BPI offers some of the most competitive housing loan rates in the Philippines — but if you locked in before 2024, you could be paying 2% to 4% more than necessary. Nook helps you compare and refinance for free.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted home loan providers in the country, offering fixed-rate periods of 1, 2, 3, 5, and 10 years. For 2026, BPI Family Savings Bank — a Nook partner — offers a 1-year fixed rate of 6.70% p.a. and a highly competitive 5-year fixed rate of 6.50% p.a., making it one of the strongest options for both new borrowers and homeowners looking to refinance. Minimum monthly income requirement is ₱40,000, and BPI accepts a wide range of employment types including private employees, government workers, OFWs, seafarers, BPO professionals, and the self-employed. Typical loan approval takes around 52 days. You can use our BPI housing loan calculator to estimate your exact monthly amortization based on your outstanding balance and remaining term.
If your existing BPI mortgage was repriced or originated a few years ago, there is a strong chance your current rate sits between 8% and 10% — well above what is available in today's market. Refinancing your home loan to a lower fixed rate can reduce your monthly amortization by thousands of pesos and save you hundreds of thousands over the life of your loan. Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We compare BPI and other leading Philippine banks on your behalf to find the lowest rate you qualify for. To understand exactly what documents you'll need before applying, visit our complete BPI housing loan requirements guide.
Whether you are refinancing an existing mortgage, purchasing a ready-for-occupancy unit, financing a renovation, or unlocking equity from your home, BPI Family Savings Bank offers loan purposes to match your needs. Interest rates are subject to change without prior notice — always verify the latest rates directly with BPI or through Nook before making any financial decisions. Nook's advisors will walk you through your options, handle the paperwork, and submit your application at no cost to you.
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. for home loans including refinancing, purchase, and home equity purposes. Rates are subject to change, so it is best to check with Nook or BPI directly for the most current pricing before you apply.
If your current mortgage rate is 8.50% and you refinance a ₱3,000,000 balance to 6.50% over 20 years, you could reduce your monthly payment by roughly ₱3,828 — that is over ₱45,000 in savings every year. Total interest savings over the full remaining loan term can easily exceed ₱600,000 depending on your balance and how many years remain.
BPI Family Savings Bank accepts applicants with a minimum monthly income of ₱40,000, covering a wide range of employment types: private employees, government workers, BPO professionals, OFWs and seafarers, self-employed individuals, and licensed professionals. The maximum debt-to-income ratio allowed is 40%, meaning your total monthly loan obligations — including the new housing loan — should not exceed 40% of your gross monthly income.
BPI Family Savings Bank's typical approval timeline is around 52 days from submission of a complete application. Preparing all your documents in advance significantly reduces delays — you can review the full checklist in our BPI housing loan requirements guide. Applying through Nook means a dedicated advisor reviews your documents before submission, reducing back-and-forth with the bank.
Yes — Nook's mortgage brokerage service is 100% free to the borrower. Nook earns a referral fee from the bank, not from you, so there are no hidden charges or broker fees added to your loan. You get access to BPI's rates plus comparisons with other leading Philippine banks, all without paying anything extra.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →