BPI housing loan interest rates start at 6.50% p.a. for a 5-year fixed term — and if you're currently paying above that, Nook can help you refinance for free.
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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 competitive housing loan rates for purchases, refinancing, renovation, and home equity. As of 2026, BPI's 1-year fixed rate sits at 6.70% p.a. and its 5-year fixed rate at 6.50% p.a. — among the more accessible options in the market for qualified borrowers. If you took out your home loan several years ago at a higher rate, there's a strong chance you're leaving real money on the table every single month. You can use our BPI housing loan calculator to estimate your current payments and what a lower rate could mean for your budget.
Refinancing to BPI — or refinancing your existing BPI loan to a better rate — is a straightforward process when you have the right support. BPI accepts applications from a wide range of borrowers including salaried employees in private and government sectors, BPO workers, OFWs, seafarers, self-employed professionals, and entrepreneurs. The minimum qualifying income is ₱40,000 per month, and BPI typically processes approvals within 52 days. Understanding BPI's housing loan requirements ahead of time is one of the best ways to avoid delays and move through the process smoothly.
Nook is a BSP-accredited digital mortgage broker that works directly with BPI as a partner bank. That means Nook can help you compare BPI's rates alongside other leading Philippine lenders, handle your paperwork, and submit your application — all at absolutely no cost to you. Whether you're refinancing an existing loan or applying for a new BPI housing loan, Nook's specialists will guide you every step of the way. Note that interest rates are subject to change; always verify current rates with BPI or through Nook before making a financial decision.
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's current housing loan rates are 6.70% p.a. for a 1-year fixed term and 6.50% p.a. for a 5-year fixed term. Home equity loans are also available at 6.70% p.a. These rates are subject to change, so it's best to confirm directly with BPI or through Nook before applying.
BPI accepts borrowers who are at least 21 years old at the time of application and not older than 65 at loan maturity. You must have a minimum monthly income of ₱40,000, and BPI accommodates a wide range of employment types including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. Your total monthly debt obligations, including your new housing loan payment, should not exceed 40% of your gross monthly income.
BPI's typical approval timeline is around 52 days from the submission of complete documents. Having all your requirements ready upfront — such as income documents, property papers, and valid IDs — is the single biggest factor in keeping your application on track. Applying through Nook can also help speed things up, as our team reviews your documents before submission to flag any issues early.
Yes — refinancing to BPI is one of the most common requests Nook handles. If you're currently paying a higher rate with another bank, Nook will compare BPI's rates against other partner lenders to find you the best deal, then manage your entire application for free. There are no broker fees charged to borrowers at any point in the process.
It depends on your current rate and remaining loan term. If your existing BPI loan is repricing soon or you locked in at a rate above 7%, refinancing — even within BPI — could reduce your monthly payment significantly. Nook can run the numbers for your specific loan and tell you whether refinancing makes financial sense before you commit to anything. See our BPI refinancing guide for a deeper breakdown of when switching rates pays off.
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