BPI offers 1-year fixed rates from 6.70% and 5-year fixed from 6.50% — but if you took out your home loan a few years ago, you could be paying far more. Here's how to find out what you're actually owed.
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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 a range of fixed-rate periods to suit different borrowers. For 2026, BPI's published home loan rates start at 6.70% for a 1-year fixed term and 6.50% for a 5-year fixed term — competitive options whether you're buying a new property or refinancing an existing loan. BPI also offers a Home Equity product at 6.70%, giving homeowners access to their property's value for renovations or other needs. Minimum monthly income requirement is P40,000, and BPI accepts a wide range of employment types including private employees, government workers, OFWs, seafarers, BPO professionals, and the self-employed. If you want to estimate your monthly obligations before applying, the BPI housing loan calculator guide walks through real payment scenarios.
One of the most misunderstood aspects of a BPI home loan — or any Philippine bank mortgage — is the repricing cycle. Your interest rate is only fixed for the period you selected at the start (e.g., 1 or 5 years). Once that period ends, your rate is repriced to whatever BPI's prevailing rate is at that time, which may be significantly higher. Many homeowners are caught off guard when their monthly payment jumps after repricing. This is exactly where refinancing to a new lender through Nook can help you lock in a lower rate and regain control of your repayments. For a full breakdown of what BPI looks for in applicants, the BPI housing loan requirements guide covers income, documents, and eligibility in detail.
Applying for a BPI home loan or refinancing to BPI through Nook is completely free — Nook charges borrowers nothing for its broker service. Once you submit your profile, Nook compares BPI's current offers alongside other partner banks to find the best rate for your situation. BPI's typical approval timeline is around 52 days, and the bank caps debt-to-income ratios at 40%, which is standard across most Philippine lenders. Whether you're repricing soon, currently overpaying on an old loan, or shopping for your first mortgage, it pays to know exactly what rates are available to you today. Note: Interest rates are subject to change. Please verify current rates with BPI or through Nook before making any 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
Through Nook, BPI's current home loan rates are 6.70% for a 1-year fixed term and 6.50% for a 5-year fixed term, with a Home Equity product also available at 6.70%. These rates are among the most competitive in the Philippine market right now. Always confirm the latest rates directly with BPI or via Nook, as rates are subject to change.
Repricing is when your fixed interest rate period ends and your bank adjusts your rate to its current prevailing rate — which could be higher or lower than what you originally locked in. For example, if you fixed at 7% for 3 years and rates have since risen to 9%, your monthly payment will increase significantly at repricing. Many BPI borrowers use their upcoming repricing date as the ideal time to refinance to a better rate through Nook.
Yes — if you currently have a BPI home loan and your rate is above what's available in the market today, you may be able to refinance either back to BPI at a new rate or to a different lender offering a better deal. Nook compares multiple partner banks simultaneously to find the lowest rate you qualify for, and the service is 100% free for borrowers. The potential savings over a 15–20 year loan term can run into hundreds of thousands of pesos.
BPI accepts applications from a wide range of borrowers including salaried employees in the private and government sectors, BPO workers, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is P40,000, and your total debt obligations (including the new mortgage) should not exceed 40% of your gross monthly income. For a detailed checklist of required documents, see the complete BPI housing loan requirements for 2026.
BPI's typical home loan approval timeline is approximately 52 days from submission of complete documents. Delays usually happen when documents are incomplete or when property valuation takes longer than expected, so it pays to prepare your requirements thoroughly before applying. Applying through Nook helps streamline the process — your dedicated broker will review your documents and flag any issues before they're submitted to BPI.
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