Use our free calculator to estimate your BPI housing loan monthly amortization — then see how much you could save by refinancing to a lower rate through Nook.
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Why this matters
BPI is one of the Philippines' most trusted home loan providers, and for good reason — they offer competitive fixed rates, flexible loan terms, and a range of loan purposes from ready-for-occupancy purchases to refinancing and home equity. As a Nook partner bank, BPI Family Savings Bank currently offers rates starting at 6.50% p.a. for a 5-year fixed term and 6.70% p.a. for a 1-year fixed or home equity loan. If you're planning to borrow or already have an existing home loan, knowing your exact monthly amortization is the first step to making a smarter financial decision. For a deeper look at how BPI stacks up against the competition, our BPI vs Security Bank vs Metrobank home loan rates comparison breaks it all down.
Our calculator uses standard amortization formula to give you an accurate estimate of your monthly payment based on your loan amount, interest rate, and remaining term. But a calculator only tells half the story. If your current home loan rate is above 7% — which is the case for most Filipino homeowners who took out their loan more than a few years ago — you may be significantly overpaying every month. Through Nook, you can refinance your existing loan to BPI or another partner bank and lock in a lower rate, potentially saving tens of thousands of pesos every year. If you're also weighing BPI against other lenders, check out our BPI vs RCBC home loan takeout rates comparison for a side-by-side look.
Nook's service is completely free for borrowers. We handle the paperwork, coordinate with the bank, and guide you through every step of the refinancing process — at no cost to you. BPI Family Savings Bank approves refinancing applications in approximately 52 days, accepts borrowers with a minimum monthly income of 40,000 pesos, and accommodates a wide range of employment types including private employees, government workers, OFWs, self-employed professionals, and BPO workers. Whether you're calculating a new purchase or exploring whether refinancing makes sense, Nook gives you the clarity and access to make the right call. Please note that interest rates are subject to change — always verify current rates directly with the bank or through Nook before making any financial decisions.
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
Your monthly amortization is calculated using the standard amortization formula, which takes into account your loan amount, the annual interest rate, and the loan term in months. For example, a 3,000,000 peso loan at 6.50% p.a. over 20 years results in a monthly payment of approximately 22,827 pesos. You can use Nook's free calculator above to instantly estimate your payment for any combination of loan amount, rate, and term.
As a Nook partner bank, 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 home loans, including refinancing. Home equity loans are also available at 6.70% p.a. These rates are among the most competitive in the market, but they are subject to change — verify the latest rates through Nook or directly with BPI before applying.
Yes — refinancing to BPI Family Savings Bank is one of the most popular options for Filipino homeowners looking to lower their monthly payments. Nook handles the entire process for free, from document preparation to bank coordination, and BPI typically approves refinancing applications within 52 days. If your current rate is above 7%, switching to BPI's 6.50% or 6.70% rate could save you thousands of pesos every month.
BPI Family Savings Bank accepts a wide range of borrower profiles, including private employees, government workers, BPO employees, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is 40,000 pesos, and your total debt-to-income ratio must not exceed 40%. BPI accepts loan applications for refinancing, purchase (RFO and pre-selling), new construction, home equity, and renovation.
Yes, Nook's service is 100% free for borrowers. Nook is compensated by the bank upon successful loan approval, so there are no broker fees, application fees, or hidden charges on your end. You get access to multiple bank options, expert guidance, and full application support without paying anything out of pocket.
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