Homeowners refinancing through Nook can access rates as low as 5.99% p.a. — potentially saving thousands every month compared to a typical RCBC variable rate of 7.00% or higher. Nook's broker service is completely free.
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Why this matters
RCBC is one of the Philippines' leading private banks and a competitive player in the home loan market, offering a 1-year fixed rate starting at 7.00% p.a. for refinancing. If you took out your home loan several years ago — whether with RCBC or another bank — there's a strong chance your current rate is higher than what's available today. Refinancing to RCBC, or refinancing away from RCBC to a lower-rate lender, could meaningfully reduce what you pay every month. To understand the full picture of RCBC housing loan interest rates and how they compare, it's worth running the numbers before you decide.
The refinancing process with RCBC typically takes around 49 days from application to approval. RCBC accepts a wide range of borrower profiles including private employees, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is 50,000, and the maximum debt-to-income ratio is 30%. RCBC's refinancing program covers standard residential properties, ready-for-occupancy units, pre-selling properties, and even home equity loans — making it one of the more flexible options in the Philippine market. For a full breakdown of what you'll need to prepare, see our RCBC housing loan requirements and eligibility guide.
Nook works as an independent digital mortgage broker, which means we compare RCBC's rates side by side with other Philippine banks — BDO, BPI, Metrobank, Security Bank, and more — to find the best deal for your specific situation. There are no broker fees, no hidden charges, and no obligation to proceed. Whether you're looking to refinance into RCBC or refinance out of it, Nook gives you an unbiased comparison in minutes. Note: Interest rates are subject to change. Always verify the latest rates directly with your lender or through Nook before making a financial 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
Yes — if your current RCBC rate is above the market's best available rates, refinancing is absolutely worth exploring. Through Nook, you can compare RCBC's current refinancing rate of 7.00% p.a. against offers from other partner banks to see which gives you the lowest monthly payment. The entire comparison process is free and takes just a few minutes.
RCBC's typical approval timeline for refinancing is around 49 days from submission of complete documents. This is broadly in line with other major Philippine banks. Nook can help you prepare your documents correctly the first time, which reduces the risk of delays caused by incomplete submissions.
Standard requirements include a valid government-issued ID, proof of income (payslips, ITR, or business documents depending on your employment type), a copy of your existing loan statement of account, and the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT) of the property. For a complete and up-to-date checklist, refer to our detailed guide on RCBC housing loan requirements.
Yes. RCBC accepts loan applications from OFWs, seafarers, self-employed individuals, and licensed professionals, in addition to private employees. Income requirements and supporting documents vary by employment type, so it's important to prepare the right paperwork for your specific category. Nook can guide you through what's needed based on your profile.
No — Nook's service is 100% free for borrowers. Nook is compensated by the bank when a loan is successfully placed, so there is no cost to you at any stage of the process. You get access to professional mortgage broking, bank comparisons, and application support entirely at no charge.
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