BPI housing loan rates start at 6.50% p.a. — but if you're on an older loan, you could be paying far too much. Nook helps you refinance for free and lock in a better deal.
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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 a range of housing loan products for purchase, construction, refinancing, and home equity. For 2026, BPI's fixed interest rates are competitive: 6.70% p.a. for a 1-year fixed term and 6.50% p.a. for a 5-year fixed term. These rates apply whether you're buying a ready-for-occupancy property, refinancing an existing loan, or tapping your home equity for renovation or other needs. You can use the BPI housing loan calculator to estimate your monthly payments based on your specific loan amount and term.
The catch for many existing homeowners is that rates reprice periodically — and if your BPI loan was taken out during a higher-rate environment, you may be paying 8% to 10% or more today. Refinancing to a current fixed rate can meaningfully reduce your monthly obligation. On a 3,000,000 loan with 20 years remaining, moving from 8.50% to 6.50% saves over 3,000 pesos every single month. That adds up to more than 550,000 pesos across the remaining life of your loan. If you're unsure whether refinancing makes sense for your situation, Nook's licensed mortgage brokers can assess your current loan and walk you through the numbers at zero cost to you.
Applying for a BPI housing loan or refinancing through Nook means you get the same competitive bank rates — with an expert guiding your application every step of the way. BPI accepts borrowers from a wide range of employment backgrounds, including private employees, government workers, BPO professionals, OFWs, seafarers, and the self-employed, with a minimum monthly income requirement of 40,000 pesos. Typical approval takes around 52 days. Before you apply, it's worth reviewing the complete BPI housing loan requirements checklist so you can prepare your documents in advance and avoid delays. Note that all 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 currently offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. for housing loans. A home equity product is also available at 6.70% p.a. These rates are subject to change, so it's best to confirm the latest figures with BPI directly or through Nook before applying.
Yes — BPI accepts refinancing applications, and if your current rate is above the 6.50%–6.70% range, refinancing could significantly reduce your monthly payment. Nook can help you compare your current loan against BPI's latest rates and handle the entire application process at no cost to you.
BPI's typical loan approval timeline is around 52 days from submission of complete documents. Having all your requirements ready upfront is the best way to avoid delays — you can refer to the complete BPI housing loan requirements guide for a full checklist.
BPI accepts borrowers across a wide range of employment types, including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and professionals. The minimum monthly income requirement is 40,000 pesos, and your total debt obligations should not exceed 40% of your gross monthly income.
Yes, Nook's service is 100% free for borrowers. Nook is compensated directly by the bank, not by you, so you get expert mortgage advice and application support without paying any broker fees. You access the same bank rates you would get applying directly — just with professional guidance throughout the process.
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