BPI offers some of the most competitive housing loan rates in the Philippines — but if you locked in your rate years ago, you could be paying thousands more than necessary every month. See how today's rates compare and what switching could save you.
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Why this matters
BPI housing loan rates in 2026 vary depending on the fixed-rate period you choose. For new borrowers and those refinancing, BPI Family Savings Bank — a Nook partner — currently offers a 1-year fixed rate of 6.70% p.a. and a popular 5-year fixed rate of 6.50% p.a., both of which are highly competitive among Philippine banks. The 5-year fixed option is particularly attractive for borrowers who want payment stability and a lower blended cost over the medium term. If you took out your home loan two to five years ago, there's a strong chance your current rate sits between 8% and 10% — meaning a refinance to BPI's current rates could cut your monthly payment significantly. You can explore how different loan amounts and terms affect your repayments using the BPI housing loan calculator.
When comparing fixed-rate periods, it's important to understand the trade-off between certainty and cost. A 1-year fixed period gives you the flexibility to re-price sooner if rates fall further, while a 5-year fixed period locks in today's low rate for longer — ideal if you expect rates to rise or simply want predictable budgeting. After the fixed period ends, your loan typically reverts to BPI's prevailing variable rate, so many borrowers plan to refinance again at that point. Nook's mortgage brokers can help you model both scenarios side by side at no cost to you, so you can make a genuinely informed decision rather than guessing. For a deeper look at what documents and eligibility criteria apply, see the complete BPI housing loan requirements guide.
BPI Family Savings Bank accepts a wide range of employment types including private employees, government workers, BPO professionals, OFWs, seafarers, and self-employed individuals — making it one of the more accessible lenders for Filipino borrowers with varied income profiles. The minimum monthly income requirement is 40,000 pesos, and typical loan approval takes around 52 days. Nook submits your application directly to BPI on your behalf, handles follow-ups, and compares BPI's offer against other lenders in our network — all completely free. There are no broker fees, no hidden charges, and no obligation to proceed after you receive your comparison. Interest 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
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 housing loans including refinancing. These rates are among the most competitive available in the Philippine market right now, though they are subject to change — always confirm the latest rates with BPI or via Nook before applying.
It depends on your financial goals and risk appetite. The 5-year fixed rate at 6.50% p.a. is actually lower than the 1-year rate, meaning you get both stability and savings over a longer horizon — making it the popular choice for most refinancing borrowers. If you think rates will drop significantly within the next year, the 1-year fixed gives you an earlier opportunity to re-price, but you take on more uncertainty in the meantime.
Yes — refinancing is one of the primary loan purposes supported by BPI Family Savings Bank through Nook's platform. Nook will assess your current loan, calculate your potential savings, and submit your BPI application on your behalf at no cost. The process typically takes around 52 days from application to approval.
BPI Family Savings Bank accepts borrowers across a wide range of employment types, including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum qualifying monthly income is 40,000 pesos, and you must meet BPI's standard credit and property eligibility criteria. For the full checklist, visit the BPI housing loan requirements 2026 guide.
Yes, completely. Nook is compensated by the bank when your loan is successfully processed, not by you — so there are no broker fees, application charges, or hidden costs for borrowers. You get access to multiple lender comparisons, professional guidance, and full application support without paying a single peso.
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