RCBC offers competitive housing loan rates starting at 7.00% p.a. — but if you're an existing borrower, you could refinance to as low as 5.99% p.a. through Nook and save thousands every month.
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Why this matters
RCBC (Rizal Commercial Banking Corporation) is one of the Philippines' leading universal banks and a trusted name in home financing. Their housing loan product covers a wide range of purposes — from purchasing a ready-for-occupancy property or pre-selling unit, to refinancing an existing loan or accessing your home's equity. With a minimum monthly income requirement of P50,000 and approval timelines averaging 49 days, RCBC caters to salaried employees, self-employed professionals, and OFWs alike. Their 1-year fixed rate is currently 7.00% p.a., which is competitive within the Philippine banking landscape. You can explore the full RCBC housing loan requirements and eligibility criteria to see if you qualify.
If you already have a home loan — whether with RCBC or another bank — refinancing could be one of the smartest financial moves you make in 2026. Most Filipino homeowners are still paying rates between 7% and 10% on repriced loans. By switching to a lower rate through Nook, a borrower with a P3,000,000 outstanding balance could reduce their monthly payment significantly and keep more cash in their pocket each month. Nook works with RCBC and other top Philippine banks to find you the best available rate — and the service is completely free to borrowers. To understand how much you could save, check out our RCBC housing loan interest rate calculator and rate comparison tool.
Whether you're a first-time applicant or a current homeowner exploring your options, it pays to compare. Nook's digital mortgage broker platform lets you submit one application and receive offers from multiple lenders, saving you time and removing the guesswork. Interest rates are subject to change — we recommend verifying current rates directly with RCBC or through Nook before making any financial decisions.
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 housing loan rate is 7.00% p.a., with a Home Equity rate of 8.00% p.a. These rates are among the more competitive options available from Philippine universal banks. Note that rates are subject to change, so always verify the latest figures with RCBC or through a licensed broker like Nook.
RCBC accepts applications from salaried employees in the private sector, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is P50,000, and the maximum debt-to-income ratio allowed is 30%. Eligible loan purposes include purchase of RFO and pre-selling properties, refinancing, reselling, foreclosed properties, and home equity loans.
RCBC's typical approval timeline is around 49 days from the time complete documents are submitted. Processing time can vary depending on the completeness of your requirements and the loan purpose. Applying through Nook can help streamline the process since our team reviews your documents before submission.
Yes — if you have an existing housing loan with another bank, you can refinance to RCBC through Nook at no cost to you. Nook is a free digital mortgage broker that matches borrowers with the best available rates across multiple partner banks, including RCBC. You can learn more about the process on our RCBC refinancing page.
Standard requirements include a valid government-issued ID, proof of income (payslips, ITR, or business documents depending on employment type), a filled-out application form, and property documents such as the Transfer Certificate of Title (TCT) and tax declaration. For a detailed checklist, visit our RCBC housing loan requirements and application guide. Nook's team can also assist you in preparing your documents before submission.
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