BPI housing loan rates for 2026 start at 6.50% fixed for 5 years — but if you took out your loan a few years ago, you could be paying 8% or more. Find out how much you could save by refinancing.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted home loan providers in the Philippines, and their 2026 housing loan rates are genuinely competitive. Through Nook, BPI offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. — making the 5-year lock-in an especially attractive option for borrowers who want payment stability and long-term savings. BPI also offers a Home Equity loan at 6.70% p.a. for homeowners looking to tap into their property's value. These rates apply to a range of loan purposes including refinancing, ready-for-occupancy purchases, pre-selling, new construction, renovation, and reselling. If you want to understand how these rates translate into actual monthly payments, our BPI housing loan calculator guide walks you through the maths step by step.
The challenge most BPI borrowers face isn't getting a loan — it's what happens at repricing time. When your fixed-rate period ends, your bank will offer you a new rate based on prevailing market conditions, which can be significantly higher than what you locked in originally. Many homeowners simply accept the repriced rate without realising they have the right to refinance to a better deal elsewhere — or even back to BPI at a lower rate through a new application. If your current monthly repayment feels higher than it should, it's worth comparing. Nook's platform lets you compare BPI's current refinancing rates against other banks in minutes, completely free of charge.
To qualify for a BPI housing loan in 2026, borrowers need a minimum monthly income of 40,000 pesos and a debt-to-income ratio no higher than 40%. BPI accepts a wide range of employment types — private employees, government workers, BPO staff, OFWs and seafarers, self-employed individuals, and licensed professionals. Typical loan approval takes around 52 days, which is in line with industry standards. Nook acts as your free mortgage broker throughout the process, helping you prepare your documents, submit your application, and negotiate the best available rate — with zero broker fees charged to you.
Note: Interest rates are subject to change without prior notice. 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's current housing loan rates are 6.70% p.a. for a 1-year fixed term and 6.50% p.a. for a 5-year fixed term. BPI also offers a Home Equity loan at 6.70% p.a. Rates are subject to change, so it's always worth checking the latest figures through Nook or directly with BPI before you apply.
The 5-year fixed rate at 6.50% is slightly lower than the 1-year rate at 6.70%, and it gives you five years of payment certainty — which most borrowers find very valuable. If you expect interest rates to fall significantly in the next year or two, a 1-year fix gives you more flexibility to reprice sooner, but you take on more rate uncertainty in exchange.
The easiest way is to check what rate you were repriced to at your last fixing period and compare it against BPI's current rates or the best available rates across all banks. If your rate is above 7.50% or higher, there's a strong chance you could reduce your monthly payment by refinancing. Nook can run a free savings estimate for you based on your current loan balance and remaining term.
Yes, you can refinance your BPI home loan with any participating bank, and in many cases it's financially worthwhile even after factoring in switching costs like documentary stamp tax, appraisal fees, and notarial charges. As a rule of thumb, if you can reduce your interest rate by at least 1 percentage point and you have more than 10 years remaining on your loan, refinancing typically pays off. Nook compares all banks for you so you can see your real net savings before committing.
The standard requirements include government-issued IDs, proof of income (payslips or ITR depending on employment type), proof of billing, and property documents such as the Transfer Certificate of Title (TCT) and tax declaration. OFWs and self-employed applicants have slightly different income document requirements. For a complete checklist tailored to your situation, see our BPI housing loan requirements guide.
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