BPI housing loan rates start at 6.50% fixed for 5 years — but thousands of Filipino homeowners are still paying 8% or more. Find out if refinancing through Nook can lower your monthly payment for free.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted home loan providers in the Philippines, offering fixed-rate terms of 1 year at 6.70% p.a. and 5 years at 6.50% p.a. — making their 5-year fixed option one of the more competitive rates available to Filipino homebuyers today. Whether you're purchasing a ready-for-occupancy unit, refinancing an existing loan, or tapping your home equity, BPI offers a range of loan purposes for employed professionals, OFWs, self-employed borrowers, and more. To understand exactly what documents you'll need, see our complete BPI housing loan requirements guide.
If you already have a home loan — whether with BPI or another bank — there's a good chance your current interest rate is higher than what's available today. Many homeowners who took out loans between 2018 and 2022 are still locked into rates of 8% to 10%, which can mean paying hundreds of thousands of pesos more than necessary over the life of their loan. Refinancing to BPI's current 5-year fixed rate of 6.50% could significantly reduce your monthly payments and total interest cost. Use our BPI housing loan calculator to model your exact savings based on your outstanding balance and remaining term.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We work with BPI and a network of other leading banks to help you compare offers side by side and apply for the best rate you qualify for — without the paperwork headaches of going direct. BPI's typical approval timeline runs around 52 days, and their minimum monthly income requirement of 40,000 pesos makes them accessible to a broad range of applicants. Note that all interest rates are subject to change; we recommend verifying current rates directly with BPI or through Nook before submitting your 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
BPI 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. They also offer a home equity rate of 6.70% p.a. All rates are subject to change, so it's worth confirming the latest figures with BPI directly or through Nook before you apply.
BPI requires a minimum monthly income of 40,000 pesos to qualify for a housing loan. This applies to a wide range of employment types including private sector employees, government workers, BPO professionals, OFWs and seafarers, self-employed individuals, and licensed professionals.
BPI's typical approval timeline is around 52 days from submission of a complete application. Ensuring your documents are complete and accurate from the start is one of the best ways to avoid delays — our BPI housing loan requirements 2026 guide has a full checklist to help you prepare.
Yes — refinancing is one of the loan purposes BPI accepts, and Nook can help you apply at no cost to you. If your current rate is above 7%, switching to BPI's 5-year fixed rate of 6.50% could meaningfully reduce your monthly repayments and total interest paid over the life of your loan.
Yes, Nook's mortgage brokering service is 100% free to borrowers. Nook is compensated by the bank when your loan is approved, so you get expert guidance, multi-bank comparison, and application support at zero cost. There are no hidden fees and no obligation to proceed after your initial consultation.
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