BPI HOUSING LOAN RATES 2026

Every Fixed Period, One Clear Answer
Overpaying Your Bank?

By the Nook Editorial Team · Reviewed to Nook's editorial standards

BPI offers housing loan rates starting at 6.50% p.a. (5-year fixed) — but most Filipino homeowners are still paying 7% to 10% on older loans. Here's what you need to know, and how to pay less.

YOUR POTENTIAL MONTHLY SAVINGS

8.50%
Your likely rate
5.99%
Best available
₱3,069
estimated monthly savings on a ₱3,000,000 loan

No commitment. No credit check. Just your numbers.

2,400+
Homeowners helped
₱9.2K
Avg. monthly savings
15
Partner banks
100%
Free service

Why this matters

Your bank is counting on you not checking.

BPI (Bank of the Philippine Islands) is one of the most trusted home loan providers in the country, and for 2026, their housing loan rates remain competitive across all fixed-rate periods. The 1-year fixed rate is 6.70% p.a. and the 5-year fixed rate is 6.50% p.a. — making the longer fixed term the better deal if you want payment stability. These rates apply to standard residential purchases, refinancing, renovation, home equity, and pre-selling or RFO properties. If you're comparing options across lenders, it helps to read Nook's complete BPI refinancing guide which breaks down how BPI's rates stack up against the broader market.

One detail many borrowers overlook is what happens at repricing — the point when your current fixed period ends and your rate resets. If you took out a BPI loan several years ago on a 1-year fixed term, your rate may have been repriced multiple times, and you could now be paying significantly above today's market rate. This is exactly when refinancing makes the most sense. By switching to a new 5-year fixed rate at 6.50%, you lock in a lower payment for five years and avoid the uncertainty of annual resets. If you want to see how your monthly repayments would change, the BPI housing loan calculator guide walks through sample amortizations for different loan amounts and terms.

BPI accepts applications from a wide range of borrowers — including private employees, government workers, BPO staff, OFWs, seafarers, self-employed professionals, and more. The minimum qualifying income is 40,000 per month, and typical loan approval takes around 52 days. Applying through Nook is completely free — we submit your application directly to BPI (and compare it against other partner banks) so you get the best available rate without paying broker fees. Interest rates are subject to change; always confirm the latest figures with BPI or through Nook before submitting your application.

The monthly numbers on a ₱3,000,000 balance

Current payment at 8.50% ₱26,035
Refinanced payment at 5.99% ₱22,966
Monthly savings ₱3,069
Annual savings ₱36,828
Total savings over remaining term ₱552,420

Three steps. No paperwork until you decide.

1

Check your rate (60 seconds)

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.

2

Talk to a Nook consultant (15 minutes)

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.

3

Nook handles everything

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

What Filipino homeowners and property buyers researching BPI housing loan rates for 2026 ask us.

What is BPI's housing loan interest rate in the Philippines for 2026?

BPI's current housing loan rates for 2026 are 6.70% p.a. for a 1-year fixed period and 6.50% p.a. for a 5-year fixed period. These rates apply to new purchases, refinancing, and other residential loan purposes. Rates are subject to change, so it's best to verify the latest figures directly through Nook or BPI before applying.

What is the difference between a 1-year and 5-year fixed rate at BPI?

With a 1-year fixed rate, your interest rate is locked for only 12 months before it reprices — meaning your monthly payment could go up or down based on prevailing market rates. A 5-year fixed rate locks in your payment for five years, giving you more stability and, at BPI's current rates, a slightly lower rate of 6.50% versus 6.70%. Most borrowers who want predictability prefer the 5-year fixed option.

Who qualifies for a BPI housing loan in 2026?

BPI accepts applications from private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is 40,000, and BPI's maximum debt-to-income ratio is 40%. For a full checklist of required documents, see our BPI housing loan requirements guide.

Should I refinance my existing home loan to BPI in 2026?

If your current home loan rate is above 7%, refinancing to BPI's 6.50% (5-year fixed) could meaningfully reduce your monthly payment and total interest paid over the remaining loan term. The decision depends on your remaining balance, loan term, and any fees involved in switching. Nook can run a free comparison for you to see if the savings justify a refinance.

How long does BPI housing loan approval take, and is applying through Nook free?

BPI's typical loan approval timeline is around 52 days from submission of complete documents. Applying through Nook is 100% free — we act as your mortgage broker at no cost to you, helping you prepare your application and submit it to BPI and other partner banks simultaneously. There are no broker fees, no hidden charges, and no obligation to proceed.

Every month you wait costs you ₱3,069.

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