If you took out your RCBC home loan more than two years ago, you may be paying a rate far above today's best offers. 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 well-regarded home loan provider in the Philippines, offering competitive rates and flexible loan structures for both purchases and refinancing. Their 1-year fixed refinancing rate currently sits at 7.00% p.a., which is a solid starting point — but if your existing RCBC loan is on an older, repriced rate, you could be paying significantly more than necessary. Many Filipino homeowners find themselves locked into rates of 8%, 9%, or even higher after their initial fixed period ends and their bank automatically reprices upward. Refinancing is how you take back control.
Whether you want to switch away from RCBC to a lower-rate lender, or you're currently with another bank and considering RCBC as your new lender, Nook can run the numbers for you across multiple partner banks simultaneously. As the Philippines' first digital mortgage broker, Nook submits your application to multiple lenders and presents you with the best offer — at zero cost to you. Before you apply, it helps to understand RCBC's housing loan requirements and eligibility criteria so you know exactly what documents to prepare.
Refinancing through Nook typically takes around 49 days for RCBC approvals, and RCBC accepts a broad range of borrower profiles including private employees, OFWs, seafarers, self-employed individuals, and professionals. The minimum qualifying monthly income is 50,000, and RCBC caps your debt-to-income ratio at 30% — meaning your total monthly loan obligations should not exceed 30% of your gross monthly income. If you're unsure whether you qualify, Nook's team can assess your eligibility in minutes. Please note that interest rates are subject to change — always verify current rates directly with your lender or through Nook before making a 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
Yes — if your RCBC loan has been repriced to a higher rate after your initial fixed period, you can refinance to another bank offering better terms, or even negotiate a new rate structure through RCBC itself. Nook compares options across multiple lenders so you always see the best available deal. The best refinance rate currently available through Nook is 5.99% p.a.
RCBC's 1-year fixed refinancing rate is currently 7.00% p.a., and their home equity loan rate is 8.00% p.a. These rates are competitive within the Philippine market, though the best rate for you will depend on your loan amount, income profile, and remaining term. Rates are subject to change, so it's worth verifying the latest figures through Nook or directly with RCBC.
RCBC accepts refinancing applications from private employees, OFWs, seafarers, self-employed individuals, and licensed professionals. You'll need a minimum monthly income of 50,000 and a debt-to-income ratio no higher than 30%. For a full breakdown of eligibility criteria and required documents, see this RCBC housing loan eligibility checklist.
RCBC's typical approval timeline for refinancing is around 49 days from submission of a complete application. This timeline can vary depending on property appraisal schedules, document completeness, and internal bank processing. Applying through Nook helps streamline this — our team checks your documents before submission to minimise back-and-forth delays.
No — Nook's mortgage brokering service is completely free for borrowers. Nook is compensated by the bank when a loan is successfully approved, which means you get expert guidance, multi-bank comparison, and full application support at zero cost. There are no hidden fees or obligations to proceed once you receive your loan offers.
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