BPI home loan calculator: your monthly payment in one minute
Quick answer: put a ₱3,000,000 loan, a 20-year term and BPI's published 7.00% one-year rate into any BPI home loan calculator and you get about ₱23,259 a month (₱23,258.97 to the centavo), exactly the figure in BPI's own All-In Financing sample. Over 30 years it drops to about ₱19,959; at the 8.00% five-year rate it is ₱25,093 over 20 years.
Rates checked 12 October 2026 from BPI's published indicative table. BPI does not date the table, so check BPI for the latest; final rates and approval are BPI's. sabahay.ph is not affiliated with BPI. This is an independent estimate.
Below: BPI's rates by fixing period, ₱3M, ₱6M and ₱10M examples, a rate-reset stress test, a Pag-IBIG comparison and the requirements checklist.
Run your own numbers in our free loan calculator: choose the BPI preset or type any rate, set your price and term, then switch on the rate reset to see the payment after the fixing period.
Is this BPI's official home loan calculator?
No. BPI has its own property loan calculator on its Loans Marketplace site, which appears to be tied to partner-developer projects. This is an independent BPI home loan calculator guide for the Philippines: the same math for any property price, plus a rate-reset model. Simple calculators, ours included, leave out fees, taxes and insurance; those are covered below.
The formula every BPI housing loan calculator uses
Monthly payment M = P × r ÷ [1 − (1 + r)^−n], where P is the loan amount, r is the annual rate divided by 12 and n is the number of monthly payments. Plug in BPI's own sample and you get the bank's number exactly: ₱3,000,000 at 7.00% over 240 months is ₱23,258.97. The same formula reproduces the ₱58,357 a month reported for a ₱10M Pag-IBIG loan at 5.75% over 30 years. Every figure in this post comes from it.
Searching for "BPI Family housing loan"? BPI Family Savings Bank merged into BPI on 1 January 2022, so that product is now the BPI Housing Loan.
BPI housing loan rates in October 2026
BPI publishes an indicative fixed-rate table for new housing loan applications on its New Home page, with no effective date; we retrieved it on 12 October 2026. BPI says an "applicable repricing interest rate" applies to existing borrowers but does not publish how it is set.
BPI's published home loan rates by fixing period
| Fixing period | Indicative rate (BPI, undated, checked 12 Oct 2026) | ₱3M over 20 years | Extra per month vs 1-year rate |
|---|---|---|---|
| 1 year | 7.00% | ₱23,259 | — |
| 2 years | 7.25% | ₱23,711 | +₱452 |
| 3 years | 7.75% | ₱24,628 | +₱1,369 |
| 4 years | 8.00% | ₱25,093 | +₱1,834 |
| 5 years | 8.00% | ₱25,093 | +₱1,834 |
| 10 years | 10.25% | ₱29,449 | +₱6,190 |
| 15 years | 10.50% | ₱29,951 | +₱6,692 |
| 20 years | 12.00% | ₱33,033 | +₱9,774 |
Source: BPI Housing Loan for a New Home. Some high-ranking third-party pages still show BPI's November 2022 rates, a 20-year maximum term and an age cap of 65; BPI's live page says up to 30 years and age 70 at maturity.
The latest promo: Dream More Deals (applications closed)
The most recent BPI promo we could verify offered a discounted 7.7% a year for 7 years on applications received 11 to 30 September 2026, with a ₱1,000,000 minimum loan, a 10-year minimum term and, on 1- and 5-year fixing, waived bank fees of ₱5,000 per ₱1,000,000 (up to ₱50,000). That window has closed, so ask BPI whether a new promo is running.
Why the 10- and 20-year rates cost so much more
Locking for 10 years instead of 1 costs about ₱6,190 more a month on a ₱3M loan; a 20-year lock costs ₱9,774 more. That premium is the price of certainty, since the bank carries the risk of rates rising during your lock-in. Whether it is worth paying depends on how much a reset would strain your budget.
What the BSP rate hikes mean for your fixing choice
Bank housing rates tend to move with the Bangko Sentral ng Pilipinas policy rate over time. The BSP target rate has been 5.00% since 27 August 2026, after a cut to 4.25% in February and hikes in April, June and August. Headline inflation hit 7.2% in September 2026, and the BSP projects about 6.1% for 2026 and 5.4% for 2027, above its 2 to 4% target range. The next policy meeting is on 22 October 2026. We make no forecast; a 1-year fix means repricing in a year, so model the reset first. See the BSP summary of monetary policy decisions.
