BPI offers some of the most competitive housing loan rates in the Philippines — with a 5-Year Fixed Rate of 6.50% p.a. Apply through Nook for free and see how much you could save every month.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted names in Philippine home lending, and its 2026 housing loan rates reflect that reputation. Through Nook, qualified borrowers can access BPI's 1-Year Fixed Rate of 6.70% p.a. or its popular 5-Year Fixed Rate of 6.50% p.a. — both significantly lower than the 8% to 10% rates many Filipino homeowners are still paying on older loans. Whether you're buying a ready-for-occupancy unit, refinancing an existing home loan, or tapping your home equity, BPI supports a wide range of loan purposes with a minimum monthly income requirement of just ₱40,000.
If you already have a home loan — with BPI or any other bank — refinancing to BPI's current rates could cut your monthly amortization by thousands of pesos. On a ₱3,000,000 outstanding balance with 20 years remaining, moving from a 9.00% rate to BPI's 5-Year Fixed at 6.50% reduces your monthly payment by over ₱4,600. Over the life of the loan, that's a significant sum back in your pocket. Nook handles the entire application process on your behalf at zero cost to you, giving you access to BPI and multiple other partner banks so you can compare and choose the best offer. You can also review the BPI home loan approval timeline so you know exactly what to expect at each stage.
BPI's typical approval takes around 52 days, and the bank accepts a broad range of employment types — including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. Before you apply, it helps to prepare your documents in advance. Check the complete BPI housing loan requirements checklist to make sure you have everything ready. Note that all interest rates quoted are indicative and subject to change — always confirm the latest rates with Nook or BPI directly before finalising your 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
Through Nook, BPI's current indicative rates are 6.70% p.a. for a 1-Year Fixed period and 6.50% p.a. for a 5-Year Fixed period. A Home Equity loan rate of 6.70% p.a. is also available. These rates are subject to change, so it's best to apply through Nook to get a confirmed, up-to-date offer.
A 5-Year Fixed rate locks in your monthly payment at 6.50% for five full years, giving you payment stability and protection if rates rise — and right now it's actually lower than BPI's 1-Year Fixed rate of 6.70%. If you prefer flexibility and plan to sell or refinance again within a year or two, the 1-Year Fixed may suit you better. Nook can walk you through both scenarios with side-by-side calculations.
Yes — refinancing is one of the primary loan purposes BPI supports, and it's one of the most common reasons homeowners use Nook. If you're currently paying 8% or higher with any bank, refinancing to BPI's 6.50% 5-Year Fixed could save you thousands of pesos per month. Nook submits your application to BPI (and other partner banks) simultaneously so you can compare real offers before deciding.
BPI requires a minimum monthly income of ₱40,000 for housing loan applicants. This applies to a wide range of employment types including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and licensed professionals. Your debt-to-income ratio must also be within BPI's maximum DTI threshold of 40%.
Yes, Nook's service is completely free to the borrower — there are no broker fees, no application fees, and no hidden charges for using the platform. Nook earns a referral fee from the bank only when your loan is successfully disbursed, which means Nook is motivated to find you the best possible rate. You get professional mortgage guidance at no cost to you.
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