BPI housing loan rates start at 6.50% p.a. — if you're paying more, Nook can help you refinance for free and save thousands every year.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted home loan providers in the Philippines, offering competitive fixed-rate packages for new purchases, construction, and refinancing. In 2026, BPI housing loan interest rates start at 6.50% p.a. for a 5-year fixed term and 6.70% p.a. for a 1-year fixed term — among the most competitive in the market. If you took out a home loan several years ago at a higher rate, you could be significantly overpaying every single month compared to what BPI (and other lenders) offer today.
Refinancing your existing home loan to a lower rate is one of the most effective ways to reduce your monthly expenses without changing your lifestyle. For a ₱3,000,000 loan balance with 20 years remaining, moving from a rate of 8.50% to BPI's 5-year fixed rate of 6.50% could lower your monthly payment by over ₱3,800 — that's more than ₱46,000 in savings every year. Over the full remaining term, the difference adds up to hundreds of thousands of pesos. You can explore your options further on our BPI housing loan refinance page to see how much you could save with Nook.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We work directly with BPI and other leading Philippine banks to find you the best available rate for your situation — handling the comparison, paperwork coordination, and bank liaison on your behalf. BPI accepts applications from employees in the private sector, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals, with a minimum monthly income requirement of ₱40,000. Typical approval takes around 52 days. To understand the full picture of what BPI requires, visit our BPI home loan requirements guide. Note that interest rates are subject to change — always verify the latest rates before applying.
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 currently 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, including refinancing. These are among the most competitive rates available in the Philippine market right now. Rates are subject to change, so it's best to confirm the latest figures directly through Nook or BPI before submitting your application.
BPI accepts applications from a wide range of borrowers including private and government employees, BPO workers, OFWs and seafarers, self-employed business owners, and licensed professionals. The minimum monthly income requirement is ₱40,000, and your total debt obligations should not exceed 40% of your gross monthly income. Filipino citizens and qualified foreign nationals with eligible properties may apply.
BPI's typical approval timeline is around 52 days from complete document submission. The process includes credit evaluation, property appraisal, and legal document review. Applying through Nook can help streamline this process since our team ensures your documents are complete and correctly prepared before submission.
Yes — BPI actively accepts home loan refinancing applications from borrowers with existing loans at other banks, and refinancing is one of their supported loan purposes. If your current rate is above 6.50%, refinancing to BPI's 5-year fixed package could meaningfully reduce your monthly payments. Nook will compare BPI's offer alongside other lenders to make sure you're getting the best deal available.
Yes, Nook's service is 100% free to borrowers — there are no broker fees, no hidden charges, and no obligation to proceed. Nook is compensated by the banks, not by you. You get access to multiple lender options, rate comparisons, and full application support without paying anything extra on top of your loan.
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