Planning to take out or refinance a home loan with RCBC? Use Nook's free RCBC housing loan calculator to estimate your monthly amortization based on your loan amount, interest rate, and preferred term. RCBC (Rizal Commercial Banking Corporation) is one of the Philippines' leading home loan providers, offering a 1-year fixed rate of 7.00% p.a. — and if you're an existing homeowner, you may qualify to refinance at even more competitive terms through Nook.
Whether you're a first-time borrower, an OFW, or a homeowner looking to lower your current monthly payments, this page breaks down everything you need to know about RCBC housing loan rates, how to calculate your amortization, and how Nook can help you find the best deal — completely free of charge. Note that interest rates are subject to change; always verify the latest rates before making a financial decision.
A housing loan calculator uses three inputs to estimate your monthly amortization: your loan amount, the annual interest rate, and the loan term in years. It applies a standard amortization formula to spread your principal and interest into equal monthly payments over the life of the loan.
For RCBC, you'd input their current 1-year fixed rate of 7.00% p.a. alongside your desired loan amount and term (typically 15 to 25 years). The result gives you your estimated monthly payment for the fixed-rate period. Keep in mind that after the fixed period ends, your rate will reprice based on prevailing market rates — so it's important to plan ahead and compare options regularly.
Nook's calculator also lets you compare RCBC's rate against the best available refinance rate of 5.99% p.a., so you can see exactly how much you could save by switching.
RCBC currently offers the following housing loan rates through Nook:
- 1-Year Fixed Rate: 7.00% p.a.
- Home Equity Rate: 8.00% p.a.
These rates are available for a range of loan purposes including refinancing, reselling, ready-for-occupancy (RFO) properties, pre-selling projects, foreclosed properties, and home equity loans. RCBC is a Nook partner bank, which means you can apply through Nook at no cost and benefit from streamlined processing.
For a side-by-side comparison of RCBC against other major lenders, see our RCBC vs BDO home loan rates comparison or the RCBC vs Metrobank refinance rates comparison.
Rates are subject to change. Please verify the latest rates with RCBC or through Nook before applying.
Below are estimated monthly amortizations based on RCBC's 1-year fixed rate of 7.00% p.a. These figures are for illustration purposes only and do not include other fees such as insurance or processing charges.
| Loan Amount | 15-Year Term | 20-Year Term | 25-Year Term |
|---|---|---|---|
| 1,500,000 | 13,481 | 11,628 | 10,597 |
| 3,000,000 | 26,962 | 23,256 | 21,194 |
| 5,000,000 | 44,937 | 38,760 | 35,323 |
| 7,500,000 | 67,405 | 58,140 | 52,985 |
| 10,000,000 | 89,873 | 77,520 | 70,647 |
Compare these to what you'd pay at Nook's best available refinance rate of 5.99% p.a. — the difference can amount to hundreds of thousands of pesos in interest savings over the life of the loan.
RCBC has accessible eligibility requirements, making it a strong option for a wide range of Filipino borrowers. To qualify, you generally need to meet the following criteria:
- Minimum Monthly Income: 50,000
- Employment Types Accepted: Privately employed, OFW/Seafarer, Self-Employed, and Licensed Professionals
- Maximum Debt-to-Income (DTI) Ratio: 30%
- Citizenship: Filipino citizens and certain foreign nationals with eligible properties
The 30% DTI cap means that your total monthly debt obligations — including the new housing loan payment — should not exceed 30% of your gross monthly income. For example, if your monthly income is 100,000, your total monthly debt payments (including the new loan) must not exceed 30,000.
RCBC's typical loan approval timeline is 49 days from submission of complete documents. This includes credit evaluation, property appraisal, and final loan offer issuance. The actual timeline may vary depending on the completeness of your documents and the complexity of your application.
When you apply through Nook, our team helps you prepare and organize your documents upfront, which can significantly reduce delays and back-and-forth with the bank. Nook's broker service is completely free — the bank pays us, not you.
