RCBC offers competitive home loan rates starting at 7.00% p.a. — but if you're already paying more, refinancing through Nook could save you thousands every month.
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Why this matters
RCBC (Rizal Commercial Banking Corporation) is one of the Philippines' most established home lending institutions and a Nook partner bank. Their house loan product covers a wide range of purposes — from purchasing ready-for-occupancy and pre-selling properties to refinancing an existing loan, home equity takeout, and even foreclosed properties. With a 1-year fixed rate of 7.00% p.a. and a home equity rate of 8.00% p.a., RCBC is competitive among major Philippine banks. Eligibility is open to salaried employees in the private sector, OFWs and seafarers, self-employed individuals, and professionals — with a minimum monthly income requirement of 50,000. Typical loan approval takes around 49 days, and RCBC caps the debt-to-income ratio at 30%, so your monthly obligations must stay within a manageable portion of your income. For a complete breakdown of what you'll need to apply, see our RCBC housing loan requirements guide.
If you already have an RCBC home loan — or a loan with any other bank — it's worth checking whether you can refinance to a lower rate. Many Filipino homeowners locked in rates of 8% to 10% or higher several years ago and haven't revisited their options since. On a 3,000,000 loan balance with a 20-year remaining term, moving from 8.50% to 5.99% through Nook could reduce your monthly payment by over 3,000 and save you more than 550,000 over the life of the loan. That's money that stays in your pocket — not the bank's. Nook's service is completely free for borrowers; we're compensated by the banks, never by you.
Applying through Nook means you're not limited to a single bank's offer. We compare RCBC against BDO, BPI, Metrobank, Security Bank, and other partner lenders to find the best rate for your specific profile. Our digital process is fully online — no branch visits, no fixer fees, no guesswork. Whether you're a first-time applicant or looking to refinance an existing mortgage, Nook handles the legwork and guides you step by step from document submission to loan release. Interest rates are subject to change; always verify current rates with RCBC or through Nook 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 are among the more competitive rates available from a major Philippine commercial bank. Rates are subject to change, so we recommend confirming the latest figures directly with RCBC or through Nook before applying.
RCBC accepts applications from private-sector employees, OFWs and seafarers, self-employed individuals, and licensed professionals. You'll need a minimum monthly income of 50,000 and your total monthly debt obligations must not exceed 30% of your gross income. Filipino citizens and qualified foreign nationals purchasing property in the Philippines may apply.
RCBC's typical approval timeline is around 49 days from complete submission of documents. Processing times can vary depending on the loan purpose, property type, and completeness of your application. Submitting a complete document package from day one is the best way to avoid delays.
Yes — refinancing is one of RCBC's supported loan purposes, and Nook can facilitate this process for free. If you're currently paying a rate above 7%, refinancing to RCBC's 7.00% fixed rate (or potentially lower through Nook's best available rate of 5.99%) could meaningfully reduce your monthly payment. Nook will compare RCBC's offer against other partner banks to find the best deal for your situation.
Yes, completely free. Nook earns a referral fee from the bank when your loan is successfully processed — you pay nothing extra, and your loan terms are not affected. You get access to multiple bank offers, expert guidance, and a fully digital application process at zero cost to you.
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