BPI offers competitive fixed-rate home loans starting at 6.50% p.a. — but if you're on an older repriced rate, you could be paying 7% to 10% or more. Nook helps you compare and refinance for free.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted home loan providers in the Philippines, offering a range of fixed-rate periods to help borrowers manage their monthly amortization. In 2026, BPI's published home loan rates include a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. — among the more competitive offerings from a major Philippine bank. However, many existing BPI borrowers are still on rates that were set 3–5 years ago, often between 8% and 10%, after their initial fixed period expired and their loan was repriced at a higher variable rate. If that sounds familiar, refinancing could save you tens of thousands of pesos every year. You can use this BPI home loan calculator guide to estimate what your current payments should be versus what they could be.
Refinancing your BPI home loan — whether to a better BPI product or to another Nook partner bank — is simpler than most homeowners expect. Through Nook, you can apply to multiple banks with a single application at zero cost to you. Nook's partner banks include BPI Family Savings Bank, which offers home loan refinancing with a minimum monthly income requirement of just ₱40,000 and typical approval within 52 days. Whether your goal is to lower your monthly payment, shorten your loan term, or unlock your home's equity, a refinance comparison through Nook is the best first step. To understand exactly what documents you'll need, check out the complete BPI housing loan requirements guide.
It's worth understanding how BPI structures its fixed-rate periods before you commit. BPI offers fixed terms of 1, 2, 3, 5, and 10 years, after which your rate is repriced based on prevailing market rates. The longer the fixed period, the more payment stability you get — but rates may differ. A 5-year fixed at 6.50% gives you 60 months of predictable payments, which is ideal if you plan to stay in the property long-term. After the fixed period ends, your rate typically adjusts upward, which is exactly when many borrowers benefit most from refinancing. Please note: interest rates are subject to change. Always 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, a Nook partner 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 home loan refinancing and purchase. These rates are among the most competitive available from a major Philippine bank, though rates are subject to change — always confirm the latest rates with BPI directly or through Nook.
Once your fixed-rate period expires, BPI reprices your loan based on prevailing market interest rates, which are often higher than your original fixed rate. Many borrowers see their rate jump to 8%, 9%, or even higher after repricing. This is the most common trigger for refinancing — Nook can help you compare options before your next repricing date.
Yes, you can refinance your existing BPI home loan to another bank if they offer a more competitive rate or better terms. Through Nook, you can compare multiple lenders simultaneously with a single free application. The new bank pays off your BPI balance, and you start fresh with a new loan at the lower rate.
The savings depend on your outstanding balance, remaining term, and the rate difference between your current loan and the new offer. For example, on a ₱3,000,000 loan with 20 years remaining, moving from 8.50% to 5.99% could save you roughly ₱3,750 per month — or over ₱675,000 across the remaining life of the loan. Use Nook's free refinance assessment to calculate your personal savings.
To qualify for refinancing through Nook's partner banks including BPI Family Savings Bank, you generally need a minimum monthly income of ₱40,000, a good credit standing, and a property with a clean title. Most employed borrowers — including private sector, government, BPO, and OFW applicants — are eligible. Nook's team will guide you through the full checklist at no charge.
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