BPI offers some of the most competitive home loan rates in the Philippines — with fixed rates starting at 6.50% p.a. Apply through Nook for free and get expert guidance from application to approval.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the Philippines' most trusted home loan lenders, known for competitive rates, reliable processing, and flexible loan structures. Through Nook, you can access BPI's full suite of home loan products — including their 1-year fixed rate at 6.70% p.a. and their popular 5-year fixed rate at 6.50% p.a. — with zero broker fees. Whether you're purchasing a ready-for-occupancy property, refinancing an existing loan, or tapping your home's equity, BPI offers purpose-built products to suit your situation. To see exactly what you'd pay each month, try our BPI housing loan payment calculator.
BPI home loans are open to a wide range of borrowers, including employees in the private sector, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum qualifying income is PHP 40,000 per month, and BPI typically approves loans within 52 days — one of the more efficient timelines among major Philippine banks. Their maximum debt-to-income ratio of 40% is also borrower-friendly, meaning more of your income can be allocated to housing without disqualifying you. For a full breakdown of what you'll need to prepare, see our complete BPI housing loan requirements guide.
If you're currently paying 8% or higher on an existing home loan — whether with BPI or another bank — refinancing could save you hundreds of thousands of pesos over the life of your loan. Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We compare offers across our panel of partner banks, handle the paperwork, and advocate on your behalf so you get the best possible rate. Interest rates are subject to change; we recommend verifying current BPI rates with Nook before making any financial decisions.
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 standard home loans, and a 6.70% p.a. rate for home equity loans. These rates are among the most competitive available from a major Philippine bank, and applying through Nook gives you access to these rates with no broker fees. Note that rates are subject to change — always confirm the latest figures before locking in.
BPI accepts applications from a broad range of borrowers, including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. You'll need a minimum monthly income of PHP 40,000 and must keep your total debt obligations within 40% of your gross monthly income. Filipino citizens and qualified foreign nationals with eligible property may also apply.
BPI home loans can be used for a wide range of purposes: buying a ready-for-occupancy (RFO) home, purchasing a pre-selling property, refinancing an existing home loan, constructing a new home, renovating an existing property, buying a foreclosed property, or accessing your home's equity as cash. This flexibility makes BPI one of the most versatile lenders in the Philippine market.
BPI's typical loan approval timeline is around 52 days from submission of a complete application. The process can move faster if all your documents are in order and there are no issues with the property title or appraisal. Applying through Nook helps streamline the process — our team reviews your documents before submission to minimise back-and-forth with the bank.
If you're currently paying 8% or more on your home loan, refinancing to BPI's 6.50% or 6.70% fixed rate could save you tens of thousands of pesos per year. On a PHP 3,000,000 loan with a 20-year remaining term, the difference between 9% and 6.50% is roughly PHP 4,000–5,000 per month — that's real money back in your pocket. Nook's service is 100% free to borrowers, so there's no cost to finding out how much you could save.
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