How a fixing period works and what happens when it ends
Fixed rate now, repricing later
The fixing period is not the loan term. A 20-year BPI home loan with a 1-year fix guarantees 7.00% for 12 months only; then the bank reprices and recomputes your payment on the remaining balance. Ask your loan officer, in writing, what the repricing basis is and whether there is a cap.
Stress test: what if your BPI home loan rate resets higher?
Take ₱3,000,000 over 20 years at 7.00% for year one. After 12 payments the balance is ₱2,928,631. Here is the new payment if the rate resets for the remaining 19 years:
| Rate after reset | New payment (₱3M loan) | Change vs ₱23,259 | Same reset on a ₱6M loan |
|---|---|---|---|
| 8.00% | ₱25,025 | +₱1,766 (+7.6%) | +₱3,532 |
| 9.00% | ₱26,853 | +₱3,594 (+15.5%) | +₱7,187 |
| 10.00% | ₱28,737 | +₱5,478 (+23.6%) | +₱10,957 |
For a ₱10M loan over 30 years, the same resets add about ₱6,713, ₱13,663 and ₱20,821 a month. A simple rule: budget for the payment at your rate plus two percentage points, not at today's rate. In the sabahay.ph loan calculator, turn on the rate reset, set the fixing period and type the rate after reset to see exactly this.
BPI also offers a Step Up PayPlan for home purchases: a lower first-year payment that rises by 5 to 10% every year, with a minimum term of 10 years, a ₱1,000,000 minimum loan and a rate lock of 3, 5 or 10 years. It eases early cash flow, but payments only climb, so ask for the year-5 and year-10 figures.
BPI home loan calculator examples: ₱3M, ₱6M and ₱10M
Assumptions: BPI's indicative 1-year rate of 7.00% and 5-year rate of 8.00%, held for the whole term (real loans reprice); level monthly payments; 90% financing and 10% down, the maximum BPI advertises, subject to appraisal. Figures are rounded estimates, not offers. The income line uses a 35% payment-to-income ratio, our assumption borrowed from Pag-IBIG's 4PH rules; BPI publishes only a ₱40,000 minimum household income.
Example 1: ₱3,000,000 loan (about a ₱3.33M condo at 90% financing)
| Term | Monthly at 7.00% (1-yr fix) | Monthly at 8.00% (5-yr fix) | Total interest at 7.00% |
|---|---|---|---|
| 20 years | ₱23,259 | ₱25,093 | ₱2,582,152 |
| 30 years | ₱19,959 | ₱22,013 | ₱4,185,267 |
- Property price at 90% financing: about ₱3,333,000; down payment about ₱333,000.
- Illustrative gross income needed (20 years, 7.00%): about ₱66,454 a month.
- The 30-year term saves about ₱3,300 a month but adds about ₱1.6M in interest.
- Early payments are mostly interest: ₱17,500 of the first payment, and still about half of payment 120. That is why prepaying early saves the most.
Example 2: ₱6,000,000 loan (about a ₱6.67M home)
| Term | Monthly at 7.00% (1-yr fix) | Monthly at 8.00% (5-yr fix) | Total interest at 7.00% |
|---|---|---|---|
| 20 years | ₱46,518 | ₱50,186 | ₱5,164,305 |
| 30 years | ₱39,918 | ₱44,026 | ₱8,370,534 |
- Property price at 90% financing: about ₱6,667,000; down payment about ₱667,000.
- Illustrative gross income needed (20 years, 7.00%): about ₱132,908 a month, which for many families means two incomes or an OFW salary.
Example 3: ₱10,000,000 loan (about an ₱11.1M property)
| Term | Monthly at 7.00% (1-yr fix) | Monthly at 8.00% (5-yr fix) | Total interest at 7.00% |
|---|---|---|---|
| 20 years | ₱77,530 | ₱83,644 | ₱8,607,174 |
| 30 years | ₱66,530 | ₱73,376 | ₱13,950,890 |
- Property price at 90% financing: about ₱11,111,000; down payment about ₱1,111,000.
- Illustrative gross income needed (30 years, 7.00%): about ₱190,086 a month.
- Check which term cap applies: BPI's main page says up to 30 years, but All-In Financing stops at 20.
For the same math applied to any lender, see our home loan calculator Philippines guide.
