BPI offers some of the Philippines' most competitive housing loan rates — starting at 6.50% p.a. for a 5-year fixed term. If you already have a home loan elsewhere, refinancing to BPI through Nook could save you thousands every month.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted names in Philippine home lending, offering housing loans for purchase, construction, renovation, and refinancing. Through its BPI Family Savings Bank arm, borrowers can access fixed rates as low as 6.50% p.a. on a 5-year fixed term or 6.70% p.a. on a 1-year fixed or home equity loan — well below the 8% to 10% rates many homeowners are currently paying on older loans. To understand exactly what your monthly amortization would look like at these rates, try the BPI housing loan calculator to run your own numbers before you apply.
Qualifying for a BPI housing loan is straightforward if you meet the minimum requirements: a monthly income of at least ₱40,000, a debt-to-income ratio no higher than 40%, and standard employment documentation whether you're a private employee, government worker, OFW, BPO professional, or self-employed. BPI accepts a wide range of loan purposes including refinancing, ready-for-occupancy units, pre-selling properties, new construction, renovation, reselling, foreclosed assets, and home equity. For a full breakdown of what documents you'll need to prepare, visit the complete BPI housing loan requirements guide.
When you apply through Nook, the Philippines' first digital mortgage broker, you benefit from a completely free service — Nook's team handles the paperwork, communicates with BPI on your behalf, and helps you compare offers across multiple lenders so you always get the best deal available. Typical approval through BPI takes around 52 days, and Nook keeps you updated at every step. Whether you're a first-time borrower or an existing homeowner looking to refinance a higher-rate loan, applying through Nook is the fastest and most cost-effective way to unlock BPI's current rates. Note: interest rates are subject to change — always verify the latest rates with BPI or through Nook before submitting your application.
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 BPI Family Savings Bank, the current fixed rates are 6.70% p.a. for a 1-year fixed term and 6.50% p.a. for a 5-year fixed term. Home equity loans are also available at 6.70% p.a. These rates are among the most competitive in the Philippine market and are available to qualified borrowers applying through Nook at no cost. Rates are subject to change, so confirm the latest figures before applying.
BPI accepts applications from a wide range of employment types including private employees, government workers, BPO professionals, OFWs and seafarers, self-employed individuals, and licensed professionals. You must have a minimum monthly income of ₱40,000 and a total debt-to-income ratio of no more than 40%. Both Filipino citizens and qualified foreign nationals may apply depending on the property type and ownership structure.
BPI's typical loan approval timeline is approximately 52 days from the submission of complete documents. The process includes credit evaluation, property appraisal, and legal review. Applying through Nook can help speed things up because Nook's team reviews your documents before submission, reducing the chance of delays caused by incomplete requirements.
Yes, refinancing is one of BPI's supported loan purposes. If you're currently paying a rate of 8% or higher on an existing home loan — whether with BDO, Metrobank, Security Bank, or another lender — switching to BPI's 6.50% 5-year fixed rate could significantly reduce your monthly amortization. You can see a full breakdown of potential savings in the BPI home loan interest rates and refinancing guide.
No — Nook's mortgage brokering service is completely free to the borrower. Nook is compensated by the bank upon successful loan disbursement, so you pay nothing extra to get expert guidance, document support, and access to BPI's rates alongside offers from other partner banks. There is no obligation to proceed, and you can use Nook's tools to compare your options before deciding.
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