BPI offers some of the most competitive housing loan rates in the Philippines — starting at 6.50% fixed for 5 years. Find out if you qualify and how much you could save by applying through Nook 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, offering housing loans for a wide range of purposes — from buying a ready-for-occupancy unit or pre-selling property, to refinancing your existing loan, funding a renovation, or tapping your home's equity. Through Nook, you can access BPI Family Savings Bank's current rates of 6.70% for a 1-year fixed term and 6.50% for a 5-year fixed term — among the most competitive available in the market today. If you're currently paying 8% or higher on your existing home loan, refinancing to BPI could mean saving tens of thousands of pesos every year. For a full breakdown of what documents and eligibility criteria you'll need to prepare, see our complete BPI housing loan requirements guide.
To qualify for a BPI housing loan, you'll need a minimum monthly income of ₱40,000, and BPI accepts a wide range of employment types including private employees, government workers, BPO professionals, OFWs and seafarers, self-employed individuals, and licensed professionals. The maximum debt-to-income ratio is 40%, meaning your total monthly loan obligations — including the new housing loan — should not exceed 40% of your gross monthly income. Typical loan approval takes around 52 days, so it pays to get your documents in order early. You can use our BPI housing loan calculator to estimate your monthly amortization before you apply.
Applying through Nook gives you access to BPI's housing loan products at no cost — Nook's broker service is 100% free for borrowers. Nook's specialists will help you compare BPI's rates against other partner banks, prepare your application, and track your approval — so you get the best possible outcome without the usual paperwork stress. Whether you're a first-time buyer or looking to refinance an existing loan to a lower rate, Nook can help you move faster and with more confidence. Note that all interest rates stated on this page are subject to change — please verify current rates with BPI or through Nook before finalizing 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 currently offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. A home equity loan is also available at 6.70% p.a. These rates are subject to change, so we recommend checking with Nook or BPI directly to confirm the latest figures before applying.
BPI requires a minimum gross monthly income of ₱40,000 to qualify for a housing loan. This applies across most employment types, including salaried employees, self-employed individuals, OFWs, and professionals. Your total monthly debt obligations must also not exceed 40% of your gross monthly income (the maximum debt-to-income ratio).
BPI's typical approval timeline is around 52 days from submission of complete documents. The timeline can vary depending on the completeness of your application, the property type, and current processing volumes. Applying through Nook helps ensure your documents are in order from the start, which can prevent unnecessary delays.
BPI accepts a wide range of loan purposes, including the purchase of ready-for-occupancy (RFO) and pre-selling properties, refinancing of an existing home loan, home renovation, new construction, reselling, foreclosed property purchases, and home equity loans. This makes BPI a flexible option whether you're buying your first home or unlocking the value of a property you already own.
Yes — Nook's mortgage broker service is completely free for borrowers. Nook earns a referral fee from the bank, so you pay nothing extra to get expert guidance, rate comparisons, and application support. You'll receive the same BPI loan rates as applying directly, but with the added benefit of having a dedicated specialist help you through the process from start to finish.
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