BPI offers some of the Philippines' most competitive home loan rates — but if you took out your loan a few years ago, you could be paying 1–3% more than today's best available rate of 5.99% p.a. Find out exactly how much you could save by refinancing through Nook, completely free.
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Why this matters
BPI Family Savings Bank is one of the Philippines' most trusted home loan providers, and for good reason. Their 2026 rates are genuinely competitive: a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a., with home equity loans also available at 6.70% p.a. BPI accepts a wide range of borrowers — including private employees, government workers, BPO staff, OFWs, seafarers, self-employed professionals, and more — with a minimum monthly income requirement of just ₱40,000. Typical approval takes around 52 days, and BPI supports loan purposes ranging from refinancing and renovation to pre-selling, RFO, resale, new construction, and foreclosed properties.
That said, if your existing BPI home loan was taken out between 2019 and 2023, your repriced rate may now sit well above today's market. Many Filipino homeowners are still locked into rates of 8–10% p.a. from previous fixed periods, paying hundreds of thousands of pesos more than necessary over the life of their loan. Repricing — where your bank resets your rate — doesn't always guarantee you get the best deal available. That's where Nook comes in. As the Philippines' first digital mortgage broker, Nook compares BPI's rates alongside those from other leading banks, so you can see your full range of options in one place. You can also use our housing loan calculator to compare BPI against BDO, RCBC, and more before you decide.
Refinancing through Nook is 100% free to you — Nook is compensated by the bank, not the borrower. Whether you're approaching a repricing date or simply want to explore whether you're on the right rate, Nook's team of mortgage specialists will walk you through the process, handle the paperwork, and help you secure the lowest rate you qualify for. Interest rates are subject to change; always verify the latest figures directly with BPI or through your Nook advisor before committing.
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 Family Savings Bank's current rates are 6.70% p.a. for a 1-year fixed period, 6.50% p.a. for a 5-year fixed period, and 6.70% p.a. for home equity loans. These rates are available through Nook at no cost to the borrower. Note that rates are subject to change, so it's worth confirming the latest figures with a Nook advisor before you apply.
When your BPI fixed period ends, your rate is repriced based on prevailing market rates — which may be higher or lower than your original rate. Before accepting a repriced rate, it's worth comparing what other banks are offering, as refinancing to a new lender with a lower rate can result in significant savings over the remaining life of your loan. Nook can help you compare your options quickly and for free.
BPI accepts applications from a broad range of borrowers including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and professionals. The minimum monthly income requirement is ₱40,000, and your total debt obligations should not exceed 40% of your gross monthly income. Eligible loan purposes include refinancing, renovation, RFO purchases, pre-selling, resale, new construction, and foreclosed properties.
That depends entirely on what rate you're currently paying versus what you can qualify for elsewhere. If your existing rate is 8% or higher, refinancing could save you hundreds of thousands of pesos over a 15–20 year term. Nook compares BPI alongside multiple other banks and will tell you honestly whether switching makes financial sense — or whether sticking with BPI at a repriced rate is the smarter move. For real-world borrower experiences, check out what Filipino homeowners are saying about BPI and other banks on Reddit in 2026.
Yes, a Tax Identification Number is generally required as part of BPI's home loan application process. If you don't have a TIN yet or are unsure of your options, there are pathways to still move forward with your application. See our detailed guide on BPI's TIN requirement and what to do if you don't have one yet for step-by-step guidance.
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