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 far more. Refinancing through Nook could save you over 58,000 pesos every year.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
RCBC (Rizal Commercial Banking Corporation) is one of the Philippines' most competitive home loan providers, offering a 1-year fixed rate of 7.00% p.a. and a home equity rate of 8.00% p.a. for qualified borrowers. RCBC accepts a wide range of employment types — including private employees, OFWs and seafarers, self-employed professionals, and business owners — with a minimum monthly income requirement of 50,000 pesos. Typical loan approval takes around 49 days, and RCBC supports loan purposes ranging from refinancing and reselling to home equity, pre-selling, foreclosed, and ready-for-occupancy (RFO) properties. If you want to understand exactly what documents and eligibility criteria apply, the RCBC Housing Loan Requirements 2026 guide covers everything in detail.
Here's what many RCBC borrowers don't realise: the rate you signed up with at loan origination is not the rate you'll pay forever. Philippine home loans are typically repriced every 1, 3, or 5 years — and if you haven't reviewed your loan lately, there's a strong chance you're now paying a rate well above 8% or even 9%. Refinancing resets your interest rate to today's most competitive levels. On a 3,000,000-peso loan with 20 years remaining, dropping from 9.50% to 5.99% translates to a monthly saving of over 4,850 pesos — that's more than 873,000 pesos over the life of the loan.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We work directly with RCBC and a panel of leading Philippine banks to find you the best available refinance rate — handling the paperwork, comparisons, and lender negotiations on your behalf. Whether you're currently with RCBC or another bank, Nook can help you refinance smarter. Check the full RCBC eligibility checklist to see if you qualify, then let Nook do the heavy lifting. Interest rates are subject to change; we recommend verifying current rates 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
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 available to qualified borrowers applying through accredited channels, including Nook. Rates are subject to change, so it's best to confirm the latest figures before submitting your application.
RCBC accepts applications from private employees, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is 50,000 pesos, and a maximum debt-to-income (DTI) ratio of 30% applies. RCBC supports multiple loan purposes including refinancing, reselling, home equity, pre-selling, foreclosed properties, and ready-for-occupancy units.
RCBC's typical loan approval timeline is around 49 days from submission of complete documents. This can vary depending on the complexity of your application and how quickly you provide the required paperwork. Applying through Nook helps streamline the process since our team ensures your documents are complete and correctly submitted from the start.
Yes — refinancing is one of RCBC's supported loan purposes, and Nook can facilitate your application at no cost to you. Whether you're currently with RCBC or another bank such as BDO, BPI, or Metrobank, Nook will compare available rates across its partner banks to find you the best deal. Our broker service is 100% free for borrowers.
Your savings depend on your current interest rate, remaining loan balance, and the new rate you qualify for. As an example, on a 3,000,000-peso loan with 20 years remaining, refinancing from 9.50% down to 5.99% saves approximately 4,850 pesos per month — or over 873,000 pesos across the full loan term. Use Nook's free calculator to get a personalised estimate based on your actual loan details.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →