Thousands of Filipino homeowners are still paying 7% or higher on their BPI home loan. Nook can help you refinance to as low as 5.99% p.a. — for free.
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Why this matters
BPI is one of the Philippines' most trusted home loan providers, but loyalty doesn't always mean you're getting the best rate. If you took out your BPI home loan more than a year ago and haven't revisited your interest rate, there's a strong chance you're paying significantly more than you need to. Refinancing your BPI home loan through Nook means we shop the market on your behalf — comparing rates from multiple partner banks — so you can secure a lower rate without the legwork. Our service is completely free to borrowers, and we handle the paperwork from start to finish. You can also check the latest BPI home loan interest rates and how they compare across different fixed-rate periods before you decide.
Through Nook, BPI Family Savings Bank currently offers refinancing rates starting at 6.50% for a 5-year fixed term and 6.70% for a 1-year fixed term — among the most competitive available in the Philippine market today. Approval typically takes around 52 days, and you'll need a minimum monthly income of ₱40,000 to qualify. BPI Family Savings Bank accepts a wide range of employment types including private employees, government workers, BPO professionals, OFWs, seafarers, and self-employed individuals. If you want to understand exactly what documents you'll need before applying, our complete guide to BPI housing loan requirements walks you through everything step by step.
The refinancing process can feel intimidating, but Nook was built to make it straightforward. Once you submit your details online, a dedicated Nook mortgage specialist will assess your current loan, calculate your potential savings, and recommend the best refinancing option for your situation — at no cost to you. Whether you're refinancing for a lower monthly payment, a shorter loan term, or simply to switch to a more stable fixed-rate period, Nook gives you access to multiple lender options through a single application. Note that interest rates are subject to change; we recommend verifying the latest rates with your assigned Nook specialist before proceeding.
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
Refinancing means taking out a new home loan — either with BPI or a different bank — to pay off your existing BPI mortgage, ideally at a lower interest rate or better terms. This can reduce your monthly payment and the total interest you pay over the life of the loan. Nook helps you compare refinancing options across multiple banks so you can make an informed decision.
It depends on your remaining balance, your current rate, and how many years are left on your loan — but in many cases, refinancing mid-term still produces significant savings. As a general rule, if your current rate is more than 1% above available refinancing rates and you have at least 10 years remaining, refinancing is worth evaluating. Nook will calculate your actual savings for free so you can decide with real numbers.
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. These are among the most competitive rates available in the Philippines right now. Please note that rates are subject to change — your Nook specialist will confirm the latest applicable rates during your consultation.
BPI Family Savings Bank typically processes refinancing applications in approximately 52 days from submission of complete documents. Nook helps ensure your application is complete and accurate before submission, which can prevent delays. Your dedicated Nook mortgage specialist will guide you through each stage of the process and keep you updated on your application status.
Nook's mortgage brokering service is completely free to borrowers — there are no broker fees, consultation charges, or hidden costs. Nook earns a referral fee from the bank once your loan is successfully disbursed, which means your interests and Nook's interests are fully aligned. Standard bank fees such as appraisal and legal documentation charges may still apply and will be clearly disclosed upfront.
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