BPI offers competitive housing loan rates starting at 6.50% fixed for 5 years — but if you took out your loan years ago, you could be paying far more. Nook helps you refinance for free and find the best rate available today.
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Why this matters
BPI is one of the Philippines' most trusted home loan providers, offering a range of fixed-rate terms to suit different borrowers. In 2026, BPI's housing loan rates start at 6.50% for a 5-year fixed term and 6.70% for a 1-year fixed term — among the more competitive options in the market. However, if your loan was approved two, five, or even ten years ago, your current interest rate could be significantly higher than what's available today. Many Filipino homeowners are still paying between 8% and 10% simply because they haven't explored refinancing. That gap in rate translates directly into thousands of pesos wasted every single month. You can use the BPI housing loan calculator to see exactly what your payments look like at different rates.
Refinancing with BPI — or switching to BPI from another bank — can be a powerful way to reduce your monthly amortisation and free up cash for other priorities. BPI accepts a wide range of borrower profiles including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and professionals, with a minimum monthly income requirement of 40,000 pesos. Loan purposes covered include refinancing, home equity, renovation, new construction, pre-selling, RFO, reselling, and foreclosed properties. Typical approval takes around 52 days, and BPI caps debt-to-income ratio at 40%, which is standard across most Philippine banks.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We work with BPI and other leading banks to match you with the lowest rate you qualify for — without you having to call multiple banks or submit paperwork to each one separately. Whether you're looking to understand BPI's housing loan requirements or ready to lock in a better rate today, Nook handles the comparison and coordination on your behalf. Interest rates are subject to change — verify current rates with BPI or through Nook before making any financial decisions.
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 currently offers a 1-year fixed rate of 6.70% per annum and a 5-year fixed rate of 6.50% per annum for housing loans. These rates apply to new loan applications and refinancing, though your final rate may vary based on your loan amount, tenure, and credit profile. Always confirm the latest rates directly with BPI or through Nook, as rates are subject to change.
BPI's 5-year fixed rate of 6.50% is competitive against most major Philippine banks, many of which offer 5-year fixed rates ranging from 6.50% to 7.50% depending on the product and borrower profile. The best way to compare is to let Nook run a free multi-bank match for you — we check BPI alongside other partner banks so you can see side-by-side which offer suits your situation best.
Once your fixed-rate period expires, your BPI loan typically transitions to a repriced rate based on prevailing market conditions at that time. This repriced rate could be higher or lower than your original fixed rate, depending on where interest rates are in the market. Many borrowers use the end of their fixed period as an opportunity to refinance and lock in a new competitive rate.
Yes — Nook partners directly with BPI and can help you refinance your current home loan, whether it's with BPI or another bank. Our service is 100% free to you as the borrower, and we handle the rate comparison, document coordination, and bank liaison on your behalf. BPI's minimum monthly income requirement for refinancing is 40,000 pesos, and they accept private employees, OFWs, self-employed individuals, and more.
BPI's typical loan approval timeline is around 52 days from submission of complete documents. Preparing your requirements thoroughly before submission is the best way to avoid delays — you can review the full checklist on our BPI housing loan requirements guide. Nook helps you organise your documents upfront so your application is complete from day one.
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