BPI home loan interest rates start at 6.50% fixed for 5 years — and if you're still on an old repricing, you could be paying thousands more than you need to every month.
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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, offering fixed-rate terms ranging from 1 to 20 years. In 2026, BPI's rates through Nook start at 6.50% for a 5-year fixed term and 6.70% for a 1-year fixed or home equity loan. These are among the most competitive rates available in the Philippine market right now — but many existing BPI borrowers are still sitting on repriced rates of 8% to 10%, simply because they haven't explored their options. If your loan has already gone through one or more repricing cycles, there's a strong chance refinancing could cut your monthly payment significantly. Use our BPI housing loan calculator to see exactly what your new payment could look like.
Refinancing your BPI home loan through Nook is completely free — Nook is paid by the bank, not by you. The process is fully digital, and BPI's typical approval timeline is around 52 days. To qualify, you'll need a minimum monthly income of ₱40,000 and a debt-to-income ratio of no more than 40%. BPI accepts a wide range of borrower profiles including private and government employees, BPO workers, OFWs and seafarers, self-employed professionals, and licensed practitioners. Whether you're looking to refinance, renovate, or access your home equity, BPI offers loan purposes to match. For a full breakdown of what documents and eligibility criteria you'll need to prepare, see the complete BPI housing loan requirements guide.
The most important thing to know is that the rate you were given when you first took out your loan is almost certainly not the rate you should be paying today. Interest rates have shifted, and banks compete hard for refinancing business. Nook gives you access to BPI's current promo rates alongside offers from other leading Philippine banks — so you can compare in one place and apply with confidence. Rates are subject to change and we recommend verifying current figures directly with the bank or through a Nook advisor before finalising 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
Through Nook, BPI's current home loan rates start at 6.50% for a 5-year fixed term and 6.70% for a 1-year fixed or home equity loan. These rates are available for refinancing, purchase, and home equity purposes. Note that rates are subject to change — confirm the latest figures with Nook or BPI before applying.
If you're currently paying 8.50% on a ₱3,000,000 loan, refinancing to 6.50% could save you over ₱3,600 per month — that's more than ₱43,000 a year. Over the remaining life of your loan, the total interest savings can run well into the hundreds of thousands of pesos. Use Nook's free calculator to get a personalised estimate based on your actual balance and remaining term.
Yes — refinancing an existing BPI loan (even one already held with BPI) is one of the most common use cases on Nook's platform. Nook will compare BPI's refinancing rate against other partner banks so you always get the best available offer. The service is 100% free to you as the borrower.
BPI requires a minimum monthly income of ₱40,000 and a maximum debt-to-income ratio of 40%. Eligible borrower types include private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. For a full checklist of documents and requirements, visit our detailed BPI housing loan requirements 2026 guide.
No — Nook's service is completely free for borrowers. Nook earns a referral fee from the bank when your loan is successfully processed, which means you get expert guidance, rate comparisons, and application support at zero cost. There are no hidden charges, and you are never obligated to proceed after getting a quote.
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