BPI housing loan rates start at 6.50% p.a. for a 5-year fixed period — and if you're currently paying above that, refinancing through Nook could save you tens of thousands of pesos every year.
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Why this matters
BPI is one of the Philippines' most trusted home loan providers, and for 2026, their housing loan rates remain competitive — with a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a.. Whether you're purchasing a new home, refinancing an existing loan, or tapping your home's equity, BPI offers flexible loan purposes including Ready for Occupancy (RFO) units, pre-selling properties, new construction, renovation, and reselling. Their minimum monthly income requirement of P40,000 makes their loans accessible to a wide range of Filipino borrowers — including salaried employees, BPO workers, OFWs, seafarers, government employees, and self-employed professionals. Before you apply, it's worth reviewing the complete BPI housing loan requirements checklist so you can prepare all your documents in advance and avoid delays.
If you already have an existing home loan — whether with BPI or another bank — and you're currently paying a rate of 8% or higher, refinancing in 2026 could make a significant difference to your monthly budget. Many Filipino homeowners took out loans years ago when rates were higher, and haven't revisited their terms since. With BPI's 5-year fixed rate of 6.50% p.a., refinancing a P3,000,000 loan could reduce your monthly amortisation by thousands of pesos. Over a 20-year remaining term, that kind of saving compounds into real, life-changing money. Nook's free mortgage brokering service makes it easy to compare BPI's rates against other leading banks — so you always know you're getting the best deal available to you.
One of the standout benefits of applying through Nook is that the service is completely free for borrowers. Nook works directly with BPI and other partner banks to secure competitive rates on your behalf, handles the paperwork coordination, and guides you through every step of the process — from initial assessment to loan approval, which typically takes around 52 days with BPI. Whether you're a first-time buyer or looking to refinance, Nook removes the guesswork and gives you a clear picture of what you could save. And if you're interested in bundling green upgrades with your mortgage, you can also explore the BPI solar mortgage option, which lets you finance solar panel installation alongside your home loan. Please note that all interest rates are subject to change — always verify current rates with BPI or through Nook before making a decision.
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
For 2026, BPI 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. These rates apply to a range of loan purposes including refinancing, RFO purchases, new construction, and home equity. Rates are subject to change, so we recommend verifying the latest figures through Nook or directly with BPI before applying.
A 1-year fixed rate locks in your interest at 6.70% p.a. for the first 12 months, after which your rate is repriced based on prevailing market rates. A 5-year fixed rate of 6.50% p.a. gives you more stability — your monthly repayment stays the same for five years, which makes budgeting easier and protects you if rates rise. Most borrowers who plan to stay in their home long-term prefer the 5-year fixed option for its predictability.
BPI accepts applications from a wide range of borrowers, including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. You'll need a minimum monthly income of P40,000 and must meet BPI's standard credit and documentation requirements. For a detailed breakdown of what you'll need to prepare, check the BPI housing loan requirements checklist.
Your savings depend on your current interest rate, remaining loan balance, and term. For example, refinancing a P3,000,000 loan from 8.50% to BPI's 5-year fixed rate of 6.50% on a 20-year term could reduce your monthly payment by over P3,500 — adding up to more than P600,000 in total savings over the life of the loan. Nook's free calculator can give you a personalised estimate based on your actual numbers.
No — Nook's mortgage brokering service is 100% free for borrowers. Nook earns a referral fee from the bank when your loan is approved, so you pay nothing for the guidance, document coordination, or rate comparison. You get access to BPI's rates plus comparisons across multiple other partner banks, all at no cost to you.
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