BPI housing loan interest rates start at 6.50% p.a. for a 5-year fixed term — and through Nook, you could refinance for free and cut your monthly repayment significantly.
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Why this matters
BPI Family Savings Bank is one of the Philippines' most trusted home loan providers, offering competitive fixed-rate packages that give borrowers payment certainty. In 2026, BPI's housing loan rates start at 6.50% p.a. for a 5-year fixed term and 6.70% p.a. for a 1-year fixed term or home equity loan. These rates are among the most competitive available from a major Philippine bank — but if you took out your home loan a few years ago, there's a strong chance you're still paying a rate well above these levels. Many existing borrowers are locked into rates of 8% to 10%, quietly paying thousands of pesos more than they need to every single month. If that sounds familiar, it's worth finding out whether refinancing makes sense for you. You can use our BPI housing loan calculator to see exactly what your monthly payments would look like at today's rates.
Refinancing through Nook works by matching you with the best available offer from our panel of partner banks — which includes BPI Family Savings Bank — based on your loan balance, income, and property details. The entire process is 100% free to you as the borrower; Nook earns a referral fee from the bank, not from you. BPI accepts applications from a wide range of employment types including private employees, government workers, BPO staff, 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%. Whether you're refinancing an existing loan, unlocking home equity, or purchasing a new property, BPI has a product designed for your situation. For a full breakdown of what documents and eligibility criteria you'll need, see our complete BPI housing loan requirements guide.
The key question most homeowners ask is simple: how much could I actually save? On a ₱3,000,000 loan with 20 years remaining, moving from a rate of 8.50% down to 6.50% reduces your monthly payment by over ₱3,500 — that's more than ₱42,000 saved in the first year alone. Over the life of the loan, the difference compounds into hundreds of thousands of pesos. Even borrowers who think their current rate is «okay» are often surprised when they see the numbers. Nook makes it easy to find out in minutes, with no obligation and no cost. Please note that interest rates are subject to change — always verify current rates with BPI or through your Nook adviser 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
BPI Family Savings 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. Home equity loans are also available at 6.70% p.a. These rates are subject to change, so it's best to confirm the latest figures directly with BPI or through a Nook adviser.
A 5-year fixed rate locks in a lower rate of 6.50% for longer, giving you more payment certainty and protection against future rate increases — making it the better choice for most borrowers who value stability. A 1-year fixed rate at 6.70% offers slightly more flexibility if you expect to sell or refinance again in the near term. Your Nook adviser can help you model both scenarios based on your specific situation.
BPI accepts applications from private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and licensed professionals. You'll need a minimum monthly income of ₱40,000 and your total debt obligations should not exceed 40% of your gross monthly income. See our BPI housing loan requirements guide for 2026 for the full checklist.
BPI Family Savings Bank typically takes around 52 days from complete submission of documents to loan approval. Submitting a complete and accurate application upfront is the most effective way to avoid delays. Nook's team reviews your documents before submission to help ensure everything is in order.
No — Nook's service is completely free for borrowers. Nook earns a referral fee paid by the bank when your loan is successfully processed, so you get expert guidance and access to multiple lender offers at zero cost to you. There are no hidden charges, and you're under no obligation to proceed after getting your personalised rate comparison.
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