BPI housing loan rates for 2026 start at 6.50% p.a. — but through Nook, you could refinance to as low as 5.99% p.a. and save thousands every month.
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Why this matters
BPI Family Savings Bank is one of the Philippines' most trusted home loan providers, offering fixed-rate periods of 1 year at 6.70% p.a. and 5 years at 6.50% p.a., with home equity loans also available at 6.70% p.a. These rates are competitive by Philippine banking standards — but if you took out your BPI housing loan a few years ago, there's a strong chance you're currently being charged between 8% and 10% p.a. after your initial fixed period expired and your loan was repriced. That gap between what you're paying now and what's available today could mean tens of thousands of pesos lost every year. To see exactly how much your monthly payments could be, try the BPI housing loan calculator to model your current versus potential new payments.
Refinancing your BPI home loan through Nook is completely free — Nook is the Philippines' first digital mortgage broker, and the service costs borrowers nothing. Nook works with BPI Family Savings Bank and other leading Philippine banks to find you the lowest available rate based on your profile. BPI Family Savings Bank accepts borrowers with a minimum monthly income of ₱40,000, and caters to a wide range of employment types including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. With a typical approval timeline of around 52 days and a maximum debt-to-income ratio of 40%, BPI is a genuinely accessible option for many Filipino homeowners looking to reduce their monthly burden. If you want to know exactly what documents you'll need, the complete BPI housing loan requirements checklist covers everything from income documents to property papers.
The best time to refinance is before your current fixed-rate period ends — once your loan reprices to a higher variable rate, you're immediately paying more than you need to. Whether your loan is currently with BPI or another bank entirely, Nook can compare live rates across multiple lenders and submit your application digitally, saving you time and the hassle of visiting multiple bank branches. Interest rates are subject to change and borrowers should verify current rates directly with BPI Family Savings Bank 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
BPI Family Savings Bank's current fixed rates are 6.70% p.a. for a 1-year fixed period and 6.50% p.a. for a 5-year fixed period. Home equity loans are also available at 6.70% p.a. These rates are among the more competitive offerings in the Philippine market and are available through Nook at no cost to the borrower.
Repricing is when your home loan's interest rate is adjusted — typically at the end of your fixed-rate period — to reflect current market rates, which are often higher. For example, if you locked in a low rate 3 or 5 years ago, your rate may have recently reset to 8%, 9%, or even higher. Refinancing before or shortly after repricing is the most effective way to lock in a lower rate again.
Yes — you can refinance an existing BPI housing loan either within BPI or to another bank through Nook. If your current rate is above 6.50%, refinancing could meaningfully reduce your monthly payment. Nook compares rates across multiple partner banks simultaneously, so you can be confident you're getting the best available offer for your situation.
BPI Family Savings Bank requires a minimum monthly income of ₱40,000 and accepts a wide range of employment types, including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. The maximum allowable debt-to-income ratio is 40%, meaning your total monthly loan obligations — including the new home loan — should not exceed 40% of your gross monthly income.
BPI Family Savings Bank's typical approval timeline is approximately 52 days from submission of a complete application. Applying through Nook can help streamline this process since Nook's team guides you through document preparation and submission to minimise back-and-forth with the bank. Having all required documents ready — as outlined in the BPI housing loan requirements 2026 guide — is the single biggest factor in faster approval.
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