BPI housing loan interest rates start from 6.50% p.a. (5-year fixed) — and if you're still on an old rate above 8%, you could be paying thousands more than you need to every single month.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the Philippines' most trusted home loan providers, and their 2026 housing loan rates are among the most competitive in the market. Through Nook, you can access BPI Family Savings Bank's current fixed rates — 6.70% p.a. for a 1-year fix and 6.50% p.a. for a 5-year fix — with no broker fees charged to you. Whether you're buying a new home or looking to refinance an existing home loan to a lower BPI rate, understanding where rates currently sit is the essential first step.
Many Filipino homeowners took out their mortgages when rates were significantly higher, or have seen their repricing lock-in period expire — leaving them on a standard variable rate that could be 8% or above. By refinancing to BPI's current fixed terms, a borrower with a 3,000,000 outstanding balance and 20 years remaining could realistically save over 3,800 pesos every month. Over the life of the loan, that adds up to hundreds of thousands of pesos staying in your pocket. You can model your own scenario using the BPI housing loan calculator before you even speak to anyone.
BPI Family Savings Bank accepts a wide range of borrower profiles including private employees, government workers, BPO employees, OFWs, seafarers, self-employed professionals, and business owners. The minimum qualifying income is 40,000 pesos per month, and the maximum debt-to-income ratio allowed is 40%. Typical loan approval takes around 52 days, and Nook's team guides you through every document and requirement at zero cost to you. Note that all interest rates are subject to change — always verify the latest rates directly with the bank or through Nook before making a 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. for home loans including refinancing. These rates are subject to change, so we recommend verifying the latest figures through Nook or directly with BPI before submitting your application.
A 5-year fixed rate of 6.50% gives you longer payment certainty and a slightly lower rate, which is ideal if you want predictable monthly budgeting over the medium term. A 1-year fix at 6.70% offers flexibility to reprice sooner if rates fall, but comes with more short-term uncertainty. Your Nook advisor can help you weigh both options based on your financial goals.
BPI Family Savings Bank requires a minimum monthly income of 40,000 pesos to qualify for a home loan. This applies to a range of employment types including private employees, government workers, BPO staff, OFWs, seafarers, and self-employed professionals. Your total monthly debt obligations — including the new loan payment — must not exceed 40% of your gross monthly income.
BPI Family Savings Bank typically processes and approves home loan applications within approximately 52 days from submission of complete documents. Incomplete submissions are one of the most common causes of delays, so it's worth using a checklist — Nook provides a full guide to BPI housing loan requirements to help you prepare everything before you apply.
No — Nook's service is completely free for borrowers. Nook is the Philippines' first digital mortgage broker, and the platform earns through the bank, not through fees charged to you. You get access to BPI's competitive rates, professional guidance on your application, and help preparing your documents, all at no cost.
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