BPI offers some of the most competitive housing loan rates in the Philippines — but if you're still on an old fixed rate or about to hit repricing, you could be paying thousands more than you need to. Nook helps you lock in BPI's best 2026 rates for free.
TYPICAL BPI REFINANCE SAVINGS
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Why this matters
BPI Family Savings Bank is one of the Philippines' most trusted home loan providers, and in 2026 their rates remain among the most competitive in the market. Their 1-year fixed rate sits at 6.70% p.a. and their popular 5-year fixed rate is 6.50% p.a. — giving borrowers the choice between short-term flexibility and medium-term rate security. A Home Equity loan option is also available at 6.70% p.a. for homeowners who want to unlock the value already built up in their property. BPI accepts a wide range of borrower profiles including private employees, government workers, BPO employees, OFWs and seafarers, self-employed professionals, and business owners — with a minimum monthly income requirement of just P40,000. If you want to understand exactly how these rates translate into monthly payments on your specific loan amount, the BPI housing loan calculator guide walks you through the numbers step by step.
One of the most important things BPI borrowers need to understand is repricing. When your initial fixed-rate period ends — whether that's 1, 3, or 5 years — your loan reprices to whatever the prevailing rate is at that time. For many Filipinos who took out loans between 2018 and 2023, that repriced rate can be significantly higher than what they originally signed up for. This is exactly the moment when refinancing makes the most sense: you can either reprice within BPI or switch to a new loan that locks in today's lower rates. With Nook, you can compare BPI's current refinance offer against other partner banks to make sure you're getting the absolute best deal available. The entire broker service is 100% free to you as the borrower.
Whether you're a first-time refinancer or you've been through repricing before, the process can feel complicated. BPI's typical approval timeline is around 52 days, and their maximum debt-to-income ratio is 40% — meaning your total monthly debt obligations (including your new housing loan payment) should not exceed 40% of your gross monthly income. For a full breakdown of what documents and eligibility criteria are involved, see the complete BPI housing loan requirements guide. Nook's mortgage advisors can walk you through everything and submit your application on your behalf — at no cost to you. Please note that all interest rates quoted are subject to change; always verify the latest rates directly 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 Family Savings Bank currently offers a 1-year fixed rate of 6.70% p.a., a 5-year fixed rate of 6.50% p.a., and a Home Equity rate of 6.70% p.a. These are among the most competitive rates available from a major Philippine bank in 2026. Rates are subject to change, so it's best to confirm the latest figures through Nook or directly with BPI before you apply.
Repricing happens at the end of your fixed-rate period — for example, after your 1-year or 5-year fixed term expires — and your loan is reassigned a new interest rate based on current market conditions. If rates have risen since you took out your loan, your monthly payment will increase, sometimes significantly. This repricing date is the ideal time to review whether refinancing with BPI or switching to another bank through Nook could save you money.
It depends on what rate BPI offers you at repricing versus what other banks are willing to lend at. BPI's rates are competitive, but other Nook partner banks may offer a lower rate or better terms depending on your loan balance, income, and property type. Nook compares options across multiple banks for you at no charge, so you can make a confident, data-driven decision rather than just accepting whatever rate BPI assigns at repricing.
BPI accepts a broad range of borrower types including private employees, government workers, BPO employees, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is P40,000, and your total monthly debt obligations must not exceed 40% of your gross monthly income (the maximum DTI ratio). BPI finances multiple loan purposes including refinancing, home equity, renovation, new construction, pre-selling, RFO, reselling, and foreclosed properties.
BPI's typical approval timeline is around 52 days from complete document submission. Working with Nook means your application is prepared and checked by an experienced mortgage broker before it's submitted, reducing the chance of delays caused by missing or incorrect documents. Nook's service is completely free to borrowers — the bank pays the broker fee — so there's no downside to letting Nook manage the process on your behalf.
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