BPI offers competitive housing loan rates in 2026 — but thousands of Filipino homeowners are still paying 8% or more on loans they took out years ago. Find out if you qualify for a lower rate today.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted names in Philippine home lending, and their 2026 housing loan rates reflect that reputation. BPI Family Savings Bank, a Nook partner, currently offers rates starting at 6.50% for a 5-year fixed term and 6.70% for a 1-year fixed term — making them genuinely competitive for both new borrowers and those looking to refinance. If you took out your home loan more than two or three years ago, however, there's a strong chance your current rate is significantly higher than what's available today. Many homeowners are still locked into rates of 8%, 9%, or even 10% from loan repricing periods they never renegotiated. Refinancing through Nook lets you compare BPI's current offer against other leading banks — all in one place, at no cost to you.
When evaluating BPI's housing loan rates, it's important to understand what you're comparing. The rates advertised are fixed only for the initial period — typically 1 or 5 years — after which your loan reprices to prevailing market rates. This means your monthly payment today may look affordable, but could change significantly at the next repricing date. That's why many savvy borrowers use refinancing as a strategy: locking in a lower fixed rate now can protect you from future rate increases and reduce your total interest cost over the life of the loan. For a deeper look at how BPI structures its rates and what to expect at repricing, see our complete BPI home loan interest rates and refinancing guide.
Applying for a BPI housing loan — whether for a new purchase or a refinance — requires meeting specific income, employment, and documentation requirements. BPI Family Savings Bank requires a minimum monthly income of ₱40,000, accepts a wide range of employment types including private employees, OFWs, self-employed professionals, and government workers, and has a maximum debt-to-income ratio of 40%. Typical approval takes around 52 days, so it pays to start the process early. If you want to make sure your documents are in order before you apply, our complete BPI housing loan requirements checklist walks you through everything you'll need. Through Nook, you can submit one application and get matched with BPI alongside other top banks — giving you real options, not just one offer.
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, a Nook partner bank, 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. These rates apply to qualified borrowers and are subject to change — always confirm the latest rates directly with BPI or through a Nook mortgage advisor before applying.
BPI's rates are competitive within the Philippine market, particularly the 5-year fixed rate of 6.50%, which is close to the best rates currently available through Nook at 5.99% p.a. The best way to find your lowest rate is to compare multiple banks side by side — which is exactly what Nook does for free, submitting your profile to BPI and other leading lenders simultaneously.
Yes — refinancing to BPI is a common strategy for homeowners whose current loan rate is higher than what BPI now offers. BPI accepts refinancing as a loan purpose, and through Nook you can apply to BPI alongside other banks to ensure you're getting the most competitive offer available. The entire broker service through Nook is free to you as the borrower.
BPI Family Savings Bank requires a minimum monthly income of ₱40,000 and a maximum debt-to-income (DTI) ratio of 40%. They accept a wide range of employment types, including private employees, government workers, BPO employees, OFWs and seafarers, self-employed individuals, and licensed professionals. For a full breakdown of documents and eligibility criteria, see our detailed BPI housing loan requirements guide.
BPI Family Savings Bank typically takes around 52 days to process and approve a housing loan application, which is fairly standard among major Philippine banks. Starting your application early — and making sure all your documents are complete — is the best way to avoid delays. Nook's team helps you prepare a clean, complete application to give you the best chance of a smooth and timely approval.
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