BPI's current fixed rates start at 6.50% p.a. — but if you're on an old repriced rate, you could be paying far more. Nook helps you compare and refinance for free.
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Why this matters
BPI is one of the Philippines' most trusted home loan providers, and in 2026 their fixed rates remain competitive — with a 5-year fixed rate of 6.50% p.a. and a 1-year fixed rate of 6.70% p.a. through Nook. But here's the catch: many existing BPI borrowers are no longer on those promotional rates. Once your fixed period ends, your loan is repriced to BPI's prevailing rate — which can push your effective rate well above 8% or even 9%, depending on when you first took out your loan. That gap between what new borrowers pay and what long-standing borrowers pay is exactly where Nook can help.
Refinancing your BPI housing loan means replacing your existing loan with a new one — either with BPI or another lender — at a lower interest rate. Through Nook, you can compare BPI's current 2026 rates alongside other partner banks, all in one place and completely free of charge. Nook's team handles the paperwork, the bank coordination, and the rate negotiation on your behalf. If you're curious about what documents you'll need to get started, check out our BPI housing loan requirements guide for 2026 to prepare your application in advance.
The best time to act is before your next repricing date. Once BPI reprices your loan, you're locked into a higher rate for another fixed cycle — meaning every month you wait costs you real money. With a ₱3,000,000 outstanding balance and a rate difference of just 2%, the savings can exceed ₱44,000 a year. Nook's mortgage specialists will assess your current loan, run the numbers honestly, and only recommend refinancing if it genuinely makes sense for your situation. Note: Interest rates are subject to change — always verify the latest rates directly with your bank or through Nook before making a 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
Through Nook, BPI's current rates in 2026 are 6.70% p.a. for a 1-year fixed period and 6.50% p.a. for a 5-year fixed period. These are promotional rates available to qualified borrowers — existing BPI clients who have been repriced may be on a higher rate depending on their loan vintage. Always confirm the latest rates with BPI or via Nook, as rates are subject to change.
After your fixed period ends, BPI reprices your loan based on their prevailing rate at that time, which is typically higher than the initial promo rate. This is known as a repricing event, and it's one of the most common reasons Filipino homeowners explore refinancing. If your repriced rate feels uncomfortably high, it's worth comparing what's currently available — refinancing at or before repricing can save you significantly over the remaining loan term. For a deeper look at how BPI's repricing schedule works, see our guide on BPI repricing schedules and 2026 promos.
Yes, you can refinance your BPI housing loan with any bank that offers refinancing — you are not required to stay with BPI. Through Nook, you can compare BPI's rates alongside other partner banks to find the most competitive option for your loan amount and income profile. Nook handles the entire process at zero cost to you, including bank coordination and document submission.
Savings depend on your outstanding balance, remaining term, and the rate difference between your current loan and the new one. For example, a borrower with ₱3,000,000 outstanding moving from 8.50% to 6.50% on a 20-year term could save over ₱3,600 per month — that's more than ₱44,000 a year. Use Nook's free savings calculator or speak to a Nook mortgage specialist to get a personalised estimate based on your actual loan details.
To refinance through BPI via Nook, you'll generally need a minimum monthly income of ₱40,000, valid government-issued ID, proof of income (payslips or ITR), and your existing loan statement of account. BPI accepts salaried employees, self-employed individuals, OFWs, and professionals. For a complete document checklist, visit our BPI housing loan requirements 2026 checklist to make sure you're fully prepared before applying.
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