Use our BPI Housing Loan Calculator to compute your monthly amortization — then see how much you could save by refinancing to rates as low as 5.99% p.a. through Nook, completely free.
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Why this matters
If you're shopping for a BPI housing loan or trying to make sense of your current monthly amortization, you're in the right place. BPI Family Savings Bank — a Nook partner bank — currently offers some of the most competitive home loan rates in the Philippines, with a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. These rates apply to a range of loan purposes including refinancing, purchase of ready-for-occupancy (RFO) units, renovation, and home equity. To understand how these translate into actual monthly payments for your specific loan amount and term, our calculator does all the math for you instantly. You can also check the complete BPI home loan interest rates guide for a deeper breakdown of what affects your rate.
Many Filipino homeowners are currently paying between 7% and 10% per year on their existing home loans — often because they took out their mortgage years ago when rates were higher, or simply haven't explored refinancing yet. For a 3,000,000 peso loan on a 20-year term at 8.50%, your monthly amortization comes to roughly 26,035 pesos. Refinance that same loan through Nook to a rate of 5.99% p.a., and your payment drops to around 22,966 pesos — a saving of over 3,000 pesos every single month. Over the life of the loan, that adds up to more than 550,000 pesos staying in your pocket instead of going to interest.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We work with BPI Family Savings Bank and other leading Philippine banks to find you the best available rate for your situation. Whether you're computing a new purchase loan or exploring whether to refinance your existing mortgage, Nook handles the comparison, paperwork coordination, and bank negotiations on your behalf — at zero cost to you. If you're ready to apply or want to check what documents you'll need, see the complete BPI housing loan requirements checklist to get prepared. Interest rates are subject to change; always verify current rates directly with the bank or through Nook before making a financial 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
Your monthly amortization depends on three things: your loan amount, your interest rate, and your loan term. For example, a 3,000,000 peso loan at BPI's 5-year fixed rate of 6.50% p.a. over 20 years results in a monthly payment of approximately 22,359 pesos. Our Nook calculator does this computation instantly — just enter your details and get your number.
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 and property purchases. These are among the more competitive rates available in the Philippine market right now, and they apply to a range of loan purposes from RFO purchases to home equity and renovation.
Yes — refinancing is one of the loan purposes supported by BPI Family Savings Bank through the Nook platform. If you're currently paying a higher rate with another bank, Nook will assess your eligibility, match you with the best available refinance rate, and manage the entire application process for free. Many borrowers save thousands of pesos per month by switching.
BPI Family Savings Bank requires a minimum monthly income of 40,000 pesos and accepts a wide range of employment types including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. The maximum debt-to-income ratio (DTI) allowed is 40%, meaning your total monthly debt obligations including the new loan should not exceed 40% of your gross monthly income.
BPI Family Savings Bank typically completes home loan approvals in around 52 days from submission of complete documents. Applying through Nook can help streamline this process since our team ensures your documents are complete and correctly submitted before reaching the bank. Having all your requirements ready from the start is the single biggest factor in avoiding delays.
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