BPI offers some of the most competitive housing loan rates in the Philippines — but Nook borrowers can access even better deals by comparing BPI against every major bank in one free application.
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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 fixed-rate periods of 1, 3, 5, and 10 years on housing loans. For 2026, BPI Family Savings Bank — Nook's partner bank — is offering a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a., making it one of the more competitive options for Filipino homeowners looking to buy or refinance. If you're currently paying 8% or higher on your existing home loan, the math strongly favors making a move now. You can check how long BPI's approval process actually takes so you can plan your refinancing timeline with confidence.
Most Filipino homeowners who took out loans between 2018 and 2022 are locked into rates between 7.5% and 10%, often without realizing how much that costs them over a 20-year term. On a 3,000,000-peso loan at 8.50%, you'd pay roughly 26,035 pesos per month. At BPI's 5-year fixed rate of 6.50% through Nook, that drops to around 22,966 pesos — saving you over 3,000 pesos every single month. Over the life of a 15-year remaining term, that compounds into hundreds of thousands of pesos in total interest savings. Before applying, it's worth reviewing the full BPI housing loan requirements checklist to make sure your documents are in order.
What makes Nook different is that we do the bank shopping for you — completely free of charge. Rather than approaching BPI (or any single bank) on your own and accepting whatever rate they offer, Nook submits your profile to multiple partner banks simultaneously and presents you with the best match. BPI Family Savings Bank is among our partners precisely because of its strong rates, accessible minimum income requirement of 40,000 pesos per month, and support for a wide range of loan purposes including refinancing, home equity, renovation, and ready-for-occupancy purchases. There's no broker fee, no obligation, and no hidden charges — just a smarter way to find your best rate. Note: Interest rates are subject to change. Please verify current rates 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
Through Nook, BPI Family Savings Bank is offering a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. as of 2026. These rates apply to refinancing, purchase, and home equity loans, subject to credit evaluation and BPI's standard terms. Always confirm the latest rates directly with BPI or through Nook, as rates are subject to change.
On a 3,000,000-peso loan with 20 years remaining, switching from 8.50% to 6.50% reduces your monthly payment by roughly 3,069 pesos — that's over 36,000 pesos saved in the first year alone. Over a full 15-year remaining term, total interest savings can exceed 550,000 pesos. Your actual savings will depend on your current rate, remaining balance, and loan term.
BPI is widely regarded as one of the top home lenders in the Philippines, known for its financial stability, wide branch network, and competitive fixed-rate products. BPI Family Savings Bank in particular has accessible income requirements (minimum 40,000 pesos per month) and supports a broad range of loan purposes including refinancing, renovation, and pre-selling properties. It's a strong choice, especially when accessed through a free broker like Nook that ensures you're getting BPI's best available offer.
BPI typically offers fixed-rate repricing periods of 1, 3, 5, and 10 years, after which your rate adjusts to the prevailing market rate at repricing. The 5-year fixed option at 6.50% is popular among refinancers who want rate stability without committing to a longer lock-in. Choosing the right fixed period depends on your financial goals and how long you plan to hold the property.
Yes — Nook is an accredited digital mortgage broker that works directly with BPI Family Savings Bank, among other major Philippine lenders. You submit one application through Nook, and we match you with the best bank and rate for your profile, completely free of charge. There are no broker fees, no obligations, and Nook handles the coordination so you don't have to deal with multiple banks on your own.
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