Thousands of Filipino homeowners are still paying 8% or more on their BPI home loan. Refinancing through Nook could cut your monthly payment by over 4,000 pesos — and our service is 100% free.
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Why this matters
BPI Family Savings Bank is one of the Philippines' most trusted home loan providers, and if you took out your loan a few years ago, there's a good chance your current rate is well above what's available in today's market. BPI's current fixed rates start at 6.50% for a 5-year fixed term and 6.70% for a 1-year fixed term — significantly lower than the 8–10% rates many existing borrowers are locked into. Refinancing means replacing your old loan with a new one at a lower rate, which directly reduces your monthly amortisation and frees up cash every single month. To understand exactly what you qualify for, it helps to review BPI's current home loan interest rates before you apply.
The refinancing process with BPI Family Savings Bank through Nook typically takes around 52 days from application to approval. To qualify, you'll need a minimum monthly income of 40,000 pesos and a debt-to-income ratio no higher than 40%. BPI accepts a wide range of borrower profiles including employees in the private sector, government workers, BPO professionals, OFWs, seafarers, and self-employed individuals. Nook handles the paperwork, bank coordination, and comparison on your behalf — at zero cost to you. If you want to get your documents in order early, check out the full BPI housing loan requirements checklist to see exactly what you'll need.
Refinancing your BPI home loan isn't just about getting a lower number on paper — it's about real pesos back in your pocket every month. On a 3,000,000 peso loan with 20 years remaining, switching from 8% to BPI's 5-year fixed rate of 6.50% can save you nearly 35,000 pesos a year. Over the life of the loan, that compounds into significant wealth you keep instead of paying to the bank. Whether you're mid-term on a BPI loan or approaching a repricing date, now is an ideal time to review your options. Note that all interest rates are subject to change — we recommend verifying current rates with BPI or through Nook before making any decisions.
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 BPI home loan back with BPI Family Savings Bank — this is sometimes called internal refinancing or repricing. However, it's worth comparing BPI's current offer against other banks before committing, since external refinancing often yields better rates. Nook can run this comparison for you at no cost so you make an informed decision.
BPI Family Savings Bank currently offers a 1-year fixed rate of 6.70% and a 5-year fixed rate of 6.50% for home loan refinancing. These rates are among the more competitive in the Philippine market right now. Keep in mind that rates are subject to change, so it's best to confirm the latest figures directly through Nook or BPI before applying.
The typical approval timeline for a BPI home loan through Nook is approximately 52 days from the time you submit your complete documents. Delays usually happen when documents are incomplete or when property valuation takes longer than expected. Nook's team will guide you through every step to keep the process as smooth as possible.
BPI accepts borrowers from a wide range of employment backgrounds including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. You'll need a minimum monthly income of 40,000 pesos and your total debt obligations should not exceed 40% of your gross monthly income. If you're unsure whether you qualify, Nook can do a quick eligibility check before you formally apply.
No — Nook's mortgage brokering service is completely free for borrowers. Nook is compensated by the bank, not by you, so you get expert guidance, document handling, and bank comparison at zero cost. The only fees you may encounter are standard bank charges such as appraisal fees and registration costs, which apply regardless of whether you apply directly or through a broker.
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