BPI offers some of the Philippines' most competitive home loan rates — and through Nook, you can compare BPI against other top banks to make sure you're getting the absolute best deal for your situation, completely free.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted names in Philippine home lending, and for good reason. Through Nook, BPI Family Savings Bank offers a 1-year fixed rate of 6.70% and a highly competitive 5-year fixed rate of 6.50% — well below the 8–10% rates many Filipino homeowners are still paying on older loans. Whether you're buying your first home, refinancing an existing mortgage, or tapping your home's equity, BPI has a loan purpose and structure to match. Eligible borrowers include salaried employees in the private sector, government workers, BPO professionals, OFWs, seafarers, the self-employed, and licensed professionals — with a minimum monthly income requirement of just 40,000 pesos. Typical approval takes around 52 days, and BPI caps debt-to-income ratio at 40%, keeping repayments manageable relative to your income.
If you're already a BPI home loan borrower, it's worth checking whether your current rate is still competitive. Many Filipinos locked in rates of 8–10% several years ago and haven't revisited their options since. Refinancing to a lower rate — even by 1–2 percentage points — can save you hundreds of thousands of pesos over the life of your loan. Use the BPI housing loan calculator to see exactly what your monthly amortization would look like at today's rates, or explore our complete BPI interest rate guide for 2026 for a full breakdown of fixed-rate periods and repricing terms.
Applying through Nook is 100% free to you as a borrower. Nook acts as your digital mortgage broker — we submit your application to BPI and other partner banks simultaneously, so you can compare real offers side by side without doing the legwork yourself. There's no obligation to proceed, no hidden fees, and no pressure. Our goal is simply to make sure you end up with the home loan that saves you the most money over time. Note that all interest rates quoted are indicative and subject to change; always verify the latest rates directly with the bank or through Nook before making any financial decisions.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
Through Nook, BPI Family Savings Bank currently offers a 1-year fixed rate of 6.70% per annum and a 5-year fixed rate of 6.50% per annum. A home equity loan rate of 6.70% is also available. All rates are subject to change, so it's best to confirm the latest figures through Nook or directly with BPI before applying.
BPI accepts applications from a wide range of borrowers, including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is 40,000 pesos, and your total debt obligations should not exceed 40% of your gross monthly income.
BPI home loans can be used for a variety of purposes including refinancing an existing mortgage, purchasing a ready-for-occupancy or pre-selling property, reselling, new construction, renovation, and home equity loans. This flexibility makes BPI a strong option whether you're a first-time buyer or an existing homeowner looking to restructure.
BPI's typical home loan approval timeline is around 52 days from submission of complete documents. Processing speed can vary depending on the completeness of your application and the complexity of your case. Applying through Nook helps streamline the process since our team guides you through the documentary requirements upfront — see the full BPI housing loan requirements checklist to prepare.
If your current home loan rate is above 7.5%, refinancing to BPI's 6.50% or 6.70% fixed rates could save you a significant amount every month and over the life of your loan. Nook lets you compare BPI alongside other partner banks for free, so you can be confident you're choosing the best available rate — not just the first one offered.
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