RCBC offers competitive housing loan rates starting at 7.00% p.a. — but if you're already paying more, Nook can help you refinance to as low as 5.99% p.a. for free.
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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 bank, offering housing loans for a wide range of purposes including home purchase, refinancing, home equity, and pre-selling properties. Their 1-year fixed rate starts at 7.00% p.a., with a home equity rate of 8.00% p.a. — making them one of the more accessible options in the market, especially for private employees, OFWs, self-employed individuals, and professionals with a minimum monthly income of ₱50,000. Typical loan approval takes around 49 days, and RCBC accepts borrowers with a maximum debt-to-income ratio of 30%. If you want to understand the full list of documents and eligibility criteria, see our RCBC Housing Loan Requirements & Application Guide.
For homeowners who already have an existing housing loan — whether with RCBC or another bank — refinancing is worth serious consideration. If your current rate is sitting anywhere between 7.5% and 10%, you could be significantly overpaying every month. Through Nook, you can refinance to as low as 5.99% p.a. with zero broker fees. On a ₱3,000,000 loan over 20 years, moving from 8.50% to 5.99% could save you over ₱4,500 every single month. That's money that could go toward your children's education, emergency savings, or even paying off your loan faster. To see exactly what your monthly payment could be at different rates, try our RCBC Housing Loan Interest Rates & Calculator.
Nook works as the Philippines' first digital mortgage broker, comparing offers across multiple partner banks — including RCBC — to find you the best available rate for your situation. Unlike going directly to a bank, Nook gives you access to multiple lenders in one application, handles the paperwork, and advocates on your behalf. And because Nook's service is completely free to borrowers, there's no downside to getting a comparison. Whether you're buying your first home, refinancing an existing loan, or unlocking equity from your property, RCBC through Nook is a strong option to have on your shortlist. Note: Interest rates are subject to change. Always verify the latest rates directly with RCBC or through Nook before making a financial 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 1-year fixed housing loan rate is 7.00% p.a., while their home equity loan rate is 8.00% p.a. These rates are among the more competitive in the Philippine market, though they are subject to change — always confirm the latest rates with RCBC directly or through Nook before applying.
RCBC accepts applicants who are privately employed, self-employed, professionals, or OFWs/seafarers, with a minimum monthly income of ₱50,000. Your total monthly debt obligations (including the new housing loan) should not exceed 30% of your gross monthly income, which is RCBC's maximum debt-to-income ratio.
RCBC's typical housing loan approval timeline is around 49 days from complete submission of documents. Ensuring your application package is complete and accurate from the start is the best way to avoid delays — Nook's mortgage specialists can help you prepare your documents correctly.
Yes — refinancing is one of the loan purposes RCBC accepts, and Nook can facilitate your refinance application with RCBC as well as compare it against offers from other partner banks. Since Nook is a free service for borrowers, you can get competing offers without paying any broker fees, giving you the best chance of securing the lowest rate available.
Applying through Nook gives you access to RCBC's rates alongside offers from multiple other banks, all in a single application — at no cost to you. This means you can compare and choose the best deal rather than being limited to what one bank offers. Nook's specialists also guide you through the process and handle coordination with the bank, which can save significant time and stress.
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