RCBC applies a maximum Debt-to-Income (DTI) ratio of 30%. This means the sum of all your monthly debt obligations — including the proposed housing loan amortization — must not exceed 30% of your gross monthly income.
Here's a quick guide to how much home loan you might qualify for based on your income:
- Monthly income of 50,000: Max monthly debt = 15,000
- Monthly income of 80,000: Max monthly debt = 24,000
- Monthly income of 150,000: Max monthly debt = 45,000
- Monthly income of 300,000: Max monthly debt = 90,000
If you have existing loan obligations (car loan, credit card debt, other mortgages), these will reduce how much additional debt capacity you have available for a housing loan. Nook's team can help you assess your DTI and identify the best bank match for your financial profile.
Yes — RCBC explicitly accepts OFW and seafarer applicants for housing loans. This makes RCBC a strong choice for Filipinos working abroad who want to invest in property back home, whether for their family's use or as an investment.
OFW applicants typically need to provide additional documentation such as proof of employment abroad, a Special Power of Attorney (SPA) authorizing a local representative, and overseas income verification. Nook's team is experienced in handling OFW applications and can guide you through the process remotely.
RCBC also accepts applications for several loan purposes relevant to OFWs, including ready-for-occupancy (RFO) units, pre-selling condos or house-and-lot, and refinancing of existing home loans.
Refinancing to RCBC could be a smart move if your current home loan is priced at 8% or higher. Many Filipino homeowners are still paying rates between 8% and 10% on loans taken out several years ago — and refinancing could significantly reduce their monthly payments and total interest paid.
For example, if you have a 5,000,000 loan with 20 years remaining at 9.00% p.a., your current monthly payment is approximately 44,986. Refinancing to RCBC at 7.00% p.a. would bring that down to approximately 38,760 — a monthly saving of around 6,226, or roughly 74,712 per year.
However, whether refinancing makes sense depends on your remaining loan term, any penalties from your current bank, and the total cost of switching. Nook's free refinancing service helps you model these scenarios and compare offers from multiple banks — including RCBC — so you can make a fully informed decision. You can also read our detailed BPI vs RCBC home loan takeout rates comparison to see how RCBC stacks up against another major lender.
Nook is the Philippines' first digital mortgage broker, and RCBC is one of our partner banks. Here's what that means for you:
- Free service: Nook's broker service costs you nothing. Banks pay us a referral fee — you pay zero broker fees.
- One application, multiple options: Nook submits your profile to multiple partner banks simultaneously, so you can compare RCBC's offer against other lenders and choose the best deal.
- Expert guidance: Our mortgage specialists help you assess your eligibility, prepare documents, and navigate the application process from start to finish.
- Access to the best rates: Through Nook, borrowers can access the best available refinance rate of 5.99% p.a. — which may be lower than going directly to any single bank.
- No commitment required: You can get a full loan comparison and indicative offers before deciding to proceed.
Whether you're buying a new property or refinancing an existing one, Nook makes the process faster, simpler, and more transparent.
Applying through Nook is straightforward and fully digital. Here's how it works:
- Submit your details: Fill in Nook's online form with your basic information — loan amount, property type, income, and employment status. It takes about 5 minutes.
- Get matched: Nook's system matches your profile to eligible partner banks, including RCBC, and shows you indicative rates and monthly payments.
- Prepare your documents: Nook provides a tailored checklist and helps you organize your requirements for submission.
- Submit to RCBC (and other banks): Nook submits your application to RCBC and any other banks you choose to compare.
- Receive and compare offers: Once bank offers come in, Nook presents them side by side so you can make an informed choice.
- Close your loan: Nook supports you through signing, notarization, and loan release.
The entire process is free for borrowers. RCBC's typical approval timeline is 49 days, and Nook's team works to keep things moving efficiently at every step. See how RCBC compares to PNB if you'd like to explore more options before deciding.