BPI home loan interest rates start at 6.50% p.a. (5-year fixed) — but through Nook, you may qualify for a rate as low as 5.99% p.a. See how much you could save by refinancing today.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most established home loan providers in the country, and its rates are genuinely competitive — but that doesn't mean your current BPI mortgage is at the best rate available today. Many BPI borrowers took out their loans several years ago at rates between 7.5% and 10%, and have since had their loan repriced upward at each fixing period. If your loan has been repriced recently and your new rate feels high, now is the right time to compare. BPI's current fixed rates for 2026 start at 6.50% p.a. for a 5-year fix and 6.70% p.a. for a 1-year fix or home equity loan. These rates apply whether you're refinancing an existing loan or taking out a new one — and you can explore the full BPI refinancing rate breakdown here.
Refinancing your BPI home loan through Nook is completely free. As the Philippines' first digital mortgage broker, Nook compares rates across multiple lenders — including BPI Family Savings Bank as a verified partner — and handles your application end-to-end. The typical approval timeline for BPI Family Savings Bank is around 52 days, with a minimum monthly income requirement of ₱40,000 and a maximum debt-to-income ratio of 40%. BPI accepts borrowers from the private sector, government, BPO, OFW/seafarer, self-employed, and professional backgrounds, and supports loan purposes including refinancing, home equity, renovation, RFO, pre-selling, new construction, and reselling. If you're not sure what documents you'll need, our complete BPI housing loan requirements guide walks you through the full checklist.
The most common question we hear is: "Should I wait for my next repricing date or refinance now?" The honest answer depends on your current rate, your remaining loan balance, and how long you plan to stay in your home. But if you're paying above 7.5% on a loan of ₱2,000,000 or more, the math almost always favours acting sooner. Use the savings estimate above as a starting point, then let Nook run a full analysis for your specific loan. There's no cost and no obligation — just a clear answer on whether refinancing makes financial sense for you right now.
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 6.70% p.a. for a 1-year fixed rate and 6.50% p.a. for a 5-year fixed rate, with home equity loans also at 6.70% p.a. These rates are among the most competitive available from a major Philippine bank, though they are subject to change and you should verify the latest rates directly or through Nook before applying.
When your BPI home loan reaches the end of its fixed-rate period — typically 1, 2, 3, or 5 years — the bank will reprice your loan based on prevailing market rates at that time. This repricing can result in a significantly higher rate than you were previously paying. Rather than simply accepting BPI's repriced rate, you should use that window to compare offers from other lenders through a broker like Nook — you may be able to refinance to a lower rate than what BPI would set for your next fixing period.
Yes — refinancing a BPI home loan is one of the most common requests Nook handles. Whether your loan is currently with BPI and you want to stay with them at a better rate, or you want to switch to another lender entirely, Nook will compare your options across multiple banks at no cost to you. The key factors are your remaining loan balance, current rate, and how many years are left on your term.
Yes, Nook's service is completely free for borrowers — there are no broker fees, application fees, or hidden charges. Nook earns a referral fee from the bank when your loan is successfully approved, which means you get full broker support, rate comparison, and application assistance at zero cost. You'll only ever pay the standard bank fees associated with your loan itself.
BPI Family Savings Bank requires a minimum monthly income of ₱40,000 for home loan applicants. They accept a wide range of employment types including private-sector employees, government workers, BPO employees, OFWs and seafarers, self-employed individuals, and licensed professionals. If you're unsure whether your income profile qualifies, Nook can assess your eligibility before you formally apply.
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