RCBC offers competitive home loan refinancing rates starting at 7.00% p.a. — and through Nook, you can compare RCBC against other top Philippine banks to find your lowest possible rate, for free.
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Why this matters
RCBC (Rizal Commercial Banking Corporation) is one of the Philippines' most established banks and a recognized player in the home loan market. Their refinancing product is designed for homeowners who want to reduce their monthly payments, access home equity, or consolidate debt — with a 1-year fixed rate of 7.00% p.a. and a home equity option at 8.00% p.a. RCBC accepts a wide range of borrower profiles, including private employees, OFWs and seafarers, self-employed individuals, and licensed professionals, with a minimum monthly income requirement of 50,000. For a deeper look at eligibility and what documents you'll need, see our RCBC refinancing rates and requirements guide.
The refinancing process with RCBC typically takes around 49 days from application to approval — which is in line with industry standards in the Philippines. RCBC supports a variety of loan purposes under its refinancing program, including reselling, ready-for-occupancy (RFO), pre-selling, and foreclosed properties, giving borrowers flexibility depending on how their property situation has evolved since their original loan. The maximum debt-to-income ratio allowed is 30%, so it's worth reviewing your current monthly obligations before applying.
Where Nook adds real value is in helping you go beyond a single-bank comparison. Rather than applying to RCBC alone, Nook submits your profile to multiple partner banks simultaneously — so you can see whether RCBC's 7.00% rate is truly the best available for your loan size, tenure, and income profile. The best refinance rate currently available through Nook is 5.99% p.a., which on a 3,000,000 loan over 20 years could mean savings of over 700,000 pesos compared to a 9.00% rate. Nook's service is completely free to borrowers. To understand how the full switching process works, read our step-by-step guide to switching banks in the Philippines. Note that interest rates are subject to change — always verify the current rate directly with your 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
RCBC currently offers a 1-year fixed refinancing rate of 7.00% p.a. and a home equity loan rate of 8.00% p.a. These rates are competitive within the Philippine market, though they are subject to change — we recommend verifying the latest rates through Nook or directly with RCBC before proceeding.
RCBC accepts applications from private employees, OFWs and seafarers, self-employed individuals, and licensed professionals. You'll need a minimum monthly income of 50,000 and a debt-to-income ratio of no more than 30% of your gross monthly income.
The typical approval timeline for RCBC refinancing is approximately 49 days from submission of a complete application. This includes document review, property appraisal, and credit evaluation. Preparing your documents in advance can help avoid unnecessary delays.
It depends on your current interest rate and remaining loan balance. If you're paying 8.5% or higher, refinancing to RCBC's 7.00% rate could meaningfully reduce your monthly payments and total interest cost over the life of your loan. Using Nook to compare RCBC against other banks ensures you're getting the best deal available — not just a better deal than your current bank.
No — Nook's service is 100% free to borrowers. Nook is compensated by the bank when a loan is successfully placed, which means you get full broker support, multi-bank comparisons, and application assistance at no cost to you.
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