BPI vs Pag-IBIG home loan: the same loan, side by side
In May 2026 Pag-IBIG raised its maximum housing loan from ₱6M to ₱10M, and reports since June describe promotional rates of 4.5% and 5.75%, fixed for three years, for applications until 31 December 2026. Pag-IBIG's own statements (late June to 3 September 2026) put the 4.5% band at loans up to ₱4.9M, with 5.75% above that up to ₱10M; the first June reports said ₱2.5M. Confirm your tier with Pag-IBIG.
Monthly payment comparison table
| Loan | Term | Pag-IBIG promo (as reported) | BPI 1-yr 7.00% | BPI 5-yr 8.00% | Gap: BPI 1-yr minus Pag-IBIG |
|---|---|---|---|---|---|
| ₱3M | 20 years | ₱18,979 (4.5%) | ₱23,259 | ₱25,093 | ₱4,279 |
| ₱3M | 30 years | ₱15,201 (4.5%) | ₱19,959 | ₱22,013 | ₱4,759 |
| ₱6M | 20 years | ₱42,125 (5.75%) | ₱46,518 | ₱50,186 | ₱4,393 |
| ₱6M | 30 years | ₱35,014 (5.75%) | ₱39,918 | ₱44,026 | ₱4,904 |
| ₱10M | 20 years | ₱70,208 (5.75%) | ₱77,530 | ₱83,644 | ₱7,322 |
| ₱10M | 30 years | ₱58,357 (5.75%) | ₱66,530 | ₱73,376 | ₱8,173 |
Against BPI's 5-year 8.00% rate, the 30-year gaps widen to roughly ₱6,812, ₱9,012 and ₱15,019 a month.
Caveats: the promo rates reprice after three years, and you need to be an active member, typically with 24 monthly savings (confirm the current rule). See our Pag-IBIG housing loan guide for 2027 and Philstar's report on the ₱10M loan ceiling.
When a BPI housing loan still makes sense
- You are not a Pag-IBIG member, or you lack the contributions and cannot wait.
- Your loan is above Pag-IBIG's ₱10M ceiling.
- You are buying from a BPI-accredited developer and want the tie-up program, All-In Financing or the Step Up PayPlan.
- You want a fixing period longer than three years.
For banks, Pag-IBIG and in-house financing compared, read the home loan Philippines guide 2027.
BPI housing loan requirements: the documents checklist
Everything here comes from BPI's own list of housing loan requirements, checked 12 October 2026.
Eligibility basics: age, income, loan size
- At least 18 years old and not more than 70 at loan maturity.
- Minimum household income of ₱40,000; minimum loan of ₱400,000; financing up to 90% of property value, subject to appraisal.
- Eligible properties: house and lot, townhouse, condominium unit, vacant lot.
- Everyone: an application form and two valid IDs, such as PhilSys, SSS, driver's license or passport.
Employed, self-employed and pensioners
- Locally employed: current certificate of employment, latest three months of payslips, latest income tax return, and an authorization letter to verify employment.
- Pensioners: certificate of pension, pension-account bank statements and your SSN.
- Business owners: DTI registration or Mayor's permit, latest ITR with audited financial statements, six months of working-account statements, and trade references (at least three major suppliers and three major clients).
- Practicing professionals: working-account statements, latest ITR with audited financial statements, and your clinic or office address.
OFWs, seafarers and foreign buyers
- OFWs: latest employment contract and proof of bank remittances; seafarers add their crewing manager's details.
- An attorney-in-fact or loan administrator, preferably next of kin, with contact details and valid IDs, who can sign and follow up while you are abroad. Our OFW housing loan guide covers the special power of attorney step by step.
- Foreigners: a Filipino spouse acts as the primary borrower, and ownership rules still apply; see our guide for foreigners buying property in the Philippines.
Property and developer documents
- Copy of the title (CCT for a condo, TCT for land), plus the updated tax declaration, tax clearance and tax receipt.
- Private seller: notarized Contract-to-Sell or Offer-to-Sell. Accredited developer: the developer's Contract-to-Sell, letter of endorsement or official computation sheet.
- Un-accredited project: an appraisal fee; BPI's checklist lists a non-refundable ₱5,000 appraisal fee that includes title verification.
Costs your BPI home loan calculator will not show
Upfront bank fees and All-In Financing
BPI's All-In Financing illustration shows ₱90,000 in fees on a ₱3,000,000 loan (3%) for processing and handling, mortgage registration, documentary stamp tax, notarial fees and first-year fire insurance. Pay them in cash and your payment is ₱23,258.97; roll them into the loan and it becomes ₱23,956.74, about ₱698 more a month with nothing due upfront. All-In Financing is for individual buyers of partner-developer projects, with terms of 1 to 20 years. Treat the 3% as BPI's illustration, not a rule.
