BPI is one of the Philippines' most trusted home loan providers — but are you getting their best available rate? See how BPI stacks up and how Nook can help you apply or refinance for free.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most established home loan providers in the country, offering competitive rates, flexible terms, and a strong branch network that makes it a popular choice for Filipino homeowners and buyers. Their housing loan products cover a wide range of purposes — from buying a ready-for-occupancy or pre-selling unit, to refinancing an existing loan, to home renovation and equity takeout. Through Nook, you can access BPI Family Savings Bank's current rates starting at 6.50% p.a. for a 5-year fixed term and 6.70% p.a. for a 1-year fixed or home equity loan — among the most competitive rates available in the Philippine market today. For a deeper breakdown of what you'll pay each month at different loan amounts and terms, check out the BPI housing loan calculator guide.
If you already have an existing home loan — whether with BPI or another bank — and you're currently paying a rate above 7%, there's a strong chance refinancing could save you a significant amount every month. A borrower with a 3,000,000 loan balance remaining at 8.50% is paying roughly 26,035 per month. Switching to BPI Family Savings Bank's 5-year fixed rate of 6.50% through Nook brings that monthly payment down to around 22,966 — a saving of over 3,000 per month and more than 700,000 over the remaining loan term. Nook's service is completely free for borrowers, and their team handles the paperwork, bank coordination, and submission on your behalf. For a full checklist of documents you'll need, see the BPI housing loan requirements guide.
Eligibility for a BPI housing loan through Nook is accessible to a wide range of borrowers. You'll need a minimum monthly income of 40,000, and the bank accepts applications from employees in the private sector, government workers, BPO professionals, OFWs and seafarers, self-employed individuals, and licensed professionals. Typical approval takes around 52 days, and the bank applies a maximum debt-to-income ratio of 40% — meaning your total monthly loan obligations should not exceed 40% of your gross monthly income. Whether you're a first-time buyer or looking to reduce your current rate, Nook can match you with the right BPI product and guide you through every step of the process at no cost to you. Please note that interest rates are subject to change — always verify the latest rates directly with the bank or through Nook 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
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., with home equity loans also available at 6.70% p.a. These are among the most competitive home loan rates available in the Philippines right now. Rates are subject to change, so it's worth checking with Nook for the latest confirmed figures before you apply.
BPI Family Savings Bank requires a minimum monthly income of 40,000 for housing loan applicants. This applies across employment types including private employees, government workers, BPO staff, OFWs, self-employed individuals, and licensed professionals. Your total monthly loan obligations — including the new housing loan — must not exceed 40% of your gross monthly income.
The typical approval timeline for a BPI housing loan through Nook is around 52 days from the time a complete application is submitted. This includes document verification, property appraisal, and credit evaluation. Submitting complete and accurate documents from the start is the most effective way to avoid unnecessary delays.
Yes — refinancing is one of the loan purposes supported by BPI Family Savings Bank through Nook. If you're currently paying a rate of 7% or higher with any bank, refinancing to BPI's 5-year fixed rate of 6.50% could reduce your monthly payment significantly. Nook will handle the entire application process on your behalf at no cost to you as the borrower.
BPI Family Savings Bank accepts a broad range of loan purposes through Nook, including the purchase of ready-for-occupancy (RFO) and pre-selling properties, refinancing of existing home loans, home equity or cash-out loans, new construction, renovation, reselling, and foreclosed property purchases. Both house-and-lot and condominium units are generally eligible, subject to the bank's property appraisal and valuation requirements.
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