BPI offers some of the most competitive housing loan rates in the Philippines — but if you have an older loan, you could be paying up to 2% more than today's best rates. Refinancing through Nook lets you access BPI's 6.50% 5-year fixed rate at zero broker cost.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the country's most trusted home loan providers, and in 2026 it continues to offer fixed-rate housing loans that are among the most competitive on the market. Through Nook, qualified borrowers can access BPI Family Savings Bank's 1-year fixed rate of 6.70% p.a. or its popular 5-year fixed rate of 6.50% p.a. — giving you years of payment stability while keeping your monthly amortization low. These rates apply to refinancing, ready-for-occupancy purchases, reselling, renovation, home equity, and new construction loans.
Many Filipino homeowners locked in their BPI housing loans several years ago when rates were considerably higher — often between 8% and 10%. If that describes you, refinancing to a current BPI rate through Nook could reduce your monthly amortization by thousands of pesos. On a 3,000,000 loan with 20 years remaining, switching from an 8.50% rate to the 6.50% 5-year fixed rate saves approximately 3,684 per month — that's over 44,000 per year back in your pocket, with no broker fee charged to you at any stage.
To qualify for a BPI housing loan refinance, you typically need a minimum monthly income of 40,000 and a debt-to-income ratio of no more than 40%. BPI accepts borrowers from a wide range of employment types, including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. Approval typically takes around 52 days, and Nook's mortgage specialists will guide you through every document and step — completely free of charge. Note that all interest rates are subject to change; always verify the latest rates with your Nook advisor before proceeding.
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 eligible borrowers. A home equity loan rate of 6.70% p.a. is also available. Please note that interest rates are subject to change, so we recommend confirming the latest rates with a Nook advisor before applying.
A fixed rate locks your interest rate — and therefore your monthly amortization — for a defined period (1 year or 5 years with BPI), giving you full payment predictability during that window. After the fixed period ends, the loan reprices based on prevailing market rates at that time. A variable rate, by contrast, can move up or down more frequently in line with benchmark rates, which means your payments may fluctuate — potentially lower or higher than your starting rate.
BPI Family Savings Bank accepts applicants with a minimum monthly income of 40,000 and a maximum debt-to-income ratio of 40%. Eligible employment types include private and government employees, BPO workers, OFWs and seafarers, self-employed individuals, and licensed professionals. Nook's advisors can quickly assess your eligibility and help you prepare the right documents for a smooth application.
BPI's typical approval timeline for a housing loan or refinancing application is around 52 days from submission of complete requirements. Incomplete documents are the most common cause of delays, which is why working with Nook's team — who know exactly what BPI requires — can help keep your application on track. Nook's service is 100% free to borrowers.
If your current BPI loan rate is 8% or higher, refinancing to today's 6.50% five-year fixed rate could save you thousands of pesos every month over the life of your loan. On a 3,000,000 balance with 20 years remaining, the switch translates to savings of roughly 44,208 per year. Nook can run a personalised comparison for your specific loan so you can see the exact numbers before making any decision — at no cost to you.
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