Refinancing your home loan to BPI could save you thousands every month. See your actual savings in minutes — free through Nook.
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Why this matters
If your home loan is still sitting with your original bank at the rate you signed up years ago, there's a good chance you're overpaying significantly. Many Filipino homeowners are locked into rates of 8% to 10% — rates that made sense at the time but haven't kept pace with what's now available in the market. Refinancing to BPI Family Savings Bank is one of the most popular ways to bring that rate down, with fixed rates starting at 6.50% for a 5-year fixed term and 6.70% for a 1-year fixed or home equity loan. On a 3,000,000 peso balance over 20 years, even a 2–3 percentage point reduction translates to tens of thousands of pesos in annual savings.
BPI Family Savings Bank is a Nook partner bank, which means you can apply through Nook at zero cost and benefit from our broker support throughout the process. BPI accepts borrowers from a wide range of employment types — including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals — with a minimum monthly income requirement of 40,000 pesos. Typical approval takes around 52 days, and BPI's debt-to-income ratio cap of 40% is in line with industry standards, making it accessible for most qualified borrowers. If you want to understand the full eligibility requirements and step-by-step process for BPI refinancing in 2026, we've covered it in detail.
Switching your mortgage to BPI isn't complicated, but it does require submitting the right documents and understanding how your new loan terms compare to your existing ones. Nook makes this easier by handling the comparison work for you — we match your profile against multiple partner banks including BPI to show you which lender offers the best rate for your specific situation. There are no broker fees, no hidden charges, and no obligation to proceed. If you're ready to explore what switching looks like in practice, our guide on how to switch your home loan to BPI walks you through exactly what to expect. Interest rates are subject to change — always verify current rates directly with BPI or through Nook before making a 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
Yes — refinancing from another bank to BPI is a standard and widely used option in the Philippines. BPI Family Savings Bank accepts refinancing applications from borrowers whose current mortgage is held with a different lender, as long as you meet their eligibility requirements on income, employment type, and loan-to-value ratio. Nook can help you check your eligibility and prepare your application at no cost.
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 for refinancing. Home equity loans are also available at 6.70%. These rates are subject to change, so we recommend confirming current rates with BPI directly or through Nook before submitting your application.
BPI Family Savings Bank has a typical approval turnaround of around 52 days from complete document submission. This timeline can vary depending on the complexity of your application, the property type, and how quickly all required documents are received. Applying through Nook helps ensure your documents are complete upfront, which can reduce delays.
BPI requires a minimum combined monthly income of 40,000 pesos and applies a maximum debt-to-income (DTI) ratio of 40%, meaning your total monthly loan obligations — including the new mortgage — should not exceed 40% of your gross monthly income. BPI accepts various employment types including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals.
No — Nook's service is completely free for borrowers. We are a licensed mortgage broker and earn a referral fee from the bank, not from you. You get access to Nook's comparison tools, document support, and broker guidance at zero cost, with no obligation to proceed after seeing your options.
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