BPI housing loans offer competitive rates starting at 6.50% fixed for 5 years — and if you're an existing homeowner, refinancing through Nook could save you over 58,000 a year at no cost to you.
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Why this matters
BPI is one of the Philippines' most trusted names in home financing, and for good reason. Through Nook, you can access BPI Family Savings Bank's housing loan products — including a 5-year fixed rate of 6.50% p.a. and a 1-year fixed rate of 6.70% p.a. — with no broker fees and no runaround. Whether you're buying a ready-for-occupancy unit, financing a new construction, or looking to tap your home equity, BPI offers loan purposes that cover almost every homeowner need. Minimum monthly income requirement starts at P40,000, making it accessible to a wide range of private employees, government workers, BPO professionals, OFWs, and the self-employed. For a full breakdown of what documents you'll need, see our complete BPI housing loan requirements checklist.
If you already have an existing home loan — whether with BPI or another bank — there's a strong case for reviewing your rate right now. Most Filipino homeowners are still paying between 7% and 10% interest, often on loan packages they took out years ago when refinancing wasn't top of mind. Refinancing to BPI's current rates through Nook could meaningfully reduce your monthly payment and free up thousands of pesos every year. Our BPI housing loan calculator lets you model your exact savings in minutes. Typical loan approval takes around 52 days, and Nook manages the entire process on your behalf — from bank comparison to submission — completely free of charge.
Applying for a BPI housing loan through Nook means you get the bank's competitive rates plus the guidance of a dedicated mortgage broker who knows BPI's requirements inside out. Nook's panel includes multiple partner banks, so if BPI isn't the best fit for your situation, we'll tell you — and point you to the lender that is. There's no obligation, no hidden fees, and no pressure. Just a faster, smarter path to homeownership or a lower monthly repayment. Note that all interest rates are subject to change; please verify current rates directly 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. Home equity loans are also available at 6.70% p.a. These rates are subject to change, so we recommend confirming the latest figures through Nook or directly with BPI before you apply.
BPI accepts applications from a broad range of employment types, including private-sector employees, government workers, BPO staff, OFWs and seafarers, self-employed individuals, and licensed professionals. You'll need a minimum monthly income of P40,000 and must meet BPI's standard credit and age requirements. Nook can help you assess your eligibility before you formally apply.
BPI's typical approval timeline is around 52 days from complete document submission. Incomplete applications are the most common cause of delays, which is why Nook prepares and reviews your full document package before submission. A well-prepared application gives you the best chance of hitting that timeline.
Yes — refinancing is one of BPI's supported loan purposes, and it's one of the most popular reasons homeowners come to Nook. If your current rate is above 7%, switching to BPI's 5-year fixed rate of 6.50% could reduce your monthly payment significantly. You can check our BPI home loan interest rates and refinancing guide to understand the full picture before deciding.
No — Nook's service is completely free for borrowers. Nook is compensated by the bank when your loan is successfully approved, so you receive full broker support, document preparation, and bank comparison at zero cost. There are no hidden charges at any stage of the process.
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