BPI offers competitive fixed rates starting at 6.50% p.a. for a 5-year fix — but if you haven't reviewed your rate recently, you could be paying as much as 9% or more. See how much you could save by refinancing through Nook for free.
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Why this matters
BPI Family Savings Bank is one of the Philippines' most trusted home loan providers, offering fixed-rate packages for 1-year and 5-year terms at 6.70% p.a. and 6.50% p.a. respectively. These rates are available for a range of loan purposes including refinancing, home equity, new construction, pre-selling, RFO, and reselling — making BPI a flexible choice for Filipino homeowners at different stages of their property journey. If you're currently mid-loan and your fixed-rate period has already expired, chances are you've been repriced to a much higher variable rate without realising how much extra you're paying each month. You can use the BPI housing loan calculator to estimate your current payments and see what a lower rate could mean for your budget.
Refinancing your existing home loan — whether with BPI or another bank — means replacing your current mortgage with a new one at a better interest rate. Through Nook, you can compare BPI's rates alongside other Philippine banks and apply entirely online at no cost to you. Nook's service is 100% free for borrowers: we earn a referral fee from the bank, never from you. BPI Family Savings Bank requires a minimum monthly income of 40,000 and accepts a wide range of employment types including private employees, government workers, BPO employees, OFWs, seafarers, self-employed professionals, and more. Typical approval takes around 52 days, and the maximum debt-to-income ratio is 40%. For a full breakdown of what documents you'll need, see our complete BPI housing loan requirements guide.
Whether you're looking to refinance your current BPI loan to lock in a lower rate, or you're switching from another bank entirely, 2026 is a strong time to review your home loan. Interest rates across Philippine banks have become more competitive, and homeowners who locked in rates above 8% or 9% several years ago could be sitting on significant monthly savings. The key is acting before your next repricing cycle hits — once your fixed period resets, you may find yourself stuck at a higher rate for another year or more. Note that all interest rates quoted are subject to change and you should verify current rates directly with BPI or through Nook before making any financial decisions.
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 eligible borrowers. Home equity loans are also available at 6.70% p.a. These rates are subject to change, so it's worth verifying the latest figures directly with BPI or through Nook before applying.
Once your fixed-rate period expires, BPI will reprice your loan based on prevailing market rates at that time, which are typically higher than your original locked-in rate. Many borrowers are surprised to find their monthly payments jump significantly after repricing. This is often the best time to refinance — either back with BPI at a new fixed rate or with another bank offering a more competitive deal.
Yes — Nook can help you refinance your existing BPI home loan, whether you want to stay with BPI at a new rate or switch to a different bank entirely. The process is fully online and completely free for borrowers. Nook compares options across multiple Philippine banks and handles the paperwork on your behalf.
BPI Family Savings Bank accepts applicants with a minimum monthly income of 40,000 pesos and a debt-to-income ratio of no more than 40%. Eligible employment types include private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and professionals. Loan purposes covered include refinancing, home equity, new construction, pre-selling, RFO, renovation, and reselling.
BPI Family Savings Bank typically takes around 52 days to approve a home loan application from submission to release. Having complete and accurate documents ready from the start is the best way to avoid delays. Applying through Nook means you'll have a dedicated broker reviewing your file before submission, reducing the risk of back-and-forth with the bank.
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