RCBC's 7.00% fixed rate could save you thousands every month — and switching is easier than you think. Nook handles everything, 100% free.
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Why this matters
If you took out your home loan a few years ago — whether through a developer in-house financing scheme or a bank that locked you in at a higher rate — there's a strong chance you're overpaying every single month. RCBC's 2026 refinancing rate of 7.00% p.a. (1-year fixed) is one of the most competitive offers available in the Philippines today, and switching to it from a 9% loan on a ₱3,000,000 balance could put over ₱3,600 back in your pocket each month. Over the remaining life of your loan, that compounds into real, life-changing savings. You can review RCBC's full interest rate schedule and use a loan calculator to model your exact scenario before you commit to anything.
Refinancing with RCBC means you'll need to meet a minimum monthly income of ₱50,000 and pass a standard debt-to-income check (max 30% DTI). RCBC accepts applications from private employees, OFWs and seafarers, self-employed individuals, and licensed professionals — making it one of the more accessible refinancing options for a wide range of Filipino borrowers. Loan purposes covered include refinancing of existing bank loans, home equity takeout, and pre-selling or RFO units. Typical approval takes around 49 days, so if you're planning ahead for a rate repricing deadline, it pays to start early. For a complete checklist of what you'll need to prepare, see our RCBC housing loan requirements guide for 2026.
The smartest way to refinance to RCBC is through Nook — the Philippines' first digital mortgage broker. Nook compares RCBC's offer against other partner banks on your behalf, helps you prepare your documents, and submits your application at no cost to you whatsoever. There are no broker fees, no hidden charges, and no pressure to proceed. If RCBC is the best fit for your situation, Nook will get you there faster and with far less paperwork stress than applying on your own. Interest rates are subject to change — verify current rates with Nook or directly with RCBC before finalising your 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
RCBC's current refinancing rate is 7.00% p.a. on a 1-year fixed term, which is among the lowest available from a major Philippine bank right now. RCBC also offers a Home Equity product at 8.00% p.a. for borrowers looking to unlock equity in their property. Rates are subject to change, so it's best to confirm the latest figures through Nook or directly with RCBC.
Yes — refinancing means you're paying off your existing loan with a new RCBC loan, so it doesn't matter which bank currently holds your mortgage. RCBC accepts refinancing applications from borrowers with loans at BDO, BPI, Metrobank, Security Bank, and most other Philippine banks. You'll simply need to provide your latest Statement of Account and existing loan documents as part of the application.
RCBC typically approves refinancing applications within 49 days from submission of complete documents. Starting your application early — especially if your current loan's fixed-rate period is about to end — gives you enough lead time to lock in RCBC's rate before your repricing kicks in. Applying through Nook can help speed up document preparation and reduce back-and-forth with the bank.
You'll need a minimum monthly income of ₱50,000 and a debt-to-income ratio of no more than 30% — meaning your total monthly loan obligations should not exceed 30% of your gross monthly income. RCBC accepts private employees, OFWs, seafarers, self-employed individuals, and licensed professionals. The property must already be titled and used as collateral for the refinanced loan.
Nook's mortgage brokering service is completely free for borrowers — you pay nothing for Nook's advice, document support, or application submission. Nook earns a referral fee from the bank only if your loan is successfully disbursed, so there's no cost or obligation on your end at any point. Standard bank fees such as appraisal and registration charges will still apply as part of the refinancing process.
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