BPI offers some of the most competitive home loan rates in the Philippines — but if you took out your loan a few years ago, you could be paying significantly more than today's best available rate of 5.99% p.a. See how much you could save by refinancing.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the country's most trusted home loan providers, offering fixed-rate options that give borrowers payment certainty across their loan term. For 2026, BPI's published rates start at 6.50% for a 5-year fixed and 6.70% for a 1-year fixed — genuinely competitive figures in the current market. However, if your existing BPI home loan was locked in at a higher rate before these pricing improvements, your monthly payments may be considerably higher than they need to be. Many Filipino homeowners are still servicing loans at 8% to 10%, simply because they haven't explored refinancing. You can use BPI's home loan calculator to estimate your current repayments and compare them against today's rates.
Refinancing your BPI home loan — whether to a lower fixed rate within BPI itself or to another lender offering better terms — is a straightforward process when you work with Nook. As the Philippines' first digital mortgage broker, Nook compares rates across multiple partner banks including BPI Family Savings Bank, and handles the entire application on your behalf at zero cost to you. There are no broker fees, no hidden charges, and no obligation to proceed. Nook's role is to find you the best available rate for your loan profile, submit a complete application, and shepherd it through to approval. BPI Family Savings Bank, a Nook partner, typically approves applications within 52 days and accepts borrowers from a wide range of employment types — including OFWs, self-employed professionals, and BPO workers — with a minimum monthly income requirement of 40,000 pesos.
When evaluating BPI home loan interest rates, it's important to understand the difference between fixed and variable (adjustable) rate structures. A fixed rate locks in your monthly payment for the chosen period — 1 year or 5 years — giving you predictability and protection if market rates rise. After the fixed period ends, the rate reprices based on prevailing market conditions, which is typically the moment homeowners discover they're suddenly paying much more. If your BPI loan is approaching or has recently passed a repricing date, now is an ideal time to review your options. Check our complete BPI refinancing guide to understand exactly how the process works and what to expect at each stage. Note that all interest rates are subject to change — always verify current rates directly with the bank 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
Through Nook, BPI Family Savings Bank is currently offering 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 right now. Rates are subject to change, so it's best to check directly with Nook or BPI for the most up-to-date figures before you apply.
Yes — if your current BPI loan rate is above 6.50%, refinancing could reduce your monthly payment and free up significant cash over the life of your loan. You can refinance with BPI itself or switch to another lender offering better terms, and Nook will compare both options for you at no cost. The key factors are your remaining loan balance, the years left on your term, and your current income situation.
BPI Family Savings Bank typically processes and approves home loan applications within approximately 52 days when a complete set of documents is submitted. Working through Nook can help speed this up, as Nook's team reviews your documents before submission to avoid delays caused by missing or incorrect paperwork. Complex cases involving self-employed borrowers or properties under litigation may take longer.
BPI Family Savings Bank requires a minimum monthly income of 40,000 pesos for home loan applicants. This applies across most employment types including private employees, government workers, BPO employees, OFWs, seafarers, and self-employed professionals. Combined spousal income may also be used to meet this threshold in some cases.
Yes, Nook's service is completely free for borrowers — there are no broker fees, application fees, or charges of any kind. Nook earns a referral fee from the bank upon successful loan approval, which means you get expert guidance, document checking, and rate comparison at zero cost to you. You're never obligated to proceed, and Nook will only recommend a refinance if the numbers genuinely work in your favour.
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