Thousands of Filipino homeowners are still paying 7% or more on their RCBC housing loan — Nook can help you transfer to a lender offering as low as 5.99% p.a., completely free.
YOUR POTENTIAL SAVINGS
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Why this matters
If your RCBC housing loan is approaching the end of its fixed-rate period — or you've already rolled over to a variable rate — there's a good chance you're paying more than you need to. Many homeowners locked in rates of 7.5% to 9% several years ago and haven't revisited their options since. With Nook, you can compare refinancing offers from multiple Philippine banks in one place and find out if a loan transfer could meaningfully reduce your monthly payment. The process is 100% free for borrowers, and Nook's mortgage specialists handle the heavy lifting for you.
Transferring your RCBC housing loan to another bank — sometimes called a balance transfer or loan takeover — means a new lender pays off your remaining balance with RCBC and sets up a fresh loan at a lower interest rate. For a ₱3,000,000 outstanding balance on a 20-year term, dropping from 7.50% to 5.99% could save you over ₱4,800 per month. That's nearly ₱58,200 a year back in your pocket. Before you decide, it's worth reviewing how RCBC housing loan refinancing works so you understand all your options — including refinancing within RCBC itself versus switching to a new bank.
Nook works with a growing panel of partner banks, including RCBC, BDO, BPI, Security Bank, and more. Our advisors will assess your current loan, your income profile, and your property details to match you with the best available offer. Whether you're a salaried employee, self-employed professional, or an OFW, Nook can guide you through eligibility, documentation, and application — at zero cost to you. Interest rates are subject to change; always verify current rates with your chosen bank 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
A housing loan transfer (also called a balance transfer or loan takeover) means a new bank pays off your remaining balance with RCBC and issues you a new home loan at a different — ideally lower — interest rate. You then make monthly payments to the new bank instead. This is a common strategy when your fixed-rate period with RCBC has expired and your rate has repriced upward.
Nook's service is completely free to borrowers — we are compensated by the receiving bank, not by you. However, standard third-party costs may apply during the transfer process, such as appraisal fees, legal fees, and documentary stamp tax. Your Nook advisor will walk you through all expected costs upfront so there are no surprises.
Eligibility depends on factors like your remaining loan balance, your current monthly income, your property type, and your payment history. Most banks require a minimum monthly income of around ₱50,000 and a good credit standing. You can check the full eligibility checklist for RCBC housing loans to get a sense of what receiving banks typically look for, since requirements are broadly similar across lenders.
The timeline varies by bank, but most loan transfers take between 30 and 60 working days from the time you submit a complete set of documents. Nook helps you prepare your documents correctly the first time, which significantly reduces delays and back-and-forth with the bank. Your advisor will give you a realistic timeline based on the specific bank you're transferring to.
Technically yes, but RCBC may charge a pre-termination fee if you exit the loan before the fixed-rate term ends. It's important to calculate whether the savings from a lower rate outweigh this penalty before proceeding. Nook advisors can help you run the numbers to make sure a transfer makes financial sense at your specific stage of the loan.
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