BPI offers competitive home loan rates starting at 6.50% fixed for 5 years — but through Nook, you can compare BPI against every major bank and refinance for as low as 5.99% p.a., 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 fixed-rate packages for 1-year and 5-year terms. For 2026, BPI's published home loan rates are 6.70% for a 1-year fixed and 6.50% for a 5-year fixed — genuinely competitive rates, especially for borrowers with stable income and good credit standing. However, if your existing BPI mortgage was taken out several years ago, there's a strong chance you're still locked into a rate of 8% to 10%, which means you could be overpaying by thousands of pesos every single month. You can use the BPI housing loan calculator to estimate what your current payments should look like at today's rates.
Refinancing your BPI home loan — whether you stay with BPI or move to another lender — is the most effective way to reduce your monthly amortization without changing your home or your lifestyle. Through Nook, the Philippines' first digital mortgage broker, you can compare BPI's 2026 rates side-by-side with offers from BDO, Metrobank, Security Bank, RCBC, and more — all in one place, with zero broker fees. Nook's service is 100% free to borrowers. Our licensed advisors handle the paperwork, coordinate with the banks, and negotiate on your behalf so you don't have to. For a complete breakdown of what documents you'll need to get started, see our BPI housing loan requirements guide.
Eligibility for a BPI home loan in 2026 requires a minimum monthly income of ₱40,000, and BPI accepts a wide range of employment types — including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. BPI's maximum debt-to-income (DTI) ratio is 40%, and typical loan approval takes around 52 days. Whether you're looking to refinance an existing loan, fund a renovation, or tap your home equity, BPI's 2026 product lineup covers all major purposes. Note that interest rates are subject to change — always verify current rates directly with BPI or through a Nook advisor before making a financial decision.
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 home loan rates for 2026 are 6.70% p.a. for a 1-year fixed term and 6.50% p.a. for a 5-year fixed term. Their Home Equity loan rate is also 6.70% p.a. These rates are among the most competitive offered by a major Philippine bank, though they are subject to change — always confirm the latest figures with BPI directly or through a Nook advisor.
Yes — if your current BPI mortgage was taken out more than 2-3 years ago, there's a good chance your rate is significantly higher than what BPI or other banks are offering today. Refinancing allows you to reset your loan at a lower rate, reducing your monthly amortization immediately. Nook can help you compare BPI's refinancing offer against other banks at no cost to you.
On a ₱3,000,000 loan with 20 years remaining, moving from an 8.50% rate to 5.99% p.a. through Nook could save you over ₱3,900 per month — that's more than ₱47,000 per year and potentially over ₱700,000 across the life of your loan. Use our savings calculator above to estimate your own potential savings based on your actual loan balance and remaining term.
BPI requires a minimum monthly income of ₱40,000 and a maximum debt-to-income ratio of 40%. They accept borrowers from a wide range of employment types, including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. For a full list of required documents, visit our BPI housing loan requirements 2026 guide.
Nook is a licensed mortgage broker that compares BPI's home loan rates alongside offers from every major bank in the Philippines — completely free of charge to the borrower. Once you submit your details, a Nook advisor will match you with the best available rate, prepare your documents, and manage the entire application process until approval. There are no broker fees, no hidden charges, and no obligation to proceed.
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