BPI's current fixed rates start at 6.50% p.a. — but if you're still on an old repriced rate, you could be paying 7% to 10% or more. See exactly how much you could save by refinancing through Nook.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
BPI is one of the Philippines' most trusted home loan providers, offering a range of fixed-rate terms to suit different borrowers. For 2026, BPI's published housing loan rates include a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. — some of the most competitive rates available from a major Philippine bank. However, many existing BPI borrowers are not on these rates. If your loan has already been repriced one or more times since you first borrowed, there's a strong chance your current rate is significantly higher than what new borrowers are being offered today. That gap translates directly into money leaving your pocket every month. You can use the BPI housing loan calculator to see exactly what your monthly payment should look like at today's rates.
Refinancing your BPI housing loan — either to a better BPI rate or to another lender — is one of the most effective ways to reduce your monthly obligations without changing your home or your lifestyle. Through Nook, you can compare BPI's current offers alongside rates from other partner banks, all in one place, at zero cost to you. Nook's service is completely free for borrowers: no broker fees, no hidden charges. BPI Family Savings Bank, a Nook partner, offers home loan refinancing with approval typically completed in around 52 days, a minimum monthly income requirement of 40,000, and accepts a wide range of employment types including private employees, government workers, OFWs, and self-employed professionals. If you want to understand what documents you'll need before you apply, the complete BPI housing loan requirements guide walks you through the full checklist.
When evaluating whether to refinance, the key numbers to compare are your current interest rate, your remaining loan term, and the rates available to you today. If you borrowed at 8% or higher and still have 15 or more years remaining, refinancing to a 5-year fixed rate of 6.50% could save you tens of thousands of pesos per year. The example above illustrates savings based on a 3,000,000 loan with 20 years remaining — your actual savings will depend on your outstanding balance, current rate, and the term you choose. Nook's team will help you run these numbers accurately before you commit to anything. Please note that interest rates are subject to change; always verify current rates directly 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
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 in 2026. These rates apply to new loan applications and refinancing, subject to credit evaluation and BPI's standard approval process. Always confirm the latest rates directly with BPI or through Nook, as rates are subject to change.
A repricing schedule determines when your interest rate is reviewed and potentially adjusted after your fixed-rate period ends. For example, if you took a 3-year fixed rate, your loan will be repriced at the end of year 3 — meaning your monthly payment could go up or down depending on market rates at that time. Many borrowers are caught off guard when repricing pushes their rate significantly higher, which is exactly when refinancing to a better rate makes the most sense.
Yes — you can refinance your BPI housing loan either within BPI (to a new rate) or by switching to another lender through a refinancing arrangement. Through Nook, you can compare both options at no cost, and Nook's team will help you identify which path delivers the most savings based on your current balance and rate. BPI Family Savings Bank is a Nook partner and actively accepts refinancing applications.
BPI Family Savings Bank typically completes home loan approvals in approximately 52 days from submission of complete documents. Preparing your requirements in advance — including income documents, property titles, and tax declarations — can help avoid delays. You can review the full checklist in Nook's BPI housing loan requirements guide to make sure your application is complete from day one.
Yes, Nook's mortgage brokering service is 100% free for borrowers. You pay no broker fees, no application charges, and no consultation fees — Nook earns a referral fee from the bank, not from you. You get access to multiple bank comparisons, expert guidance, and a fully assisted application process at zero additional cost.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →