BPI offers some of the most competitive housing loan rates in the Philippines — but if you locked in years ago, your current rate could be costing you thousands every month. Compare BPI's 2026 fixed rates and find out if refinancing could save you more.
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Why this matters
BPI is one of the Philippines' most trusted home loan providers, and in 2026 their fixed rates remain highly competitive. Through Nook, BPI Family Savings Bank offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. — both well below the 8% to 10% rates many existing borrowers are still paying after multiple repricing cycles. If your loan was originated more than two years ago or has already been repriced upward, there's a strong chance you're overpaying compared to what's available today. Use the BPI housing loan calculator to get a clearer picture of what your monthly payments should look like at current rates.
Understanding BPI's repricing schedule is critical. Most BPI housing loans reprice at the end of their fixed-rate period — typically 1, 2, 3, or 5 years — and the new rate is based on prevailing market conditions at that time, not your original rate. Borrowers who took out loans when rates were lower in 2019–2021 have often seen their repriced rates jump significantly. Refinancing through Nook resets your rate to today's best available offer, and because Nook is a free broker service, you pay nothing to compare, apply, or switch. BPI Family Savings Bank also accepts a wide range of employment types including private employees, government workers, BPO staff, OFWs, seafarers, self-employed professionals, and more — making it accessible to a broad range of Filipino borrowers.
Before deciding whether BPI is the right lender for your refinance, it helps to compare across multiple banks simultaneously. Nook's panel includes leading Philippine banks, so you can see competing offers side by side without filling out multiple applications. BPI Family Savings Bank has a typical approval timeline of around 52 days, a minimum monthly income requirement of 40,000, and a maximum debt-to-income ratio of 40% — reasonable benchmarks for most homeowners with an existing loan in good standing. For a full breakdown of what you'll need to prepare, see the complete BPI housing loan requirements guide. Note that all interest rates are subject to change — always verify current rates directly with the bank or through Nook before proceeding.
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 Family Savings Bank is currently offering a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. for home loan refinancing. These rates are subject to change, so it's best to check with Nook or directly with BPI for the latest figures before you apply.
A fixed rate locks your interest rate for a set period — typically 1, 2, 3, or 5 years — giving you predictable monthly payments during that term. After the fixed period ends, your loan reprices to a variable rate based on market conditions at the time, which can be higher or lower than your original rate. Choosing a longer fixed period offers more stability but may come with a slightly different rate than a shorter term.
BPI reprices home loans at the end of each fixed-rate period you selected when you took out the loan. If you chose a 1-year fix, your rate is reviewed annually; a 5-year fix gives you five years of rate certainty before repricing. Many borrowers find that their repriced rate is significantly higher than their original rate, which is one of the most common reasons to consider refinancing.
Yes — you can refinance an existing BPI loan to another bank on Nook's panel, or refinance from another bank to BPI Family Savings Bank. Nook is a free mortgage broker service, meaning there's no fee to compare rates, get a recommendation, or complete your application. The broker fee is covered by the bank, not the borrower.
BPI Family Savings Bank requires a minimum monthly income of 40,000 and a debt-to-income ratio no higher than 40%. The bank accepts a wide range of employment types including private sector employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. For a complete checklist of documents and eligibility criteria, visit the BPI housing loan requirements 2026 guide.
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