If you took out a BPI home loan a few years ago, your interest rate has likely repriced upward. Nook can help you compare lenders and refinance to as low as 5.99% p.a. — completely free.
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Why this matters
BPI is one of the Philippines' most trusted home loan providers, but loyalty to your current bank doesn't always mean you're getting the best rate. After your fixed-rate period ends, BPI — like all Philippine banks — reprices your loan to a new interest rate, which is often higher than what competitive lenders are offering in the market today. Many BPI borrowers find themselves paying 8% to 10% p.a. when rates as low as 5.99% p.a. are available through refinancing. That gap can cost you hundreds of thousands of pesos over the life of your loan. You can explore how the numbers work in detail on our BPI Home Loan Refinance 2026: Rates, Process & Estimated Savings page.
Refinancing your BPI home loan means taking out a new loan — either with BPI itself or with a competing bank — to pay off your existing balance at a lower interest rate. Through Nook, you can apply to multiple partner banks simultaneously and let them compete for your loan. Our partner banks include BPI Family Savings Bank, which currently offers rates starting at 6.50% p.a. for a 5-year fixed term, with a minimum monthly income requirement of just 40,000 and typical approval in around 52 days. This is especially worth considering if your current repriced BPI rate is sitting at 8% or higher.
The good news is that switching banks is more straightforward than most homeowners expect, and Nook's service is 100% free to borrowers. We handle the paperwork, the bank comparisons, and the process coordination on your behalf. If you're curious about what the full switching process looks like, our guide on how to switch banks and save walks you through every step. Note that interest rates are subject to change — we recommend verifying current rates directly with your chosen lender before proceeding.
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, you can refinance your existing BPI home loan with any accredited bank in the Philippines. The new lender will pay off your outstanding BPI balance and you'll start a fresh loan with them at a lower rate. Nook can help you compare multiple banks at once so you don't have to apply one by one.
Through Nook's partner banks, refinance rates currently start at 5.99% p.a. For example, BPI Family Savings Bank offers a 5-year fixed rate of 6.50% p.a. and a 1-year fixed rate of 6.70% p.a. The rate you qualify for will depend on your loan amount, remaining term, income, and credit profile. Interest rates are subject to change, so we recommend confirming current rates when you apply.
Savings depend on your current rate, outstanding balance, and the new rate you qualify for. On a 3,000,000 loan with 20 years remaining, switching from 8.50% p.a. to 5.99% p.a. could save you over 3,000 per month — that's more than 550,000 in total interest over the life of the loan. Use Nook's free calculator to get an estimate based on your actual figures.
There are standard bank fees associated with refinancing, such as appraisal fees, documentary stamp tax, and registration costs — typically ranging from 30,000 to 80,000 depending on your loan amount. However, Nook's broker service is completely free to you as the borrower. In most cases, your monthly savings will recover these costs within 12 to 18 months.
The refinancing process typically takes between 45 and 90 days from application to loan release, depending on the receiving bank and the completeness of your documents. BPI Family Savings Bank, one of Nook's partner banks, has a typical approval timeline of around 52 days. Nook helps you prepare and submit your documents correctly the first time to avoid delays.
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