BPI housing loan rates start at 6.50% p.a. for a 5-year fixed term — but if you took out your loan a few years ago, you could be paying significantly more. Compare and refinance for free through Nook.
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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 housing loans for a range of purposes including purchase, refinancing, renovation, and home equity. Through Nook, qualified borrowers can access BPI Family Savings Bank's current rates — 6.70% p.a. for a 1-year fixed term and 6.50% p.a. for a 5-year fixed term — with a streamlined digital application process and a dedicated broker guiding you every step of the way. If you already have a BPI housing loan or are currently with another bank, it's worth checking whether refinancing could lower your monthly payments. Most Filipino homeowners with loans taken out between 2018 and 2022 are still locked into rates of 8% to 10%, meaning there may be meaningful savings on the table. Use the BPI housing loan calculator to estimate your current versus potential monthly payment.
Eligibility for a BPI housing loan is straightforward. You'll need a minimum monthly income of 40,000 pesos, a debt-to-income ratio no higher than 40%, and a stable employment record — BPI accepts private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. Loan purposes covered include ready-for-occupancy (RFO) properties, pre-selling units, reselling, new construction, foreclosed properties, renovation, and refinancing. Typical approval takes around 52 days from submission of complete documents. For a full breakdown of what you'll need to prepare, see the complete BPI housing loan requirements guide.
Applying through Nook is completely free — Nook earns from the bank, not from you. Our mortgage brokers will assess your loan profile, identify the best available rate across our partner bank network, and handle coordination with BPI on your behalf. Whether you're a first-time applicant or looking to refinance an existing loan, Nook simplifies the process and helps you avoid common pitfalls that delay approval. Please note that interest rates are subject to change — the figures shown here reflect current published rates and should be verified at the time of application.
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 currently offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. Home equity loans are also available at 6.70% p.a. These rates are subject to change, so we recommend verifying the latest figures when you apply.
BPI accepts applicants who are private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. You'll need a minimum monthly income of 40,000 pesos and a total debt-to-income ratio of no more than 40%. Both Filipino citizens and qualified non-resident Filipinos may apply.
Typical approval time for a BPI housing loan is around 52 days from the date of complete document submission. Delays most commonly occur when documents are incomplete or when property appraisal takes longer than expected. Applying through Nook helps reduce back-and-forth by ensuring your documents are properly prepared before submission.
Yes — refinancing is one of the primary loan purposes supported by BPI Family Savings Bank through Nook. If you're currently paying a higher rate (whether with BPI or another bank), Nook will assess your situation and determine whether refinancing makes financial sense for you. The service is 100% free to borrowers.
The 5-year fixed rate (6.50% p.a.) is slightly lower than the 1-year fixed rate (6.70% p.a.) and gives you longer payment stability — making it a popular choice for homeowners who want predictable monthly expenses. The 1-year fixed rate may suit borrowers who anticipate refinancing or selling within the short term. A Nook mortgage broker can help you decide based on your financial goals.
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