Use our free calculator to compute your BPI monthly amortization — then find out if you could be paying less with a lower refinance rate starting at 5.99% p.a.
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Why this matters
BPI is one of the Philippines' most trusted home loan providers, offering fixed-rate terms from 1 to 5 years with competitive pricing. Their 1-year fixed rate currently sits at 6.70% p.a. and their 5-year fixed rate at 6.50% p.a. — making BPI a strong option whether you're purchasing a new property or looking to refinance your existing loan. With a minimum monthly income requirement of ₱40,000 and approval timelines averaging around 52 days, BPI serves a wide range of borrowers including salaried employees, OFWs, self-employed professionals, and government workers. For a deeper look at how BPI stacks up against the competition, see our BPI vs Security Bank vs Metrobank home loan rates comparison.
If you already have an existing home loan — whether with BPI or another bank — it's worth calculating whether refinancing could lower your monthly amortization. Many Filipino homeowners took out loans at rates between 7% and 10%, and with rates now available as low as 5.99% p.a. through Nook, the monthly and long-term savings can be substantial. On a ₱3,000,000 loan with 20 years remaining, moving from 8.50% to a better rate can mean saving thousands of pesos every single month. You can also explore how BPI compares specifically against other lenders in our BPI vs RCBC home loan takeout rates breakdown.
Nook is the Philippines' first digital mortgage broker, and our service is completely free for borrowers. We work with BPI Family Savings Bank and other leading Philippine banks to find you the most competitive rate for your situation — handling the paperwork, comparisons, and coordination so you don't have to. Whether you're computing your BPI amortization for the first time or actively shopping for a refinance, Nook gives you the tools and guidance to make a confident, well-informed decision. Note that interest rates are subject to change; always verify current rates directly with the bank or through Nook before making a financial commitment.
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
Your monthly amortization depends on three factors: your loan amount, your interest rate, and your loan term. For example, a ₱3,000,000 loan at BPI's 5-year fixed rate of 6.50% over 20 years results in a monthly payment of around 22,361 pesos. Nook's free calculator does this math instantly — just enter your loan details to see your estimated amortization.
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. These are among the more competitive rates available in the Philippine market. Keep in mind that rates are subject to change, so it's always best to confirm the latest figures directly with BPI or through Nook.
Yes — BPI Family Savings Bank is a Nook partner bank, which means you can apply for a BPI refinance loan through Nook at no cost to you. Nook handles the comparison, paperwork, and bank coordination on your behalf, making the process faster and less stressful. BPI accepts refinancing applications from salaried employees, OFWs, self-employed individuals, and professionals.
BPI Family Savings Bank requires a minimum monthly income of ₱40,000 and a maximum debt-to-income ratio of 40%. They accept borrowers from a wide range of employment types including private and government employees, BPO workers, OFWs, seafarers, and self-employed professionals. Typical loan approval takes around 52 days from complete submission of documents.
If your current rate is 8% or higher, refinancing could save you a significant amount over the life of your loan — potentially hundreds of thousands of pesos in total interest. On a ₱3,000,000 loan with 20 years remaining, dropping from 8.50% to 5.99% could save you over 3,900 pesos per month. Use Nook's free calculator to see your personalized savings estimate before making a decision.
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