Homeowners paying 8% or more on their current home loan could save over 4,800 a month by refinancing to BPI through Nook — for free.
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Why this matters
BPI is one of the Philippines' most established and trusted home loan lenders, and in 2026 it remains a top choice for homeowners looking to refinance. Through Nook, you can access BPI's current refinance rates — starting at 6.50% for a 5-year fixed term — and get expert guidance through every step of the application process at absolutely no cost to you. If your existing home loan is with another bank and you're still paying rates in the 8–10% range, refinancing to BPI could cut your monthly amortisation significantly. To understand exactly what BPI looks for, see our complete guide to BPI housing loan requirements before you start your application.
The BPI refinance process typically takes around 52 days from submission to loan release, which is competitive among Philippine banks. Here's what to expect: first, you'll submit your application with supporting documents (income, property, and existing loan documents); BPI will then conduct credit evaluation and property appraisal; once approved, you'll sign the new loan agreement and BPI will coordinate the redemption of your existing mortgage. Nook's team guides you through each of these stages, follows up with the bank on your behalf, and makes sure nothing falls through the cracks. You can also use our BPI housing loan calculator to model your exact monthly savings before you apply.
To qualify for a BPI home loan refinance, you'll generally need a minimum monthly income of 40,000, a debt-to-income ratio not exceeding 40%, and a property with a clean title. BPI accepts applicants from a wide range of employment types — including private employees, government workers, BPO professionals, OFWs, seafarers, and the self-employed — making it accessible for most Filipino homeowners. Interest rates are subject to change, so always verify the latest figures directly with BPI or through your Nook advisor before finalising your 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 currently offers refinance rates starting at 6.50% per annum for a 5-year fixed term, and 6.70% for a 1-year fixed term. These rates are available through Nook at no cost to the borrower. Note that rates are subject to change — check our BPI home loan interest rates guide for the latest figures.
The typical BPI home loan refinance takes approximately 52 days from complete document submission to loan release. This includes credit evaluation, property appraisal, and coordination with your existing lender for mortgage redemption. Nook helps ensure your documents are complete upfront to avoid unnecessary delays.
You'll generally need valid government-issued IDs, proof of income (payslips, ITR, or business documents depending on your employment type), your existing loan statement of account, and property documents including the Transfer Certificate of Title (TCT) and tax declaration. BPI may request additional documents during evaluation. Our BPI housing loan requirements guide has a complete checklist.
BPI typically requires a minimum loan amount of 500,000 for home loan refinancing, though this can vary depending on your property's appraised value and your financial profile. Most refinancing borrowers through Nook have loan balances between 1,500,000 and 6,000,000. Your Nook advisor can confirm eligibility based on your specific situation.
No — Nook's service is completely free for borrowers. Nook is compensated by the bank upon successful loan release, so there is no charge to you at any stage of the process. You get full broker support, document preparation guidance, and bank follow-ups without paying a single peso.
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