BPI home loan rates start at 6.50% p.a. for a 5-year fixed term — and Nook helps you apply for free. If you're currently paying 8% or more, you could save thousands every month.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted names in Philippine home lending, and their 2026 home loan rates remain highly competitive. Through Nook, you can access BPI's current fixed rates — 6.70% p.a. for a 1-year fixed term and 6.50% p.a. for a 5-year fixed term — along with a Home Equity option at 6.70% p.a. BPI accepts a wide range of borrowers including salaried employees, government workers, BPO professionals, OFWs, seafarers, and self-employed individuals, with a minimum monthly income requirement of ₱40,000. Whether you're purchasing a ready-for-occupancy unit, refinancing an existing loan, or financing a renovation, BPI offers loan purposes to match your situation.
If you took out your home loan more than two years ago, there's a good chance your current rate is between 8% and 10% — which means you're likely overpaying by thousands of pesos every month. Refinancing to BPI's 5-year fixed rate of 6.50% on a ₱3,000,000 balance with 20 years remaining could reduce your monthly payment significantly, freeing up cash for other financial goals. You can use our BPI housing loan calculator to run the numbers for your specific balance and term before you apply.
Applying through Nook is 100% free to you — we're a digital mortgage broker that handles the paperwork, coordinates with BPI on your behalf, and helps you compare offers across multiple lenders. BPI's typical approval timeline is around 52 days, and Nook's team will guide you through every step to keep things moving. To understand exactly what documents and eligibility criteria you'll need to prepare, check out our complete guide to BPI housing loan requirements. Interest rates are subject to change — always verify the latest rates with BPI or through Nook before submitting 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, BPI's current rates are 6.70% p.a. for a 1-year fixed term, 6.50% p.a. for a 5-year fixed term, and 6.70% p.a. for a Home Equity loan. These rates are among the most competitive available from a major Philippine bank. Note that rates are subject to change, so we recommend verifying the latest figures through Nook or directly with BPI before applying.
BPI accepts applications from a broad range of borrowers including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱40,000, and your total debt-to-income ratio must not exceed 40%. Filipino citizens and qualified foreign nationals may apply depending on the loan purpose.
BPI home loans can be used for purchasing foreclosed properties, home equity, new construction, pre-selling and ready-for-occupancy units, refinancing an existing loan, renovation, and reselling. This makes BPI a flexible option whether you're a first-time buyer, an investor, or an existing homeowner looking to lower your rate through refinancing.
BPI's typical approval timeline is approximately 52 days from submission of a complete application. Applying through Nook can help speed up the process because our team reviews your documents before submission, reducing the chance of back-and-forth delays. We also track your application status and follow up with BPI on your behalf at no cost to you.
No — Nook's service is completely free for borrowers. We're paid by the bank when your loan is successfully processed, so there's no broker fee, no consultation charge, and no hidden costs on your end. You get access to BPI's rates, expert guidance, and a streamlined application process without spending a single peso extra.
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