Thousands of Filipino homeowners are still paying 7% or higher on their RCBC home loan — Nook can help you refinance to as low as 5.99% p.a. for free.
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Why this matters
RCBC is a trusted home loan provider in the Philippines, offering competitive 1-year fixed rates starting at 7.00% p.a. But if your RCBC home loan was taken out a few years ago — or if your current fixed-rate period has already reset — there's a good chance you're paying more than you need to. Refinancing means replacing your existing loan with a new one at a lower interest rate, which directly reduces your monthly amortisation. Through Nook, you can compare RCBC's own refinancing options alongside other top Philippine banks to make sure you're always on the best available rate. If you're unsure what documents you'll need, our RCBC Housing Loan Requirements & Application Guide walks you through everything step by step.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We handle the comparison, paperwork coordination, and bank submissions on your behalf — saving you weeks of back-and-forth. RCBC is one of our partner banks, which means we have direct relationships with their home loan team and can help move your application through their 49-day typical approval process as efficiently as possible. Whether you're refinancing away from RCBC or refinancing with RCBC for the first time, Nook gives you a clear picture of your options before you commit.
To qualify for an RCBC refinancing loan through Nook, you'll generally need a minimum monthly income of 50,000 and a debt-to-income ratio below 30%. RCBC accepts applications from salaried employees in the private sector, OFWs and seafarers, self-employed professionals, and business owners. For a deeper look at eligibility criteria and what to prepare, see our RCBC Housing Loan Refinance guide. Note that all interest rates are subject to change — always verify current rates directly with the bank or through your Nook advisor before finalising 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 — if your current RCBC loan is on a higher fixed rate or has repriced upward, you can refinance either within RCBC at a new rate or switch to another bank offering better terms. Nook compares both options for you at no cost, so you can make an informed decision without committing to anything upfront.
RCBC currently offers a 1-year fixed rate of 7.00% p.a. for home loan refinancing, with a Home Equity option at 8.00% p.a. These rates are subject to change, so we recommend confirming the latest figures with a Nook advisor who has direct access to RCBC's current loan offerings.
RCBC's typical home loan approval timeline is around 49 days from submission of complete documents. Working with Nook can help streamline this process — we review your documents before submission to reduce the chance of delays or back-and-forth with the bank.
Yes, Nook's service is 100% free to borrowers. Nook earns a referral fee from the bank when your loan is successfully approved, so there's no charge to you at any stage — no consultation fee, no processing fee, and no hidden costs.
RCBC requires a minimum monthly income of 50,000 to qualify for a home loan refinancing. They accept applicants who are privately employed, self-employed, professionals, or OFWs and seafarers, with a maximum debt-to-income ratio of 30%. If you're unsure whether you qualify, a quick conversation with a Nook advisor can give you a clear answer based on your specific situation.
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