RCBC offers a 1-year fixed rate of 7.00% p.a. — but Nook can help you refinance to as low as 5.99% p.a., potentially saving you over 58,000 pesos every year.
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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 1-year fixed rate starts at 7.00% p.a., with a Home Equity product available at 8.00% p.a. — competitive rates compared to what many Filipino borrowers are currently paying on older loan agreements. RCBC accepts a wide range of borrowers including private employees, OFWs and seafarers, self-employed individuals, and licensed professionals, with a minimum monthly income requirement of 50,000 pesos. If you're wondering whether you qualify, you can review the full RCBC housing loan requirements before applying.
When refinancing through RCBC via Nook, you benefit from Nook's free broker service — meaning you get professional loan matching, document guidance, and bank submission handled on your behalf at zero cost. RCBC's typical approval timeline is around 49 days, and their maximum debt-to-income ratio is 30%, so it's worth calculating your monthly obligations before applying. For a 3,000,000 peso loan with 20 years remaining, switching from a typical 8.50% rate to 5.99% could mean saving over 46,000 pesos annually — real money that stays in your pocket.
It's also worth knowing that RCBC supports refinancing of Ready for Occupancy (RFO) properties, resale homes, pre-selling units, and even foreclosed properties and home equity purposes — giving borrowers more flexibility than many competing banks. Whether you're currently with BDO, BPI, Metrobank, or another lender, refinancing to RCBC through Nook is a straightforward process. If you want a step-by-step breakdown of what documents to prepare, check out the RCBC housing loan requirements and application guide for 2026. Please note that interest rates are subject to change — always verify the latest rates directly with RCBC or through Nook 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 rate of 7.00% p.a. for home loan refinancing, and a Home Equity product at 8.00% p.a. These rates are among the more competitive options available from Philippine banks in 2026. Note that rates are subject to change, so always confirm the latest figures with RCBC or through Nook before locking in your decision.
RCBC accepts applications from private employees, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is 50,000 pesos, and your total monthly debt obligations should not exceed 30% of your gross monthly income. Loan purposes covered include refinancing, home equity, RFO, pre-selling, resale, and foreclosed properties.
RCBC's typical approval timeline is around 49 days from complete document submission. This is broadly in line with other major Philippine banks, though timelines can vary depending on document completeness and property appraisal scheduling. Applying through Nook can help speed things up since Nook's team ensures your application is properly prepared before submission.
Yes — Nook's mortgage brokering service is 100% free to the borrower. Nook is compensated by the bank upon successful loan disbursement, so you pay nothing for loan matching, document assistance, or application submission. You get the same RCBC rates as applying directly, but with professional support throughout the process.
Savings depend on your current rate, remaining loan balance, and the new rate you qualify for. For a 3,000,000 peso loan with 20 years remaining, switching from 8.50% to 5.99% p.a. would reduce your monthly payment by approximately 3,839 pesos — that's over 46,000 pesos saved per year and more than 691,000 pesos over the remaining loan term. Use Nook's free calculator to estimate your personal savings based on your actual loan details.
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