BPI offers 1-year fixed rates from 6.70% p.a. — but if you're still on an old repriced rate of 8% or higher, you could be leaving thousands of pesos on the table every single month.
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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-rate packages, a streamlined application process, and broad eligibility across employment types including private employees, government workers, BPO professionals, OFWs, and the self-employed. In 2026, BPI Family Savings Bank's published rates start 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. These are genuinely competitive rates in today's market, and for new borrowers or those refinancing in, they represent a meaningful improvement over what many homeowners are currently paying.
The challenge for existing BPI borrowers is what happens after your initial fixed period ends. Once your loan reprices — typically every 1, 2, or 5 years — your interest rate resets to BPI's prevailing rate at that time, which may be significantly higher than your original promo rate. Many homeowners find themselves at 8%, 9%, or even higher after repricing, without realising they have the option to refinance to a new bank or renegotiate. If that sounds familiar, it's worth doing the numbers. For a ₱3,000,000 loan with 20 years remaining, the difference between paying 8.50% and refinancing to 5.99% p.a. through Nook can exceed ₱3,000 per month. You can also compare BPI against Security Bank and Metrobank to see how the full market stacks up before making a decision.
Nook makes the comparison process free and simple. As the Philippines' first digital mortgage broker, Nook connects you with BPI Family Savings Bank and other top lenders so you can see real rates side by side — without paying broker fees or visiting multiple bank branches. Whether you're refinancing away from BPI, refinancing into BPI, or just want to know if your current rate is still competitive, Nook gives you the transparency you need to make a smarter decision. Note: interest rates are subject to change; always verify current rates with the bank or through Nook 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
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 loan refinancing and purchase. Home equity loans are also available at 6.70% p.a. These rates are subject to change, so it's best to confirm the latest figures through Nook or directly with BPI before applying.
After your fixed-rate period expires, BPI will reprice your loan based on the bank's prevailing rate at that time, which is often higher than your original promo rate. This repricing can significantly increase your monthly payment if market rates have risen. Many borrowers use repricing as an opportunity to shop around and refinance to a better rate through a broker like Nook.
Yes — refinancing from BPI to another bank (called a loan takeout) is a common strategy Filipino homeowners use to lock in a lower rate. The process involves applying with a new lender who pays off your existing BPI balance and issues you a new loan at better terms. You can compare BPI and RCBC takeout rates to get a sense of what switching could save you.
BPI Family Savings Bank accepts a wide range of borrowers including private and government employees, BPO workers, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱40,000, and your total debt-to-income ratio must not exceed 40%. Loan purposes include refinancing, purchase of ready-for-occupancy units, pre-selling, new construction, renovation, and home equity.
BPI Family Savings Bank typically processes home loan applications in around 52 days from complete document submission. Applying through Nook means you get a dedicated mortgage specialist who helps you prepare your documents correctly the first time — reducing the risk of delays or requests for additional requirements. Nook's service is completely free to borrowers, and you can apply to multiple banks simultaneously to compare offers.
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