BPI is one of the Philippines' most trusted home loan providers — but are you getting the best rate available? Nook helps you check BPI's requirements, compare rates across banks, and apply for free.
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Why this matters
BPI Family Savings Bank is a Nook partner bank and one of the most competitive home loan lenders in the Philippines. For 2026, BPI offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. — making it a strong option whether you prefer short-term flexibility or longer-term payment stability. To qualify, you'll need 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, the self-employed, and licensed professionals. Loan purposes covered include refinancing, home equity, new construction, pre-selling, RFO, reselling, and renovation — giving you flexibility at every stage of homeownership.
If you already have an existing home loan — whether with BPI or another bank — it's worth asking whether you're still on a competitive rate. Many Filipino homeowners are locked into rates of 8% to 10% from loans taken out several years ago, and BPI housing loan refinancing through Nook could significantly reduce your monthly payments. With Nook's free broker service, we submit your application to BPI and other partner banks simultaneously, so you get the best offer without the legwork. Typical BPI approval takes around 52 days, and our team guides you through every document and step along the way.
Whether you're buying your first home, refinancing an existing loan, or unlocking equity for renovations, understanding BPI's housing loan options is the first step to making a smarter financial decision. Use the savings calculator on this page to estimate what you could save by switching to a lower rate, then start your free application with Nook today. Interest rates are subject to change — always verify current rates with BPI or through a Nook advisor 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
To qualify for a BPI home loan, you'll generally need to be a Filipino citizen (or foreign national married to one), between 21 and 65 years old at loan maturity, and earning a minimum monthly income of ₱40,000. BPI accepts applicants from a broad range of employment backgrounds including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. You'll also need to submit supporting documents such as valid IDs, proof of income, and property documents.
BPI Family Savings Bank 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, with a home equity rate also at 6.70% p.a. These are among the more competitive rates in the market, especially on the 5-year fixed option which gives you payment predictability over a longer period. Note that rates are subject to change, so it's best to confirm the latest rates directly with BPI or through a Nook advisor.
Yes — refinancing is one of the loan purposes explicitly supported by BPI Family Savings Bank through Nook. If you're currently paying a higher rate with BPI or another bank, you may be able to switch to BPI's current rates and significantly reduce your monthly payments. Nook's free service handles the comparison and application process for you, making it easy to find out if refinancing makes financial sense for your situation.
BPI's typical home loan approval timeline is around 52 days from the time a complete application is submitted. The process includes credit evaluation, property appraisal, and document verification, so having all your paperwork in order from the start helps avoid delays. When you apply through Nook, our team reviews your documents before submission to make sure everything is complete and accurate.
No — Nook's service is completely free for borrowers. We are a licensed mortgage broker paid by the bank upon successful loan disbursement, so you never pay us a fee at any stage of the process. You get expert guidance, multi-bank comparison, and hands-on application support at zero cost to you.
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