BPI offers some of the most competitive housing loan rates in the Philippines — with a 5-Year Fixed Rate as low as 6.50% p.a. Find out how much you could save by refinancing through Nook, completely free.
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Why this matters
BPI Family Savings Bank is one of the Philippines' most trusted home loan providers, and in 2026 it remains a top choice for both new borrowers and homeowners looking to refinance. BPI's current housing loan rates start at 6.50% p.a. for a 5-Year Fixed period and 6.70% p.a. for a 1-Year Fixed or Home Equity loan — significantly lower than the 8% to 10% rates many Filipino homeowners are still locked into. If your home loan was taken out three or more years ago, there's a strong chance you're overpaying by thousands of pesos every single month. You can review the BPI home loan requirements checklist to see if you're likely to qualify before you apply.
Refinancing your existing mortgage to BPI through Nook is straightforward and completely free to you as the borrower. Nook acts as your digital mortgage broker — comparing BPI's rates against other partner banks, preparing your application, and managing the process from submission to approval. BPI typically approves home loan applications within 52 days, and accepts a wide range of employment types including private employees, government workers, BPO staff, OFWs, self-employed professionals, and more. The minimum qualifying monthly income is ₱40,000, and the maximum debt-to-income ratio is 40%, which is in line with industry standards. If you're curious about timelines, see our guide on how long BPI home loan approval actually takes.
When comparing BPI housing loan rates for 2026, it's important to choose the right fixed period for your financial situation. A 1-Year Fixed rate gives you the flexibility to reprice sooner, while the 5-Year Fixed option locks in a lower rate for longer — ideal if you want payment certainty and maximum interest savings over time. Nook's free service helps you model both scenarios side by side so you can make the most informed decision. Note that all interest rates quoted are subject to change and you should verify current rates directly with BPI or through Nook at the time of application.
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 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. Home Equity loans are also available at 6.70% p.a. These rates are among the most competitive in the Philippine market and are available through Nook at no cost to you. Rates are subject to change, so confirm the latest figures when you apply.
On a ₱3,000,000 loan with 20 years remaining, moving from an 8.50% rate to BPI's 5-Year Fixed rate of 6.50% could save you over ₱3,700 per month — that's more than ₱44,000 a year in interest savings. Over the full fixed period and beyond, the total savings can be substantial. Use Nook's free refinancing calculator to get a personalised estimate based on your actual loan balance and remaining term.
BPI requires a minimum monthly income of ₱40,000 and a total debt-to-income ratio of no more than 40%. BPI accepts applicants who are privately employed, government employees, BPO workers, OFWs, seafarers, self-employed, or licensed professionals. For a full breakdown of documents and eligibility criteria, check the complete BPI home loan requirements checklist.
If you want a lower locked-in rate with payment certainty for five years, the 5-Year Fixed at 6.50% p.a. is generally the better choice for most refinancers. The 1-Year Fixed at 6.70% p.a. is useful if you expect rates to drop further or plan to sell or pay off your property within a few years. Nook can help you model both options based on your goals before you commit.
Yes — Nook's mortgage brokerage service is 100% free for borrowers. Nook is compensated directly by partner banks like BPI when a loan is successfully placed, so there are no broker fees, processing fees, or hidden charges on your end. You get expert guidance, rate comparisons across multiple banks, and end-to-end application support at no cost.
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