Thousands of BPI home loan borrowers are paying 7% or more when they could be refinancing to rates as low as 6.50% p.a. — Nook helps you switch for free.
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Why this matters
BPI Family Savings Bank is one of the Philippines' most trusted home loan providers — and in 2026, it also offers some of the most competitive refinance rates available. Whether you originally took out your mortgage with BPI or another bank, refinancing to BPI's current rates of 6.70% (1-year fixed) or 6.50% (5-year fixed) could reduce your monthly amortisation by thousands of pesos. For a loan balance of 3,000,000 with 20 years remaining, moving from a typical 8.50% rate to BPI's 5-year fixed rate of 6.50% saves over 3,400 pesos every single month. That's real money back in your household budget. If you're comparing your options, our BDO vs BPI housing loan interest rates comparison breaks down how the two banks stack up side by side.
BPI Family Savings Bank accepts a wide range of borrower profiles — including private employees, government workers, BPO professionals, OFWs, seafarers, and the self-employed — with a minimum monthly income requirement of just 40,000 pesos. Their typical approval timeline is around 52 days, and they support a broad range of loan purposes including refinancing, renovation, home equity, and new construction. If your current loan is with a different bank and you want to switch to BPI, you can learn more about the process on our dedicated BPI refinance switching guide.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We work directly with BPI Family Savings Bank as a verified partner, which means we can help you secure competitive rates, prepare your documents, and guide you through every step of the application — without charging you a single peso. Interest rates are subject to change, so we recommend connecting with a Nook advisor to verify the latest rates and find the best structure for your specific situation.
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 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. These rates are among the most competitive in the Philippine market and are available to qualified borrowers applying through Nook. Rates are subject to change, so it's best to confirm the latest figures with a Nook advisor before submitting your application.
Yes — BPI accepts refinancing applications from borrowers whose existing loans are held at other banks, including BDO, Metrobank, Security Bank, and others. This is called an external refinance or bank switch, and it's one of the most common ways Filipino homeowners lower their monthly payments. Nook can guide you through the entire process, from comparing your current rate to submitting your BPI application.
BPI Family Savings Bank requires a minimum monthly income of 40,000 pesos and a maximum debt-to-income ratio of 40%. They accept a wide variety of employment types including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. As long as your loan account is in good standing and your property has sufficient equity, you are likely eligible to apply.
BPI Family Savings Bank's typical approval timeline for home loan refinancing is approximately 52 days from the time your complete application and documents are submitted. This includes credit evaluation, property appraisal, and loan documentation. Working with Nook helps streamline the process because our advisors ensure your application is complete and properly prepared before submission, reducing the chance of delays.
Yes, Nook's mortgage brokerage service is 100% free to the borrower. We are compensated directly by the bank, not by you, so there are no broker fees, consultation charges, or hidden costs for using our service. You get expert guidance, access to BPI's partner rates, and end-to-end application support — all at no cost to you.
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