RCBC offers a 7.00% p.a. 1-year fixed rate — and through Nook, you can access rates as low as 5.99% p.a. across multiple partner banks, completely free.
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Why this matters
RCBC is one of the Philippines' most active home loan lenders and a strong option if you're looking to refinance. Their 1-year fixed rate of 7.00% p.a. is competitive against many legacy bank portfolios — particularly for homeowners currently locked into rates of 9% or higher from loans taken out 3 to 5 years ago. RCBC accepts applications from a wide range of borrowers including private employees, OFWs, seafarers, self-employed professionals, and business owners, with a minimum qualifying income of P50,000 per month. Typical approval takes around 49 days, and loan purposes covered include refinancing, home equity, RFO, pre-selling, and reselling. You can review the full RCBC housing loan requirements and eligibility criteria before you apply.
Refinancing with RCBC means moving your outstanding loan balance to a new loan structure with a lower interest rate, ideally reducing your monthly amortisation and freeing up cash each month. The process involves submitting your existing loan documents, latest income proof, and property papers — after which RCBC will appraise your property and issue a formal loan offer. For a detailed breakdown of what to prepare, see our RCBC housing loan requirements and application guide. Most borrowers refinancing from a 9% rate to RCBC's 7.00% on a P3,000,000 balance can expect to save tens of thousands of pesos per year.
That said, RCBC is just one option — and the smartest move is to compare across all available banks before committing. Nook is the Philippines' first digital mortgage broker and works with RCBC alongside more than a dozen other lenders. We handle the comparison, paperwork coordination, and follow-up on your behalf at absolutely no cost to you. Whether RCBC turns out to be your best match or another bank beats their rate, Nook ensures you lock in the lowest rate available for your profile. Interest rates are subject to change; always verify current figures directly with the bank or through a Nook advisor 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 home loan refinancing. They also offer a Home Equity rate of 8.00% p.a. for borrowers looking to unlock equity from their property. Note that rates are subject to change, so confirm the latest figures with RCBC or through Nook before applying.
Yes — RCBC accepts applications from OFWs, seafarers, self-employed individuals, and professionals, in addition to private employees. You'll need to show a minimum monthly income of P50,000 and meet their standard documentation requirements. Nook can help you assess your eligibility and prepare the right documents for your employment type.
RCBC's typical approval timeline is around 49 days from complete document submission. This includes property appraisal, credit evaluation, and loan documentation processing. Submitting a complete and accurate application upfront is the best way to avoid delays.
Applying through Nook gives you access to RCBC's rates plus the rates of all other partner banks simultaneously — so you can confirm you're getting the best deal available, not just what one bank offers. Nook's service is 100% free to borrowers, so there's no downside to letting us compare on your behalf. You still get RCBC if they're the best fit; you just won't miss a better offer elsewhere.
You'll typically need a valid government-issued ID, proof of income (payslips, ITR, or audited financials), your existing loan statement of account, Transfer Certificate of Title, tax declaration, and property insurance documents. The exact list may vary based on your employment type and loan purpose. For a full checklist, visit our detailed RCBC housing loan requirements guide.
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