Estimate your monthly amortization in seconds — then see if you could be paying thousands less by refinancing through Nook at 5.99% p.a.
YOUR POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
RCBC is one of the Philippines' most competitive banks for housing loans, offering a 1-year fixed rate of 7.00% p.a. — making it a popular choice for homebuyers and those looking to refinance. If you're trying to figure out your monthly amortization, the calculation depends on three things: your loan amount, your interest rate, and your remaining loan term. For a ₱3,000,000 loan at 7.00% over 20 years, you're looking at roughly ₱23,259 per month. That's a manageable figure, but it's worth knowing whether a better rate exists — especially if your current loan is already a few years old and you haven't re-priced recently. You can also check out the RCBC housing loan requirements to understand what documents and qualifications you'll need before applying.
Nook works with RCBC as a partner bank and can help you apply for an RCBC housing loan or refinance your existing home loan — completely free of charge. As a digital mortgage broker, Nook submits your application to multiple banks simultaneously, so you're not locked into one offer. If RCBC's 7.00% rate is the best fit for your situation, great. But if another partner bank can offer you something lower, you'll know before you commit. For a side-by-side breakdown, see how RCBC compares to BDO for refinancing to make a more informed decision.
RCBC accepts applications from a wide range of borrowers — including private employees, OFWs, seafarers, self-employed individuals, and licensed professionals — with a minimum monthly income requirement of ₱50,000. Typical approval takes around 49 days, and the bank supports multiple loan purposes including refinancing, home equity, resale properties, pre-selling units, and foreclosed assets. Whether you're calculating your first housing loan or figuring out if a refinance makes financial sense, Nook can guide you through the numbers with zero broker fees. Note: interest rates are subject to change — always verify current rates directly with the bank or through Nook before making a decision.
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
Your monthly amortization is calculated based on three variables: your loan amount, the applicable interest rate, and your loan term in months. For a ₱3,000,000 loan at RCBC's 7.00% fixed rate over 20 years, the estimated monthly payment is around ₱23,259. Keep in mind that after the fixed period ends, your rate will reprice — so your payment may change.
RCBC currently offers a 1-year fixed rate of 7.00% p.a. for housing loans, with a home equity rate of 8.00% p.a. These are among the more competitive rates available from Philippine banks. Interest rates are subject to change, so it's best to confirm the latest figures with RCBC directly or through Nook before applying.
Yes — RCBC accepts refinancing applications, allowing you to transfer your existing home loan from another bank and potentially lock in a lower rate. This is called a loan takeout or bank-to-bank refinance, and it's one of the most common ways Filipino homeowners reduce their monthly payments. Nook can manage this process for you at no cost, and you can compare how the rates stack up in our BPI vs RCBC home loan takeout rates comparison.
RCBC requires a minimum monthly income of ₱50,000 and applies a maximum debt-to-income (DTI) ratio of 30%, meaning your total monthly loan obligations — including the new housing loan — should not exceed 30% of your gross monthly income. RCBC accepts borrowers from various employment categories including private employees, OFWs, seafarers, self-employed individuals, and licensed professionals.
RCBC's typical approval timeline is around 49 days from the submission of a complete application. The actual timeline can vary depending on the complexity of your documents and the loan purpose. Applying through Nook can help streamline the process — Nook's team reviews your documents before submission to reduce the chance of delays caused by incomplete requirements.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →