RCBC offers competitive housing loan rates starting at 7.00% p.a. — but if you're on an older repriced rate, you could be paying far more. Nook helps you find a better deal for free.
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Why this matters
RCBC (Rizal Commercial Banking Corporation) is one of the Philippines' most established home loan providers, offering fixed-rate housing loans starting at 7.00% p.a. for a 1-year fixed term and home equity loans at 8.00% p.a. RCBC accepts a wide range of borrower profiles — including private employees, OFWs and seafarers, self-employed professionals, and licensed practitioners — with a minimum monthly income requirement of ₱50,000. Loan purposes covered include purchase of ready-for-occupancy (RFO) units, pre-selling properties, resale homes, refinancing of existing loans, and home equity. If you want to see how your monthly payment breaks down under RCBC's current rates, our RCBC housing loan calculator can give you an instant estimate.
The catch with any fixed-rate housing loan — including RCBC's — is that your rate only stays fixed for the initial period you locked in (typically 1 to 3 years). After that, your loan reprices to whatever the prevailing rate is at that time, which can be significantly higher. Many Filipino homeowners find themselves paying 8%, 9%, or even 10% after their first fixing period ends, often without realising there are better options available. This is exactly where refinancing makes sense. By switching your home loan to a lender offering a lower rate, you can dramatically reduce your monthly payment and free up cash every single month.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free for borrowers. We work with RCBC and other leading banks to find you the most competitive rate for your situation — whether you're currently with RCBC or refinancing away from another lender. There are no broker fees, no hidden charges, and no obligation to proceed. If you're already an RCBC borrower wondering whether you can get a better deal, check our full guide on RCBC housing loan refinancing to understand your options. Interest rates are subject to change — always verify the latest rates directly with RCBC 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 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 are among the more competitive rates available from a major Philippine commercial bank. Note that rates are subject to change, so always confirm the latest figures with RCBC or through Nook before applying.
RCBC accepts applications from private employees, OFWs and seafarers, self-employed individuals, and licensed professionals, with a minimum monthly income requirement of ₱50,000. Your debt-to-income ratio must not exceed 30%, meaning your total monthly loan obligations — including the new housing loan — should be no more than 30% of your gross monthly income. You can find the full list of documents and eligibility requirements in our RCBC housing loan requirements guide.
RCBC's typical loan approval timeline is around 49 days from submission of complete documents. This covers credit evaluation, property appraisal, and loan offer issuance. Ensuring your documents are complete and accurate from the start is the best way to avoid delays.
Yes on both counts. RCBC accepts refinancing as a loan purpose, meaning you can move your home loan from another bank to RCBC to take advantage of their rates. Conversely, if you're an existing RCBC borrower whose rate has repriced upward, you may be able to refinance to a different lender offering a lower rate. Nook can compare options across multiple banks simultaneously at no cost to you.
Savings depend on your outstanding loan balance, remaining term, and the rate difference between your current loan and the best available refinance rate. On a ₱3,000,000 loan with 20 years remaining, moving from 9.00% to 5.99% p.a. could save you over ₱4,000 per month — that's nearly ₱50,000 a year. Use Nook's free comparison tool to calculate your personalised savings in minutes.
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