Metrobank vs RCBC

Metrobank vs RCBC Housing Loan: Quick Comparison

Below is a side-by-side snapshot of what Metrobank and RCBC currently offer for housing loans in 2026. Note that Metrobank rates shown are approximate figures based on publicly available information and are subject to change — always verify directly with the bank. RCBC rates are verified partner rates available through Nook.

⚠️ Metrobank rates and requirements are approximate, based on publicly available information, and subject to change without notice. Verify current rates directly with Metrobank. RCBC rates are verified as of 2026 and available through Nook at no cost to you.

Interest Rates Deep Dive

Interest rates are often the single biggest factor in your total housing loan cost over 15–25 years. Even a 0.50% difference in your annual rate can mean hundreds of thousands of pesos in savings — or extra costs — over the life of your loan.

RCBC Rates (Verified via Nook)

RCBC offers a 1-Year Fixed Rate of 7.00% p.a. — one of the most competitive verified rates available in the Philippine market today. For homeowners looking to tap their property's value, the Home Equity rate is 8.00% p.a. These rates are confirmed partner rates you can access by applying through Nook for free.

Metrobank Rates (Approximate)

Metrobank is one of the Philippines' largest universal banks and offers housing loans across a range of fixed-rate periods. Based on publicly available information, their 1-year fixed rates are estimated at approximately 7.50%–8.50% p.a., though these figures are approximate and subject to change. Metrobank occasionally runs promotional rates for select developments or payroll clients, so it's worth checking directly with their branch for your specific scenario.

Sample Monthly Payment Comparison

To illustrate the impact of rate differences, here's a sample calculation for a P3,000,000 loan over 20 years:

These figures are illustrative only. Actual payments will depend on your exact rate, loan term, fees, and amortization schedule. Use Nook's free calculator for a personalized estimate.

Eligibility Requirements

Both banks have eligibility criteria around income, employment, age, and property type. Here's how they compare:

RCBC Eligibility (via Nook)

• Minimum Monthly Income: P50,000
• Employment Types: Private employees, OFW/Seafarers, Self-Employed individuals, and Professionals
• Maximum Debt-to-Income Ratio: 30%
• Loan Purposes Accepted: Refinancing, Ready For Occupancy (RFO), Pre-Selling, Home Equity, Reselling, and Foreclosed properties

RCBC's broad acceptance of OFWs and seafarers is a significant advantage — many banks are restrictive with overseas workers, making RCBC a standout choice for this segment of Filipino borrowers.

Metrobank Eligibility (Approximate)

• Minimum Monthly Income: Approximately P40,000–P50,000 (verify with Metrobank)
• Employment Types: Primarily private employees and self-employed; OFW eligibility may vary by branch and documentation
• Maximum Debt-to-Income Ratio: Approximately 30%–35% (subject to credit assessment)
• Loan Purposes: Purchase of house and lot, condominium, vacant lot, refinancing, and home construction

Metrobank is a well-established lender with a wide branch network, which can be convenient for in-person document submission. However, their OFW and self-employed acceptance criteria may be more restrictive compared to RCBC.

Fees and Charges

Beyond interest rates, it's important to factor in one-time and recurring fees that affect your total loan cost.

Common Housing Loan Fees to Watch

One of the most overlooked savings when using Nook is the zero broker fee. Traditional mortgage brokers or agents in the Philippines typically charge 1%–2% of the loan amount as a facilitation fee. Nook charges borrowers absolutely nothing — the service is 100% free.

Refinancing: Which Bank is Better?

If you're an existing homeowner looking to refinance your current home loan to a lower rate, both Metrobank and RCBC accept refinancing applications — but there are important differences.

RCBC's verified 7.00% p.a. refinance rate means that if you're currently paying 8%, 9%, or 10% at another bank, switching to RCBC through Nook could save you a significant amount monthly. For a P3,000,000 loan balance, dropping from 9% to 7% saves approximately 3,500–4,000 per month in amortization alone.

Nook specializes in refinancing and will handle the entire process for you — from comparing rates across partner banks to coordinating with your existing lender and new bank. There's no paperwork confusion and no broker fee. If you're exploring this option, you may also want to read our detailed guide on RCBC vs Metrobank housing loan rates for a deeper analysis of how these two banks stack up specifically for refinancers.

RCBC Refinancing Highlights

• Accepts refinancing as a stated loan purpose
• 1-Year Fixed Rate: 7.00% p.a. (verified)
• Accepts private employees, OFWs, self-employed, and professionals
• Typical approval in 49 days
• Apply free through Nook

Metrobank Refinancing

Metrobank does accept home loan refinancing applications. Rates and terms are approximately in line with their standard housing loan products. If you are an existing Metrobank client, you may be eligible for retention rates — always ask your relationship manager. However, without a verified broker like Nook negotiating on your behalf, you may not be getting the most competitive rate available in the market.

OFW and Overseas Filipino Borrowers

For Filipinos working abroad, securing a housing loan can be more complex due to documentation requirements and income verification. This is an area where RCBC clearly outperforms many competitors.

RCBC explicitly accepts OFW/Seafarer borrowers as eligible applicants through Nook. With the right documentation — typically including employment contracts, proof of remittance, and an authorized representative or Special Power of Attorney in the Philippines — OFWs can successfully apply for RCBC housing loans through Nook's fully digital process.

Metrobank may also accommodate OFW applications at select branches, but eligibility criteria and required documents can vary. OFWs are advised to confirm requirements with their nearest Metrobank branch or contact center before proceeding.

For OFW borrowers specifically, RCBC via Nook is likely the more straightforward and accessible option in 2026.

The Nook Advantage: Why Apply Through Us?

Nook is the Philippines' first digital mortgage broker — and applying through Nook for your RCBC housing loan costs you absolutely nothing. Here's what you get:

• ✅ Verified partner rates — no surprises, no bait-and-switch
• ✅ Free service — Nook is 100% free to borrowers
• ✅ Expert guidance — our mortgage specialists help you prepare documents and navigate the process
• ✅ Multi-bank comparison — we compare rates across our partner banks so you don't have to
• ✅ Fully digital process — apply from anywhere in the Philippines (or abroad)
• ✅ Refinancing specialists — if you're switching from another bank, we handle the coordination

Whether you're buying your first home, upgrading to a bigger property, or refinancing an existing loan to lower your monthly payments, Nook simplifies every step. For a broader look at how these two banks compare across more scenarios, see our Metrobank vs RCBC home loan rates comparison.

⚠️ Important Disclaimer: All interest rates are subject to change without notice. Metrobank rates cited on this page are approximate, based on publicly available information as of 2026, and may not reflect current promotional or advertised rates. Always verify current rates directly with Metrobank. RCBC rates are verified partner rates available through Nook and are also subject to periodic adjustment.