 years, even a 0.70% rate difference between BDO and BPI can translate to tens of thousands of pesos saved over the fixed period.

BDO: Lowest 1-Year Fixed Rate at 6.00%

BDO's 1-year fixed rate of 6.00% p.a. is the sharpest among all three. For a P3,000,000 loan, this works out to an estimated monthly amortization of around 21,492 during the fixed period. Borrowers who prefer repricing annually and want to take advantage of potentially falling rates in future years will find BDO's structure appealing. BDO also applies the same 6.00% rate to Home Equity loans, making it a competitive choice if you're unlocking equity rather than purchasing.

BPI: Best 5-Year Fixed Rate at 6.50%

BPI Family Savings Bank offers a 5-year fixed rate of 6.50% p.a. — the best long-term fixed option among the three. If you value payment stability and don't want to worry about repricing every year, BPI gives you five full years of predictable amortization. On a P3,000,000 loan over 20 years at 6.50%, your estimated monthly payment is around 22,379. BPI's 1-year fixed at 6.70% is higher than BDO's but still reasonable, and its home equity rate matches the 1-year fixed at 6.70%.

Security Bank: Fast Approval, Moderate Rates

Security Bank's 1-year fixed rate of 6.99% p.a. is the highest among the three for the short-term option, and its Home Equity rate of 7.50% is notably elevated compared to BDO and BPI. However, Security Bank's 5-year fixed rate of 6.75% is competitive and sits just 25 basis points above BPI's 5-year offer. On a P3,000,000 loan over 20 years at 6.99%, the estimated monthly amortization is approximately 23,267.

For a deeper dive into how these rates stack up across loan amounts, see our Housing Loan Calculator Philippines: Compare BPI, BDO, RCBC & Security Bank.

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

Here's how monthly payments compare across all three banks at their respective 1-year fixed rates. These are illustrative estimates — actual amortization will depend on your loan amount, term, and the bank's final approved rate.

At P3,000,000, BDO's lower rate saves you roughly 14,280 compared to BPI and 21,300 compared to Security Bank in the first year alone. Over the full repricing cycle, those savings compound — especially if you refinance or reprice at competitive rates going forward.

Qualifying Requirements: Who Is Easiest to Get Approved By?

Rates are only half the picture. Getting approved is the other half. Here's how each bank's qualifying criteria compare.

Minimum Monthly Income

BPI Family Savings Bank has the lowest minimum income requirement at P40,000/month, making it the most accessible of the three. BDO and Security Bank both require at least P50,000/month in documented income. If your monthly income is between P40,000 and P49,999, BPI may be your only realistic option among these three.

Debt-to-Income Ratio (DTI)

All three banks cap your total monthly debt obligations (including your new housing loan) at 40% of your gross monthly income. This means if you earn P50,000/month, your total monthly obligations — including the new loan — should not exceed P20,000. This is a standard industry benchmark in the Philippines.

Employment Types Accepted

All three banks are broadly flexible when it comes to employment type:

• BDO: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
• BPI: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
• Security Bank: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional, Freelancer

Security Bank stands out for explicitly accepting Freelancers — a growing segment of the Philippine workforce not always accommodated by traditional banks.

Loan Purposes Covered

All three banks support a wide range of loan purposes including refinancing, RFO purchase, pre-selling, construction, renovation, and reselling. All three also offer Home Equity loans. There is no meaningful differentiation here — whichever bank you choose, your intended use case is likely covered.

Approval Speed: When You Need Your Loan Fast

Approval timelines matter, especially if you're refinancing to escape a rate hike, or purchasing a property with a tight transfer deadline.

Security Bank's 23-day typical approval is the fastest of the three — more than two weeks faster than BPI's 52-day average. If you're in a time-sensitive situation, Security Bank is worth considering even if its rates are slightly higher. BDO hits a practical middle ground at 30 days. BPI's longer timeline is worth factoring in if you have a seller or developer with a strict deadline.

Refinancing: Which Bank Makes the Most Sense?

If you're currently paying above 7% on your existing home loan, refinancing to any of these three banks could generate meaningful savings. The best rate currently available through Nook is 5.99% p.a. — significantly below what most Filipino homeowners are paying today.

For refinancing specifically, here's how the three banks rank:

1. BDO (6.00%): Closest to Nook's best available rate, making it the strongest refinancing option if you qualify
2. BPI (6.70% for 1-year, 6.50% for 5-year): The 5-year fixed option is particularly attractive for refinancers who want long-term stability without repricing risk
3. Security Bank (6.99% for 1-year, 6.75% for 5-year): Less compelling on refinancing rates, but its fast approval can help you lock in savings quickly

On a P5,000,000 outstanding balance, refinancing from 8.50% to BDO's 6.00% could reduce your monthly payment by an estimated 8,000 to 10,000 depending on remaining term. For a detailed breakdown, check our BPI vs BDO vs Security Bank: Which Has the Lowest Housing Loan Rate in 2026?

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

You can walk into any of these three banks and apply on your own — but here's why applying through Nook makes more sense:

• It's 100% free. Nook's service costs you nothing as a borrower. Banks pay Nook a referral fee — you don't.
• One application, multiple banks. Instead of filling out three separate applications with three different document checklists, Nook streamlines the process into a single submission.
• Expert guidance throughout. Nook's mortgage advisors help you understand your options, prepare your documents correctly, and avoid common mistakes that delay approvals.
• Banks compete for your loan. When multiple banks are reviewing your application simultaneously, you're in a stronger negotiating position.
• All three are Nook partners. BDO, BPI, and Security Bank are all Nook partner banks, meaning your application goes directly to their home loan teams.