Refinancing your home loan to RCBC could lower your rate to 7.00% p.a. — or go even lower at 5.99% p.a. through Nook's exclusive partner rates. Find out how much you could save in minutes.
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Why this matters
RCBC (Rizal Commercial Banking Corporation) is one of the Philippines' most established commercial banks and a strong option for homeowners looking to refinance their existing home loan. With a 1-year fixed rate starting at 7.00% p.a., RCBC offers competitive pricing for borrowers who qualify — and through Nook, you can apply to RCBC and compare it against other leading lenders in a single, free process. If you're currently paying 8%, 9%, or more with your existing bank, refinancing to RCBC could meaningfully reduce your monthly obligations and free up real cash every month. See the full RCBC housing loan refinance breakdown for a deeper look at payment scenarios.
To be eligible for RCBC home loan refinancing, you'll generally need a minimum monthly income of ₱50,000, a clean credit history, and a property with sufficient collateral value. RCBC accepts applications from private employees, self-employed individuals, OFWs, seafarers, and professionals — making it one of the more inclusive lenders in the Philippine market. The bank's maximum debt-to-income ratio is 30%, meaning your total monthly loan obligations (including the new home loan) should not exceed 30% of your gross monthly income. For a complete breakdown of documents and eligibility criteria, visit our RCBC housing loan requirements 2026 guide.
One of the most overlooked aspects of refinancing is timing and processing speed. RCBC's typical approval timeline is around 49 days — which is worth factoring into your planning, especially if you're approaching a rate reset period with your current bank. Applying through Nook means a licensed mortgage broker handles your paperwork, follows up with the bank on your behalf, and ensures you're getting the best available rate — all at zero cost to you. Interest rates are subject to change; always confirm the latest figures with Nook or RCBC 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
Yes — this is called a loan takeover or external refinancing, and RCBC accepts applications from borrowers currently paying their home loan with BDO, BPI, Metrobank, Security Bank, and other Philippine banks. You'll need to provide your latest Statement of Account from your current lender and meet RCBC's standard eligibility requirements. Nook can help you prepare and submit your application at no cost.
RCBC's 1-year fixed refinancing rate is 7.00% p.a. as of 2026, while their Home Equity loan rate is 8.00% p.a. Through Nook's broker platform, some borrowers may qualify for rates as low as 5.99% p.a. depending on their loan profile and the lender matched. Note that interest rates are subject to change — verify the latest rates through Nook before applying.
RCBC's typical approval timeline is approximately 49 days from submission of complete documents. This includes property appraisal, credit evaluation, and internal underwriting. Applying through Nook helps speed up the process because our team ensures your documents are complete and correctly formatted before submission.
RCBC requires a minimum monthly income of ₱50,000 for home loan refinancing applicants. This applies across employment types including private employees, self-employed individuals, OFWs, and professionals. Your total monthly debt obligations — including the refinanced loan — must not exceed 30% of your gross monthly income under RCBC's debt-to-income policy.
Yes, Nook's service is completely free for borrowers. Nook is compensated by the bank upon loan approval, similar to how real estate brokers are paid — meaning you get expert mortgage advice and full application support without paying any broker fees. There are no hidden charges for comparing lenders or submitting through Nook's platform.
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