Thousands of Filipino homeowners are still locked into high RCBC home loan rates from years ago. Refinancing through Nook could cut your monthly payment by ₱4,000 or more — and our service is completely free.
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Why this matters
RCBC is one of the Philippines' most trusted home loan providers, offering competitive products for purchases, home equity, and refinancing. But if you took out your RCBC home loan several years ago — or if you're currently paying RCBC's standard 1-year fixed rate of 7.00% or their Home Equity rate of 8.00% — there's a real chance you could be paying significantly less. Through Nook, you can compare RCBC's current refinancing rates side-by-side with offers from over a dozen other Philippine banks, all in one place and at zero cost to you. For a full breakdown of what RCBC looks for in a refinancing applicant, see our RCBC housing loan requirements guide for 2026.
Refinancing works by replacing your existing home loan with a new one — ideally at a lower interest rate. Even a reduction of 1 to 2 percentage points can translate into tens of thousands of pesos saved every year. On a ₱3,000,000 loan with 20 years remaining, moving from 8.00% to 5.99% reduces your monthly amortisation by over ₱4,000 and saves you more than ₱740,000 over the life of the loan. Nook's platform makes it easy to see exactly how much you stand to save before you commit to anything. You can also explore our RCBC housing loan interest rate calculator to run your own numbers.
To qualify for refinancing through RCBC or any of Nook's partner banks, you'll generally need a minimum monthly income of ₱50,000, a good credit history, and a property with sufficient equity. RCBC accepts applications from salaried employees in the private sector, OFWs and seafarers, self-employed individuals, and licensed professionals — making it one of the more accessible options in the market. Approval typically takes around 49 days, and your debt-to-income ratio should not exceed 30%. Nook handles all the comparison work for you, so you can focus on choosing the best deal rather than chasing paperwork across multiple banks. Note that all interest rates are subject to change — always verify current rates directly with your chosen lender before finalising any 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 — Nook can help you refinance away from your current RCBC loan to a bank offering a lower rate, or even refinance within RCBC if they offer the most competitive deal for your situation. Our platform compares all options simultaneously so you always see the best available rate. The entire process is free for borrowers.
RCBC currently offers a 1-year fixed rate of 7.00% p.a. for standard home loans and 8.00% p.a. for Home Equity loans. Through Nook, the best available refinancing rate across all partner banks is currently 5.99% p.a. Interest rates are subject to change, so we recommend verifying the latest rates before applying.
On a ₱3,000,000 loan with 20 years remaining, switching from RCBC's 8.00% Home Equity rate to 5.99% saves approximately ₱4,137 per month — that's nearly ₱50,000 a year and over ₱744,000 across the full loan term. Your actual savings will depend on your outstanding balance, remaining term, and the rate you qualify for.
RCBC requires a minimum monthly income of ₱50,000 and a maximum debt-to-income ratio of 30%. They accept private sector employees, OFWs and seafarers, self-employed individuals, and licensed professionals. For a complete list of documents and eligibility criteria, check our detailed RCBC housing loan requirements and application guide.
RCBC's typical approval timeline for a refinancing application is around 49 days from submission of complete documents. Nook helps you prepare a complete application from the start, which minimises back-and-forth with the bank and reduces the risk of delays. We'll guide you through every step at no cost to you.
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