If you're taking out a new home loan or refinancing an existing one in 2026, BPI Family Savings Bank remains one of the most competitive lenders in the Philippines. But one of the biggest decisions you'll face is whether to lock in a fixed interest rate or opt for a variable rate — and the right answer depends on your income, risk tolerance, and how long you plan to stay in your home. BPI currently offers a 1-Year Fixed Rate of 6.70% p.a. and a 5-Year Fixed Rate of 6.50% p.a., giving borrowers flexibility depending on their financial outlook.
This page answers the most common questions Filipino homeowners have about BPI home loan interest rates in 2026 — from how fixed and variable rates compare, to what your monthly payment might look like, to whether refinancing through a broker like Nook could get you an even better deal. Nook's service is completely free to borrowers, and we work directly with BPI Family Savings Bank as a verified partner. Note: All interest rates are subject to change. Please verify current rates before applying.
As of 2026, BPI Family Savings Bank — a verified Nook partner bank — offers the following home loan interest rates:
- 1-Year Fixed Rate: 6.70% p.a.
- 5-Year Fixed Rate: 6.50% p.a.
- Home Equity / Multi-Purpose Loan Rate: 6.70% p.a.
These rates apply to a range of loan purposes including refinancing, purchase of ready-for-occupancy (RFO) units, pre-selling properties, reselling, new construction, renovation, and home equity loans. BPI's fixed-rate products give borrowers predictability during the fixed period, after which rates revert to BPI's prevailing variable rate.
Interest rates are subject to change. Always verify the latest rates directly with BPI or through Nook before submitting your application.
A fixed interest rate means your monthly amortization stays the same for a defined period — typically 1, 2, 3, or 5 years — regardless of market movements. This gives you peace of mind and easier budgeting. BPI offers a 1-year fixed at 6.70% and a 5-year fixed at 6.50%.
A variable interest rate (also called a floating rate) moves in line with a benchmark rate, such as the Philippine benchmark rate set by the Bangko Sentral ng Pilipinas (BSP). When market rates go down, your rate and monthly payment go down too — but when rates rise, so does your amortization.
In the current Philippine rate environment, many borrowers prefer the certainty of a fixed rate. The 5-year fixed at 6.50% is particularly attractive because it locks in a low rate for longer, offering protection if market rates climb over the next few years.
The right choice depends on your personal financial situation and outlook on interest rates:
- Choose the 1-Year Fixed (6.70%) if you expect interest rates to fall significantly in the next 1–2 years and want to reprice sooner to take advantage of lower rates. It also suits borrowers who plan to sell or pay off their loan within a short timeframe.
- Choose the 5-Year Fixed (6.50%) if you want maximum stability and prefer a slightly lower rate locked in for five years. This is often the better choice for most homeowners — the rate is actually lower than the 1-year option, and you get long-term peace of mind with no repricing surprises until 2031.
For most Filipino homeowners who plan to stay in their home long-term, the 5-year fixed at 6.50% offers a compelling combination of a lower rate and longer protection. If you're currently paying 8%, 9%, or 10% at another bank, locking in at 6.50% for five years through BPI via Nook could save you tens of thousands of pesos in interest. See how BPI compares to other lenders in our BPI vs Security Bank vs Metrobank home loan rates comparison.
Your monthly amortization depends on your loan amount, interest rate, and loan term. Here are sample monthly payments using BPI's 5-Year Fixed Rate of 6.50% p.a.:
| Loan Amount | 20-Year Term | 25-Year Term |
|---|---|---|
| 2,000,000 | ~14,903 | ~13,493 |
| 3,500,000 | ~26,080 | ~23,612 |
| 5,000,000 | ~37,257 | ~33,731 |
| 8,000,000 | ~59,611 | ~53,970 |
These are approximate figures for illustration purposes only. Actual amortization may vary based on BPI's computation method, fees, and final approved terms.
Compare this to paying 9% on a 5,000,000 loan over 20 years — that's approximately 44,986 per month. Refinancing to BPI's 6.50% rate could save you around 7,729 per month, or over 92,000 per year.
BPI Family Savings Bank has straightforward eligibility requirements. Through Nook, we can help you assess your eligibility before you apply. Key criteria include:
- Minimum Monthly Income: 40,000 (gross)
- Maximum Debt-to-Income (DTI) Ratio: 40% — meaning your total monthly debt payments, including the new home loan, should not exceed 40% of your gross monthly income
- Employment Types Accepted: Locally employed (private sector), government employees, BPO workers, OFWs and seafarers, self-employed individuals, and licensed professionals
- Age: Typically, borrowers must be of legal age and the loan must be fully paid before reaching age 70
BPI's accessible minimum income requirement of 40,000 per month makes it reachable for a wide range of Filipino borrowers, including those in the BPO sector and OFWs — which is often more flexible than some competitors.
