BPI housing loan rates for 2026 start at 6.50% fixed for 5 years — and if you're currently paying 8% or more, refinancing through Nook could save you over 58,000 pesos every year. Free to apply, no broker fees.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted names in Philippine home lending, and their 2026 housing loan rates are among the most competitive in the market. As a Nook partner bank, BPI offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. — making the 5-year option particularly attractive for borrowers who want payment stability over a longer period. BPI accepts a wide range of borrower profiles including private employees, government workers, OFWs, seafarers, self-employed professionals, and BPO workers, with a minimum monthly income requirement of just ₱40,000. Loan purposes covered include refinancing, home equity, renovation, RFO and pre-selling units, new construction, reselling, and foreclosed properties. If you want to understand exactly what documents you'll need, the complete BPI housing loan requirements guide walks you through every checklist item.
The key question for most existing homeowners is simple: what rate are you paying right now? The majority of Filipino borrowers with loans taken out between 2018 and 2022 are sitting on rates between 7.5% and 10%, often repriced upward after an initial fixed period expired. On a ₱3,000,000 loan with 20 years remaining, moving from 8.50% to 6.50% cuts your monthly payment by over ₱3,000 — that's real money back in your pocket every single month. Typical BPI approval through Nook takes around 52 days, and because Nook is a free digital mortgage broker, you pay absolutely nothing for the matching, application support, and rate negotiation we do on your behalf. For a deeper look at how BPI's rates compare historically and what to expect at repricing, see our BPI home loan interest rates 2026 refinancing guide.
When comparing fixed-rate periods, the trade-off is straightforward: the 1-year fixed at 6.70% gives you a slightly higher rate but resets sooner, giving you flexibility if rates drop further. The 5-year fixed at 6.50% locks in a lower rate for longer, making it the preferred choice for borrowers who value predictability and want to plan their budget with confidence. Nook helps you model both scenarios side-by-side so you can make an informed decision before you commit. Interest rates are subject to change and we recommend verifying current figures 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's current housing loan rates available through Nook are 6.70% p.a. for a 1-year fixed term and 6.50% p.a. for a 5-year fixed term. A home equity loan option is also available at 6.70% p.a. These rates are subject to change, so it's best to confirm the latest figures through Nook or directly with BPI before applying.
BPI accepts borrowers from a broad range of employment types including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱40,000, and your total debt-to-income ratio must not exceed 40%. Filipino citizens and qualified foreign nationals with eligible properties may apply.
The 5-year fixed rate at 6.50% is lower than the 1-year fixed at 6.70%, making it the better choice if you want payment stability and a longer period of rate certainty. The 1-year fixed may suit borrowers who expect to sell, pay off, or refinance again within a short window. Nook can model both options against your specific loan balance and timeline so you can compare total cost before deciding.
BPI's typical approval timeline when applying through Nook is around 52 days from submission of a complete application. This covers document review, property appraisal, credit evaluation, and loan offer issuance. Submitting a complete and accurate set of documents upfront is the single biggest factor in keeping the process on schedule — see our BPI housing loan requirements checklist for the full list.
Yes — Nook's service is completely free to borrowers. Nook is compensated by the bank when your loan is successfully placed, which means you get full broker support, rate comparison, and application assistance at no cost to you. There are no hidden fees, no commissions charged to you, and no obligation to proceed after your initial rate check.
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