If you have an existing home loan with BPI or another bank, you could be paying thousands more than necessary every month. Refinancing through Nook takes the guesswork out — compare top bank rates for free and switch to a lower payment in 2026.
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Why this matters
BPI is one of the Philippines' most trusted home loan providers, and many Filipino homeowners have been with them for years — sometimes decades. But loyalty doesn't always mean you're on the best rate. If your current BPI home loan was fixed two, three, or five years ago, there's a strong chance the rate you locked in then is significantly higher than what's available today. In 2026, the most competitive refinance rates start at just 5.99% p.a., and BPI's own refinance rates for 2026 are among the most competitive in the market — making this an excellent time to reassess.
Refinancing your BPI home loan doesn't have to mean leaving BPI. You have two options: refinance within BPI to a better repricing term, or switch to another bank entirely that's offering a sharper rate for your loan amount and profile. Either way, the goal is the same — reduce your monthly amortisation and free up cash for the things that matter. On a 3,000,000 loan with 20 years remaining, even a 2–3 percentage point reduction can save you over 4,000 pesos every single month. That's money back in your pocket without changing your lifestyle at all.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We compare rates across BPI Family Savings Bank and other leading Philippine banks, handle the paperwork coordination, and guide you through every step of the refinancing process. There are no broker fees, no hidden charges, and no obligation to proceed until you're confident in the numbers. If you want to understand how switching banks for a BPI refinance actually works, our team is ready to walk you through it. Note that interest rates are subject to change — always verify current rates 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, absolutely. Refinancing means a new bank pays off your existing BPI loan and gives you a fresh loan at a lower interest rate. The process typically involves property appraisal, income verification, and loan processing at the new bank — Nook coordinates all of this for you at no cost.
As of 2026, BPI Family Savings Bank 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 subject to change, so we recommend checking with Nook for the most current figures before applying.
Through BPI Family Savings Bank as a Nook partner, typical loan approval takes around 52 days from submission of complete documents. The timeline can vary depending on property appraisal schedules and how quickly documents are gathered — Nook helps you stay on track throughout the process.
Yes, BPI Family Savings Bank requires a minimum monthly income of 40,000 pesos for home loan applicants. They accept a wide range of 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're compensated by the bank once your loan is approved, which means you get full broker support, rate comparison across multiple lenders, and end-to-end application assistance at zero cost to you. There's no obligation to proceed until you're happy with the deal.
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