Yes — refinancing (also called a home loan takeout) is one of the key loan purposes BPI Family Savings Bank accepts. If you're currently paying a higher interest rate at another bank, you can refinance to BPI and potentially lock in a rate as low as 6.50% (5-year fixed) or access Nook's best available rate of 5.99% p.a. across our partner bank network.
Refinancing to BPI through Nook is particularly straightforward because Nook handles the coordination, paperwork, and negotiation on your behalf — at no cost to you. Many Filipino homeowners who refinanced from rates of 8%–10% have reduced their monthly payments by thousands of pesos.
For example, if you're at RCBC and considering a switch to BPI, our BPI vs RCBC home loan takeout rates comparison breaks down which bank might offer you a better deal depending on your loan size and remaining term.
Note: Refinancing may involve processing fees, appraisal costs, and documentary stamps. Nook will help you calculate your net savings after all costs before you commit.
BPI Family Savings Bank is one of the most competitive home loan lenders in the Philippines in 2026. Its 5-year fixed rate of 6.50% p.a. is among the lower fixed rates available from major banks, making it a strong option for borrowers seeking stability.
Here's a general market context:
- Most major banks in the Philippines currently offer fixed rates ranging from approximately 6.50% to 8.50% depending on the fixing period and loan profile
- Borrowers paying rates above 7.50% at their current bank have the most to gain from refinancing
- The lowest rate currently available through Nook's partner bank network is 5.99% p.a.
If you're considering BPI versus another lender, check out our detailed comparison: BPI vs Landbank home loan rates for refinancing. Shopping across multiple banks through Nook gives you the advantage of comparing offers side by side — without filling out multiple applications yourself.
Once your fixed rate period expires — whether that's after 1 year (at 6.70%) or 5 years (at 6.50%) — your home loan will typically reprice to BPI's prevailing variable rate at that time. This rate is based on market benchmarks and BPI's internal pricing, and it may be higher or lower than your original fixed rate depending on economic conditions.
At the end of your fixed period, you generally have a few options:
- Accept BPI's new variable or re-fixed rate — if market rates have stayed stable or fallen, this could still be competitive
- Negotiate a new fixed rate term with BPI — some banks allow you to lock in again at the prevailing fixed rate
- Refinance to a different bank — if another lender is offering a more competitive rate, you can take your loan elsewhere. This is one of the most common reasons homeowners refinance, and Nook can help you explore this option at no cost
Planning ahead for repricing dates is one of the smartest things a homeowner can do. Nook can alert you when your repricing is approaching so you have time to compare alternatives.
Applying through Nook is simple and completely free. Here's how the process works:
- Start your application on Nook.com.ph — fill in basic details about your loan needs, income, and property
- Get matched with the best options — Nook's team compares rates across our partner bank network, including BPI Family Savings Bank, and recommends the best fit for your profile
- Submit your documents once — Nook coordinates with BPI on your behalf, so you don't have to deal with multiple bank contacts
- Track your application — BPI's typical approval timeline is around 52 days, and Nook keeps you updated throughout the process
- Close your loan — once approved, Nook guides you through signing and drawdown
Because Nook is a licensed mortgage broker, BPI Family Savings Bank pays us a referral fee — which means our service is 100% free to you as the borrower. You get expert guidance, better rate visibility, and a smoother process at zero cost.
Applying through Nook gives you access to BPI Family Savings Bank's verified partner rates, which are the same competitive rates BPI offers through its broker channel. But more importantly, Nook also compares BPI against our full panel of partner banks — so if another lender is offering a better rate for your loan profile, we'll tell you.
The lowest rate currently available through Nook's partner bank network is 5.99% p.a. — which is lower than BPI's advertised fixed rates. Depending on your loan amount, credit profile, and property type, you may qualify for this rate through one of Nook's other partner banks.
To put this in perspective: on a 5,000,000 loan over 20 years, the difference between 6.70% and 5.99% is approximately 2,200 per month — or over 26,000 per year in savings. Over the life of a 5-year fixed period, that's more than 130,000 in your pocket.
The best way to find out if you can do better than BPI's standard rates is to apply through Nook — it's free, there's no obligation, and you'll have real numbers to compare before making a decision.