BPI offers competitive fixed-rate periods starting at 6.50% for 5-year fixing — but the right term depends on your situation. Nook compares all banks for free so you lock in the best rate available.
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Why this matters
BPI is one of the Philippines' most trusted home loan providers, and in 2026 it remains a strong option for both new borrowers and homeowners looking to refinance. 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 most competitive available in the market today. The 5-year fixed period is particularly attractive for borrowers who want payment stability and protection against future rate increases. If you're currently on a repriced rate from a loan you took out several years ago, there's a good chance you're paying 8% to 10% — and that gap adds up to hundreds of thousands of pesos over your remaining term. You can see how BPI stacks up against other lenders in our BPI vs Security Bank vs Metrobank comparison.
Understanding BPI's fixing periods is key to getting the most value. A shorter 1-year fixed term gives you the chance to reprice sooner if rates drop, but it also exposes you to rate increases at each repricing anniversary. The 5-year fixed rate, while slightly lower at 6.50%, locks in your repayment for five years — giving you budget certainty and eliminating the anxiety of annual repricing. For most Filipino homeowners with a remaining loan term of 15 to 20 years, the 5-year fixed option typically delivers the best balance of rate competitiveness and stability. After the fixed period ends, your loan moves to BPI's prevailing variable rate, which is why many savvy borrowers use that window to refinance again if better rates emerge.
Applying for a BPI housing loan or refinancing into BPI through Nook is completely free — Nook's broker service costs you nothing. BPI requires a minimum monthly income of ₱40,000, accepts private employees, government workers, BPO staff, OFWs, seafarers, self-employed professionals, and has a maximum debt-to-income ratio of 40%. Typical approval takes around 52 days. Whether you're refinancing from another bank or repricing your existing BPI loan into a better structure, Nook's mortgage advisors will handle the paperwork, negotiate on your behalf, and ensure you get the lowest rate you qualify for. For a head-to-head comparison of refinancing options, check out our BPI vs Landbank home loan rates guide. Note: all interest rates are subject to change — always verify current rates with the bank or through a Nook advisor before making any decisions.
How it works
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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. for home loans and refinancing. These rates are among the most competitive available in the Philippine market right now, though rates are subject to change — confirm the latest figures with a Nook advisor or directly with BPI before applying.
The 5-year fixed rate at 6.50% is slightly lower and gives you five years of payment certainty, making it ideal if you want to budget confidently and avoid annual repricing surprises. The 1-year fixed at 6.70% makes sense if you believe rates will drop significantly in the near term and you want the flexibility to reprice or refinance sooner. For most borrowers, the 5-year option delivers better overall value.
When your fixing period expires, your BPI loan automatically reprices to the bank's prevailing rate at that time, which is typically higher than your original fixed rate. This is the most common reason homeowners see their monthly payments jump unexpectedly. Many borrowers use the end of their fixing period as an opportunity to refinance to another bank — through Nook — if a better rate is available.
BPI Family Savings Bank requires a minimum monthly income of ₱40,000 and accepts a wide range of employment types including private employees, government workers, BPO professionals, OFWs, seafarers, and self-employed individuals. Your total monthly debt obligations — including the new housing loan payment — must not exceed 40% of your gross monthly income. BPI also accepts loan purposes such as refinancing, ready-for-occupancy purchases, pre-selling, renovation, and home equity.
Yes, Nook's mortgage broker service is completely free for borrowers — Nook is compensated by the bank, not by you. When you apply through Nook, you get access to BPI's competitive rates along with Nook's expert guidance on documentation, eligibility, and rate negotiation, all at no cost. There are no hidden fees, no application charges, and no obligation to proceed.
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