RCBC offers a 1-year fixed rate starting at 7.00% p.a. — but if you took out your home loan a few years ago, you could be paying far 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' leading universal banks and a strong option for housing loans in 2026. Their 1-year fixed rate starts at 7.00% p.a., with a Home Equity loan rate of 8.00% p.a. RCBC accepts a wide range of borrower profiles — including private employees, OFWs and 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 properties. Typical approval takes around 49 days, and their maximum debt-to-income ratio is 30%. If you're comparing options, you can also review the full RCBC housing loan requirements and eligibility guide to understand what documents you'll need before applying.
The key thing many homeowners overlook is that your current interest rate may no longer be competitive. If your home loan was taken out 3–7 years ago, you could easily be paying 8.50% to 10.00% p.a. — well above what's available in the market today. Refinancing means replacing your old loan with a new one at a lower rate, reducing your monthly amortisation and freeing up cash every month. On a ₱3,000,000 balance with 20 years remaining, dropping from 9.00% to 5.99% p.a. saves over ₱4,000 per month. That's money that could go toward your children's education, emergency savings, or home improvements. If you're currently with RCBC and considering a switch, read our guide on RCBC housing loan refinancing to understand your options.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We compare housing loan offers from RCBC and other leading banks — including BDO, BPI, Metrobank, Security Bank, and more — so you can see your best available rate without applying to each bank one by one. There's no obligation to proceed, no fees, and no paperwork surprises. Just fill out one form, and our team handles the rest. Note: Interest rates are subject to change. Always verify the latest rates directly with your lender 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's 1-year fixed housing loan rate starts at 7.00% p.a. in 2026, with a Home Equity loan rate of 8.00% p.a. These rates are among the more competitive offerings from Philippine universal banks, but rates are subject to change and you should verify the latest figures directly with RCBC or through Nook before applying.
RCBC accepts private employees, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱50,000, and your total monthly debt obligations — including the new loan payment — must not exceed 30% of your gross monthly income.
RCBC's typical approval timeline is around 49 days from complete document submission. Processing time can vary depending on the completeness of your application, the property type, and current application volumes. Applying through Nook means you'll have a dedicated team helping you prepare and submit correctly the first time.
Yes, refinancing is one of RCBC's listed loan purposes, so they will consider applications from borrowers refinancing from other banks. Likewise, if you currently have an RCBC housing loan, you may refinance to another bank offering a lower rate. Nook can help you compare both directions to find the best outcome for your situation.
Generally, refinancing makes the most financial sense when you have 10 or more years remaining on your loan, as this gives you enough time to recover the one-time costs of refinancing through monthly savings. If you have fewer years remaining, Nook can still run the numbers for your specific situation — sometimes the savings are still significant, especially if your current rate is well above market.
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