Whether you want to refinance into BPI or move out of BPI to a lower rate, Nook helps you compare both options — completely free.
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Why this matters
BPI is one of the Philippines' most trusted home loan providers — but trust alone shouldn't determine your rate. If you took out your home loan more than two years ago, there's a good chance your current interest rate is significantly higher than what's available today. BPI's refinance rates start at 6.50% for a 5-year fixed term, which can translate to thousands of pesos in monthly savings compared to the 8–10% rates many homeowners are still paying. Refinancing into BPI through Nook means you get a dedicated broker handling your application at no cost to you, with a typical approval timeline of around 52 days.
Not sure BPI is the right fit? That's exactly why Nook exists. As the Philippines' first digital mortgage broker, we compare BPI alongside multiple partner banks so you can see your best available rate — not just one bank's offer. If your current lender is BPI and you feel locked into a high re-pricing rate, you may have more options than you think. Switching banks to save on your BPI home loan is more straightforward than most homeowners expect, and Nook manages the entire process for free. Whether you're refinancing in or out, the goal is the same: get you to a rate that actually works for your budget.
BPI accepts a wide range of borrower profiles — private employees, government workers, BPO staff, OFWs, seafarers, self-employed professionals, and more — with a minimum monthly income requirement of 40,000 pesos. Loan purposes include refinancing, home equity, renovation, new construction, and resale properties. If you want to understand how BPI's rates and process compare in full detail, see our complete BPI refinance rate and process guide for 2026. As always, interest rates are subject to change — verify the latest figures directly with the bank or through Nook before making any 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's refinance rates are 6.70% for a 1-year fixed term and 6.50% for a 5-year fixed term. These rates are subject to change, so we recommend checking with Nook for the most up-to-date figures before applying.
Yes — if your BPI loan is re-pricing at a rate higher than what other banks are offering, you can refinance out of BPI to a competing lender. Nook compares multiple partner banks so you can see all your options side by side and choose the rate that saves you the most.
BPI's typical approval timeline through Nook is around 52 days from complete document submission. Your Nook broker will guide you through every step and help you prepare documents correctly to avoid delays.
BPI requires a minimum monthly income of 40,000 pesos and a maximum debt-to-income ratio of 40%. BPI accepts borrowers who are privately employed, government employees, BPO workers, OFWs, seafarers, self-employed, and licensed professionals.
Nook's service is completely free for borrowers — there are no broker fees, application fees, or hidden charges on Nook's end. Nook is compensated by the bank upon successful loan disbursement, so you get expert guidance at zero cost to you.
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