BPI offers some of the most competitive home loan rates in the Philippines — starting at 6.50% fixed for 5 years. See how much you could save by applying or refinancing through Nook, completely free.
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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, and for good reason. Their housing loan products come with competitive fixed rates — 6.70% for a 1-year fix and 6.50% for a 5-year fix — making them a strong choice for both new borrowers and homeowners looking to refinance. BPI accepts a wide range of borrower types, including salaried employees in private companies, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum qualifying monthly income is ₱40,000, and BPI typically processes approved applications in around 52 days. Whether you're buying a ready-for-occupancy unit, refinancing an existing loan, or funding a renovation, BPI has a loan purpose to match. You can explore BPI's full housing loan requirements to see exactly what documents you'll need before applying.
One of the smartest moves a homeowner can make is comparing their current rate against what's available today. Many Filipinos are still repaying loans at rates between 8% and 10% — rates that made sense when they first borrowed, but are now significantly higher than what BPI and other lenders are offering in 2026. Refinancing to a 6.50% fixed rate on a ₱3,000,000 loan with 20 years remaining could reduce your monthly payment by thousands of pesos. Over the life of the loan, that adds up to hundreds of thousands in total interest savings. Use our BPI housing loan calculator to model your exact numbers before you apply.
Applying through Nook gives you an important advantage: we're a licensed mortgage broker, so we help you prepare your application, match you with the right BPI product, and submit on your behalf — at zero cost to you. Nook's service is 100% free for borrowers. We're paid by the bank when your loan is approved, which means our incentive is always to get you the best possible outcome. With BPI's 52-day typical approval timeline, starting your application now means you could be enjoying a lower monthly payment within two months. Note that all interest rates are subject to change; always confirm the latest rates directly with BPI or through your Nook advisor 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
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 housing loans. These rates apply to both new purchases and refinancing, though your final rate may vary depending on loan amount, term, and credit profile. Interest rates are subject to change, so we recommend verifying the latest rates with Nook or directly with BPI before applying.
BPI accepts a broad range of borrower profiles, including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. You'll need a minimum monthly income of ₱40,000 and must meet BPI's maximum debt-to-income ratio of 40%. Check our complete BPI housing loan requirements guide for a full breakdown of eligibility criteria and required documents.
BPI's typical approval timeline is around 52 days from the time a complete application is submitted. Incomplete documents are the most common cause of delays, so preparing your requirements thoroughly before submission can help speed things up. Applying through Nook means you'll have a dedicated advisor who reviews your documents before they go to the bank.
Yes — refinancing to BPI is one of the most popular reasons borrowers come to Nook. If your current loan is at 8% or higher, switching to BPI's 5-year fixed rate of 6.50% could significantly reduce your monthly repayments. Nook handles the entire refinancing process on your behalf, and the service is completely free for borrowers.
BPI housing loans can be used for a wide range of purposes, including purchasing ready-for-occupancy (RFO) properties, pre-selling units, resale homes, new construction, foreclosed properties, home renovation, and home equity (cash-out refinancing). This makes BPI a flexible option whether you're a first-time buyer, upgrading your home, or unlocking equity you've already built up.
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