BPI home loan rates start at 6.50% for a 5-year fixed term — but Nook can help you compare across multiple banks to find an even better deal, completely free.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted names in Philippine home lending, offering fixed-rate home loans across a range of repricing terms. For 2026, BPI's published rates start at 6.50% per annum for a 5-year fixed term and 6.70% for a 1-year fixed term — competitive benchmarks in a market where many existing borrowers are still locked into rates of 8% to 10% from loans taken out years ago. If you haven't reviewed your home loan rate recently, there's a real chance you're paying significantly more than you need to. You can use a BPI housing loan calculator to estimate exactly what your current and potential payments look like.
Refinancing your existing home loan — whether it's with BPI or another bank — means replacing your current loan with a new one at a lower interest rate. The monthly savings can be substantial: on a 3,000,000 loan balance, moving from a rate of 8.50% down to 5.99% saves over 4,000 per month, or nearly 49,000 per year. Over a typical remaining loan term, that's hundreds of thousands of pesos back in your pocket. BPI is a Nook partner bank, which means when you apply through Nook, our team handles the paperwork, coordinates directly with BPI's home loan team, and you pay absolutely nothing for the service. For a full breakdown of what documents you'll need, see our complete BPI housing loan requirements guide.
Whether you're refinancing an existing loan, purchasing a ready-for-occupancy unit, or tapping home equity, BPI caters to a wide range of borrower profiles — including employed professionals, OFWs, self-employed individuals, and BPO workers. The minimum qualifying monthly income is 40,000, and approvals typically take around 52 days. But BPI is just one option. Nook compares BPI side-by-side with other top Philippine banks so you can be confident you're getting the lowest rate available to you — not just the first rate you were offered. Interest rates are subject to change; always verify current rates before proceeding with an 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
BPI's current home loan rates start at 6.50% per annum for a 5-year fixed term and 6.70% for a 1-year fixed term. Home equity loans are also available at 6.70%. These rates are subject to change, so it's always best to confirm the latest figures directly with BPI or through a broker like Nook before applying.
A 5-year fixed rate gives you longer payment certainty and is currently the lower of the two BPI options at 6.50%, making it popular with borrowers who want stability. A 1-year fixed rate at 6.70% offers more flexibility if you expect rates to fall or plan to sell or refinance within a few years. The best choice depends on your financial situation and risk tolerance.
BPI accepts applications from a wide range of employment types including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum qualifying monthly income is 40,000, and your total debt obligations generally shouldn't exceed 40% of your gross monthly income.
BPI's typical home loan approval timeline is around 52 days from the time you submit a complete set of documents. Working with a broker like Nook can help streamline this process since our team reviews your documents beforehand and submits a well-prepared application, reducing the chance of delays due to missing requirements.
If your current rate is above 7%, refinancing to a lower rate — whether through BPI or another Nook partner bank — could save you thousands of pesos every month. Nook's service is completely free to borrowers: we compare multiple banks on your behalf, handle the application process, and help you find the best available rate. There's no cost and no obligation to proceed.
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