BPI home loan rates start from 6.50% fixed for 5 years — but if you're on an older loan, you could be paying far more. Nook compares BPI and 10+ other banks for free to find your lowest possible rate.
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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 fixed-rate terms of 1 year at 6.70% p.a. and 5 years at 6.50% p.a. — competitive rates that make BPI a strong option for both new borrowers and those looking to refinance. BPI accepts a wide range of borrower profiles, including private employees, government workers, BPO professionals, OFWs, seafarers, and the self-employed, with a minimum monthly income requirement of ₱40,000. Loan purposes covered include refinancing, home equity, new construction, pre-selling, ready-for-occupancy purchases, reselling, and renovation — making BPI one of the more flexible lenders in the Philippine market.
That said, BPI's posted rates are just the starting point. Many existing BPI borrowers who took out their loans 3–7 years ago are still paying rates of 8% to 10% or higher, locked into repricing cycles they never revisited. If your loan has already completed its fixed period and rolled onto a variable or repriced rate, there's a strong chance you're leaving thousands of pesos on the table every month. You can use Nook's BPI housing loan calculator to estimate your current monthly payment and see exactly how much refinancing could save you.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We work with BPI and over 10 other partner banks to compare your options side by side and handle the application process on your behalf — from document preparation to bank submission and follow-up. Whether you're already with BPI or considering switching to them, Nook ensures you get the most competitive rate available. Before you apply, check out our complete guide to BPI housing loan requirements so you know exactly what to prepare. Interest rates are subject to change — always verify current rates with the bank or through Nook before proceeding.
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
As of 2026, BPI 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, though they are subject to change — we recommend verifying the latest rates directly with BPI or through Nook before applying.
Yes — refinancing your BPI loan is one of the most effective ways to reduce your monthly payment if your current rate is higher than what's available today. Nook can assess your existing loan, compare BPI's refinancing rates against other banks, and help you switch to the best deal available, all at no cost to you.
BPI requires a minimum monthly income of ₱40,000, a maximum debt-to-income ratio of 40%, and accepts borrowers who are privately employed, government workers, BPO employees, OFWs, seafarers, self-employed, or licensed professionals. For a full document checklist and eligibility guide, visit our BPI housing loan requirements page.
BPI's typical loan approval timeline is around 52 days from submission of complete documents. Working through Nook can help streamline this process — our team ensures your application is complete and correctly prepared before submission, reducing the risk of delays or requests for additional documents.
Yes, Nook's service is 100% free to borrowers — there are no fees, no hidden charges, and no obligation to proceed after your consultation. Nook earns a referral fee from the bank only when a loan is successfully disbursed, which means our incentive is always aligned with finding you the best possible deal.
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