BPI home loan interest rates start at 6.50% p.a. fixed for 5 years — and if you're currently paying above 8%, refinancing through Nook could save you hundreds of thousands of pesos over your loan term.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
BPI (Bank of the Philippine Islands) is one of the country's most established home loan lenders, and in 2026 their fixed-rate offerings remain among the most competitive available. Through Nook, qualified borrowers can access BPI Family Savings Bank's 1-Year Fixed rate of 6.70% p.a. or the more popular 5-Year Fixed rate of 6.50% p.a. — giving you predictable monthly payments and real protection against future rate increases. The 5-year fixed option is especially attractive for homeowners who want medium-term certainty without locking into a decades-long rate. If you're unsure which fixed period suits your situation, our complete BPI refinancing guide walks through the trade-offs in detail.
Most Filipino homeowners who refinance through Nook are coming from rates of 8% to 10% or higher — often set during a period of rising borrowing costs and never revisited. Moving from 8.50% to 6.50% on a ₱3,000,000 loan with 20 years remaining translates to over ₱3,700 in monthly savings and more than ₱670,000 saved over the life of the loan. To get a personalised estimate based on your actual balance and remaining term, try the BPI housing loan calculator — it takes under a minute. The key is acting before your bank's next repricing cycle locks you into another fixed period at a rate you didn't choose.
Applying through Nook is completely free for borrowers. We handle the paperwork, coordinate with BPI on your behalf, and help you compare rates across multiple lenders so you're not relying on a single bank's offer. BPI Family Savings Bank requires a minimum monthly income of ₱40,000 and accepts a wide range of employment types — including private employees, government workers, OFWs, seafarers, self-employed professionals, and BPO workers. Approval typically takes around 52 days, and the bank finances refinancing, home equity, renovation, and purchase scenarios. Note: Interest rates are subject to change — we recommend verifying current rates at the time of 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's partnership with BPI Family Savings Bank, the current rates are 6.70% p.a. for a 1-Year Fixed period and 6.50% p.a. for a 5-Year Fixed period. These rates apply to refinancing, home equity, purchase, and renovation loans. Always confirm the latest rates at the time of your application, as they are subject to change.
The 5-year fixed at 6.50% locks in a lower rate for longer, giving you more payment stability and protection if market rates rise over the next few years. The 1-year fixed at 6.70% offers slightly higher short-term cost but more flexibility to reprice sooner if rates drop. For most refinancers prioritising certainty and savings, the 5-year fixed tends to be the more popular choice.
It depends on your current rate, outstanding balance, and remaining loan term — but homeowners moving from rates of 8% to 10% down to BPI's 6.50% can typically save between ₱2,000 and ₱6,000 per month on a ₱3,000,000 loan. Over a 20-year term, that adds up to hundreds of thousands of pesos in total interest savings. You can use the BPI housing loan calculator to run your specific numbers.
BPI Family Savings Bank requires a minimum monthly income of ₱40,000 and a maximum debt-to-income ratio of 40%. They accept a wide range of employment types including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. For a full list of documents and eligibility criteria, see our BPI housing loan requirements guide.
Yes — Nook's service is 100% free for borrowers. We act as your mortgage broker, submitting your application to BPI on your behalf, managing follow-ups, and ensuring your documents are in order to avoid delays. Unlike going directly to BPI, Nook can also compare your offer against other partner lenders to make sure you're getting the most competitive rate available to you.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →