RCBC offers a 1-year fixed rate starting at 7.00% p.a. — but if you're on an older repriced rate, you could be paying significantly more. Nook can help you refinance for as low as 5.99% p.a., completely free of charge.
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Why this matters
RCBC (Rizal Commercial Banking Corporation) is one of the Philippines' leading universal banks and a Nook partner bank, offering home loans with a 1-year fixed rate of 7.00% p.a. and a home equity rate of 8.00% p.a. These rates are competitive for new borrowers, but many existing homeowners find themselves paying well above these levels after their fixed period ends and their loan reprices to a higher variable rate. If your loan has already repriced once or twice, there's a good chance refinancing could unlock meaningful savings — even if you originally borrowed with RCBC.
Refinancing with or away from RCBC works by taking out a new home loan to pay off your existing one, ideally at a lower interest rate. Through Nook, you can compare RCBC's current rates alongside other partner banks and find the best deal for your specific situation — whether you're refinancing a ₱2,000,000 condo or a ₱6,000,000 house and lot. RCBC accepts refinancing applications from private employees, self-employed professionals, and OFW/seafarers, with a minimum monthly income requirement of ₱50,000 and a maximum debt-to-income ratio of 30%. Typical approval takes around 49 days. If you want to make sure you meet the eligibility criteria before applying, check out RCBC housing loan requirements for 2026 for a full breakdown.
The good news is that applying through Nook is 100% free — no broker fees, no hidden charges. Nook's mortgage specialists handle the paperwork, coordinate with the bank, and guide you through every step of the process. Rates are subject to change, so it's worth locking in a competitive rate sooner rather than later. Use our calculator above to estimate your potential savings, then submit your details and a Nook advisor will reach out to walk you through your options.
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 for new loan applications and are subject to change — we recommend verifying the latest rates directly with RCBC or through a Nook advisor before applying.
Yes. RCBC accepts refinancing applications for existing home loans, and you can apply through Nook at no cost. Nook will compare RCBC's refinance rate against other partner banks to make sure you're getting the most competitive deal available for your loan amount and profile.
RCBC home loans are open to private employees, self-employed individuals, professionals, and OFW/seafarers. You'll need a minimum monthly income of ₱50,000 and a total debt-to-income ratio of no more than 30%. For a complete checklist of documents and eligibility requirements, see our guide on RCBC housing loan requirements and how to apply.
RCBC's typical approval timeline is around 49 days from submission of a complete application. Applying through Nook can help streamline the process — Nook's team reviews your documents before submission to reduce the chance of delays or requests for additional information.
No — Nook's service is completely free for borrowers. Nook earns a referral fee from the bank upon successful loan disbursement, so you get expert mortgage guidance and rate comparison at zero cost to you. There are no hidden charges at any stage of the process.
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