Thousands of Filipino homeowners are refinancing their RCBC home loans to rates as low as 5.99% p.a. — Nook helps you compare all banks and switch for free.
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Why this matters
RCBC is a well-established home loan lender in the Philippines, and many borrowers took out their mortgages when rates were significantly higher. If your current RCBC home loan is sitting at 8% or above — whether on a fixed or variable rate — there's a real chance you're paying far more than you need to. Refinancing replaces your existing loan with a new one at a lower interest rate, reducing your monthly payment and freeing up cash every single month. With RCBC's 1-year fixed refinancing rate at 7.00% and Nook's best available rate at 5.99% p.a., the savings over a 20-year term can be substantial. On a 3,000,000 peso loan, switching from 8% to 5.99% could save you over 3,600 pesos every month.
The good news is that RCBC is a Nook partner bank, which means you can apply through Nook completely free of charge and get access to RCBC's competitive refinancing rates alongside offers from 10+ other Philippine banks — all in one place. RCBC accepts refinancing applications from private employees, OFWs, seafarers, self-employed individuals, and professionals, with a minimum monthly income requirement of 50,000 pesos and a maximum debt-to-income ratio of 30%. Typical approval takes around 49 days. For a full breakdown of what RCBC requires, see our RCBC Housing Loan Requirements 2026 guide.
Nook's role is to act as your free digital mortgage broker — we submit your application to multiple banks simultaneously, help you compare real offers side by side, and guide you through every step of the process. You never pay Nook a fee; our service is funded by the banks, not the borrower. Whether RCBC turns out to be your best option or another lender beats their rate, you'll know you got the best deal available to you. If you're already considering an RCBC refinance, you can also review the full RCBC refinancing guide for a deeper dive into how the process works. Interest rates are subject to change — always verify current rates 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
RCBC currently offers a 1-year fixed refinancing rate of 7.00% p.a. and a home equity rate of 8.00% p.a. These rates are competitive within the Philippine market, though Nook's best available refinancing rate across all partner banks is 5.99% p.a. Always confirm current rates with RCBC or through Nook, as rates are subject to change.
Yes, you are not required to stay with RCBC when you refinance — you can move your home loan to any bank that offers better terms. Nook compares RCBC alongside BDO, BPI, Security Bank, Metrobank, and other Philippine lenders so you can see all your options at once. If RCBC has the best rate for your profile, Nook will tell you; if another bank beats it, you'll know that too.
RCBC accepts refinancing applications from private employees, OFWs, seafarers, self-employed individuals, and licensed professionals. You'll need a minimum monthly income of at least 50,000 pesos and your total debt obligations should not exceed 30% of your gross monthly income. Your property must also have a clean title and be covered by sufficient property insurance.
RCBC's typical approval timeline for refinancing is around 49 days from submission of complete documents. This covers credit evaluation, property appraisal, and legal document review. Submitting a complete and accurate application through Nook can help avoid unnecessary delays, as our team reviews your documents before submission.
Nook's service is completely free for borrowers — you pay nothing to compare rates, submit applications, or get guidance throughout the process. Nook is compensated by the bank when a loan is successfully processed, similar to how a real estate broker is paid by the seller, not the buyer. You get independent advice and a free application service with no hidden costs.
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