RCBC offers a 1-year fixed rate of 7.00% p.a. — but if you're on an older repriced loan, you could be paying far more. Refinance through Nook and get rates as low as 5.99% p.a., completely free.
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Why this matters
RCBC (Rizal Commercial Banking Corporation) is one of the Philippines' most established commercial banks and a trusted name in home financing. Their housing loan products cover a wide range of purposes — from buying a ready-for-occupancy unit or pre-selling property, to refinancing an existing loan or accessing your home's equity. RCBC's current 1-year fixed rate starts at 7.00% p.a., which is competitive among major Philippine banks. However, if your loan has already been repriced once or twice since you first took it out, your current rate could be significantly higher — sometimes as much as 9% to 10% p.a. — quietly adding thousands of pesos to your monthly payment.
That's where refinancing makes sense. By switching to a lower rate through a Nook-facilitated refinance, a borrower with a ₱3,000,000 outstanding balance on a 20-year term could save over ₱3,900 every month at the right rate. Over the life of the loan, that compounds into hundreds of thousands of pesos in total interest savings. RCBC accepts applications from private employees, self-employed professionals, and OFWs or seafarers, with a minimum monthly income requirement of ₱50,000 and a maximum debt-to-income ratio of 30%. Typical approval takes around 49 days. If you're curious about what documents and eligibility criteria apply, check out our full RCBC housing loan requirements and application guide for a detailed walkthrough.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We compare loan offers across multiple partner banks — including RCBC — so you don't have to negotiate alone. Whether you're refinancing away from a high-repriced rate or exploring RCBC for the first time, Nook handles the paperwork, follows up with the bank, and keeps you updated every step of the way. Please note that interest rates are subject to change — always verify current rates directly with the bank or through Nook 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's current 1-year fixed housing loan rate starts at 7.00% p.a. for standard home purchase and refinancing loans, while their Home Equity product is priced at 8.00% p.a. These rates are among the more competitive offerings from major Philippine banks, though they are subject to change and repricing after each fixed period ends — so it's worth verifying the latest rates with RCBC or through Nook before you apply.
Savings depend on your current outstanding balance, remaining term, and the rate gap between your existing loan and your new rate. For example, a borrower with ₱3,000,000 outstanding moving from 8.50% to 5.99% p.a. on a 20-year term could save roughly ₱3,900 per month — or close to ₱705,000 over the loan's lifetime. Use Nook's free calculator to get a personalised estimate based on your actual loan details.
RCBC accepts applications from Filipino citizens who are private employees, self-employed professionals, or OFWs and seafarers, with a minimum monthly income of ₱50,000. Your total monthly debt obligations — including the new housing loan payment — should not exceed 30% of your gross monthly income (the maximum debt-to-income ratio). For a full breakdown of eligibility and required documents, read our RCBC housing loan requirements guide.
RCBC's typical loan approval timeline is around 49 days from submission of complete documents. This can vary depending on how quickly supporting documents are verified, the complexity of your application, and current processing volumes at the bank. Applying through Nook helps streamline this process — we review your documents before submission and follow up with the bank on your behalf to avoid unnecessary delays.
Yes — Nook's service is 100% free to borrowers. We earn a referral fee from the bank when your loan is successfully disbursed, so you never pay us anything out of pocket. As a Nook partner bank, RCBC is part of our lender panel, meaning we can submit your application directly, help you prepare the right documents, and negotiate on your behalf to get the most competitive rate available for your profile.
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