RCBC offers competitive housing loan rates starting at 7.00% p.a. (1-Year Fixed) — but if you've had your loan for a few years, you could be paying far more. Refinancing through Nook could save you over 4,800 pesos every month.
YOUR POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
RCBC (Rizal Commercial Banking Corporation) is one of the Philippines' most established housing loan providers, offering fixed-rate packages for purchase, refinancing, home equity, and pre-selling properties. Their current 1-Year Fixed rate starts at 7.00% p.a., with a Home Equity rate of 8.00% p.a. — making them a genuinely competitive option for Filipino homebuyers and homeowners alike. RCBC accepts a wide range of borrower profiles including private employees, OFWs, seafarers, self-employed individuals, and licensed professionals, with a minimum monthly income requirement of P50,000. If you're shopping for a new housing loan, RCBC is absolutely worth considering. You can learn more about what documents you'll need in our RCBC Housing Loan Requirements 2026 guide.
However, if you already have an existing home loan — whether with RCBC or another bank — the rate you locked in years ago may now be significantly higher than what's available in today's market. Many Filipino homeowners are still paying 8%, 9%, or even 10% on loans they took out before rates improved. Refinancing lets you replace your old loan with a new one at a lower rate, reducing your monthly amortization and freeing up cash each month. Through Nook, you can access the best available refinance rates across multiple partner banks — including rates as low as 5.99% p.a. — and the entire broker service is completely free to you as the borrower. Approval through RCBC typically takes around 49 days, and Nook handles the paperwork and lender coordination on your behalf.
Whether you're looking to lower your monthly payments, shorten your loan term, or unlock your home's equity, comparing your options is the smartest first step. Use the savings calculator on this page to see how much you could save, and check our RCBC Housing Loan Refinance guide for a step-by-step walkthrough of the refinancing process. Note that interest rates are subject to change — always verify current rates directly with the bank 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 currently offers a 1-Year Fixed rate of 7.00% p.a. for standard housing loans and 8.00% p.a. for Home Equity loans. These rates are available to qualified borrowers including private employees, OFWs, self-employed individuals, and professionals. Interest rates are subject to change, so it's always best to confirm the latest figures directly with RCBC or through Nook before applying.
RCBC requires a minimum monthly income of P50,000 to qualify for a housing loan. This applies across employment types — whether you're a salaried employee, OFW, seafarer, or self-employed professional. RCBC also applies a maximum debt-to-income (DTI) ratio of 30%, meaning your total monthly debt obligations should not exceed 30% of your gross monthly income.
Yes, RCBC accepts refinancing as a valid loan purpose, meaning you can transfer your existing home loan from another bank to RCBC and potentially secure a lower interest rate. Refinancing makes the most sense when your current rate is significantly higher than what RCBC (or other lenders) can offer today. Nook can help you compare RCBC against other partner banks to find the best refinance rate for your situation — at no cost to you.
RCBC's typical housing loan approval timeline is around 49 days from submission of complete documents. This covers credit evaluation, property appraisal, and loan documentation. Working with Nook can help streamline this process, as our team ensures your application is complete and correctly submitted from the start, reducing the risk of delays.
Applying through Nook is completely free and gives you access to RCBC alongside multiple other partner banks, so you can compare rates and terms side by side before committing. Nook's mortgage specialists handle the paperwork, lender coordination, and follow-ups on your behalf — saving you time and reducing the chance of errors in your application. You get the same RCBC loan product, but with professional guidance at no extra cost.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →