If you have a BPI home loan and your fixed-rate period has ended, you could be paying thousands more than necessary every month. Nook helps you refinance to a lower rate — for free.
BPI REFINANCE SAVINGS ESTIMATE
No commitment. No credit check. Just your numbers.
Why this matters
BPI is one of the Philippines' most trusted home loan providers, and many Filipino homeowners have been loyal BPI borrowers for years. But loyalty doesn't always mean you're on the best rate. If your initial fixed-rate period has lapsed, your loan may have repriced to BPI's prevailing rate — which can sit anywhere between 7% and 10% depending on when you originally took out the loan. That's where refinancing comes in. By switching to a new lender or renegotiating your terms, you can lock in a significantly lower rate and reduce your monthly amortisation. Nook currently has access to rates starting at 5.99% p.a., and as a Nook partner bank, BPI Family Savings Bank offers competitive fixed rates of 6.50% for a 5-year fix and 6.70% for a 1-year fix.
The refinancing process in the Philippines involves submitting documents to your new lender, who will appraise your property and assess your financial profile before issuing a loan offer. It typically takes around 4 to 8 weeks from application to approval. BPI Family Savings Bank, one of Nook's verified partner banks, has a typical approval time of 52 days and 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 requirement of 40,000. If you're unsure whether refinancing is worth it for your situation, our guide on refinancing out of BPI to another bank breaks down the numbers and trade-offs clearly.
Nook is the Philippines' first digital mortgage broker, and our service is completely free for borrowers. We handle the comparison, paperwork coordination, and bank communication on your behalf — so you can focus on what matters. Whether you're staying with BPI or exploring other lenders, Nook gives you a clear picture of your options in one place. If you want to understand the full process before you apply, our detailed 2026 BPI refinance eligibility and process guide is a great place to start. Note that all interest rates are subject to change — we recommend verifying current rates directly with the bank or through Nook before making any financial 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, this is called internal refinancing or loan repricing, and BPI does offer this option. However, it's worth comparing BPI's retention offer against rates from other lenders, since competing banks or BPI Family Savings Bank may offer a lower rate for new borrowers. Nook can show you both options side by side at no cost.
Savings depend on your outstanding loan balance, remaining term, and the rate difference between your current loan and the new offer. On a 3,000,000 loan with 20 years remaining, moving from a 9% rate to 6.50% can reduce your monthly payment by over 4,000 pesos — that's more than 48,000 pesos saved per year. Use Nook's free calculator to get a personalised estimate based on your actual figures.
As a Nook partner bank, 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 refinancing. These rates are subject to change, so we recommend confirming the latest figures through Nook or directly with the bank before submitting your application.
You'll typically need a valid government-issued ID, proof of income (payslips, ITR, or business documents for self-employed applicants), a copy of your existing loan statement, your Transfer Certificate of Title (TCT), and a recent tax declaration. Nook's team will guide you through the exact document checklist based on your employment type and the lender you're applying with.
BPI may charge a pre-termination fee if you refinance to a different lender before the end of your fixed-rate lock-in period — this is typically a percentage of the outstanding balance and varies by loan contract. It's important to factor this cost into your savings calculation to make sure refinancing still makes financial sense. Nook can help you weigh the penalty against your projected savings before you commit.
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