BPI offers some of the most competitive housing loan rates in the Philippines — but if your loan is more than 2 years old, there's a good chance you're paying more than you need to. See how much you could save by refinancing through Nook for free.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
BPI housing loan rates in 2026 remain among the most attractive in the Philippine market, with fixed-rate options starting at 6.50% p.a. for a 5-year lock-in and 6.70% p.a. for a 1-year fixed term. These rates are available through Nook at no cost to you — Nook is a 100% free digital mortgage broker, meaning you get access to BPI's best rates without any broker fees or hidden charges. If you want to understand how these rates translate into actual monthly payments, the BPI housing loan calculator guide can walk you through the numbers step by step.
The key question most homeowners face is whether to choose a shorter fixed period (1-year) or a longer one (5-year). A 1-year fixed rate gives you flexibility — if rates drop, you can reprice sooner. A 5-year fixed rate gives you certainty and protection against rate increases, which many borrowers prefer for budgeting stability. For most Filipinos carrying a loan originated between 2018 and 2022 at rates of 8% to 10%, refinancing to BPI's current 5-year fixed rate of 6.50% p.a. can deliver significant monthly savings. The example above illustrates what a ₱3,000,000 loan balance on a 20-year term looks like when you move from a typical legacy rate of 9.00% down to 6.50%.
Eligibility for BPI housing loans through Nook is broad — covering private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱40,000, and BPI's maximum debt-to-income ratio is 40%, which Nook's advisors can help you assess before you apply. Typical approval takes around 52 days, and Nook supports you through every step of the process. Before you apply, it's worth reviewing the complete BPI housing loan requirements checklist so your documents are ready from day one. Interest rates are subject to change — always verify current rates with Nook or BPI directly 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's current housing loan rates are 6.70% p.a. for a 1-year fixed term and 6.50% p.a. for a 5-year fixed term. These are among the most competitive rates available in the Philippine market right now. Please note that rates are subject to change, so it's best to confirm the latest figures directly through Nook or BPI before committing.
It depends on your financial goals and risk tolerance. A 1-year fixed rate (6.70% p.a.) lets you reprice annually, which is advantageous if you expect rates to fall. A 5-year fixed rate (6.50% p.a.) locks in a lower rate for longer, giving you predictable monthly payments and protection if rates rise — which most borrowers prefer for peace of mind. Nook's advisors can help you model both scenarios based on your specific loan balance and term.
Yes — refinancing is one of BPI's supported loan purposes, and Nook specialises in helping Filipino homeowners refinance to a lower rate for free. Whether your current loan is with BDO, Metrobank, Security Bank, Pag-IBIG, or any other lender, Nook can assess your eligibility and handle the BPI application process on your behalf at no cost. Most borrowers who refinance from rates above 8% see meaningful monthly savings.
BPI accepts applications from a wide range of borrower types including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum qualifying monthly income is ₱40,000, and your total monthly debt obligations — including the new housing loan — must not exceed 40% of your gross monthly income. Nook can pre-assess your eligibility before you formally apply, saving you time and avoiding unnecessary credit inquiries.
BPI's typical loan approval timeline is around 52 days from submission of complete documents. Having your requirements ready upfront is the single biggest factor in speeding up the process — the BPI housing loan requirements checklist is a great place to start. Nook's team will guide you through document preparation and liaise with BPI directly, helping to avoid common delays that slow down self-managed applications.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →