BPI Family Savings Bank is offering fixed rates from 6.50% p.a. — and Filipino homeowners refinancing through Nook are saving an average of over 58,000 pesos every year at no cost to them.
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Why this matters
If you took out a BPI housing loan a few years ago, there's a strong chance you're sitting on an interest rate between 7.50% and 9.00% — and quietly overpaying by thousands of pesos every month. The good news: BPI Family Savings Bank, a Nook partner bank, is currently offering promotional fixed rates starting at 6.50% p.a. for a 5-year fixed term and 6.70% p.a. for a 1-year fixed term. For a 3,000,000-peso loan with 20 years remaining, switching from a typical 8.50% rate to 6.50% can reduce your monthly payment by over 3,000 pesos — that's more than half a million pesos saved over the life of your loan. If you want to see exactly what your new payment could look like, try the BPI Housing Loan Calculator to run your own numbers.
Qualifying for the BPI Family Savings Bank promo rate is more accessible than many homeowners expect. The bank accepts borrowers from a wide range of employment types — private employees, government workers, BPO professionals, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is 40,000 pesos, and the maximum debt-to-income ratio is 40%. Typical approval takes around 52 days, which is competitive among Philippine banks. For a full breakdown of what documents you'll need to prepare, see the BPI Housing Loan Requirements guide.
Applying through Nook means you get a licensed mortgage broker working on your behalf — at zero cost to you. Nook compares BPI Family Savings Bank alongside other top Philippine lenders so you always see the best available rate for your situation. There are no broker fees, no hidden charges, and no obligation to proceed until you're ready. Whether you're refinancing an existing BPI loan or switching from another bank entirely, Nook handles the paperwork, coordinates with the lender, and keeps you updated every step of the way. Interest rates are subject to change; verify the latest rates with BPI Family Savings Bank or through Nook before submitting your application.
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 Family Savings Bank is currently offering a 5-year fixed rate of 6.50% p.a. and a 1-year fixed rate of 6.70% p.a. These are among the most competitive rates available in the Philippine market right now. Rates are subject to change, so it's best to lock in early and confirm the latest offer through Nook or directly with BPI Family Savings Bank.
BPI Family Savings Bank accepts a broad range of borrower profiles including private and government employees, BPO workers, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is 40,000 pesos and your total debt obligations should not exceed 40% of your gross monthly income. As long as your property has sufficient equity and your credit standing is in good order, there's a strong chance you'll qualify.
Yes — refinancing your existing BPI housing loan to take advantage of a lower promotional rate is one of the most common use cases Nook handles. Even if your current loan is already with BPI, you may be able to restructure it under a new rate package, or switch to BPI Family Savings Bank for better terms. Nook will assess your current loan and compare it against available offers to confirm whether refinancing makes financial sense for you.
BPI Family Savings Bank typically processes and approves home loan applications within 52 days, which is competitive among major Philippine lenders. The timeline can be shorter if your documents are complete and accurate from the outset. Nook helps you prepare a clean, complete application package to avoid unnecessary delays and back-and-forth with the bank.
No — Nook's service is completely free for borrowers. Nook earns a referral fee from the bank upon successful loan disbursement, so you pay nothing extra and receive no less favorable terms than applying directly. In fact, applying through Nook gives you access to multiple lender comparisons and dedicated broker support that you wouldn't get applying on your own.
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