RCBC offers a 7.00% fixed rate for home loan refinancing — and Nook helps you switch from your current bank completely free.
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Why this matters
If you took out a home loan a few years ago, chances are your current interest rate is somewhere between 8% and 10% — and with every passing year, you're paying thousands of pesos more than you need to. RCBC's home loan refinancing program offers a competitive 1-year fixed rate of 7.00% p.a., making it one of the more attractive options in the Philippine market today. Refinancing to RCBC means resetting your rate, lowering your monthly amortization, and freeing up cash for what matters most to your family. You can learn more about the full switch process in our complete guide to RCBC home loan refinancing in 2026.
RCBC accepts refinancing applications from a wide range of borrowers — including private employees, OFWs, seafarers, self-employed professionals, and business owners — with a minimum monthly income requirement of P50,000. Approved applicants can expect a typical processing timeline of around 49 days. The bank also accommodates various loan purposes including refinancing, home equity, reselling, and ready-for-occupancy (RFO) properties, giving you flexibility based on your situation. Their maximum debt-to-income ratio of 30% is a key qualification benchmark to keep in mind when applying.
That's where Nook comes in. As the Philippines' first digital mortgage broker, Nook manages your entire refinancing application — from document preparation to bank submission and approval follow-up — at zero cost to you. We work directly with RCBC and other partner banks to match you with the best available rate for your profile. Instead of going through the process alone and risking delays or rejections, let Nook guide you from start to finish. If you're comparing your options, our guide to switching banks and lowering your rate with RCBC is a great place to start. Note that interest rates are subject to change — always verify the latest rates with RCBC 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
RCBC currently offers a 1-year fixed rate of 7.00% p.a. for home loan refinancing, and an 8.00% rate for home equity loans. These are among the more competitive rates available in the Philippine market right now. Rates are subject to change, so we recommend confirming the latest figures through Nook or directly with RCBC before proceeding.
RCBC accepts applications from private employees, OFWs, seafarers, self-employed individuals, and licensed professionals with a minimum monthly income of P50,000. Your debt-to-income ratio must not exceed 30%, meaning your total monthly loan obligations — including the new mortgage — should be within that threshold. Nook can help you assess your eligibility before you apply.
RCBC's typical approval timeline is around 49 days from complete submission of documents. Delays often happen when documents are incomplete or inconsistent, which is why working with Nook can make a significant difference — we review everything before it goes to the bank. A clean, complete application is the fastest path to approval.
Common fees in a refinancing transaction include appraisal fees, mortgage registration fees, notarial fees, and possibly a pre-termination fee from your current bank. RCBC may also charge processing fees depending on your loan structure. Nook will walk you through the expected cost breakdown before you commit, so there are no surprises along the way.
Yes, Nook's mortgage brokering service is 100% free to borrowers. Nook earns a referral fee from the bank upon successful loan disbursement — you pay nothing extra for the guidance, document assistance, and application management Nook provides. You get the same bank rate you'd get applying directly, just with expert support throughout the process.
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