BPI offers some of the most competitive refinance rates in the Philippines — starting at 6.50% fixed for 5 years. If your current rate is above 7%, switching could save you thousands every month.
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Why this matters
BPI Family Savings Bank is one of the Philippines' most trusted home loan providers — and through Nook, you can apply to refinance your existing home loan to BPI completely free of charge. BPI's refinance rates start at 6.50% fixed for 5 years and 6.70% fixed for 1 year, making it one of the most attractive options for homeowners currently stuck on rates between 7% and 10%. Whether your loan is with BDO, Metrobank, Security Bank, or another lender, refinancing to BPI could meaningfully reduce your monthly amortisation. If you want to dig deeper into how BPI structures its pricing, our BPI home loan interest rates guide breaks it all down.
To qualify for a BPI home loan refinance, you'll need a minimum monthly income of ₱40,000 and a debt-to-income ratio of no more than 40%. BPI accepts a wide range of employment types — including private employees, government workers, BPO professionals, OFWs, seafarers, and self-employed individuals. The typical approval timeline is around 52 days, so it pays to get your documents in order early. For a full breakdown of what you'll need to prepare, see our BPI housing loan requirements checklist.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We handle the comparison, paperwork coordination, and bank submission on your behalf — so you don't have to deal with multiple banks on your own. We work directly with BPI Family Savings Bank as a partner, which means faster processing and a smoother experience from application to approval. All interest rates quoted are subject to change; we recommend verifying current rates with BPI or through Nook before submitting your application.
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 refinance rates starting at 6.50% fixed for 5 years and 6.70% fixed for 1 year or home equity loans. These are among the most competitive rates available in the Philippine market right now. Rates are subject to change, so we recommend confirming current pricing through Nook or directly with BPI before applying.
Yes — BPI accepts refinance applications from borrowers whose existing loans are held at other Philippine banks, including BDO, Metrobank, Security Bank, RCBC, and others. You'll need to provide your latest Statement of Account and proof that your loan is in good standing. Nook can help you prepare and submit everything without any fee to you.
BPI requires a minimum monthly income of ₱40,000 to qualify for a home loan refinance. This applies across employment types including private employees, government workers, BPO staff, OFWs, seafarers, and self-employed professionals. Your total monthly debt obligations (including your new amortisation) should not exceed 40% of your gross monthly income.
The typical approval timeline for a BPI home loan refinance is approximately 52 days from the time a complete application is submitted. Delays often happen when documents are incomplete or inconsistent, so it's important to prepare everything carefully upfront. Applying through Nook helps streamline this process since we review your documents before submission.
No — Nook's mortgage broker service is completely free for borrowers. We're compensated by the bank, not by you, so there's no cost to getting expert guidance, document support, and a managed application process. You get the same BPI rates you'd access directly, plus the benefit of having a dedicated advisor handle the process on your behalf.
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