BPI offers competitive fixed-rate home loans starting at 6.50% p.a. for a 5-year fix — but if you took out your loan a few years ago, you could be paying 8% or more. See how much refinancing could save you.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted home loan providers in the country, offering a range of fixed-rate terms to suit different borrower needs. For 2026, BPI's housing loan rates start at 6.50% p.a. for a 5-year fixed term and 6.70% p.a. for a 1-year fixed term. These rates apply to standard refinancing, ready-for-occupancy purchases, reselling, pre-selling, and even home equity loans. After your fixed period ends, your loan enters a repricing cycle — and that's typically when many borrowers see their monthly payments jump significantly. If your loan has already been repriced once or twice, there's a real chance you're now paying a rate well above what's currently available in the market. You can use the BPI housing loan calculator to estimate your current monthly payment and compare it against today's rates.
Understanding the difference between fixed and variable rate structures is essential before committing to a home loan or refinance. A fixed rate locks in your interest cost for a defined period — typically 1, 2, 3, 5, or 10 years — giving you predictable monthly payments and protection against rate increases. After the fixed period, BPI will reprice your loan based on prevailing market rates at the time. This repricing moment is often the best opportunity to refinance: if another bank — or BPI itself through Nook — is offering a lower rate, switching could lock in savings for another fixed term. For a deeper look at how BPI structures its rates and what to expect during repricing, see our complete BPI home loan interest rates guide for 2026.
Through Nook, applying for a BPI housing loan or refinancing your existing loan to BPI is completely free. Nook is the Philippines' first digital mortgage broker, and we handle the comparison, paperwork coordination, and bank follow-ups on your behalf — at zero cost to you. BPI accepts borrowers across a wide range of employment types including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals, with a minimum monthly income requirement of ₱40,000. Typical approval takes around 52 days, and maximum debt-to-income ratio is 40%. Whether you're buying a new home or looking to lower the rate on your existing one, Nook makes it easy to see if BPI is the right fit — or whether another partner bank offers an even better deal for your situation. Note that all interest rates are subject to change; always verify current rates with BPI or through Nook before making any financial decisions.
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 housing loan rates for 2026 start at 6.50% p.a. for a 5-year fixed term and 6.70% p.a. for a 1-year fixed term. These rates apply to refinancing, RFO purchases, reselling, pre-selling, and home equity loans. Rates are subject to change, so we recommend verifying the latest figures through Nook or directly with BPI before applying.
Repricing is when BPI resets your interest rate at the end of your fixed-rate period — for example, after 1 year or 5 years. At that point, your new rate is based on prevailing market conditions, which may be higher or lower than your original rate. Repricing is one of the most common triggers for refinancing, since borrowers can often find a better deal by switching banks or locking in a new fixed term.
The savings depend on your current outstanding loan balance, remaining term, and existing interest rate. For example, a borrower with a ₱3,000,000 loan at 8.50% could save over ₱3,000 per month by refinancing to BPI's 5-year fixed rate of 6.50%. Over a 15-year remaining term, that adds up to more than ₱500,000 in total interest savings.
BPI accepts borrowers who are private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, or licensed professionals, with a minimum monthly income of ₱40,000. Your total monthly debt obligations — including the new home loan payment — must not exceed 40% of your gross monthly income. For a full list of documents and eligibility criteria, visit our BPI housing loan requirements guide.
Yes, Nook's service is 100% free for borrowers. Nook is a digital mortgage broker, meaning we are compensated by the bank — not by you — when your loan is successfully processed. You get access to BPI's rates, expert guidance, and full application support without paying any broker fees or hidden charges.
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