RCBC offers competitive home loan rates starting at 7.00% p.a. (1-year fixed) — but if you're on an older loan, you could be paying far more. Refinancing through Nook is 100% free and could save you thousands every month.
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Why this matters
RCBC is one of the Philippines' most active home lending banks, offering fixed-rate periods of 1, 2, 3, 5, and 10 years. For 2026, their 1-year fixed rate stands at 7.00% p.a. — one of the more competitive entry rates among major Philippine banks. Their home equity product is available at 8.00% p.a., making it a flexible option for homeowners who want to unlock the value of their property. RCBC accepts borrowers across a wide range of employment types including private employees, 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. Note that interest rates are subject to change — always verify the latest rates directly with RCBC or through Nook before applying.
Many Filipino homeowners who took out their home loan three to five years ago are still locked into rates of 8% to 10% or higher. As those fixed periods roll over, your rate resets — and if you haven't shopped around, you may be paying well above today's market. Refinancing means taking out a new loan at a lower rate to pay off your existing one, reducing your monthly amortization and freeing up cash for other priorities. You can refinance your existing RCBC loan to a better rate, or refinance a loan from another bank — such as BDO or BPI — into RCBC if their current offer is more competitive. To understand the full requirements for moving your loan to RCBC, see our RCBC Housing Loan Requirements 2026: Documents, Eligibility & How to Apply guide.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We work with RCBC and other leading banks to find you the lowest available rate based on your loan amount, property type, and financial profile. Instead of walking into each bank separately and submitting documents multiple times, Nook does the comparison and coordination for you — all in one place. If you're considering an RCBC housing loan refinance, Nook can help you determine whether RCBC's current rates represent the best deal available, or whether another lender in our panel could offer you something better. The best refinance rate currently available through Nook across all partner banks is 5.99% p.a.
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 1-year fixed home loan rate for 2026 is 7.00% p.a., while their home equity product is available at 8.00% p.a. These rates are among the more competitive offerings in the Philippine market, though they are subject to change — it's always best to confirm the latest rates with RCBC directly or through a broker like Nook before you commit.
Yes, RCBC accepts refinancing applications for existing home loans held with other banks. You'll need to meet their standard eligibility criteria, including a minimum monthly income of P50,000 and an acceptable debt-to-income ratio of no more than 30%. Applying through Nook is free and allows you to compare RCBC's offer against other lenders before deciding.
RCBC's typical loan approval timeline is around 49 days from complete document submission. This timeline can vary depending on the complexity of your application, the completeness of your documents, and current processing volumes at the bank. Nook helps borrowers prepare complete application packages, which can help avoid unnecessary delays.
RCBC accepts home loan applications from private employees, OFWs and seafarers, self-employed individuals, and licensed professionals such as doctors and lawyers. This broad eligibility makes RCBC a good option for a wide range of Filipino borrowers, including those who may be turned away by banks with stricter employment requirements.
It depends on how much of your loan term remains and the fees involved in refinancing. If the best available rate through Nook is 5.99% p.a. and you have a significant loan balance and many years remaining, even a 1% reduction can translate into hundreds of thousands of pesos in total interest savings. Nook can run a personalised calculation for you at no cost to help you decide.
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