BPI offers housing loan rates starting at 6.50% fixed for 5 years — but if you took out your loan years ago, you could be paying 8% or more. Find out how much you could save by refinancing today.
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Why this matters
BPI (Bank of the Philippine Islands) is one of the most trusted names in Philippine home lending, and in 2026 their housing loan rates remain competitive: 6.70% for a 1-year fixed term and 6.50% for a 5-year fixed term. But here's what most homeowners don't realize — the rate you signed up with years ago bears little resemblance to what's available today. If your loan was repriced after a fixed period, there's a strong chance your current rate has drifted up to 8%, 9%, or even higher. That gap between your old rate and today's best rates is costing you real money every single month.
Refinancing your BPI home loan — or moving your loan from another bank to BPI — is one of the most effective ways to reduce your monthly burden without changing your lifestyle. Through Nook, you can apply to BPI Family Savings Bank (a Nook partner) and access their current rates with zero broker fees. BPI Family Savings Bank accepts borrowers from the private sector, government employees, BPO workers, OFWs, seafarers, self-employed professionals, and more — with a minimum monthly income requirement of just ₱40,000. Typical approval takes around 52 days, and loan purposes include refinancing, home equity, renovation, and new construction. For a side-by-side look at how BPI stacks up against other lenders, check out this complete comparison of BPI vs Security Bank vs Metrobank home loan rates for 2026.
Understanding your repricing schedule is critical. Most Philippine home loans have a fixed-rate period of 1, 3, or 5 years — after which the bank resets your rate based on prevailing market conditions. If you've already passed that fixed period and haven't reviewed your loan, you're almost certainly paying more than you need to. Nook's free refinancing service compares offers across multiple partner banks so you can see your actual options in one place. Whether you're looking to lower your monthly payment, shorten your loan term, or tap your home's equity, now is the time to act. You can also explore how BPI compares specifically to another major lender in our BPI vs Landbank home loan rates refinancing breakdown. Note: all interest rates are subject to change — always verify current rates directly with the 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
BPI Family Savings Bank, a Nook partner 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. A home equity loan rate of 6.70% is also available. These rates are subject to change, so it's best to verify the latest figures through Nook or directly with BPI before applying.
Repricing happens when your fixed-rate period ends and BPI resets your interest rate based on current market conditions — which often means a higher rate than what you originally signed up for. If you haven't reviewed your loan since your last repricing, you could be paying significantly more than necessary. Refinancing to a new fixed period — either with BPI or another lender — locks in a lower rate and protects you from further increases for the duration of that term.
Yes — this is called a loan takeout or home loan transfer, and BPI Family Savings Bank accepts applications from borrowers currently with other banks. Through Nook, the process is streamlined and completely free for borrowers. BPI accepts a wide range of employment types including private sector employees, government workers, OFWs, and self-employed individuals with a minimum monthly income of ₱40,000.
The savings depend on your current rate versus the new rate, your remaining balance, and the term left on your loan. For example, on a ₱3,000,000 loan with a 20-year remaining term, switching from 8.50% to 6.50% could reduce your monthly payment by over ₱3,600 — adding up to more than ₱600,000 in total interest savings. Use Nook's free calculator to get a personalized estimate based on your actual loan details.
Yes, Nook's mortgage brokering service is 100% free for borrowers — there are no broker fees, no hidden charges, and no obligation to proceed after getting your quote. Nook earns a referral fee from the bank upon successful loan approval, which means you get expert guidance and access to multiple lender options at no cost to you. Simply submit your details and Nook will help you find the best available rate for your situation.
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