BPI housing loan interest rates start at 6.50% fixed for 5 years — and if you're currently paying more, Nook can help you refinance for free and potentially save thousands 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 their housing loan rates for 2026 are genuinely competitive. The 1-year fixed rate sits at 6.70% p.a. while the more popular 5-year fixed option comes in at 6.50% p.a. — giving borrowers medium-term certainty on their monthly payments. BPI also offers a home equity loan at 6.70% p.a. for homeowners who want to unlock the value already built up in their property. If you want to see exactly how these rates translate into monthly payments for your specific loan balance, the BPI housing loan calculator guide walks through sample computations in detail.
Of course, knowing the posted rate is only half the story. What matters most is the rate you're actually paying right now — and for many Filipino homeowners, that number is considerably higher than 6.50%. If your loan was taken out several years ago or repriced after an initial fixed period, there's a strong chance your current rate is somewhere between 7% and 10%. That gap translates directly into money leaving your pocket every single month. Refinancing replaces your existing loan with a new one at a lower rate, reducing your monthly amortisation and freeing up cash for everything else in your life. To understand what documents you'll need to get started, check out the complete BPI housing loan requirements guide.
Nook is the Philippines' first digital mortgage broker, and our service is completely free for borrowers. We work with BPI Family Savings Bank and other leading lenders to find you the most competitive refinancing offer available — handling the comparison, paperwork coordination, and bank follow-ups on your behalf. BPI Family Savings Bank requires a minimum monthly income of P40,000, accepts a wide range of employment types including OFW, self-employed, and BPO workers, and typically completes approvals in around 52 days. Please note that interest rates are subject to change — always verify the latest figures directly with the bank 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 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. A home equity loan rate of 6.70% p.a. is also available. These rates are subject to change, so we recommend confirming the latest figures with BPI or through Nook before applying.
The 5-year fixed rate of 6.50% is slightly lower than the 1-year fixed at 6.70%, and it gives you five full years of payment certainty before your loan reprices. If you value budget stability and expect interest rates to stay flat or rise over the next few years, the 5-year fixed is generally the smarter choice for most borrowers.
Yes — refinancing to BPI Family Savings Bank is one of the most popular options on the Nook platform. Nook compares BPI's rates against other partner banks to ensure you're getting the best deal available, and the entire broker service is free for borrowers. You simply apply once and Nook handles the coordination from there.
BPI Family Savings Bank requires a minimum monthly income of P40,000 and a maximum debt-to-income ratio of 40%. They accept borrowers from a wide range of employment backgrounds including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. For a full checklist of documents required, see the detailed BPI housing loan requirements guide.
On a P3,000,000 loan with 20 years remaining, dropping from 9.00% to 6.50% reduces your monthly payment by roughly P4,832 — that's nearly P58,000 per year and over P869,000 across the remaining loan term. Your actual savings will depend on your current rate, outstanding balance, and remaining term, but Nook can calculate a personalised estimate for free when you apply.
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