BPI offers fixed housing loan rates starting at 6.50% p.a. for a 5-year fix — but most existing borrowers are still paying 8% to 10% after repricing. Here's what you need to know, and how to fix it.
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Why this matters
BPI is one of the Philippines' most trusted home loan providers, and for good reason — they offer competitive fixed rates, a streamlined application process, and broad eligibility across employment types including OFWs, self-employed professionals, and government workers. For 2026, BPI's 1-year fixed rate stands at 6.70% p.a. and their popular 5-year fixed rate is 6.50% p.a., making them one of the more competitive options in the market. If you're applying for a new loan, these are genuinely attractive rates worth considering. You can use our BPI housing loan calculator to estimate your monthly payments based on your loan amount and preferred term.
The problem, however, isn't new BPI borrowers — it's existing ones. When a fixed-rate period ends, BPI reprices your loan to a variable rate tied to their benchmark, which can push your rate to 8%, 9%, or even higher depending on market conditions at the time of repricing. Many homeowners don't realise this is happening, or don't know they have options. If you locked in a 1-year fixed rate in 2023 or 2024, there's a strong chance you've already been repriced — and you could be significantly overpaying every month. Refinancing to a new fixed rate, whether staying with BPI or switching to another lender through Nook, could lock in a lower rate and give you predictable payments for years ahead.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We work with BPI Family Savings Bank and other partner lenders to find you the lowest available rate for your situation — without the paperwork headaches of going bank-to-bank yourself. Whether you want to refinance your existing BPI loan or benchmark it against the market, Nook gives you a clear picture and handles the legwork. Check our complete BPI refinancing guide for 2026 to understand your options in full. Interest rates are subject to change — always verify current rates directly with the bank or through Nook before making a decision.
How it works
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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 home loans in 2026. These rates apply to new loan applications and refinancing, and are among the more competitive rates available from a major Philippine bank. Always confirm the latest rates directly with BPI or through Nook, as rates are subject to change.
When your fixed-rate period expires, BPI will reprice your loan to a variable rate based on their prevailing benchmark at that time — which is often significantly higher than your original fixed rate. Many borrowers find themselves paying 8% to 10% or more after repricing without realising it. Refinancing before or shortly after repricing is one of the most effective ways to lock in a lower rate again.
Check your latest BPI loan statement for your current interest rate, then compare it against BPI's published fixed rates of 6.50% to 6.70% for 2026. If you're paying more than 7.5%, you're likely on a repriced variable rate and could benefit from refinancing. Nook can run a free savings comparison for you in minutes.
Yes — Nook works with BPI Family Savings Bank as a partner lender, meaning you can refinance your existing home loan and potentially access BPI's competitive 2026 rates without going through the application process alone. Nook's service is 100% free to borrowers; we're paid by the lender. We handle the paperwork, comparison, and coordination so you don't have to.
To qualify for refinancing through BPI Family Savings Bank, you'll generally need a minimum monthly income of ₱40,000, a good credit history, and a debt-to-income ratio of no more than 40%. BPI accepts a wide range of employment types including private employees, government workers, OFWs, and self-employed professionals. For a full checklist, see our BPI housing loan requirements guide.
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