Thousands of BPI borrowers are still paying rates above 8% or higher — Nook can help you refinance to as low as 5.99% p.a. and keep more money in your pocket every month.
YOUR POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
If you took out a BPI home loan a few years ago, there's a good chance your current interest rate no longer reflects what's available in the market today. Many Filipino homeowners are locked into rates of 8% to 10% — rates that made sense at the time but now cost them tens of thousands of pesos more each year than necessary. BPI home loan refinancing lets you replace your existing loan with a new one at a lower rate, reducing your monthly amortisation and freeing up cash for the things that matter most. Before you start, it helps to understand what BPI home loan interest rates look like in 2026 so you can benchmark your current deal.
Through Nook, you can compare refinancing options across multiple partner banks — including BPI Family Savings Bank, which offers fixed rates from as low as 6.50% p.a. for a 5-year fixed term. Nook's service is completely free for borrowers: no broker fees, no hidden charges. You simply submit your documents once, and Nook's team handles the comparison, coordination, and application on your behalf. If you're unsure what paperwork you'll need to prepare, check out the complete guide to BPI housing loan requirements to get a head start.
Refinancing is not just for borrowers in financial difficulty — it's a smart financial move for anyone whose loan rate is higher than what's currently available. Whether your goal is to lower your monthly payment, shorten your loan term, or access your home's equity, refinancing through Nook gives you access to competitive bank offers without the legwork of applying to each bank individually. Interest rates are subject to change, so it's worth acting sooner rather than later to lock in today's lower rates.
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 paying off your existing BPI loan with a new loan from another bank offering a better rate. Through Nook, you can be matched with partner banks like BPI Family Savings Bank, Security Bank, and others — all competing for your business. Nook handles the entire process at no cost to you.
The best refinance rate currently available through Nook is 5.99% p.a., and BPI Family Savings Bank offers rates from 6.50% p.a. for a 5-year fixed term and 6.70% p.a. for a 1-year fixed term. The rate you qualify for will depend on your loan amount, remaining term, income, and credit profile. Note that interest rates are subject to change — verify current rates when you apply.
Processing times vary by bank, but BPI Family Savings Bank typically approves applications within around 52 days. Nook helps streamline this by ensuring your documents are complete and correctly submitted from the start, reducing the chance of delays. Your timeline may also depend on how quickly third-party requirements like appraisal and title verification are completed.
BPI Family Savings Bank requires a minimum monthly income of 40,000 pesos and accepts a wide range of employment types including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and licensed professionals. If you're unsure whether you qualify, Nook can assess your profile and recommend the best-fit lender before you formally apply.
Nook's mortgage brokering service is 100% free for borrowers — you pay no broker or referral fees at any stage. However, standard bank-side costs such as appraisal fees, documentary stamp tax, mortgage registration fees, and notarial fees will still apply as part of the refinancing process. Nook will give you a clear breakdown of expected costs before you commit so there are no surprises.
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