BPI offers some of the most competitive home loan rates in the Philippines — but if you took out your loan a few years ago, you could be paying up to 3% more than today's best available rate of 5.99% p.a. Nook helps you refinance for 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 Philippines, offering a range of fixed-rate periods to suit different borrowers. For 2026, BPI's published home loan rates start at 6.50% p.a. for a 5-year fixed term and 6.70% p.a. for a 1-year fixed term — making it one of the more competitive banks in the market. However, many existing BPI borrowers are still locked into older rates of 8% to 10% or higher, especially those whose loans were repriced in prior years before rates began to ease. If your BPI loan is coming up for repricing — or if your fixed-rate period has already expired — now is the right time to review your options. You can explore BPI's 2026 home loan interest rates and refinancing guide to understand exactly where you stand.
Refinancing your BPI home loan through Nook means you get access to BPI's latest rates alongside offers from over a dozen other partner banks — all in one free application. Nook's mortgage specialists handle the comparison, paperwork, and bank coordination on your behalf, so you don't pay a single peso in broker fees. For a ₱3,000,000 loan with 20 years remaining, switching from an 8.50% rate to 5.99% p.a. could save you over ₱3,000 every month. That's money back in your pocket — every single month — for the life of your loan. If you're unsure whether you qualify, our team can walk you through the BPI housing loan requirements and assess your eligibility at no cost.
BPI's home loan repricing schedule typically follows your fixed-rate lock-in period — most commonly 1 year or 5 years. When your fixed period ends, your rate reverts to BPI's prevailing rate at that time, which may be higher or lower depending on market conditions. This is the moment many borrowers feel the pain of a sudden increase in their monthly amortization. Being proactive — refinancing before your repricing date — can lock in a lower rate and give you predictability over your monthly budget. Note that interest rates are subject to change; always verify the latest rates directly with BPI or through 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's current home loan rates for 2026 start at 6.50% p.a. for a 5-year fixed term and 6.70% p.a. for a 1-year fixed term. These rates are among the more competitive offerings in the Philippine market, though they are subject to change — always confirm the latest rates with BPI directly or by applying through Nook, where our specialists can provide an up-to-date comparison across multiple banks.
BPI reprices your home loan at the end of your chosen fixed-rate period — typically after 1 year or 5 years. At that point, your loan rate resets to BPI's prevailing rate, which could be higher than your original rate depending on market conditions. This is often the best time to explore refinancing, since you can lock in a new competitive rate — potentially from a different bank — without incurring early termination penalties.
Yes — Nook can help you refinance your existing BPI home loan with another partner bank if a better rate is available, or stay with BPI if they offer the most competitive deal for your profile. Nook's service is completely free to borrowers, and our specialists handle all the comparison, documentation, and coordination so you don't have to. You can start your application online in minutes.
Savings depend on your current rate, remaining loan balance, and the new rate you qualify for. For example, on a ₱3,000,000 loan with 20 years remaining, moving from 8.50% to 5.99% p.a. could save you over ₱3,000 per month — or more than ₱550,000 over the life of the loan. Use Nook's free refinancing assessment to get a personalised savings estimate based on your actual loan details.
To refinance through BPI, you generally need a minimum monthly income of ₱40,000, a debt-to-income ratio of no more than 40%, and an acceptable employment type — including private employees, government workers, OFWs, self-employed professionals, and BPO workers. For a full breakdown of documents and eligibility criteria, see our detailed BPI housing loan requirements guide. Nook can also assess your eligibility for free before you formally apply.
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