Refinancing to BPI Family Savings Bank could cut your monthly payment by thousands — Nook helps you switch banks for free and lock in rates as low as 6.50% p.a.
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Why this matters
If you took out a home loan two or more years ago, there's a strong chance you're paying a rate well above what's available today. Most Filipino homeowners are still locked into rates between 7% and 10% — rates that made sense at the time but now cost you significantly more each month than necessary. BPI's current refinance rates for 2026 start at 6.50% p.a. for a 5-year fixed term through Nook, which means the gap between what you're paying and what you could be paying is often worth tens of thousands of pesos every year.
Switching banks — whether you're refinancing to BPI Family Savings Bank or moving away from BPI to another lender — involves a structured process: submitting an application, presenting your existing loan details, and completing a property appraisal. BPI Family Savings Bank typically completes approvals in around 52 days, and their minimum monthly income requirement of P40,000 makes them accessible to a wide range of borrowers, including salaried employees, OFWs, self-employed professionals, and BPO workers. The loan is available for refinancing, home equity takeout, renovation, and more. See a full breakdown of how switching to BPI can lower your monthly payment based on your specific loan balance.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We compare BPI Family Savings Bank alongside every other major lender in the market so you always see the best available rate for your situation — not just the one a single bank is willing to offer. We handle the paperwork, coordinate with the bank, and guide you through every step of the process. There's no obligation to proceed, and no cost to find out how much you could save.
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
Through Nook, BPI Family Savings Bank offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. These are among the most competitive rates available in the Philippine market right now. Rates are subject to change, so we recommend verifying the current offer directly through Nook before applying.
Yes — if you currently have a home loan with BPI and want to move to another lender offering a lower rate, that is a standard refinancing transaction and Nook can help you with it. We compare all major Philippine banks including BDO, Metrobank, Security Bank, RCBC, and others to find the best rate for your outstanding balance and remaining term. There's no fee to use Nook's comparison service.
BPI Family Savings Bank typically processes and approves refinance applications in approximately 52 days from submission of complete documents. This timeline includes property appraisal and credit evaluation. Nook helps ensure your documents are complete and correctly submitted, which reduces the risk of delays.
You will generally need a valid government-issued ID, proof of income (payslips or ITR), a copy of your existing loan statement, the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), and a recent tax declaration for the property. Requirements may vary slightly depending on your employment type — salaried, self-employed, OFW, or professional. Nook provides a personalized document checklist based on your profile.
Yes, Nook's mortgage brokering service is 100% free to the borrower. Nook is compensated by the bank, not by you, so there is no broker fee, application fee, or hidden charge on your side. You get access to multiple bank offers, expert guidance, and full application support at no cost.
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