RCBC's housing loan starts at 7.00% p.a. fixed for 1 year — but through Nook, qualified borrowers can refinance to as low as 5.99% p.a. and save thousands every month.
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Why this matters
RCBC (Rizal Commercial Banking Corporation) is one of the Philippines' most established universal banks and a Nook partner lender. Their housing loan product is competitive across the board — offering a 1-year fixed rate of 7.00% p.a. and a home equity option at 8.00% p.a. RCBC accepts a wide range of borrower profiles 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, reselling, ready-for-occupancy (RFO) units, pre-selling, foreclosed properties, and home equity take-out. Typical approval takes around 49 days, and RCBC caps debt-to-income ratio at 30%.
If you already have a home loan — whether with RCBC or another bank — and your current rate is above 7%, refinancing through Nook could meaningfully reduce your monthly obligation. On a ₱3,000,000 loan with 20 years remaining, moving from 7.00% down to 5.99% saves over ₱2,000 per month. Over the life of the loan, that compounds into hundreds of thousands of pesos in interest you simply don't pay. Nook's service is completely free to borrowers: we handle the bank comparison, documentation prep, and follow-up on your behalf at no charge. You can learn more about the full process in our RCBC housing loan refinance guide.
Thinking of applying fresh or switching to RCBC? It helps to come prepared. Eligibility, required documents, and the step-by-step application process are all covered in our RCBC housing loan requirements guide for 2026. Whether you're a first-time applicant or a seasoned borrower looking to lower your rate, Nook gives you access to RCBC and other top Philippine banks in a single, streamlined application. Note: Interest rates are subject to change. Always verify current rates with RCBC or through Nook before making 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 housing loan is currently available at 7.00% p.a. fixed for the first year, with a home equity option at 8.00% p.a. These rates are among the more competitive offerings from Philippine universal banks. Rates are subject to change, so we recommend verifying the latest figures directly with RCBC or through Nook before applying.
RCBC accepts applications from private employees, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum qualifying monthly income is ₱50,000, and your total debt-to-income ratio must not exceed 30%. RCBC supports multiple loan purposes including refinancing, home equity, RFO, pre-selling, foreclosed properties, and resale transactions.
RCBC's typical loan approval timeline is around 49 days from the time a complete application is submitted. This timeline can vary depending on how quickly documents are verified and any conditions tied to the property. Applying through Nook can help keep your submission complete and on track from the start.
Refinancing to RCBC makes the most sense if your current rate is significantly above 7.00% — for example, if you're on an older fixed rate of 8% or higher with another bank. On a ₱3,000,000 balance with 20 years remaining, even a 1% rate reduction translates to meaningful monthly savings that add up over time. Nook can run a free comparison to help you decide whether switching to RCBC — or another partner bank — gives you the best outcome.
No — Nook's mortgage brokering service is 100% free to borrowers. Nook earns a referral fee from the bank upon successful loan release, so you get full support with bank comparison, document preparation, and application follow-up at zero cost to you. There are no hidden charges or upfront fees at any stage of the process.
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