RCBC offers competitive housing loan rates starting at 7.00% p.a. — but Nook can help you compare and potentially refinance to as low as 5.99% p.a., completely free.
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Why this matters
RCBC is one of the Philippines' most established universal banks and a Nook partner bank, offering housing loans with a 1-year fixed rate of 7.00% p.a. and a home equity rate of 8.00% p.a. RCBC accepts borrowers across a wide range of employment types — including private employees, OFWs, seafarers, self-employed individuals, and licensed professionals — with a minimum monthly income requirement of ₱50,000. Loan purposes covered include refinancing, home equity, ready-for-occupancy (RFO) properties, pre-selling, reselling, and foreclosed assets. Typical approval takes around 49 days, and RCBC applies a maximum debt-to-income ratio of 30%. If you want the full breakdown of eligibility and documents needed, see our RCBC Housing Loan Requirements 2026 guide.
If you already have an RCBC housing loan — or are considering one — it's worth knowing that rates can shift at re-pricing periods, which often means your monthly amortisation increases after your fixed-rate lock-in ends. Many Filipino homeowners find themselves paying 8% or more after their first fixing period expires. Refinancing before or at that point can lock in a lower rate and reduce your total interest cost significantly over a 15–25 year loan term. Through Nook, you can compare RCBC's rates against other partner banks and see your real savings in minutes.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We handle the legwork of comparing lenders, preparing your application, and coordinating with the bank — so you don't have to. If you're specifically thinking about moving your existing home loan to RCBC or away from RCBC to a lower rate, our RCBC refinancing guide walks through exactly how the process works and what to expect. Interest rates are subject to change; always verify current rates directly with RCBC or through a Nook advisor 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
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 apply during the initial fixed-rate period, after which your loan re-prices based on prevailing market rates. Always confirm the latest rates directly with RCBC or through Nook, as rates are subject to change.
RCBC accepts applications from private employees, OFWs, seafarers, self-employed individuals, and licensed professionals with a minimum monthly income of ₱50,000. Borrowers must also meet RCBC's maximum debt-to-income ratio of 30%, meaning your total monthly loan obligations — including the new housing loan — should not exceed 30% of your gross monthly income. For a complete list of requirements and documents, visit our full RCBC eligibility checklist.
RCBC's typical approval timeline is around 49 days from submission of a complete application. This includes credit evaluation, property appraisal, and loan documentation. Submitting a complete and accurate set of documents upfront is the best way to avoid delays.
Yes — RCBC accepts refinancing applications, making it possible to move your existing home loan from another bank to RCBC if their rates are more competitive. Conversely, if your current RCBC rate has re-priced upward, you may be able to refinance to another lender offering a lower rate. Nook can compare both options for you at no cost.
Yes, Nook's service is 100% free to borrowers — there are no broker fees, hidden charges, or markups on your loan rate. Nook earns a referral fee from the bank, not from you. This means you get professional guidance, rate comparisons across multiple lenders, and full application support without paying anything extra.
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