BPI housing loan rates start at 6.50% p.a. (5-year fixed) — but if you're currently paying 8% or more, refinancing through Nook could save you over 58,000 a year on a 3,000,000 loan.
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Why this matters
BPI is one of the Philippines' most trusted home loan providers, and in 2026 their fixed-rate options remain highly competitive. Through Nook, you can access BPI Family Savings Bank's published rates: 6.70% p.a. for a 1-year fixed and 6.50% p.a. for a 5-year fixed. If you're weighing fixed versus variable, the core question is risk tolerance. A fixed rate locks in your monthly payment for the chosen period — giving you budget certainty even if market rates move. A variable rate may start lower but can adjust, meaning your payment could rise. For most Filipino homeowners planning to stay in their property long-term, the 5-year fixed at 6.50% offers an attractive combination of security and savings. You can explore how these rates translate to actual monthly costs using our BPI housing loan calculator.
The difference between your current rate and BPI's refinance rate can be significant. A homeowner with a 3,000,000 loan balance currently paying 8.00% p.a. on a 20-year remaining term pays roughly 25,093 per month. Refinancing to BPI's 5-year fixed rate of 6.50% brings that monthly payment down to approximately 22,276 — a saving of around 2,817 every month. Over a year that's more than 33,000 back in your pocket, and over the full loan term the cumulative savings are substantial. Many homeowners don't realise how much their bank is charging relative to what's now available in the market. If your loan is more than two years old, there's a very good chance you're overpaying.
Applying for a BPI housing loan refinance through Nook is completely free — Nook is paid by the bank, not by you. Nook's team handles the paperwork, coordinates with BPI, and keeps you updated through every stage of the 52-day typical approval process. Whether you're refinancing an existing home loan, unlocking equity, or funding a renovation, BPI accommodates a wide range of loan purposes including refinancing, home equity, ready-for-occupancy, and new construction. Minimum monthly income requirement is 40,000, and BPI accepts applications from private employees, government workers, BPO employees, OFWs, self-employed individuals, and professionals. For a full breakdown of what documents you'll need, see our BPI housing loan requirements guide. Interest rates are subject to change — always verify current rates before applying.
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 offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. Home equity loans are also available at 6.70% p.a. These rates are among the most competitive in the Philippine market and are subject to change, so it's worth locking in sooner rather than later.
For most homeowners, a fixed rate provides greater peace of mind because your monthly payment stays the same regardless of interest rate movements in the broader market. BPI's 5-year fixed at 6.50% is particularly attractive if you want medium-term certainty without repricing risk. If you're confident rates will fall significantly, a variable rate might save money — but fixed rates are generally the safer choice for long-term budgeting.
It depends on your current rate and remaining loan balance, but the savings can be substantial. A borrower with a 3,000,000 loan at 8.00% paying 25,093 per month could reduce their payment to around 22,276 by refinancing to BPI's 5-year fixed rate of 6.50% — saving over 2,800 every month. Use Nook's free assessment to get a personalised savings estimate based on your actual loan details.
BPI Family Savings Bank typically approves housing loan applications within 52 days when submitted with complete documentation. You'll need to meet a minimum monthly income of 40,000 and a maximum debt-to-income ratio of 40%. BPI accepts applicants who are privately employed, government employees, BPO workers, OFWs, seafarers, self-employed, or licensed professionals. For the full checklist, visit our detailed BPI housing loan requirements guide.
Yes, Nook's service is 100% free to borrowers. Nook is a mortgage broker that is compensated directly by the bank upon successful loan approval — you pay nothing extra, and the bank rates you receive are the same as applying directly. The benefit of using Nook is that you get expert guidance, comparison across multiple lenders, and end-to-end application support without any broker fees.
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