Calculate your BPI housing loan monthly amortization in seconds — then see if you can get a lower rate by refinancing through Nook, completely free.
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Why this matters
BPI Family Savings Bank is one of the Philippines' most trusted home loan providers, and for good reason. Their current fixed rates start at 6.50% p.a. for a 5-year fix and 6.70% p.a. for a 1-year fix — making them genuinely competitive for homebuyers and refinancers alike. If you're shopping for a new home loan or calculating what your existing BPI loan is costing you, this page gives you a straight answer. On a ₱3,000,000 loan over 20 years, a borrower locked into a legacy rate of 9.00% is paying around ₱27,816 per month. At BPI's current 5-year fixed rate of 6.50%, that same loan costs approximately ₱22,966 — a difference of nearly ₱4,850 every single month.
What many Filipino homeowners don't realise is that the rate on their original loan documents is rarely the best rate available today. Banks re-price their products regularly, and if you took out your home loan three or more years ago, there's a strong chance you're paying more than you need to. Refinancing — or doing a loan takeout — means moving your existing loan to a lender offering a better rate. Nook works with BPI Family Savings Bank as a partner, so we can help you check whether BPI can beat your current rate, or whether another lender in our panel makes more sense for your situation. You can explore how BPI stacks up against the competition in our BPI vs Security Bank vs Metrobank home loan rates comparison or our detailed BPI vs RCBC home loan takeout rates breakdown.
Nook's service is 100% free to borrowers. We don't charge processing fees or broker commissions — we're paid by the bank when your loan is approved. Our team handles the paperwork, follows up with the bank, and keeps you updated every step of the way. BPI typically approves refinance applications within 52 days, requires a minimum monthly income of ₱40,000, and accepts borrowers from private employment, government, BPO, OFW/seafarer, self-employed, and professional backgrounds. Whether you're calculating a new purchase or exploring refinancing, Nook makes it easy to find out if BPI — or another partner bank — can save you money. Note: Interest rates are subject to change. Please verify current rates 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 depends on three things: your loan amount, your interest rate, and your loan term. For a ₱3,000,000 loan at BPI's current 5-year fixed rate of 6.50% p.a. over 20 years, the monthly payment works out to approximately ₱22,966. You can use Nook's calculator above to enter your own numbers and get an instant estimate.
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 housing loans. These are among the more competitive rates in the market, but rates are subject to change — always confirm the latest rates directly with BPI or through a broker like Nook before proceeding.
Yes — BPI Family Savings Bank is a Nook partner bank, which means you can apply for a BPI refinance (loan takeout) through Nook at no cost to you. Nook handles the application, documentation, and bank follow-ups on your behalf. BPI's typical approval timeline for refinancing is around 52 days.
BPI requires a minimum monthly income of ₱40,000 and a maximum debt-to-income (DTI) ratio of 40%, meaning your total monthly debt obligations — including the new loan — should not exceed 40% of your gross monthly income. BPI accepts borrowers who are privately employed, government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals.
Yes, Nook's service is completely free for borrowers. There are no broker fees, no processing charges, and no hidden costs on your side. Nook earns a referral fee from the bank only after your loan is successfully approved and disbursed — so our incentive is fully aligned with getting you approved at the best possible rate.
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