BPI home loan rates for 2026 start at 6.50% fixed for 5 years — but most existing borrowers are still paying 8% or more. Here's how to check if you're overpaying and what to do about it.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted home loan providers in the country, and their 2026 rates are genuinely competitive — especially the 5-year fixed option at 6.50% p.a. and the 1-year fixed at 6.70% p.a. These rates apply to both new purchases and BPI home loan refinancing, making BPI a strong option whether you're buying your first home or restructuring an existing loan. The minimum monthly income requirement of P40,000 makes BPI accessible to a broad range of Filipino borrowers, including private employees, government workers, OFWs, and self-employed professionals.
However, the rate you were approved for when you first took out your home loan is almost certainly higher than what's available today. If your loan was originated three to seven years ago, you could be sitting on a rate anywhere between 7.5% and 10% — and that gap translates directly into thousands of pesos in unnecessary monthly payments. The good news is that refinancing to BPI (or comparing BPI against other Nook partner banks) is now straightforward and completely free when you apply through Nook. Typical approval through BPI takes around 52 days, and Nook handles the paperwork and bank coordination on your behalf at no cost to you.
Before deciding, it's worth understanding exactly how BPI structures its fixed periods and what happens when the fixed term ends — because the repricing rate can significantly affect your long-term costs. Use BPI's monthly payment calculator to model different scenarios, or let Nook run a full comparison across all partner banks so you can see which lender actually gives you the lowest total cost over your remaining loan term. Interest rates are subject to change without prior notice — always verify current rates directly with BPI or through Nook before making a decision.
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's current home loan rates for 2026 are 6.70% p.a. for a 1-year fixed period and 6.50% p.a. for a 5-year fixed period. A Home Equity loan through BPI is also available at 6.70% p.a. These rates are subject to change, so confirm the latest figures directly with BPI or through Nook before applying.
For most borrowers, the 5-year fixed at 6.50% p.a. is the better choice because it locks in a lower rate for longer, giving you payment certainty and protection against future rate increases. The 1-year fixed at 6.70% p.a. is slightly higher and reprices annually, which introduces more variability. If you plan to hold the property long-term, the 5-year fixed generally offers better value.
BPI sets rates based on market benchmarks, your loan amount, loan term, and the fixed period you choose — not primarily on your individual credit profile the way some international lenders do. The published rates are generally available to all qualified borrowers who meet BPI's income and eligibility requirements, including a minimum monthly income of P40,000 and a debt-to-income ratio no higher than 40%.
Yes — refinancing to BPI is one of the most common transactions processed through Nook. Nook acts as a free digital mortgage broker, meaning Nook handles your application, document preparation, and bank coordination at no charge to you. Check the BPI housing loan requirements to see what documents you'll need, or simply start your application on Nook and a specialist will guide you through the process.
Once your fixed period expires, BPI will reprice your loan based on the prevailing market rate at that time, which is typically higher than the introductory fixed rate. This is the moment many borrowers choose to refinance — either back to a new fixed period with BPI or to another lender offering a better rate. Nook can alert you before your repricing date so you have time to compare and act, rather than automatically rolling into a higher rate.
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