BPI offers home loan refinancing from 6.50% p.a. (5-year fixed) — if you're currently paying 8% or more, switching could save you over 58,000 pesos every year.
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Why this matters
BPI Family Savings Bank is one of the Philippines' most established home loan lenders — and in 2026, it remains a top destination for homeowners looking to refinance away from a higher-rate bank. Whether your current loan is with BDO, Metrobank, Security Bank, or any other lender, BPI accepts refinancing applications and offers competitive fixed rates: 6.70% p.a. on a 1-year fix and 6.50% p.a. on a 5-year fix. For most borrowers carrying rates of 8% to 10%, that gap translates into real, significant monthly savings. To understand the full process of switching, see our guide on how to switch your home loan to BPI in 2026.
Qualifying for a BPI refinance is straightforward if you meet the basics: a minimum monthly income of 40,000 pesos, a debt-to-income ratio of 40% or below, and employment in one of several accepted categories — private employees, government workers, BPO staff, OFWs and seafarers, self-employed professionals, and more. BPI's typical approval timeline is around 52 days, so borrowers should plan ahead rather than waiting until their current fixed-rate period expires. The loan can also be used for home equity purposes, renovation, or new construction — not just straight refinancing. For a full breakdown of requirements and what to prepare, our detailed page on BPI refinance eligibility and process in 2026 covers everything you need.
Applying through Nook means you don't pay a single peso in broker fees — our service is completely free to borrowers. We submit your application directly to BPI and other partner banks, help you compare offers side by side, and guide you through every step of the paperwork. If BPI turns out not to be the best fit, we'll tell you — and show you who is. That's the difference between going to one bank directly and using a mortgage broker who works for you.
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 refinancing. These rates are among the most competitive available from a major Philippine bank, and they apply to borrowers switching from any other lender. Note that interest rates are subject to change — always verify current rates directly with BPI or through Nook before applying.
Yes — BPI accepts refinancing applications from borrowers whose existing loans are with any bank, including BDO, Metrobank, Security Bank, PNB, RCBC, and others. You simply apply as if it were a new loan, and BPI uses the proceeds to pay off your existing lender. Nook can handle the coordination between both banks on your behalf.
BPI requires a minimum monthly income of 40,000 pesos and a maximum debt-to-income ratio of 40%. Accepted employment types include private employees, government workers, BPO staff, OFWs and seafarers, self-employed individuals, and licensed professionals. You'll also need to provide standard documents such as proof of income, a copy of your existing loan statement, and property title documents.
BPI's typical approval timeline is approximately 52 days from submission of a complete application. It's important to start the process well before your current fixed-rate period ends to avoid rolling onto a higher floating rate while you wait. Applying through Nook helps ensure your documents are complete from day one, which reduces the chance of delays.
Nook's service is 100% free for borrowers — there are no broker fees, application fees, or hidden charges for using our platform. We're compensated directly by the bank if your loan is approved, so you get independent guidance, bank comparison, and full application support at no cost to you. You can apply online in minutes and our team will reach out to walk you through the next steps.
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