RCBC offers a 1-year fixed rate starting at 7.00% p.a. — but if you're on an older loan repriced above that, refinancing through Nook could drop your rate to as low as 5.99% p.a. and save you thousands every month.
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Why this matters
RCBC (Rizal Commercial Banking Corporation) is one of the Philippines' most active home loan lenders, offering fixed-rate periods of 1 year at 7.00% p.a. and a Home Equity rate of 8.00% p.a. These are competitive rates for the Philippine market — but homeowners who took out loans three to five years ago may be paying significantly more once their fixed period expired and their loan was repriced. If your current rate is sitting anywhere between 8% and 10%, it's worth finding out whether you can do better. Check the RCBC housing loan refinance guide to understand how the repricing and refinancing process works.
Through Nook, you can compare RCBC's current home loan rates side by side with other partner banks — all in one place, with zero broker fees. Nook's service is completely free to borrowers, and their team handles the paperwork coordination, bank communication, and application tracking on your behalf. The typical approval timeline for RCBC through Nook is around 49 days, with a minimum qualifying income of ₱50,000 per month and a maximum debt-to-income ratio of 30%. RCBC accepts applications from employed professionals, OFWs and seafarers, self-employed individuals, and those in private practice.
Whether you're refinancing an existing home loan, unlocking equity from your property, or purchasing a resale or ready-for-occupancy unit, RCBC supports a wide range of loan purposes. Before you apply, it helps to review the RCBC housing loan eligibility checklist for 2026 so you know exactly what documents and qualifications you'll need. Interest rates are subject to change — always verify the latest rates directly with the bank or through a Nook mortgage advisor before making a financial 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 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 it's best to confirm the latest figures with RCBC directly or through a Nook mortgage advisor before applying.
Yes — RCBC accepts refinancing applications, and Nook can manage the entire process on your behalf at no cost to you. Refinancing makes the most sense if your current rate is 1% or more above what RCBC or another Nook partner bank is offering today, which could translate to tens of thousands of pesos in savings over your remaining loan term.
RCBC requires a minimum monthly income of ₱50,000 for home loan applicants. This applies to employees, self-employed professionals, and OFWs or seafarers. Your total monthly debt obligations — including the proposed mortgage — must not exceed 30% of your gross monthly income.
The typical approval timeline for an RCBC home loan processed through Nook is approximately 49 days from complete document submission. Delays usually occur when documents are incomplete, so Nook's team will help you prepare and verify your requirements before submission to keep the process on track.
Yes, Nook's service is 100% free to borrowers. Nook earns a referral fee from the bank once your loan is approved, so there is no charge to you at any point in the process — no consultation fee, no success fee, and no hidden costs. You get full broker support without paying for it.
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