RCBC offers a 1-year fixed rate starting at 7.00% p.a. — but if you're on an older loan, you could be paying far more. See how much you can save by refinancing through Nook for free.
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Why this matters
RCBC (Rizal Commercial Banking Corporation) is one of the Philippines' leading commercial banks and a Nook partner bank, offering competitive housing loan rates starting at 7.00% p.a. for a 1-year fixed period and 8.00% p.a. for Home Equity loans. Whether you're purchasing a ready-for-occupancy property, refinancing an existing loan, or tapping your home equity, RCBC offers flexible options for salaried employees, self-employed professionals, and OFWs with a minimum monthly income requirement of ₱50,000. Typical loan approval takes around 49 days, and RCBC accommodates a maximum debt-to-income ratio of 30%.
If your current home loan was taken out a few years ago, there's a strong chance your interest rate is significantly higher than what RCBC and other banks are offering today. Many Filipino homeowners are still locked into rates of 8.5% to 10% or more — and every month that passes is money left on the table. Refinancing your home loan to a lower rate is one of the most effective ways to reduce your monthly cash outflow and free up funds for other financial goals. You can use our RCBC housing loan calculator to estimate your potential savings based on your current loan balance and rate.
Applying through Nook is 100% free for borrowers. As the Philippines' first digital mortgage broker, Nook compares offers across multiple partner banks — including RCBC — so you get the best available rate without the legwork. There are no broker fees, no hidden charges, and no obligation to proceed. If you're already paying an RCBC loan and want to explore refinancing options, or if you're considering switching from another bank, check out our guide on RCBC housing loan refinancing to understand the full process and what to expect. Note: interest rates are subject to change — always verify current rates directly with RCBC 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 housing loan rate of 7.00% p.a. and a Home Equity loan rate of 8.00% p.a. These rates are subject to change, so it's best to confirm the latest figures directly with RCBC or by applying through Nook, where our team will present you with the most up-to-date offers.
RCBC accepts applications from salaried employees in the private sector, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱50,000, and the maximum debt-to-income (DTI) ratio is 30%. For full eligibility details and required documents, see our RCBC housing loan requirements guide.
RCBC's typical loan approval timeline is approximately 49 days from submission of complete documents. Ensuring your application is complete and accurate from the start is the best way to avoid unnecessary delays. Applying through Nook means our team will help you prepare and submit a clean application.
Yes, RCBC accepts refinancing applications for existing home loans, whether your current loan is with RCBC or another bank. Refinancing to a lower rate can significantly reduce your monthly amortisation and total interest paid over the life of the loan. Nook can help you compare RCBC's refinancing offer against other banks to ensure you're getting the best deal.
Nook's service is completely free for borrowers — there are no broker fees, application fees, or hidden charges on our end. Nook earns a referral fee from the bank only when your loan is successfully disbursed, so our interests are fully aligned with yours. You get expert guidance and multi-bank comparison at zero cost.
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