RCBC offers a 1-year fixed rate of 7.00% p.a. — but Nook can help you compare it against the best available rates in the market, potentially saving you thousands every month. Free, no-obligation, 100% online.
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Why this matters
RCBC is one of the Philippines' established universal banks and a Nook partner bank, offering competitive housing loan products for both new purchases and refinancing. Their 1-year fixed rate of 7.00% p.a. is available to qualified borrowers with a minimum monthly income of ₱50,000, and their loans cover a wide range of purposes — from ready-for-occupancy (RFO) and pre-selling units to home equity and refinancing. With a typical approval timeline of around 49 days, RCBC is a solid option for homebuyers and homeowners looking to optimise their mortgage. You can explore the full details in our RCBC housing loan rates and requirements guide.
If you're already an RCBC borrower whose fixed-rate period has expired, there's a strong chance your interest rate has repriced upward — many Filipino homeowners find themselves paying between 8% and 10% after their initial lock-in ends. Refinancing your loan, whether back with RCBC or with a competing bank, could significantly reduce your monthly payment. Nook's free broker service compares rates across all major Philippine banks simultaneously, so you see the full picture without filling out multiple applications. If you're specifically considering moving away from your current lender, our guide on RCBC home loan refinancing walks you through what to expect.
The numbers can be striking. On a ₱3,000,000 loan with 20 years remaining, even a modest rate reduction can translate to tens of thousands of pesos in annual savings. Nook's best available refinance rate is currently 5.99% p.a., and qualifying borrowers who refinance from a higher rate could save significantly over the life of their loan. Because Nook is 100% free to borrowers — we earn from the banks, not from you — there's no cost to finding out how much you could save. Please note that interest rates are subject to change; always verify current rates at the time of application.
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 housing loans, and an 8.00% p.a. rate for home equity loans. These rates are for qualified borrowers and are subject to change, so we recommend verifying the latest rates directly with RCBC or through Nook's free comparison tool at the time you apply.
RCBC requires a minimum monthly income of ₱50,000 and accepts borrowers from a wide range of employment types, including private employees, OFWs and seafarers, self-employed individuals, and professionals. Your debt-to-income ratio must not exceed 30%, meaning your total monthly loan obligations — including the new housing loan — should be no more than 30% of your gross monthly income.
RCBC's typical loan approval timeline is around 49 days from submission of complete documents. Processing times can vary depending on the completeness of your application, the property type, and current bank volumes. Applying through Nook can help streamline the process, as our team assists with document preparation and follows up with the bank on your behalf.
If your RCBC loan has already gone past its initial fixed-rate period and repriced to a higher rate, refinancing could make strong financial sense. Nook compares RCBC's rates against those of all other major Philippine banks — including BDO, BPI, Metrobank, Security Bank, and others — so you can see whether staying with RCBC or switching lenders gives you the better deal. Our service is completely free to you as the borrower.
Nook is the Philippines' first digital mortgage broker, and our service costs nothing to the borrower — we are compensated by the banks when a loan is successfully processed. You simply submit your details once through Nook's platform, and we compare offers from multiple partner banks to find your lowest available rate. There's no obligation to proceed, and applying through Nook does not affect your credit standing.
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