BPI offers some of the most competitive housing loan rates in the Philippines — but if you took out your loan a few years ago, you could be paying thousands more per month than necessary. See what today's rates could mean for your wallet.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted names in Philippine home lending, and for good reason. Their housing loan products are accessible to a wide range of borrowers — from salaried employees and government workers to OFWs, BPO professionals, and the self-employed. BPI Family Savings Bank, a Nook partner bank, currently offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. — well below what many existing borrowers are paying on older loan packages. To understand exactly what documents you'll need to apply, check out our complete BPI housing loan requirements guide.
If your current home loan was taken out when rates were above 8% or 9%, refinancing through BPI — or shopping the best available rate across multiple banks — could save you a significant amount each month. On a 3,000,000 peso loan with 20 years remaining, dropping from 9.00% to 6.50% translates to over 4,000 pesos back in your pocket every single month. That's money that can go toward your family, your investments, or paying down your loan faster. Use our BPI housing loan calculator to run your own numbers in minutes.
Nook is the Philippines' first digital mortgage broker — and our service is completely free to borrowers. We compare BPI Family Savings Bank alongside other leading Philippine banks to find you the lowest rate you qualify for, then handle the paperwork and coordination on your behalf. BPI typically approves applications within 52 days, requires a minimum monthly income of 40,000 pesos, and accepts a maximum debt-to-income ratio of 40%. Whether you're refinancing, doing a home equity takeout, or purchasing a new property, Nook can help you get there faster and smarter. Note: 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
To qualify for a BPI housing loan, you generally need to be a Filipino citizen (or a foreigner married to a Filipino), at least 21 years old at application and not more than 65 at loan maturity, and earning a minimum monthly income of 40,000 pesos. BPI accepts borrowers from a wide range of employment types including private and government employees, OFWs, seafarers, BPO workers, self-employed professionals, and sole proprietors. Required documents typically include a valid government ID, proof of income, and property documents — see our complete checklist for the full list.
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 are among the most competitive rates available in the Philippine market right now. Rates are subject to change, so it's worth applying sooner rather than later if you're considering a refinance or new purchase.
Yes — BPI accepts refinancing applications from borrowers whose existing loans are held with other banks, including BDO, Metrobank, Security Bank, and others. Refinancing allows you to move your outstanding balance to BPI at a lower interest rate, which can significantly reduce your monthly payments. Nook can help you compare BPI's refinance offer against other lenders to make sure you're getting the best deal available.
BPI Family Savings Bank typically processes and approves housing loan applications within approximately 52 days from the time all required documents are submitted. Incomplete submissions are the most common cause of delays, so making sure your documents are complete before applying is critical. Working with Nook means you'll have a dedicated mortgage specialist reviewing your file before it's submitted, reducing the chance of back-and-forth with the bank.
Yes, Nook's service is 100% free to the borrower — there are no broker fees, application fees, or hidden charges. Nook earns a referral fee from the bank when your loan is successfully funded, which is standard practice in mortgage brokering worldwide and does not affect the rate you receive. You get expert guidance, multi-bank comparison, and application support at zero cost to you.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →