BPI offers competitive fixed rates starting at 6.50% p.a. for a 5-year fix — but if you haven't reviewed your rate lately, you could be paying 2–3% more than you need to. Nook compares BPI and 10+ other banks for free.
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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 designed to give borrowers payment certainty. For 2026, BPI's published housing loan rates include a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. — among the more competitive options available from a major Philippine bank. However, many existing BPI borrowers are still on older repriced rates that can range from 8% to 10% or higher, especially if their loan has already passed its initial fixed period and rolled into a variable or repriced rate. If you signed your loan agreement three to five years ago and haven't renegotiated since, there's a strong chance you're leaving thousands of pesos on the table every month. You can use the BPI housing loan calculator to estimate what your current payments should look like versus what's available today.
Refinancing your BPI home loan — either back to BPI on better terms or to another partner bank through Nook — is one of the most effective ways to reduce your monthly housing costs without selling your home or shortening your lifestyle. Nook is the Philippines' first digital mortgage broker, and our service is completely free for borrowers. We handle the comparison, documentation, and coordination with lenders on your behalf so you don't have to spend weeks calling banks individually. With Nook's partner bank BPI Family Savings Bank, eligible borrowers can access rates starting at 6.50% for a 5-year fixed term, with approval typically completed within 52 days and a minimum monthly income requirement of just ₱40,000. That makes refinancing accessible even for mid-income households in Metro Manila and key provinces. To understand what documents you'll need before you apply, check out the complete BPI housing loan requirements guide.
When comparing BPI's fixed versus variable rate options, the general rule is: fixed rates offer payment certainty and protection against BSP rate hikes, while variable or shorter-term fixed rates may offer lower initial payments but carry repricing risk. For most Filipino homeowners with 10–20 years remaining on their loan, locking into a 5-year fixed rate in 2026 represents a smart hedge — especially given that global interest rate environments remain uncertain. Whether you're refinancing for a lower rate, accessing your home's equity, or simply reviewing your options, Nook can match you with the best available offer across multiple banks at no cost to you. Note that all interest rates are subject to change; always verify current rates directly with the bank or through Nook before making a financial 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
BPI's current housing loan rates for 2026 include a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. These rates apply to new loan applications and refinancing cases processed through BPI Family Savings Bank. Rates are subject to change, so it's best to verify the latest figures directly with BPI or through Nook before applying.
A repricing schedule refers to the intervals at which your home loan interest rate is reviewed and potentially adjusted by the bank. With BPI, a 1-year fixed rate means your rate stays locked for 12 months, after which it reprices based on prevailing market rates — which could be higher or lower than your original rate. Borrowers on short fixed terms should monitor their repricing dates closely, as a missed opportunity to refinance or renegotiate can result in significantly higher monthly payments.
The right choice depends on your risk tolerance and how long you plan to stay in the property. A 5-year fixed rate at 6.50% gives you five years of stable, predictable payments — ideal if you want to budget confidently without worrying about rate hikes. A 1-year fixed at 6.70% may suit borrowers who expect to pay down their loan quickly or anticipate rates falling further. Nook can help you model both scenarios based on your actual loan balance and remaining term.
Yes — refinancing your existing BPI loan is one of the most common and effective ways to reduce your monthly mortgage payment. You can refinance back to BPI at a new rate or switch to another lender offering a more competitive deal. Through Nook, you can compare offers from BPI Family Savings Bank and other partner banks simultaneously, with a single free application and no broker fees charged to you as the borrower.
BPI Family Savings Bank typically completes home loan approval within approximately 52 days, which includes document verification, property appraisal, and credit evaluation. This timeline can vary depending on how quickly you submit complete requirements and how straightforward your property title is. Working with Nook can help streamline the process, as our team guides you through document preparation to avoid common delays.
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