If you took out your RCBC home loan more than 2 years ago, there's a good chance you're paying too much interest every month. Nook can help you refinance to a rate as low as 5.99% p.a. — completely free.
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Why this matters
RCBC is one of the Philippines' most trusted home loan providers, offering competitive rates and flexible terms for borrowers across a wide range of income profiles. But even a good loan can become an expensive one over time — especially if your fixed-rate period has already reset to a higher repricing rate. Many RCBC borrowers find themselves locked into rates of 8% or higher after their initial fixed period ends, quietly paying thousands of pesos more each month than they need to.
Refinancing your RCBC home loan means replacing your existing mortgage with a new one — either with RCBC itself or with another bank offering better terms. Through Nook, you can compare refinance offers from multiple Philippine banks side by side, without the legwork of visiting branches or negotiating on your own. If you're unsure where to start, our RCBC housing loan requirements guide walks you through what lenders typically look for and how to prepare your documents. You can also use the RCBC housing loan interest rates calculator to model different scenarios before you apply.
Nook's service is 100% free to borrowers — we're compensated by the banks, not by you. That means you get expert guidance, rate comparisons, and application support at no cost. On a 3,000,000 loan, even shaving 2 percentage points off your rate can save you over 600,000 pesos across the life of your loan. The only question is: how long have you already been overpaying? Note that interest rates are subject to change — all figures shown are indicative and should be verified with your lender before proceeding.
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
Yes, absolutely. Refinancing does not require you to stay with RCBC — you can transfer your mortgage to any participating bank that offers better terms. Nook works with multiple Philippine banks and will help you compare offers so you can choose the one that saves you the most. There are no restrictions on switching lenders as long as your existing loan is in good standing.
The best refinance rate currently available through Nook is 5.99% p.a., though your actual rate will depend on your loan amount, remaining term, income profile, and the bank's current offerings. RCBC itself offers a 1-year fixed refinance rate of 7.00% p.a. for qualified borrowers. Nook will present you with the most competitive options available based on your specific situation.
RCBC's typical approval timeline is around 49 days from submission of complete documents. The full process — from application to loan release — can take 60 to 90 days depending on document completeness and property valuation schedules. Starting early and submitting all required paperwork upfront is the best way to avoid delays.
RCBC requires a minimum monthly income of 50,000 pesos and accepts borrowers from a range of employment backgrounds including private employees, OFWs, seafarers, self-employed individuals, and licensed professionals. Your debt-to-income ratio must not exceed 30%, and your existing home loan should have a clean payment history. Refinancing is available for ready-for-occupancy, resale, and foreclosed properties.
Nook's mortgage broking service is completely free for borrowers — there are no broker fees, consultation charges, or hidden costs on our end. We are compensated directly by the bank when your loan is successfully processed. You will still need to budget for standard refinancing costs such as bank processing fees, notarial fees, and mortgage registration charges, which vary by lender and loan amount.
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