BPI housing loan interest rates start at 6.50% p.a. (5-Year Fixed) — but if you took out your loan years ago, you could be paying 8% or more. Nook helps you compare and 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 financing, and its housing loan products remain competitive in 2026. Through Nook, BPI Family Savings Bank offers a 1-Year Fixed rate of 6.70% p.a. and a 5-Year Fixed rate of 6.50% p.a. — among the sharper rates available in the market today. BPI accepts a wide range of borrowers including private and government employees, BPO workers, OFWs, seafarers, self-employed professionals, and more, with a minimum monthly income requirement of P40,000. Loan purposes covered include refinancing, home equity, new construction, pre-selling, RFO, reselling, and renovation. You can use the BPI housing loan calculator to estimate your monthly payments before you apply.
If you took out your home loan several years ago — whether with BPI or another bank — there's a good chance your current rate is significantly higher than what's available today. Many Filipino homeowners are still paying 8%, 9%, or even 10% on loans originated between 2018 and 2022. Refinancing to BPI's current 5-Year Fixed rate of 6.50% on a P3,000,000 loan with 20 years remaining could save you over P3,000 per month. That's real money back in your pocket every single month. Nook's service is completely free to borrowers — we're paid by the bank, not by you. For a full breakdown of what documents and eligibility criteria you'll need, see the complete BPI housing loan requirements guide.
Applying through Nook means you get a dedicated mortgage advisor who submits your application directly to BPI Family Savings Bank, with a typical approval timeline of around 52 days. You don't need to visit a branch, chase paperwork alone, or figure out the process yourself. Nook handles the coordination so you can focus on what matters. Whether you're refinancing an existing loan or financing a new property, Nook gives you transparent rate comparisons across multiple partner banks — so you always know you're getting the best deal available. Note that interest rates are subject to change; always verify the latest rates with the bank 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
Through Nook, BPI Family Savings Bank offers a 1-Year Fixed rate of 6.70% p.a. and a 5-Year Fixed rate of 6.50% p.a. as of 2026. These rates apply to refinancing, home purchase, and other eligible loan purposes. Rates are subject to change, so it's best to confirm the latest figures through Nook or directly with BPI before applying.
BPI Family Savings Bank requires a minimum monthly income of P40,000 for housing loan applicants. This applies across employment types including private employees, government workers, BPO employees, OFWs, seafarers, and self-employed professionals. Your debt-to-income ratio must also not exceed 40% of your gross monthly income.
BPI Family Savings Bank typically processes and approves housing loan applications within approximately 52 days when applied through Nook. Nook's mortgage advisors help ensure your documents are complete and correctly submitted, which can help avoid delays. Having all required documents ready upfront is the best way to keep the process on track.
Yes — refinancing is one of the core loan purposes supported by BPI Family Savings Bank through Nook. If you're currently paying a higher rate with BPI or any other bank, Nook can assess whether refinancing to BPI's current rates makes financial sense for you. The service is 100% free to borrowers, so there's no cost to finding out how much you could save.
BPI's 5-Year Fixed rate of 6.50% p.a. is slightly lower than the 1-Year Fixed rate of 6.70% p.a., and it gives you longer payment certainty — your rate won't change for five years regardless of market movements. The 1-Year Fixed option may suit borrowers who expect rates to fall further and want flexibility to reprice sooner. A Nook mortgage advisor can help you decide which structure fits your financial goals and risk tolerance.
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