RCBC offers a 1-year fixed rate of 7.00% p.a. — but if you're on a repriced loan, you could be paying significantly more. See how much you could save by refinancing through Nook for free.
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Why this matters
RCBC (Rizal Commercial Banking Corporation) is one of the Philippines' most established home loan providers, offering competitive fixed-rate periods for new purchases, refinancing, and home equity loans. Their current 1-year fixed rate stands at 7.00% p.a., which is among the more accessible entry-level rates in the market. For borrowers exploring home equity options, RCBC offers an 8.00% p.a. rate. RCBC accepts a wide range of borrower profiles including employed professionals, OFWs, seafarers, and self-employed individuals — with a minimum monthly income requirement of P50,000. Typical loan approval takes around 49 days, and their debt-to-income ratio cap of 30% is standard across Philippine banks. If you're considering switching to RCBC or want to understand their full requirements, our RCBC housing loan requirements guide covers everything you need to prepare.
Where many RCBC borrowers get caught out is after their fixed-rate period ends. Once your initial fixed term expires, your loan gets repriced — often to a significantly higher rate based on prevailing market conditions. Homeowners who locked in during a low-rate period and haven't reviewed their loan since may now be paying 8.50% to 10% or more without realising it. This is precisely the situation where refinancing can unlock substantial savings. By refinancing to a new fixed term — either with RCBC or through a competing bank — you reset your rate and protect yourself from further repricing surprises. Nook compares RCBC against all major Philippine banks simultaneously, so you always see the best available deal. For a head-to-head look at how RCBC stacks up, check out our RCBC vs BDO refinancing comparison.
Refinancing through Nook is completely free for borrowers — Nook is paid by the bank, not by you. Our licensed brokers handle the paperwork, coordinate with your current lender, and guide you through every step of the process. Whether you're currently with RCBC and want to know if you can do better, or you're with another bank and considering switching to RCBC, Nook gives you an unbiased, data-driven comparison across all partner banks. The best refinance rate currently available through Nook is 5.99% p.a. — a rate that could translate to tens of thousands of pesos in savings every year on a typical loan. Please note that all interest rates are subject to change; we recommend verifying current rates directly with Nook or your preferred bank 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 loan purposes. These rates apply to new loan applications and refinancing; existing borrowers who have already been repriced may be on a different rate. Always confirm the latest rates with RCBC directly or through Nook, as rates are subject to change.
Once your fixed-rate period expires, RCBC will reprice your loan based on their prevailing rates at that time, which are typically higher than your initial rate. Many borrowers see their monthly payments jump significantly at this repricing anniversary. This is often the best time to refinance — either back with RCBC on a new fixed term or with a competing bank offering a better rate.
RCBC accepts applications from privately employed individuals, OFWs and seafarers, self-employed professionals, and licensed professionals such as doctors and lawyers. The minimum monthly income requirement is P50,000, and your total debt obligations (including the new mortgage) must not exceed 30% of your gross monthly income. RCBC supports a range of loan purposes including refinancing, home equity, resale, RFO, and pre-selling properties.
RCBC's 1-year fixed rate of 7.00% p.a. is competitive but not the lowest available in the market — the best refinance rate currently offered through Nook is 5.99% p.a. Depending on your loan amount and remaining term, even a 1% difference in rate can mean hundreds of thousands of pesos over the life of your loan. See our BPI vs RCBC rate comparison for a detailed side-by-side breakdown.
Both options are worth exploring. If RCBC offers you a competitive new fixed term on your existing loan, an internal repricing may be simpler with less paperwork. However, other banks may offer lower rates or better terms, especially if your property value has increased or your credit profile has improved since you first took out your loan. Nook compares all available options — including RCBC — so you can make an informed decision without any pressure or cost to you.
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