BPI offers home loan refinancing from 6.50% p.a. (5-year fixed) — if you're currently paying 8% or more, switching could save you over 58,000 pesos every year.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most recognized names in Philippine home lending — and for good reason. Through Nook, you can access BPI Family Savings Bank's refinancing rates starting at 6.50% p.a. on a 5-year fixed term or 6.70% p.a. on a 1-year fixed term. Whether you're currently with BDO, Metrobank, Security Bank, or any other lender and want to switch to BPI, or you're already a BPI borrower looking to reprice your existing loan, Nook can help you navigate both paths at zero cost to you. To qualify, you'll generally need a minimum monthly income of ₱40,000, a debt-to-income ratio within 40%, and a loan that meets BPI's standard eligibility criteria — covering employed, self-employed, OFW, and professional borrowers alike.
The refinancing process with BPI typically takes around 52 days from application to approval, which is among the more efficient timelines in the Philippine market. Nook handles the document preparation, bank coordination, and follow-ups on your behalf, so you're not left chasing paperwork or guessing what comes next. If you want to understand the full step-by-step process before you commit, our guide on how to switch your home loan to BPI in 2026 walks through every stage in detail. The key documents you'll typically need include proof of income, a copy of your existing loan statement, your title (TCT or CCT), tax declarations, and government-issued ID — Nook will give you a complete checklist once you start your application.
Not sure if BPI is the right fit for your situation, or want to compare it against other lenders before deciding? That's exactly what Nook is built for. As the Philippines' first digital mortgage broker, Nook compares rates across multiple partner banks so you can make an informed decision — not just the one your current bank is offering you. For a broader look at your options and how the savings stack up, see our overview of BPI home loan refinancing and how it compares to alternatives. Rates shown are indicative and subject to change; Nook will confirm current rates when you apply.
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 a bank-to-bank refinance, and it's one of the most common reasons people use Nook. You can switch from any bank (BDO, Metrobank, Security Bank, PNB, and others) to BPI Family Savings Bank if you meet their eligibility criteria. Nook manages the entire transfer process for you, from document preparation to coordinating the payoff of your old loan.
Through Nook, 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. The 5-year fixed option gives you longer payment predictability, while the 1-year fixed offers a slightly lower initial rate with repricing at the end of each year. Note that interest rates are subject to change — Nook will confirm the latest rates when you apply.
BPI Family Savings Bank requires a minimum monthly income of ₱40,000 and a debt-to-income ratio (DTI) of no more than 40%, meaning your total monthly loan obligations should not exceed 40% of your gross monthly income. BPI accepts a wide range of employment types including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals.
The typical approval timeline for a BPI home loan refinance through Nook is approximately 52 days from complete document submission to loan release. This includes credit evaluation, property appraisal, and legal review. Nook actively tracks your application and follows up with the bank on your behalf to help keep things moving.
No — Nook's service is completely free for borrowers. Nook earns a referral fee from the bank, not from you, so there's no broker fee, consultation fee, or hidden charge at any point. You get full mortgage broker support — document guidance, bank coordination, rate comparison — at zero cost.
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