BPI housing loan rates start at 6.50% p.a. for a 5-year fixed period — and through Nook, you can check if refinancing saves you money in minutes, completely free.
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Why this matters
BPI Family Savings Bank is one of the Philippines' most trusted home loan providers, and in 2026 it continues to offer competitive fixed-rate periods for both new purchases and refinancing. The 1-year fixed rate sits at 6.70% p.a. while the 5-year fixed rate comes in lower at 6.50% p.a. — making it a strong option for borrowers who want rate stability over a longer period. A Home Equity loan through BPI is also available at 6.70% p.a., useful for homeowners looking to unlock the value in their property for renovations, business capital, or other needs. If you want to understand exactly what documents BPI requires, our full checklist walks you through everything you need to prepare.
Many Filipino homeowners took out home loans when rates were between 8% and 10%, meaning there's a real opportunity to reduce monthly amortization significantly by refinancing today. On a 3,000,000 peso loan with 20 years remaining, moving from a 9.00% rate to BPI's 5-year fixed rate of 6.50% cuts monthly payments by over 4,000 pesos — that's nearly 50,000 pesos saved every year without changing your loan amount or term. The key is knowing your current rate, your remaining balance, and comparing it against what's available now. Nook does this comparison for you across multiple banks, including BPI, at zero cost to you.
Applying through Nook means a licensed mortgage broker manages your application end-to-end — from document collection to bank submission — without any broker fee charged to you. BPI Family Savings Bank accepts borrowers from private employment, government, BPO, OFW and seafarer sectors, self-employed professionals, and more, with a minimum monthly income requirement of 40,000 pesos. Typical approval takes around 52 days. If you're curious about the timeline, read our guide on how long BPI home loan approval really takes. Note that all rates are subject to change — always verify current rates with BPI or through Nook before making a 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 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. for home loans, with Home Equity loans also available at 6.70% p.a. These rates are among the more competitive options available in the Philippine market right now. Always confirm the latest rates directly with BPI or through Nook, as rates are subject to change without notice.
The 5-year fixed rate at 6.50% p.a. is slightly lower than the 1-year rate of 6.70% p.a., and it gives you rate certainty for a longer period — meaning your monthly amortization won't change for five years regardless of market movements. The 1-year fixed option can be repriced sooner, which could work in your favor if rates drop, but also carries more risk if rates rise. Most borrowers who prioritize budget predictability prefer the 5-year fixed period.
Savings depend on your current interest rate, remaining loan balance, and remaining term. For example, on a 3,000,000 peso loan with 20 years remaining, switching from a 9.00% rate to BPI's 6.50% five-year fixed rate saves approximately 4,027 pesos per month, or roughly 48,000 pesos per year. Use Nook's free refinancing calculator to get a personalized estimate based on your actual loan details.
Yes — BPI Family Savings Bank accepts OFW and seafarer borrowers, and Nook is set up to assist applicants who are based overseas. Nook handles the application process digitally, so you don't need to visit a bank branch in person. The minimum monthly income requirement is 40,000 pesos, and a licensed Nook broker will guide you through the specific documentation needed for OFW borrowers.
No — Nook's service is 100% free to the borrower. Nook is compensated by the bank upon successful loan disbursement, not by charging applicants any broker or processing fee. You get access to BPI's rates, a dedicated mortgage broker, and a fully managed application process at no additional cost to you.
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