BPI offers competitive fixed rates starting at 6.50% for a 5-year fix — but if you're still on an old repriced rate, you could be paying far more. Nook compares BPI and 10+ other banks to find you the lowest rate available, for free.
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Why this matters
BPI is one of the Philippines' most trusted home loan lenders, offering a range of fixed-rate periods — including 1-year fixed at 6.70% and 5-year fixed at 6.50% — alongside flexible loan purposes from refinancing and renovation to pre-selling and new construction. For many borrowers, BPI was the right choice when they first took out their loan. But here's the catch: after your fixed-rate period ends, your loan gets repriced — often at a significantly higher rate. Many Filipino homeowners are currently sitting on repriced rates between 8% and 10%, quietly losing thousands of pesos every single month without realising there's a better option available. If you want to understand exactly what your current BPI loan is costing you, our BPI Housing Loan Calculator can give you a clear picture of your monthly payments.
Refinancing is the process of replacing your existing home loan — whether it's with BPI or another bank — with a new loan at a lower interest rate. Through Nook, you can access BPI Family Savings Bank's competitive refinancing rates and compare them side by side with offers from over 10 other partner banks. BPI Family Savings Bank accepts borrowers from a wide range of employment types, including private employees, government workers, BPO professionals, OFWs, seafarers, and the self-employed, with a minimum monthly income requirement of just 40,000 pesos. Typical loan approval takes around 52 days, and the entire Nook service is completely free to you as the borrower — no broker fees, no hidden charges. For a full breakdown of what documents and eligibility criteria you'll need, check out the complete BPI housing loan requirements guide.
The smartest move any homeowner can make is to review their home loan rate at least once a year — especially when fixed-rate periods are about to expire. Even a 1.5 percentage point reduction on a 3,000,000 peso loan can save you tens of thousands of pesos annually over the remaining life of your loan. Nook's mortgage specialists handle the comparison, paperwork, and bank coordination on your behalf, so you get the best available rate without the hassle. Whether you're already with BPI and want to know if you can do better, or you're considering BPI as your refinancing destination, Nook gives you the full picture. Please note that all interest rates quoted are subject to change — always verify current rates directly with the bank or through a Nook advisor 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 currently offers a 1-year fixed rate of 6.70% per annum and a 5-year fixed rate of 6.50% per annum. Home equity loans are also available at 6.70%. These rates are subject to change, so we recommend confirming the latest figures with a Nook advisor or directly with BPI before applying.
When your fixed-rate period expires, BPI reprices your loan based on prevailing market rates at that time — which are typically significantly higher than your original introductory rate. Many repriced borrowers find themselves paying 8% to 10% or more, which is why reviewing your rate before repricing is one of the highest-value financial decisions you can make. Refinancing to a new fixed-rate loan resets the clock and locks in a lower rate.
Yes — Nook can help you refinance your current BPI loan either back to BPI Family Savings Bank at a new competitive rate, or to one of Nook's other partner banks if a better deal is available elsewhere. The entire service is free to you as the borrower, and Nook's specialists handle all the comparison and paperwork on your behalf.
BPI Family Savings Bank accepts a broad range of borrower profiles, including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and professionals. The minimum monthly income requirement is 40,000 pesos, and loan purposes include refinancing, home equity, renovation, reselling, ready-for-occupancy, pre-selling, new construction, and foreclosed properties.
BPI Family Savings Bank's typical approval timeline through Nook is around 52 days from submission of complete documents. You'll generally need to prepare income documents, valid IDs, property documents, and proof of existing loan details if refinancing. For a comprehensive checklist, visit our BPI housing loan requirements 2026 guide to make sure your application is complete from the start.
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