Insurance and taxes
- Mortgage redemption insurance: commonly required on bank housing loans; ask BPI whether it applies and what it costs.
- Fire insurance: BPI's sample covers the first year only, so ask how renewals are billed.
- Documentary stamp tax, registration and notarial fees: inside the ₱90,000 sample but not itemized; get the breakdown in writing.
How to apply for a BPI home loan and get a firm number
- Apply online or at a branch, then submit the requirements. Accredited brokers and developers can also route your application.
- Wait for the SMS. Approved applicants are asked to visit a branch or Loans Business Center. BPI publishes no turnaround time.
- Ask for the written computation: the rate on the day, the repricing basis, any promo or fee waiver, prepayment terms, insurance, and which term cap applies.
- Get a second quote from Pag-IBIG and one other bank, and compare all three with the rate reset turned on.
Ready to see what your budget buys? Browse homes for sale in your price range on sabahay.ph.
Bottom line and sources
On BPI's published table, ₱3M runs about ₱23,259 a month over 20 years at the 1-year 7.00% rate, ₱6M about ₱46,518 and ₱10M about ₱77,530. Pag-IBIG's reported promo rates come in roughly ₱4,300 to ₱8,200 a month lower for the same loans, with membership, ceiling and repricing conditions of their own. Whichever you choose, budget for the reset, not the first-year rate.
Sources (retrieved 12 October 2026): BPI's New Home, requirements, All-In Financing, Step Up PayPlan and promo pages; BSP policy decisions and August 2026 Monetary Policy Report; PSA September 2026 inflation (via GMA News); Philstar, SunStar and Daily Tribune reports on Pag-IBIG (May to September 2026).
sabahay.ph is not affiliated with BPI or Pag-IBIG. This is an independent explainer; all figures are estimates, and final rates, fees and approval are the lender's. Check BPI for the latest.
Frequently Asked Questions
How much is the monthly payment on a ₱3 million BPI home loan?
About ₱23,259 a month over 20 years at BPI's published 7.00% one-year rate, the exact figure in BPI's All-In Financing sample, or ₱25,093 at the 8.00% five-year rate. Over 30 years it is ₱19,959 at 7.00% and ₱22,013 at 8.00%. These exclude fees, insurance and any rate reset.
What is the BPI housing loan interest rate in 2026?
BPI's indicative table for new applications, checked 12 October 2026, shows 7.00% (1-year fixing), 7.25% (2-year), 7.75% (3-year), 8.00% (4- and 5-year), 10.25% (10-year), 10.50% (15-year) and 12.00% (20-year). A repricing rate applies after the fixing period. Check BPI for today's quote.
What is the maximum term and loanable amount of a BPI home loan?
Up to 90% of property value, subject to appraisal, with a ₱400,000 minimum loan and terms of 1 to 30 years on BPI's New Home page. All-In Financing caps the term at 20 years, and the Step Up PayPlan needs at least 10 years and ₱1,000,000.
What are the requirements for a BPI housing loan?
You must be 18 to 70 at loan maturity, with household income of at least ₱40,000. Submit an application form, two valid IDs and income documents (payslips and ITR if employed; permits, audited ITR and bank statements if self-employed; contract and remittances if an OFW), plus the title, tax declaration and Contract-to-Sell for the property.
Is a BPI home loan or a Pag-IBIG loan cheaper?
On published rates, Pag-IBIG: reported promo rates of 4.5% and 5.75%, fixed for three years, for applications until 31 December 2026, versus BPI's 7.00% to 8.00% for 1- to 5-year fixing. Over 30 years, ₱3M costs about ₱15,201 a month at Pag-IBIG versus ₱19,959 to ₱22,013 at BPI. Pag-IBIG requires membership and caps loans at ₱10M.
How much down payment and upfront cost does BPI require?
Down payment can be as low as 10%, subject to appraisal. BPI's own sample shows ₱90,000 in upfront fees on a ₱3M loan, or zero upfront under All-In Financing at ₱23,956.74 a month instead of ₱23,258.97. Un-accredited projects carry a non-refundable ₱5,000 appraisal fee.
Can OFWs and foreigners get a BPI home loan?
Yes. OFWs submit their latest contract and proof of remittances and name an attorney-in-fact in the Philippines, preferably next of kin; seafarers add crewing-manager details. Foreigners apply with a Filipino spouse as the primary borrower. You can apply online or at any BPI branch.
