Transfer your existing home loan to BPI Family Savings Bank and unlock rates as low as 6.50% p.a. — with Nook handling the entire process for free.
YOUR POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
If you took out your home loan a few years ago, there's a good chance you're still paying an interest rate of 8% to 10% — well above what's available in today's market. BPI Family Savings Bank, a Nook partner bank, currently offers fixed rates starting at 6.50% p.a. for a 5-year fixed term and 6.70% p.a. for a 1-year fixed term. For a ₱3,000,000 loan balance with 20 years remaining, that difference can translate to over ₱4,000 in monthly savings and hundreds of thousands of pesos over the life of your loan. Refinancing to BPI isn't just about chasing a lower number — it's about restructuring your debt so it works harder for you.
BPI Family Savings Bank accepts borrowers across a wide range of employment types, including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum qualifying income is ₱40,000 per month, and the maximum debt-to-income ratio is 40%. Typical approval takes around 52 days, and BPI supports loan purposes ranging from refinancing and home equity to renovation, new construction, and pre-selling. If you want to see how BPI stacks up against other lenders, check out our BPI Home Loan Refinance savings guide for a deeper breakdown.
When you apply through Nook, you get a free digital mortgage broker working on your behalf — no fees, no markups, no pressure. Nook compares BPI's rates against the rest of the market so you can be confident you're getting the best deal available to you. We'll guide you through document preparation, bank submission, and follow-ups all the way to approval. If you're ready to see the numbers for your specific loan, read our step-by-step guide to transferring your loan to BPI and find out exactly what to expect at every stage. Interest rates are subject to change — always verify current rates directly with the bank or through Nook 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
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 home loan refinancing. The 5-year fixed option is popular among borrowers who want longer-term payment certainty at a lower rate. Note that interest rates are subject to change, so confirm the latest rates with Nook or BPI directly before applying.
BPI Family Savings Bank accepts borrowers with a minimum monthly income of ₱40,000 and a debt-to-income ratio of no more than 40%. Eligible employment types include private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. Your existing loan should ideally have at least 5 years remaining and a good payment track record.
BPI Family Savings Bank typically processes and approves home loan refinance applications in approximately 52 days from submission of complete documents. The timeline can be shorter if your documents are well-prepared and complete from the start — this is one area where Nook's broker service makes a real difference. We help you get your documents right before submission to avoid back-and-forth delays.
You'll generally need a valid government-issued ID, your latest 3 months' payslips or ITR (depending on employment type), a Certificate of Employment, your latest 6 months' bank statements, and documents related to the property such as the TCT, tax declaration, and latest real property tax receipt. Your current bank will also need to provide a statement of account showing your outstanding loan balance. Nook provides a personalised document checklist based on your employment type and loan details.
Nook's service is 100% free to borrowers — there are no broker fees, no hidden charges, and no markups on the bank's rates. Nook is compensated directly by the bank upon successful loan disbursement, which means your quoted rate is exactly what you pay. The only costs you should budget for are standard bank fees such as appraisal, documentary stamps, and registration charges, which apply regardless of how you apply.
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