Use our free calculator to estimate your BPI monthly amortization — then see if refinancing through Nook can lower your payments with rates starting at 5.99% p.a.
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Why this matters
BPI is one of the Philippines' most trusted home loan providers, offering fixed-rate periods of 1 year at 6.70% p.a. and 5 years at 6.50% p.a. — among the more competitive rates available from a major commercial bank. If you're planning to buy a property or refinance your existing home loan, estimating your monthly amortization is the essential first step. A ₱3,000,000 loan on a 20-year term at BPI's 5-year fixed rate of 6.50% translates to a monthly payment of roughly 22,028 — significantly lower than what many homeowners are currently paying on older loans locked at 8% to 10%.
But your BPI rate isn't the only option worth considering. Through Nook, the Philippines' first digital mortgage broker, you can compare BPI's current rates side-by-side with other partner banks to find the lowest rate you actually qualify for. Nook's BPI vs Security Bank vs Metrobank comparison is a great starting point if you want a broader picture of where BPI stands in today's market. And if you already have a home loan with another bank, a BPI vs RCBC takeout rate comparison can help you decide whether refinancing to BPI makes financial sense.
Nook's service is completely free to borrowers — there are no broker fees, no hidden charges, and no obligation to proceed. You simply submit one application and Nook handles the legwork of matching you to the best available offer. BPI accepts applications from private and government employees, BPO workers, OFWs, seafarers, self-employed professionals, and more, with a minimum monthly income requirement of ₱40,000 and a typical approval timeline of around 52 days. Please note that all interest rates are subject to change — verify the latest rates directly with BPI 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
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 home purchase and refinancing loans. These rates are among the more competitive in the Philippine market, though they are subject to change — always confirm the latest rates with BPI directly or through a broker like Nook before applying.
Your monthly amortization depends on three things: your loan amount, the interest rate, and your loan term. For example, a ₱3,000,000 loan at 6.50% p.a. over 20 years results in a monthly payment of approximately 22,028. You can use Nook's free calculator above to instantly estimate payments for any combination of loan amount and term.
Yes — BPI accepts refinancing (also called loan takeout) applications, and Nook can help you apply at no cost. If you're currently paying 8% or more on an older home loan, refinancing to BPI's 5-year fixed rate of 6.50% could reduce your monthly payment by thousands of pesos. Nook will assess your eligibility and submit your application on your behalf.
BPI requires a minimum monthly income of ₱40,000 and a debt-to-income ratio of no more than 40%. Eligible borrowers include private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. BPI supports a wide range of loan purposes including refinancing, home purchase (RFO and pre-selling), new construction, renovation, and home equity.
BPI's typical home loan approval takes approximately 52 days from complete document submission. Applying through Nook can help streamline this process since Nook's advisors ensure your documents are complete and correctly prepared before submission, reducing back-and-forth delays. Nook's service is 100% free and does not affect your approval timeline.
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