BPI REFINANCE 2026

Switch Banks, Keep More Money
Overpaying Your Bank?

By the Nook Editorial Team · Reviewed to Nook's editorial standards

Homeowners refinancing to BPI through Nook are saving thousands every month — see exactly how much you could save by switching from your current bank to BPI's competitive fixed rates.

YOUR ESTIMATED MONTHLY SAVINGS

8.50%
Your likely rate
5.99%
Best available
₱3,609
estimated monthly savings on a ₱3,000,000 loan

No commitment. No credit check. Just your numbers.

2,400+
Homeowners helped
₱9.2K
Avg. monthly savings
15
Partner banks
100%
Free service

Why this matters

Your bank is counting on you not checking.

If your home loan is still sitting with your original bank at the rate you signed years ago, there's a good chance you're overpaying every single month. BPI is one of the Philippines' most trusted home lenders, and through Nook, eligible borrowers can access BPI's 5-Year Fixed rate of 6.50% p.a. — significantly lower than the 8% to 10% rates many homeowners are currently locked into. On a ₱3,000,000 loan with 20 years remaining, that difference can mean over ₱3,600 back in your pocket every month. You can explore the full breakdown of rates and timelines in our BPI refinance 2026 rates and process guide.

Refinancing to BPI through Nook is straightforward. BPI accepts borrowers from a wide range of employment backgrounds — including private employees, government workers, OFWs, seafarers, self-employed professionals, and BPO workers — with a minimum monthly income of ₱40,000. The typical approval timeline is around 52 days, and Nook handles the entire broker process for you at zero cost. There are no broker fees, no hidden charges, and no obligation to proceed until you've seen your actual offer. If you're weighing your options, our BDO vs BPI refinance rate comparison can help you decide which bank fits your situation best.

The best time to refinance is before your current fixed-rate period expires and your loan reprices — often to a much higher rate. Whether you're mid-term or approaching repricing, Nook can show you what BPI will offer you today and help you lock in a lower rate before costs climb further. Interest rates are subject to change, so it's worth getting your personalised estimate now while BPI's current rates are available.

The monthly numbers on a ₱3,000,000 balance

Current payment at 8.50% ₱26,035
Refinanced payment at 5.99% ₱22,426
Monthly savings ₱3,609
Annual savings ₱43,308
Total savings over remaining term ₱649,620

Three steps. No paperwork until you decide.

1

Check your rate (60 seconds)

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.

2

Talk to a Nook consultant (15 minutes)

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.

3

Nook handles everything

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

What homeowners considering refinancing to BPI ask us.

What is BPI's current home loan refinance interest rate?

BPI 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. Rates are subject to change, so we recommend applying through Nook to get a confirmed rate based on your specific loan details and borrower profile.

Can I refinance my existing home loan from another bank to BPI?

Yes — refinancing from another bank to BPI is exactly what this process is designed for. Whether your current loan is with BDO, Metrobank, Security Bank, or any other lender, BPI can refinance your outstanding balance as long as you meet their eligibility requirements. Nook will guide you through the entire switch at no cost to you.

What are BPI's requirements to qualify for a refinance?

BPI requires a minimum monthly income of ₱40,000 and a maximum debt-to-income ratio of 40%. They accept a wide range of borrower types including private employees, government workers, OFWs, seafarers, BPO employees, and self-employed professionals. You'll also need standard documents such as proof of income, a copy of your existing loan statement, and property titles.

How long does BPI's refinance approval process take?

BPI's typical approval timeline is around 52 days from submission of complete documents. Nook helps you prepare and submit your application correctly the first time, which reduces the risk of delays due to missing or incorrect paperwork. You'll have a dedicated advisor keeping you updated throughout.

Is there a fee to refinance through Nook?

Nook's service is completely free for borrowers — there are no broker fees, application fees, or hidden charges. Nook is compensated by the bank upon successful loan disbursement, so you get full broker support, rate comparisons, and application assistance at zero cost to you.

Every month you wait costs you ₱3,609.

Check your exact savings in 60 seconds. It's free and takes no commitment.

Check My Savings Now →