BPI housing loan rates start at 6.50% fixed for 5 years — and if you're on an old repriced rate, you could be paying thousands more than you need to every single month.
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Why this matters
BPI is one of the Philippines' most trusted home loan lenders, and in 2026 their published fixed rates remain competitive — starting at 6.50% p.a. for a 5-year fixed period and 6.70% p.a. for a 1-year fix or home equity loan. But here's what many BPI borrowers don't realise: the rate you locked in when you first took out your loan is almost certainly higher than what's available today. After your initial fixed period ends, BPI reprices your loan based on prevailing market rates at that time — which in many cases pushed borrowers onto rates of 8%, 9%, or even higher. That gap between your current rate and today's best available rate is costing you real money every month.
Refinancing your BPI housing loan — either back to BPI or to another lender through Nook — lets you reset to a fresh fixed period at today's lower rates. For a 3,000,000 peso loan with 20 years remaining, moving from 8.50% down to 6.50% translates to over 3,800 pesos saved every month. That's more than 45,000 pesos a year staying in your pocket instead of going to the bank. Before you consider refinancing, it's worth understanding BPI's income and document requirements so you know exactly what to prepare.
Nook is a Nook partner bank, which means we can help you apply directly for a BPI home loan or refinance at no cost to you whatsoever. Our brokers compare BPI's rates against the full panel of Philippine lenders — BDO, Metrobank, Security Bank, RCBC, and more — so you always know you're getting the most competitive offer available. There are no broker fees, no hidden charges, and no obligation to proceed. Whether you're approaching a BPI repricing date or simply want to know if you're on the best rate possible, Nook gives you a clear, unbiased picture. Note that all interest rates are subject to change — we recommend verifying current rates directly with BPI or through Nook before making any 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's published rates in 2026 start at 6.50% p.a. for a 5-year fixed period and 6.70% p.a. for a 1-year fixed or home equity loan. These rates apply to new loan applications and refinancing, subject to credit assessment and BPI's lending criteria. Always confirm the latest rates with BPI directly or through Nook, as rates are subject to change.
When your BPI fixed-rate period ends — whether that's after 1, 2, 3, or 5 years — BPI reprices your loan based on the prevailing market rate at that time. If market rates have risen since you first borrowed, your monthly payment will increase, sometimes significantly. This is why many borrowers who took out loans during higher-rate periods find themselves paying 8% to 10% today, and why refinancing at today's lower rates can unlock substantial savings.
Yes — you are not locked into BPI for the life of your loan, and switching lenders at refinancing is completely normal in the Philippines. Through Nook, you can compare BPI's rates against other major banks and choose whichever lender offers the best deal for your situation. Nook's service is 100% free to borrowers, so there's no cost to exploring your options.
BPI requires a minimum monthly income of 40,000 pesos and accepts borrowers from a wide range of employment types including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and licensed professionals. For a full breakdown of the documents you'll need, see our complete 2026 checklist for salaried and self-employed applicants. BPI's maximum debt-to-income ratio is 40%, meaning your total monthly loan obligations should not exceed 40% of your gross monthly income.
BPI's typical loan approval timeline is around 52 days from submission of a complete application. This covers credit evaluation, property appraisal, and legal due diligence. Applying through Nook can help speed up the process because our team prepares and reviews your documents before submission, reducing the chance of delays due to missing or incorrect paperwork.
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