BPI home loan interest rates start from 6.50% fixed for 5 years — and if you're currently paying 8% or more, refinancing through Nook could save you over 58,000 pesos every year.
BPI REFINANCE SAVINGS ESTIMATE
No commitment. No credit check. Just your numbers.
Why this matters
BPI (Bank of the Philippine Islands) is one of the country's most trusted home loan providers, and their 2026 rates remain competitive for both new borrowers and those looking to refinance. Through Nook, BPI Family Savings Bank offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. — giving you the flexibility to choose short-term affordability or longer-term stability. If your current loan is sitting at 8%, 9%, or higher (which is common for loans taken out before 2023), refinancing to BPI through Nook could meaningfully reduce your monthly outgoings from day one. You can use the BPI housing loan calculator to model your exact savings before you apply.
One thing many homeowners don't realise is that your BPI home loan rate doesn't stay fixed forever. After your initial fixed-rate period ends, your loan gets repriced — often to a higher variable rate based on prevailing market conditions. This is the moment when many Filipinos discover they're suddenly paying significantly more than they budgeted for. Refinancing before or at repricing is one of the smartest financial moves you can make, and Nook makes it straightforward by comparing BPI's rates against other lenders so you always know you're getting the best available deal. For a full breakdown of what documents and eligibility criteria apply, see our complete BPI housing loan requirements guide.
Nook's service is completely free for borrowers. There are no broker fees, no hidden charges, and no obligation to proceed. Our team handles the paperwork, liaises directly with BPI on your behalf, and keeps you updated throughout the process. BPI Family Savings Bank typically approves applications within 52 days, requires a minimum monthly income of 40,000 pesos, and accepts a wide range of employment types including private employees, government workers, OFWs, seafarers, self-employed professionals, and BPO workers. Whether you're refinancing an existing loan or purchasing a new property, BPI's loan purposes cover refinancing, renovation, home equity, RFO units, pre-selling, new construction, reselling, and foreclosed properties. Please note that interest rates are subject to change — always verify the latest rates with BPI or through Nook before making a financial decision.
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 offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.70% p.a. for home equity, with the 5-year fixed at 6.50% p.a. for standard home loans. These rates are among the most competitive available from a major Philippine bank in 2026. Note that rates are subject to change — contact Nook or BPI directly to confirm the latest figures before applying.
When your fixed-rate period expires, BPI reprices your loan based on a reference rate plus a spread — which can result in a noticeably higher monthly payment. Many borrowers are caught off guard by this repricing event, especially if market rates have moved since they originally took out their loan. This is one of the most common reasons homeowners refinance: to reset onto a new fixed period at a competitive rate before their payments increase.
Yes — refinancing is one of BPI Family Savings Bank's supported loan purposes, and Nook specialises in helping homeowners make this switch. Nook acts as your mortgage broker at zero cost, comparing BPI's rates with other partner banks and managing the application process end to end. Typical approval takes around 52 days, and you'll need a minimum monthly income of 40,000 pesos to qualify.
BPI Family Savings Bank accepts applications from a wide range of employment types, including private sector employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is 40,000 pesos, and your total debt obligations should not exceed 40% of your gross monthly income (the maximum debt-to-income ratio). For a full checklist of documents and requirements, see our detailed guide.
Yes, completely free. Nook earns a referral fee from the bank if your loan is approved and disbursed — you never pay anything for Nook's service. There are no broker fees, processing charges, or hidden costs on Nook's side. You get the same BPI rates you would applying directly, but with expert guidance, document support, and multi-bank comparison included at no cost.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →