BPI offers some of the most competitive housing loan rates in the Philippines — with a 5-year fixed rate of 6.50% p.a. See how much you could save by refinancing your current home loan through Nook, completely free.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the country's most established home loan providers, offering flexible fixed-rate terms and accessible income requirements. In 2026, BPI's housing 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 a genuinely competitive option for Filipino homeowners looking to refinance or purchase a new property. Whether you're employed in the private sector, working as an OFW, or self-employed, BPI's home loan product is designed to serve a wide range of borrowers. You can also explore BPI's full interest rate breakdown and refinancing guide to understand how these rates compare across different repricing periods.
If you're currently paying a rate above 7% on your existing home loan — whether with BPI or another bank — refinancing could put thousands of pesos back in your pocket every month. The average Filipino homeowner paying 9% on a ₱3,000,000 loan over 20 years is spending significantly more than necessary. Through Nook, you can apply to refinance with BPI at no cost to you: no broker fees, no hidden charges, just free expert guidance through the entire process. BPI typically approves applications within 52 days, and their maximum debt-to-income ratio of 40% means many borrowers qualify even with existing financial commitments. For a full breakdown of what documents you'll need, see our complete BPI housing loan requirements guide.
Nook is the Philippines' first digital mortgage broker, and we work directly with BPI as a partner bank. That means we know their current rates, their underwriting preferences, and how to position your application for the best possible outcome. We handle the paperwork, coordinate with the bank on your behalf, and keep you updated every step of the way — all completely free. Whether you're refinancing an existing loan, purchasing a ready-for-occupancy property, or exploring a home equity loan, Nook makes the BPI application process faster and less stressful. Note that interest rates are subject to change; always verify the latest rates 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
BPI offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. for housing loans in 2026. These rates apply to refinancing, purchase, and home equity loan purposes. Rates are subject to change, so we recommend verifying the latest figures directly through Nook or BPI before applying.
BPI requires a minimum monthly income of ₱40,000 and a maximum debt-to-income ratio of 40%. BPI accepts 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 complete checklist of documents and eligibility criteria, visit our BPI housing loan requirements 2026 guide.
BPI's typical approval timeline is around 52 days from submission of a complete application. The process includes document verification, property appraisal, and credit evaluation. Applying through Nook can help streamline this process since we ensure your documents are complete and properly prepared before submission.
If you're currently paying 8% or higher on your home loan, refinancing to BPI's 6.50% fixed rate could save you tens of thousands of pesos per year. On a ₱3,000,000 loan with 20 years remaining, the difference between 9% and 6.50% translates to meaningful monthly savings that compound significantly over time. Nook's service is 100% free to borrowers, so there's no financial risk in exploring your options.
BPI accepts a broad range of loan purposes including refinancing, home equity, new construction, pre-selling units, ready-for-occupancy properties, reselling, and renovation. This makes BPI one of the more flexible lenders in the Philippine market. If you're unsure whether your property or purpose qualifies, Nook can assess your situation and advise you before you apply.
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