BPI offers competitive housing loan rates starting at 6.50% fixed for 5 years — but if your current home loan is above 7%, refinancing through Nook could save you thousands every month at zero cost to you.
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Why this matters
BPI Family Savings Bank is one of the most trusted names in Philippine home lending, offering housing loans for a wide range of purposes — from ready-for-occupancy units and pre-selling condos to refinancing, renovation, and home equity. Their 2026 rates start at 6.50% fixed for 5 years and 6.70% fixed for 1 year or for home equity loans, with a minimum monthly income requirement of ₱40,000 and approval typically completed within 52 days. Eligible borrowers include salaried employees in the private sector and government, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals — making BPI one of the more accessible banks for a broad range of Filipino homebuyers and homeowners.
To qualify, applicants generally need to submit a valid government-issued ID, proof of income (payslips, ITR, or business documents for the self-employed), a copy of the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), a signed loan application form, and property appraisal documents. The specific BPI housing loan requirements can vary depending on your employment type and loan purpose, so it pays to prepare a complete document package before applying. Incomplete submissions are one of the most common reasons for delays in approval.
If you already have an existing home loan — whether with BPI or another bank — and your interest rate is above 7%, refinancing is worth exploring seriously. Through Nook, you can compare BPI's refinance rates side by side with other leading Philippine banks, all in one place, completely free. There are no broker fees, no hidden charges, and no obligation to proceed. Nook handles the paperwork coordination and bank negotiations on your behalf, so you get expert guidance without the legwork. Check out our full BPI housing loan rates and calculator guide to model your own savings before you apply.
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 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 standard housing loans, while their home equity loan carries a rate of 6.70% p.a. These rates are among the more competitive in the Philippine market and apply to eligible borrowers who meet BPI's income and credit requirements. Note that interest rates are subject to change — always confirm the latest rates directly with BPI or through Nook before submitting your application.
Standard requirements include a completed BPI loan application form, at least one valid government-issued ID, proof of income (latest payslips and ITR for employed applicants, or audited financial statements for the self-employed), a copy of the property title (TCT or CCT), and a recent tax declaration. OFWs and seafarers will typically need to provide their employment contract and proof of remittance as well. It's best to prepare a complete set of documents upfront to avoid delays during BPI's processing period.
BPI Family Savings Bank typically completes loan approval within approximately 52 days from the date of submission of a complete application. This timeline can vary depending on the completeness of your documents, the property appraisal schedule, and your chosen loan purpose. Submitting a full and accurate document package from the start is the single most effective way to avoid unnecessary delays.
Yes — refinancing your current home loan to BPI is one of the most popular use cases on the Nook platform. If you're currently paying 7% or higher with another bank, switching to BPI's 5-year fixed rate of 6.50% could meaningfully reduce your monthly amortisation. Nook's service is completely free for borrowers: we compare rates across multiple partner banks, handle document coordination, and manage communication with BPI on your behalf at no charge.
BPI accepts applications from a wide range of borrowers, including private and government employees, BPO workers, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱40,000, and your total debt-to-income ratio must not exceed 40% — meaning your total monthly debt obligations (including the new loan payment) should be no more than 40% of your gross monthly income. Filipino citizens and certain qualified foreign nationals with Philippine property rights may also be eligible.
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