RCBC home loans start at 7.00% p.a. — and if you refinance through Nook, you could access rates as low as 5.99% p.a. with zero broker fees.
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Why this matters
RCBC (Rizal Commercial Banking Corporation) is one of the Philippines' most established commercial banks — and one of Nook's verified partner banks. Their home loan product is genuinely competitive: a 1-year fixed rate starting at 7.00% p.a. puts them at or below what many Filipino homeowners are currently paying on older loans locked in at 8%, 9%, or even 10%. If you took out your home loan two or more years ago and haven't reviewed your rate since, there's a real chance RCBC could cut your monthly payment significantly. RCBC also offers a Home Equity loan option at 8.00% p.a. for homeowners who want to unlock the value in their property. Minimum monthly income requirement is P50,000, and RCBC accepts a broad range of employment types — including private employees, OFWs, seafarers, self-employed professionals, and business owners. Typical approval takes around 49 days, and loan purposes include refinancing, reselling, RFO, pre-selling, and foreclosed properties. For a full breakdown of what documents and eligibility criteria RCBC requires, see our RCBC Housing Loan Requirements 2026 guide.
So how does RCBC compare to the other big banks? BDO, BPI, and Metrobank are the most commonly held home loan banks in the Philippines, but "commonly held" doesn't mean cheapest. Many borrowers with older BDO or BPI loans are sitting on rates of 8.5% to 10% — rates that made sense at the time but are now costing them tens of thousands of pesos every year compared to what's available today. RCBC's 7.00% entry rate is sharper than what most banks are currently advertising, and when you apply through Nook, you're not just getting RCBC — you're getting RCBC compared side-by-side against every other lender Nook works with, so you know you're getting the best deal available to you. Nook's service is 100% free to borrowers. No broker fee. No hidden charges. Just a faster, smarter way to find the right home loan.
If you're already an RCBC borrower thinking about refinancing within the bank, or a borrower at another bank considering a switch to RCBC, Nook can help you model both scenarios in minutes. Our platform handles the paperwork, coordinates with the bank, and keeps you updated throughout the process — all without charging you a centavo. For homeowners specifically looking to reduce monthly repayments, our RCBC refinance guide walks through exactly how the process works and what savings are realistically achievable. Interest rates are subject to change — always verify the latest rates directly with RCBC 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
RCBC's 1-year fixed home loan rate currently starts at 7.00% p.a., with a Home Equity loan rate of 8.00% p.a. These are among the more competitive rates available from a Philippine commercial bank right now. Rates are subject to change, so we recommend verifying the latest figures through Nook or directly with RCBC before applying.
Yes — refinancing is one of RCBC's listed loan purposes, and Nook works directly with RCBC as a verified partner bank. When you apply through Nook, the service is completely free to you as the borrower, and Nook will compare RCBC's offer against other lenders to ensure you're getting the best available rate. Most applicants find out where they stand within a few business days.
RCBC requires a minimum monthly income of P50,000 and accepts borrowers who are privately employed, self-employed, OFWs, seafarers, or working professionals. Their maximum debt-to-income ratio (DTI) is 30%, meaning your total monthly loan obligations — including the new mortgage — should not exceed 30% of your gross monthly income. For a full checklist of required documents, see our RCBC eligibility checklist.
RCBC's typical approval timeline is around 49 days from complete submission of documents. This is broadly in line with other major Philippine banks, though actual timelines can vary depending on the complexity of your application and how quickly documents are submitted. Applying through Nook can help speed things up, as Nook pre-screens your application and ensures your documents are complete before submission.
It depends on your current rate and remaining loan balance — but for many borrowers, the answer is yes. If you're on a rate of 8.5% or higher with BDO, BPI, or another bank, switching to RCBC's 7.00% fixed rate could save you thousands of pesos per month over the remaining life of your loan. Nook can model this comparison for you for free, showing you the exact monthly savings and total interest reduction before you commit to anything.
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