RCBC offers competitive home loan rates starting at 7.00% p.a. (1-year fixed) — but Nook can help you compare RCBC against multiple banks to find your lowest possible rate, for free.
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Why this matters
RCBC (Rizal Commercial Banking Corporation) is one of the Philippines' most established home loan lenders, offering a 1-year fixed rate of 7.00% p.a. and a home equity rate of 8.00% p.a. These are genuinely competitive rates — but what many homeowners don't realise is that the rate you were approved for 3, 5, or 10 years ago could be significantly higher than what's available today. If you're paying 8.5% or more on your existing home loan, you may be leaving thousands of pesos on the table every single month. Use the savings estimate above to see what a lower rate could mean for your budget.
Applying for an RCBC home loan directly is straightforward if you meet the requirements: a minimum monthly income of ₱50,000, a maximum debt-to-income ratio of 30%, and eligibility across employment types including private employees, OFWs, seafarers, self-employed individuals, and professionals. RCBC also accepts a wide range of loan purposes — from refinancing and reselling to foreclosed properties, pre-selling, RFO, and home equity. For a full breakdown of what documents and qualifications you'll need, see our RCBC Housing Loan Requirements 2026 guide.
Here's where Nook adds real value: instead of applying to RCBC alone and hoping for the best, Nook submits your profile to multiple partner banks simultaneously — including RCBC — and surfaces the best rate you actually qualify for. The service costs you nothing. Nook is compensated by the bank, not the borrower. If you're already with RCBC and want to explore whether refinancing could lower your payments, our RCBC refinance guide walks you through exactly how the process works. With typical approval in around 49 days, RCBC is one of the faster lenders in the market — and through Nook, you can track your application every step of the way.
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 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. These rates are subject to change, so we recommend verifying the latest rates directly with RCBC or through Nook, which always displays up-to-date partner bank rates.
Your monthly amortization depends on your loan amount, interest rate, and loan term. For example, a 3,000,000 loan at 7.00% p.a. over 20 years works out to approximately 23,259 per month. Use Nook's calculator above to model your own scenario — just adjust the loan amount and term to match your situation.
RCBC accepts applicants who are private employees, OFWs, seafarers, self-employed individuals, or licensed professionals, with a minimum monthly income of 50,000 and a debt-to-income ratio not exceeding 30%. RCBC is one of the more flexible lenders in terms of eligible loan purposes, covering refinancing, reselling, foreclosed properties, pre-selling, and RFO units. See our full RCBC eligibility checklist for the complete list of requirements.
Yes — RCBC accepts refinancing as a loan purpose, which means you can switch your existing mortgage from another bank to RCBC if their rate is more competitive. Through Nook, your profile is compared across multiple banks at once, so you'll know whether RCBC or another lender offers you the best refinance rate before you commit to anything.
Yes, Nook's service is completely free for borrowers. Nook is a licensed mortgage broker compensated directly by the bank, so there are no broker fees, no hidden charges, and no obligation to proceed if you don't like the rate you're offered. You get expert guidance and multi-bank comparison at zero cost to you.
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