Thousands of Filipino homeowners are paying 7% or more on their BPI housing loan — when they could be refinancing to as low as 5.99% p.a. through Nook, for free.
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Why this matters
BPI is one of the Philippines' most trusted home loan providers, offering competitive fixed-rate packages and a straightforward application process. For 2026, BPI housing loan requirements include a minimum monthly income of ₱40,000, a maximum debt-to-income ratio of 40%, and eligibility for borrowers who are employed in private or government sectors, BPO workers, OFWs, seafarers, self-employed professionals, and more. BPI's 1-year fixed rate starts at 6.70% p.a. and their 5-year fixed rate is 6.50% p.a. — among the more accessible options in the market. You can use Nook's free service to explore BPI housing loan rates and run your own calculations before you apply.
To apply for a BPI housing loan, you'll typically need to submit a completed application form, valid government-issued IDs, proof of income (payslips, ITR, or audited financial statements for the self-employed), a copy of the property's Transfer Certificate of Title (TCT), and a tax declaration. BPI's typical approval timeline is around 52 days, so it pays to have your documents organised early. Whether you're financing a ready-for-occupancy unit, a pre-selling property, a renovation, or refinancing an existing loan, BPI accepts a wide range of loan purposes. If you're considering refinancing, Nook can help you compare BPI's home loan requirements side by side with other top banks to make sure you're getting the best deal available to you.
Applying through Nook is completely free — Nook is paid by the banks, not by you. Our mortgage specialists will guide you through the entire process, from document preparation to loan approval, so you never have to deal with multiple banks on your own. Interest rates are subject to change; borrowers are encouraged to verify the latest rates directly with BPI or through Nook before submitting an 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
To qualify for a BPI housing loan, you need to be at least 21 years old (and not exceed 70 years old at loan maturity), earn a minimum monthly income of ₱40,000, and have a debt-to-income ratio of no more than 40%. You'll also need to submit valid IDs, proof of income, and property documents such as the TCT and tax declaration. BPI accepts applications from employed individuals, self-employed professionals, OFWs, seafarers, and BPO workers.
BPI 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. These rates are competitive in the Philippine market, and the 5-year fixed option can give you more payment predictability over a longer period. Note that rates are subject to change, so it's best to confirm the latest figures with BPI or through Nook before you apply.
BPI's typical loan approval timeline is approximately 52 days from the time your complete documents are submitted. Processing times can vary depending on the completeness of your application, the property type, and current application volumes. Working with a mortgage broker like Nook can help ensure your documents are complete from the start, reducing the chance of delays.
Yes, BPI accepts refinancing as a valid loan purpose, which means you can use a BPI housing loan to pay off your existing home loan with another bank and potentially secure a lower interest rate. If your current rate is above 6.50–6.70%, refinancing through BPI — or another Nook partner bank offering rates from 5.99% — could save you tens of thousands of pesos per year. Nook can help you compare your options for free.
Yes, Nook's service is 100% free for borrowers. Nook is compensated by the bank when your loan is approved, so you pay nothing extra for the guidance, document assistance, and bank comparison service. You get the same — or often better — rates as applying directly, with the added benefit of having a dedicated mortgage specialist in your corner throughout the process.
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