BPI offers some of the most competitive home loan rates in the Philippines — with a 5-year fixed rate of 6.50% p.a. Nook helps you apply or refinance through BPI for free, with no broker fees ever.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the country's most trusted home loan providers, offering flexible fixed-rate periods and loan purposes ranging from purchase and refinancing to renovation and home equity. For 2026, BPI's home loan rates start at 6.50% p.a. for a 5-year fixed period and 6.70% p.a. for a 1-year fixed period — well below what most Filipino homeowners are currently paying on older loans. If your existing loan carries a rate of 8% or higher, refinancing to BPI through Nook could save you tens of thousands of pesos every year. You can explore BPI's full interest rate options and refinancing guide to see how different fixed periods compare.
BPI accepts a wide range of borrower profiles including private and government employees, BPO workers, OFWs, seafarers, self-employed professionals, and business owners. The minimum qualifying monthly income is ₱40,000, and BPI typically approves loans within 52 days. Their maximum debt-to-income ratio of 40% gives most borrowers reasonable flexibility, and eligible loan purposes include ready-for-occupancy (RFO) purchases, pre-selling units, new construction, refinancing, reselling, foreclosed properties, and renovation. If you want to confirm what documents you'll need before applying, check out the complete BPI housing loan requirements checklist to get prepared.
Applying for a BPI home loan through Nook is 100% free — Nook is the Philippines' first digital mortgage broker, and we never charge borrowers a fee. We compare your options across multiple partner banks, handle the paperwork coordination, and keep you informed at every step. Whether you're buying your first home or refinancing an existing loan to a lower rate, Nook makes the process faster, clearer, and stress-free. Note that all interest rates shown are subject to change; we recommend verifying the latest rates with BPI or through Nook before submitting your application.
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
BPI currently offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. for standard home loans, with a 6.70% p.a. rate also available for home equity loans. These rates are subject to change, so it's best to verify the latest figures through Nook or directly with BPI before applying.
BPI accepts borrowers from a wide range of employment backgrounds, including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱40,000, and your total monthly debt obligations should not exceed 40% of your gross monthly income.
BPI's typical loan approval timeline is around 52 days from the date of complete document submission. Delays are usually caused by incomplete requirements or title verification issues, so having all your documents ready upfront can significantly speed things up.
BPI home loans can be used for a broad range of purposes including buying a ready-for-occupancy (RFO) or pre-selling property, new construction, refinancing an existing loan, reselling, purchasing foreclosed properties, and home renovation or improvement. This flexibility makes BPI one of the more versatile lenders in the Philippine market.
Yes, Nook's service is completely free for borrowers — there are no broker fees, no hidden charges, and no obligation to proceed after getting your comparison. Nook earns a referral fee from the bank, not from you, so you get expert mortgage guidance at zero cost.
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