Thousands of Filipino homeowners are refinancing away from high legacy rates. Nook can help you switch banks and lock in as low as 5.99% p.a. — completely free.
YOUR POTENTIAL MONTHLY SAVINGS
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Why this matters
If you took out a BPI home loan a few years ago, there's a good chance your current interest rate is somewhere between 7.5% and 10% — especially if you're past your initial fixed-rate period and have rolled onto a repriced rate. That repriced rate can quietly add tens of thousands of pesos to your annual interest bill. BPI home loan refinance means you don't have to accept whatever rate your current bank offers at repricing time. You have the right to move your loan — and in 2026, the market is competitive enough that switching banks can save you serious money. See how BPI's current home loan interest rates compare to what other lenders are offering right now.
Through Nook, you can refinance your existing BPI mortgage to another lender — or if you're with another bank, you can refinance into BPI Family Savings Bank, a Nook partner offering fixed rates from 6.50% p.a. on a 5-year fix. BPI Family Savings Bank approves loans in approximately 52 days, accepts borrowers earning from ₱40,000/month, and accommodates a wide range of employment types including private employees, OFWs, self-employed professionals, and BPO workers. The loan-to-income flexibility (up to 40% debt-to-income ratio) means more borrowers qualify than they expect. Whether you want to refinance into BPI or out of it, Nook will compare all available options and show you where the savings are greatest — at no cost to you.
The refinancing process in the Philippines involves documentary requirements, appraisal fees, and legal documentation, but Nook's team handles the complexity end-to-end. You won't need to visit multiple banks or decode competing term sheets on your own. Our mortgage brokers compare offers across all partner lenders, prepare your application, and coordinate with the bank on your behalf. Review the BPI housing loan requirements to understand what documents you'll need before you apply. Interest rates shown are indicative and subject to change — our team will confirm the latest rates available to you based on your profile.
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. You are not locked in to BPI indefinitely — once your fixed-rate period ends (or in some cases even before, subject to pre-termination fees), you can transfer your outstanding loan balance to another lender offering a better rate. Nook compares rates across all major Philippine banks and will identify which lender offers you the most savings based on your outstanding balance, remaining term, and income profile.
BPI Family Savings Bank, a Nook partner 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 home loan refinancing. These are among the most competitive rates in the market right now, though rates are subject to change and you should verify the current offer when you apply. Through Nook, you can apply to BPI Family Savings Bank for free with full broker support.
Typical approval time through BPI Family Savings Bank is around 52 days from submission of complete documents. Processing time can vary depending on the completeness of your documents and property appraisal scheduling. Nook helps you prepare a complete application upfront to avoid delays and back-and-forth requests from the bank.
Refinancing costs typically include a property appraisal fee, registration and documentary stamp taxes, notarial fees, and potentially a pre-termination fee from your existing lender if you are still within a lock-in period. These one-time costs are usually recovered within 12 to 18 months of lower monthly payments if your rate reduction is meaningful. Nook's service to you as a borrower is completely free — we are compensated by the bank, not by you.
No — Nook helps homeowners refinance regardless of which bank currently holds their mortgage. Whether you're with BDO, Metrobank, Security Bank, Pag-IBIG, or any other lender, Nook will compare options across all partner banks including BPI Family Savings Bank to find you the lowest available rate. The entire service is free for borrowers, and you can use our BPI loan calculator to estimate your potential new monthly payment before you even speak to anyone.
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