Thousands of BPI borrowers are still locked into rates of 7% or higher. With Nook, you can refinance your BPI home loan and access rates from 6.50% p.a. — completely free to apply.
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Why this matters
BPI is one of the Philippines' most trusted home loan providers, and for good reason — competitive products, a strong branch network, and reputable service. But if you took out your BPI home loan three or more years ago, there's a strong chance your current interest rate no longer reflects the best available in the market. Many existing BPI borrowers are still paying rates between 7.5% and 9.5%, which can translate to tens of thousands of pesos in unnecessary interest every single year. Refinancing gives you the opportunity to reprice your loan at today's lower rates — and the savings can be substantial over the remaining term of your mortgage. You can use our BPI housing loan calculator to estimate exactly what your new monthly payment could look like.
Through Nook, BPI Family Savings Bank offers refinancing rates starting at 6.50% p.a. for a 5-year fixed term and 6.70% p.a. for a 1-year fixed term. These are among the most competitive refinance rates available in the Philippines right now. BPI Family Savings Bank accepts a wide range of employment types — including private employees, government workers, BPO professionals, OFWs, seafarers, and self-employed individuals — with a minimum monthly income requirement of ₱40,000 and a typical loan approval timeline of around 52 days. Whether you're looking to lower your monthly amortization, shorten your loan term, or access your home equity, refinancing through Nook means you get expert guidance and bank access at zero cost to you.
Applying through Nook is 100% free for borrowers. Our team handles the comparison, paperwork coordination, and bank communication on your behalf — so you don't have to navigate the refinancing process alone. Before you apply, it's worth reviewing the BPI housing loan requirements so you know exactly what documents to prepare. Interest rates are subject to change, and we recommend verifying current rates with Nook or BPI Family Savings Bank at the time of your application. The sooner you refinance, the sooner you start saving — and every month you wait is another month of paying more than you need to.
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 to BPI Family Savings Bank, which is a Nook partner bank offering competitive rates from 6.50% p.a. The refinancing process involves settling your current loan with the proceeds of a new loan at a lower rate, which is a standard and widely used strategy among Filipino homeowners. Nook will guide you through every step at no cost to you.
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 through Nook. These rates are among the most competitive available in the Philippine market right now. Please note that interest rates are subject to change, so we recommend confirming the latest rates when you apply.
The amount you save depends on your current interest rate, remaining loan balance, and the new rate you qualify for. For example, a borrower with a ₱3,000,000 loan at 8.50% refinancing to 6.50% could save over ₱3,700 per month — that's more than ₱45,000 a year. You can use Nook's free assessment to get a personalised savings estimate based on your actual loan details.
BPI Family Savings Bank through Nook accepts borrowers from a wide range of employment backgrounds, including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱40,000, and your total debt-to-income ratio should not exceed 40%. For a full checklist of what you'll need, see our guide to BPI housing loan requirements.
The typical approval timeline for a BPI Family Savings Bank refinance through Nook is approximately 52 days from complete document submission to loan release. This timeline can vary depending on your specific circumstances, property location, and how quickly documents are submitted. Nook's team actively monitors your application and follows up with the bank on your behalf to keep things moving smoothly.
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