Thinking of refinancing with BPI or Chinabank? We break down the real numbers so you can stop guessing and start saving.
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Why this matters
When comparing BPI vs Chinabank home loan rates for refinancing, it pays to understand exactly what each bank offers — and how those rates translate into real monthly payments. BPI Family Savings Bank, a verified Nook partner, currently offers fixed refinancing rates starting at 6.50% p.a. for a 5-year fixed term and 6.70% p.a. for a 1-year fixed term. These are verified, current rates available exclusively through Nook's free broker service — no guesswork, no surprises. If you want a full picture of what you'll need to prepare, check out our complete guide to BPI housing loan requirements before you apply.
Chinabank also offers home loan refinancing products, and while they are a reputable institution, their standard rates are generally in the range of 7% to 9% p.a. depending on the fixing period and your borrower profile. These figures are approximate, based on publicly available information, and subject to change — Chinabank is not a Nook partner bank, so we cannot verify or guarantee current promotional rates on your behalf. The practical difference matters: on a 3,000,000 peso loan over 20 years, even a 1.5 to 2 percentage point gap in rate can mean over half a million pesos in total interest savings across the life of your loan.
The smartest move for most Filipino homeowners is to let Nook do the comparison work for free. As the Philippines' first digital mortgage broker, Nook submits your application to multiple partner banks — including BPI Family Savings Bank — and surfaces the best available rate for your situation. You pay nothing for this service. If you're already crunching numbers, our BPI housing loan calculator guide can help you model different scenarios before you commit. Rates are subject to change, so locking in sooner rather than later could make a meaningful difference to your long-term finances.
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 verified Nook partner bank, currently offers refinancing rates of 6.70% p.a. for a 1-year fixed term and 6.50% p.a. for a 5-year fixed term. These rates are confirmed and available when you apply through Nook's free broker service. Rates are subject to change, so it's best to apply sooner to lock in the current offer.
Chinabank's home loan rates are generally estimated between 7% and 9% p.a. based on publicly available information, but these are approximate figures and subject to change without notice. Because Chinabank is not a Nook partner bank, we cannot provide verified current rates or apply on your behalf. BPI Family Savings Bank's partner rates through Nook start at 6.50% p.a., which is likely to be more competitive for most refinancing scenarios.
Yes — if your existing home loan is with Chinabank (or any other bank), you can apply to refinance to BPI Family Savings Bank through Nook at no cost to you. Nook handles the paperwork, coordinates with the bank, and guides you through every step of the process. All you need is to meet BPI's eligibility requirements, including a minimum monthly income of 40,000 pesos.
BPI Family Savings Bank requires a minimum monthly income of 40,000 pesos and a maximum debt-to-income ratio of 40%. They accept a wide range of employment types including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and licensed professionals. Typical approval takes around 52 days, and Nook will support you throughout the entire process for free.
Nook's mortgage broker service is completely free for borrowers — you pay zero fees to have Nook compare rates, prepare your application, and submit to partner banks on your behalf. Nook is compensated by the banks, not by you, so there is no conflict of interest in the recommendations you receive. It's the easiest way to make sure you're getting the best available rate without doing all the legwork yourself.
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