BPI home loan rates in 2026 start at 6.50% fixed for 5 years — if you're still on a repriced rate above 8%, you could be throwing away thousands every month. Nook helps you refinance for free.
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Why this matters
BPI is one of the Philippines' most trusted home loan lenders, and in 2026 their fixed-period rates remain genuinely competitive — particularly 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 purchase loans and refinancing, making BPI a strong choice whether you're buying a ready-for-occupancy property, building a new home, or looking to lower the rate on an existing loan. If you want to understand exactly what your monthly repayments would look like, the BPI housing loan calculator guide walks through the maths in detail.
The catch most borrowers don't realise: the rate you locked in at signing isn't the rate you'll pay forever. BPI home loans are subject to repricing at the end of each fixed period — meaning if you took out a loan three to five years ago, your rate may have already reset to a variable market rate that's significantly higher than what's available today. Many existing BPI borrowers are currently paying between 8% and 10%, even though the bank's current published rates are well below that. Refinancing — either back to BPI on new terms or to another lender — is the lever that puts that difference back in your pocket. For a full breakdown of how BPI's fixed periods and repricing schedule work, see our complete BPI refinancing guide for 2026.
Through Nook, applying for a BPI home loan or refinance is completely free. As the Philippines' first digital mortgage broker, Nook submits your application directly to BPI and other partner banks simultaneously, so you can compare real offers side by side without paying broker fees or committing to any single lender upfront. BPI accepts applications from employed professionals in private companies, government, BPO, and OFW/seafarer roles, as well as self-employed borrowers — with a minimum monthly income of ₱40,000 and a maximum debt-to-income ratio of 40%. Typical approval takes around 52 days. Note: Interest rates are subject to change — always verify current rates directly with BPI or through your Nook advisor before making 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 loans, including refinancing. These rates are among the more competitive in the Philippine market, especially the 5-year fixed option which gives you half a decade of payment certainty. Rates are subject to change, so confirm current pricing through Nook or directly with BPI.
When your fixed period expires, BPI reprices your loan based on prevailing market rates at that time — which can be significantly higher than the rate you originally signed up for. Many borrowers who locked in years ago are now paying 8% to 10% or more after repricing. This is exactly the window where refinancing makes the most financial sense, because you can lock into today's lower rates for another fixed term.
Yes — refinancing an existing BPI loan is one of the most common requests Nook handles. Nook will submit your application to BPI and other partner banks simultaneously, so you can compare what BPI offers on new terms against alternatives. The entire broker service is free to you as the borrower, and you're never obligated to accept any offer.
BPI accepts applications from a wide range of employment types including private employees, government workers, BPO staff, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum qualifying monthly income is ₱40,000, and your total monthly debt obligations (including the new loan) must not exceed 40% of your gross monthly income. For a complete checklist of required documents, see our BPI housing loan requirements guide.
BPI's typical approval timeline is around 52 days from submission of a complete application. Incomplete documents are the most common cause of delays, so it's important to submit everything correctly the first time. When you apply through Nook, your advisor reviews your documents before submission to catch any gaps — which helps keep the process on track.
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