BPI housing loan interest rates start at 6.50% fixed for 5 years — and through Nook, you can compare BPI against every major Philippine bank to make sure you're getting the best possible rate on your home loan.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted names in Philippine home lending, offering a range of fixed-rate periods to suit different borrower needs. Their current housing loan rates run from 6.50% for a 5-year fixed term up to 6.70% for a 1-year fixed or Home Equity loan. These are genuinely competitive rates in the Philippine market — but whether BPI is the right fit for you depends on your income profile, employment type, and how long you plan to hold the loan. BPI accepts a wide range of borrowers including private employees, government workers, BPO employees, OFWs, seafarers, self-employed professionals, and business owners, with a minimum monthly income requirement of ₱40,000. Typical approval takes around 52 days, and the maximum debt-to-income ratio is 40%. You can use a BPI housing loan calculator to estimate your exact monthly payments before you apply.
If you already have a home loan — whether with BPI or another bank — and you're paying an interest rate above 7%, there's a strong chance you're leaving money on the table. Many Filipino homeowners took out loans when rates were higher and have never refinanced. Through Nook, you can compare BPI's current rates against other partner banks in minutes, at zero cost to you. Nook's best available refinance rate is currently 5.99% p.a., which on a ₱3,000,000 loan over 20 years translates to meaningful monthly savings that compound significantly over the life of your loan. For a full breakdown of what BPI offers existing borrowers looking to switch, see our guide to BPI home loan refinancing in 2026.
It's important to understand that housing loan interest rates — including BPI's — are subject to change and the rates published here reflect current available information. Always verify the latest rates directly with the bank or through a licensed broker like Nook before making any financial decisions. What Nook does differently is act as your advocate: we submit your profile to multiple banks simultaneously, negotiate on your behalf, and handle the paperwork — all for free. You only pay when your loan settles, and even then, the fee comes from the bank, not from you.
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 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. Their Home Equity loan also carries a rate of 6.70% p.a. These rates are subject to change, so always confirm the latest figures with BPI directly or through Nook before applying.
BPI accepts a broad range of borrowers including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. You'll need a minimum monthly income of ₱40,000 and your total monthly debt obligations must not exceed 40% of your gross monthly income. You can review the full eligibility checklist in our BPI housing loan requirements guide.
BPI's typical loan approval timeline is around 52 days from submission of complete documents. This timeline can vary depending on the complexity of your application, the property type, and how quickly your documents are verified. Applying through Nook means a dedicated specialist helps you prepare a clean, complete application to avoid unnecessary delays.
Yes — if you have an existing home loan with BDO, Metrobank, Security Bank, or any other Philippine bank and you want to switch to BPI for a lower rate, Nook can facilitate that refinance at no cost to you. BPI accepts refinancing as a valid loan purpose, and Nook will compare their offer against other partner banks to make sure you're getting the best available deal. The best refinance rate currently available through Nook is 5.99% p.a.
Yes, Nook's mortgage broker service is completely free for borrowers. Nook is compensated by the bank when your loan settles — similar to how insurance brokers work — so there is no fee charged to you at any stage of the process. You get full broker support, multi-bank comparison, and application assistance without paying anything out of pocket.
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