BPI offers competitive fixed-rate housing loans starting at 6.50% p.a. — but if you locked in your rate years ago, you could be paying 8% or more. Here's how to check and what to do about it.
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Why this matters
BPI is one of the Philippines' most trusted home loan providers, and in 2026 they remain a strong choice for both new borrowers and refinancers. Through Nook, BPI Family Savings Bank offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. — some of the most competitive rates available today. These rates apply to a wide range of loan purposes including refinancing, ready-for-occupancy properties, new construction, home equity, and renovation loans. To qualify, borrowers typically need a minimum monthly income of ₱40,000, and approvals generally come through in around 52 days. BPI accepts applications from employees in the private sector, government workers, BPO professionals, OFWs, seafarers, and self-employed individuals.
If you already have an existing BPI housing loan, your repricing date is the moment to act. When your fixed period ends — whether that's 1, 3, or 5 years — your rate resets based on market conditions at that time. Many borrowers who fixed their rates in 2019–2022 are now facing repricings into the 8–10% range. Refinancing before or around that window can lock in today's lower rates and significantly reduce your monthly obligation. Use our housing loan calculator to compare BPI against other banks and see exactly how much you could save based on your specific loan balance and remaining term.
Applying for a BPI housing loan or refinancing through Nook is completely free — Nook is paid by the bank, not by you. Our mortgage specialists will handle the paperwork, coordinate with BPI directly, and help you compare offers across multiple lenders so you always get the best deal available. Whether you're a first-time applicant wondering about BPI's TIN requirements or an existing borrower looking to lower your rate, Nook simplifies the entire process. Note that interest rates are subject to change — always verify the latest rates with Nook or BPI directly before making 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. 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 through Nook or BPI directly before applying.
When your BPI housing loan's fixed-rate period ends, the bank reprices your loan based on prevailing market rates — which can mean a significant increase in your monthly payment. The best time to refinance is 3–6 months before your repricing date, while you still have time to process an application and lock in a new competitive rate. Refinancing through Nook is free, and our team can help you time the switch correctly.
BPI accepts borrowers with a minimum monthly income of ₱40,000, covering a wide range of employment types including private sector employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. The maximum debt-to-income ratio allowed is 40%, meaning your total monthly loan obligations — including the new housing loan — should not exceed 40% of your gross monthly income.
BPI's typical loan approval timeline is approximately 52 days from complete document submission. This covers credit evaluation, property appraisal, and loan documentation. Applying through Nook can help streamline this process since our team ensures your documents are complete and correctly prepared before submission.
Yes — Nook's service is 100% free to borrowers. Nook is compensated directly by the bank upon successful loan release, so there is no broker fee, consultation fee, or hidden charge for you to pay. You get expert mortgage advice, document support, and access to BPI's competitive rates at no cost to you.
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