Thousands of BPI borrowers are still locked into old rates above 8%. Refinancing through Nook could save you over 4,800 pesos every single month — and our service is 100% free.
YOUR POTENTIAL SAVINGS
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 took out their mortgages with BPI during periods when rates were significantly higher. If you locked in a rate of 8% or above — which was common in recent years — you could be paying thousands of pesos more per month than necessary. Refinancing your BPI home loan means replacing your existing mortgage with a new loan at a lower interest rate, either staying with BPI or switching to another lender that offers better terms. Through Nook, you can compare BPI's current refinancing rates alongside other leading Philippine banks, all in one place, for free. You can also check the latest BPI home loan interest rates for 2026 to understand exactly where you stand before you apply.
BPI Family Savings Bank, a Nook partner, currently offers refinancing rates starting at 6.50% fixed for 5 years — one of the most competitive options available to Filipino homeowners today. To qualify, you'll need a minimum monthly income of ₱40,000, and BPI accepts a wide range of employment types including private employees, government workers, OFWs, seafarers, self-employed professionals, and BPO workers. The bank's maximum debt-to-income ratio of 40% is standard and achievable for most working borrowers. Typical approval takes around 52 days, and Nook's team will guide you through every document and requirement. If you're unsure what to prepare, our complete BPI housing loan requirements guide walks you through everything you need.
Refinancing is not just about getting a lower monthly payment — it's about reclaiming control of your financial future. On a 3,000,000 peso loan with 20 years remaining, switching from an 8.50% rate to BPI's 6.50% 5-year fixed rate can free up thousands of pesos every month that you could redirect toward your family, investments, or emergency savings. Nook acts as your mortgage broker, negotiating on your behalf and submitting your application to the right bank at the right time — all without charging you a single centavo. Interest rates are subject to change, so we recommend verifying the latest rates directly with the bank or through Nook before finalising your decision.
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, BPI offers internal refinancing where you renegotiate the terms of your existing loan, which can result in a lower rate without changing lenders. However, it's worth comparing BPI's offer against other banks through Nook, as external refinancing sometimes yields better savings. Nook can help you evaluate both options side by side at no cost to you.
Through Nook, BPI Family Savings Bank currently offers a 1-year fixed rate of 6.70% and a 5-year fixed rate of 6.50% for refinancing. These are among the most competitive rates in the Philippine market and are available to qualified borrowers across a wide range of employment types. Note that rates are subject to change, so we recommend confirming the latest figures when you apply.
BPI's typical approval timeline for home loan refinancing is approximately 52 days from the time of complete document submission. Nook helps you prepare a complete and accurate application package upfront, which reduces the chance of delays caused by missing or incorrect documents. Our team stays in touch with the bank on your behalf throughout the process.
BPI Family Savings Bank requires a minimum monthly income of ₱40,000 to qualify for a home loan refinance. This applies across employment types including salaried employees, government workers, self-employed individuals, OFWs, seafarers, and BPO professionals. Your total monthly debt obligations, including the new loan payment, must not exceed 40% of your gross monthly income.
No — Nook's mortgage brokering service is completely free for borrowers. Nook earns a referral fee from the bank when your loan is successfully approved, so you receive expert guidance, rate comparison, and full application support at zero cost. There are standard bank processing fees and government charges that apply to all refinancing transactions, which Nook will explain to you in full before you proceed.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →