BPI offers some of the Philippines' most competitive housing loan rates in 2026 — but if you took out your loan a few years ago, you could be paying significantly more than you need to. See how much you could save by refinancing through Nook for free.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted names in Philippine home lending, and its housing loan products remain a top choice for Filipino homebuyers and homeowners in 2026. BPI Family Savings Bank — Nook's partner bank — currently offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a., making it one of the more accessible options for borrowers looking for stability and competitive pricing. Minimum monthly income requirement is P40,000, and BPI accepts a wide range of employment types including private employees, government workers, BPO professionals, OFWs, seafarers, and the self-employed. For a full breakdown of what you'll need to prepare, see our complete BPI housing loan requirements guide.
If you already have a BPI housing loan — or any home loan from another Philippine bank — it's worth checking whether your current interest rate still makes sense in today's market. Many homeowners who took out loans between 2018 and 2022 locked in rates of 8% to 10%, which were standard at the time. With rates now available from as low as 5.99% p.a. through Nook's panel of partner banks, refinancing could reduce your monthly payment by thousands of pesos. Our BPI home loan interest rates guide for 2026 explains how current rates compare and what to expect when you refinance. Typical approval through BPI takes around 52 days, and Nook manages the entire process on your behalf at zero cost to you.
Whether you're applying for a new BPI housing loan or considering refinancing your existing one, Nook simplifies the process by handling bank comparisons, document preparation, and application follow-ups — all for free. As the Philippines' first digital mortgage broker, Nook works with BPI Family Savings Bank and other leading lenders so you always see the best available rate for your situation. Loan purposes covered include refinancing, home equity, new construction, ready-for-occupancy units, pre-selling properties, reselling, and renovation. There's no obligation to proceed, and checking your potential savings takes just a few minutes. Note: Interest rates are subject to change. Please verify current rates 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
Through Nook, 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. A home equity rate of 6.70% p.a. is also available. These rates are subject to change, so it's always best to confirm the latest figures directly through Nook or BPI before you apply.
BPI accepts borrowers from a wide range of employment backgrounds, including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is P40,000, and your total debt obligations (including the new loan) should not exceed 40% of your gross monthly income. For a detailed checklist of requirements, visit our BPI housing loan requirements 2026 guide.
BPI Family Savings Bank typically processes and approves housing loan applications within approximately 52 days from submission of complete documents. Incomplete submissions are the most common cause of delays, so preparing all required paperwork upfront is highly recommended. Nook helps you organise your documents before submission to avoid back-and-forth with the bank.
Yes — if you currently have a BPI housing loan and your fixed-rate period has ended or is about to end, refinancing could significantly lower your monthly payment. Nook will compare your current rate against the best available offers from BPI and other partner banks to find you the most savings. The service is completely free to borrowers, and you're under no obligation to proceed after seeing your options.
A 5-year fixed rate of 6.50% p.a. gives you longer payment stability and is currently slightly lower than the 1-year fixed rate of 6.70% p.a., making it attractive if you value predictability and want protection against potential rate increases. The 1-year fixed option offers more flexibility to reprice sooner if rates drop further. The right choice depends on your financial goals and outlook — Nook's mortgage advisors can help you decide which structure works best for your situation.
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