BPI is offering some of its most competitive housing loan rates in years — as low as 6.50% fixed for 5 years. Nook helps you apply for free and compare BPI against every other top lender in the Philippines.
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Why this matters
BPI's 2026 housing loan promos are worth paying close attention to. With a 5-year fixed rate of 6.50% p.a. and a 1-year fixed option at 6.70% p.a., BPI Family Savings Bank is offering rates that could meaningfully cut your monthly amortisation — especially if your current loan was taken out during a higher-rate period. BPI accepts borrowers across a wide range of employment types including private employees, government workers, OFWs, seafarers, BPO workers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is P40,000, which puts these promos within reach for many Filipino households. Typical approval takes around 52 days, and BPI's loan programs cover refinancing, home equity, new construction, pre-selling units, RFO properties, resale homes, and renovation — so whether you're buying or refinancing, there's likely a promo that fits your situation. For a full breakdown of what documents you'll need, see our complete BPI housing loan requirements guide.
If you're an existing homeowner paying 7.5% or higher, refinancing to BPI's current promo rates could save you tens of thousands of pesos every year. On a P3,000,000 loan with 20 years remaining, switching from 8.50% to 6.50% cuts your monthly payment by over P3,700 — that's more than P44,000 a year back in your pocket. Over the life of the loan, the savings compound significantly. The key is acting while these promo rates are available, since fixed-rate specials are typically reviewed quarterly and can change without much notice. To model your own numbers before you apply, try our BPI housing loan calculator and see exactly what your new monthly payment could look like.
Applying through Nook means you get access to BPI's promo rates at zero cost to you — Nook's broker service is completely free for borrowers. Nook also compares BPI side-by-side with other leading Philippine banks so you can be confident you're getting the best available deal, not just the first offer you find. Whether you're refinancing an existing home loan or financing a new purchase, Nook handles the paperwork coordination, bank communication, and rate negotiation on your behalf. Note that interest rates are subject to change — always verify the latest 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 Family Savings Bank is currently offering a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. for eligible borrowers. These are among the most competitive rates available in the Philippine market right now. Rates are subject to change, so it's worth locking in sooner rather than later — apply through Nook to get the latest confirmed rates at no cost.
BPI accepts applications from private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and licensed professionals. You'll need a minimum monthly income of P40,000, and your total debt obligations should not exceed 40% of your gross monthly income (the DTI limit). For a detailed checklist of all requirements, visit our BPI housing loan requirements 2026 guide.
Yes — refinancing is one of the loan purposes explicitly covered under BPI's housing loan program. If your current rate is above 7%, switching to BPI's 5-year fixed promo at 6.50% could reduce your monthly payment significantly. Nook will assess your situation, calculate your potential savings, and handle the refinancing process for you completely free of charge.
BPI's typical approval timeline is around 52 days from the date of complete document submission. This covers the credit evaluation, property appraisal, and loan documentation stages. Applying through Nook can help streamline this process since Nook's team reviews your documents before submission to reduce back-and-forth with the bank.
Yes, Nook's mortgage broker service is 100% free for borrowers — Nook is compensated by the bank when your loan is successfully processed, not by you. You get access to the same BPI promo rates (and rates from other partner banks) without paying any brokerage fee. Nook's team handles document coordination, rate comparison, and bank liaison on your behalf so the process is as smooth as possible.
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