BPI home loan rates start from 6.50% fixed for 5 years — if you're currently paying 8% or more, Nook can help you refinance for free and potentially save thousands every month.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted home loan providers in the Philippines, offering fixed-rate periods of 1 year at 6.70% p.a. and 5 years at 6.50% p.a. — among the most competitive rates available in 2026. For homeowners who took out a loan several years ago at rates of 8%, 9%, or even higher, refinancing to a BPI home loan through Nook could mean a dramatically lower monthly payment and significant long-term savings. You can use the BPI housing loan calculator to model your exact monthly payments before you apply.
Qualifying for a BPI home loan refinance requires a minimum monthly income of ₱40,000 and a debt-to-income ratio of no more than 40%. BPI accepts a wide range of employment types — including private employees, government workers, BPO professionals, OFWs and seafarers, self-employed individuals, and licensed professionals. Typical approval takes around 52 days, and BPI supports multiple loan purposes including refinancing, home equity, renovation, and purchase of ready-for-occupancy or pre-selling properties. If you want a full breakdown of what documents you'll need, see the complete BPI housing loan requirements guide.
Applying through Nook means you get access to BPI's partner rates with zero broker fees — Nook's service is 100% free to borrowers. Nook compares BPI against other leading Philippine banks so you can be confident you're getting the best deal available for your situation. Whether you're refinancing an existing loan or taking out a new home loan, Nook handles the paperwork coordination and bank communication on your behalf, making the process faster and far less stressful. Note: 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
BPI currently 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 most competitive from a major Philippine bank, and are available to qualified borrowers applying through Nook at no extra cost. Rates are subject to change, so it's best to confirm the latest figures before you apply.
BPI requires a minimum monthly income of ₱40,000 and a maximum debt-to-income (DTI) ratio of 40%. Eligible employment types include private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and professionals. As long as your property is in good standing and you meet BPI's credit requirements, you're likely a strong candidate for refinancing.
BPI's typical approval timeline is around 52 days from submission of a complete application. Delays are most often caused by incomplete documentation, so preparing all required documents in advance is important. Applying through Nook helps streamline the process — Nook's team reviews your documents before submission to reduce back-and-forth with the bank.
If you're currently on a rate of 8% or higher, refinancing to BPI's 5-year fixed rate of 6.50% could save you thousands of pesos every month on a ₱3,000,000 loan. Over the remaining term of your loan, the total interest savings can be substantial — often reaching hundreds of thousands of pesos. Use the savings calculator on this page to get a quick estimate based on your own loan balance.
No — Nook's mortgage brokering service is completely free for borrowers. Nook earns a referral fee from the bank, not from you, so there's no cost to getting expert guidance, document review, and bank comparison. You get the same (or better) rates as applying directly, with the added benefit of having Nook manage the process on your behalf.
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