RCBC offers a 1-year fixed rate of 7.00% p.a. — but if you're on an older rate, you could refinance to as low as 5.99% p.a. and save 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 competitive fixed-rate packages for purchase, refinancing, home equity, and pre-selling properties. For 2026, RCBC's published 1-year fixed rate stands at 7.00% p.a., with a Home Equity rate of 8.00% p.a. These rates apply to salaried employees in the private sector, OFWs and seafarers, self-employed individuals, and licensed professionals — with a minimum monthly income requirement of P50,000. Typical loan approval takes around 49 days, and RCBC caps debt-to-income ratio at 30%. If you're considering a new RCBC home loan, you can review their full eligibility requirements and document checklist for 2026 before you apply.
However, many Filipino homeowners who took out their RCBC mortgage two, three, or more years ago are still paying rates of 8.5% to 10% or higher — often without realizing they have the option to refinance. Refinancing means replacing your existing loan with a new one at a lower rate, either with RCBC or through another lender. On a P3,000,000 balance with 20 years remaining, dropping from 8.50% to 5.99% can reduce your monthly amortization by over P3,000 and save you more than P500,000 over the life of the loan. That's money that stays in your pocket — not your bank's. If you're already an RCBC borrower wondering whether to switch or stay, our RCBC refinancing guide walks you through exactly how the process works.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We compare RCBC alongside BPI, BDO, Security Bank, Metrobank, and other leading lenders to find you the lowest rate you qualify for — with no bias and no hidden fees. Whether you're buying a new home or refinancing an existing one, Nook handles the paperwork, follows up with the banks, and guides you through every step. Please note that all interest rates shown are indicative and subject to change — always verify current rates directly with your lender or through Nook 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's current 1-year fixed rate for home loans is 7.00% p.a. as of 2026, while their Home Equity product is priced at 8.00% p.a. These rates are subject to change and may vary based on your loan amount, term, and credit profile — so it's worth checking with RCBC directly or applying through Nook to see the best rate you personally qualify for.
RCBC accepts applications from private sector employees, OFWs and seafarers, self-employed individuals, and licensed professionals with a minimum monthly income of P50,000. The bank applies a maximum debt-to-income ratio of 30%, meaning your total monthly loan obligations — including the new mortgage — should not exceed 30% of your gross monthly income. You can find the full list of required documents in the RCBC housing loan requirements guide.
RCBC's typical loan approval timeline is around 49 days from the time a complete application is submitted. Delays can occur if documents are incomplete or if there are issues with the property's title or appraisal. Applying through Nook can help speed things up since our team pre-checks your documents and coordinates directly with the bank on your behalf.
Yes to both. RCBC accepts refinancing applications from borrowers with loans at other banks, and you can also refinance an existing RCBC loan to a competing lender if another bank offers a lower rate. The goal is simply to reduce your interest cost and lower your monthly payment. Nook compares both options — refinancing to RCBC or away from it — so you always get the best deal available.
Yes — Nook's service is 100% free to borrowers. Nook earns a commission from the bank when your loan is successfully approved, which means you get full professional support — rate comparison, document preparation, and bank follow-ups — at zero cost to you. There are no hidden fees, and you are never charged for using the platform.
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