RCBC offers competitive housing loan rates starting at 7.00% p.a. — but through Nook, you could 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 housing loan providers, offering flexible loan products for home purchase, refinancing, home equity, and pre-selling properties. Their 1-year fixed rate of 7.00% p.a. is competitive within the market, and their loan programs cater to a wide range of borrowers — including private employees, OFWs, seafarers, self-employed professionals, and business owners. With a minimum monthly income requirement of P50,000 and a maximum debt-to-income ratio of 30%, RCBC strikes a balance between accessibility and responsible lending. You can learn more about what documents and eligibility criteria to prepare in our RCBC housing loan requirements and application guide.
If you already have an RCBC housing loan — or a home loan with another bank — refinancing could be a powerful way to reduce your monthly payments and free up cash for other priorities. With Nook, the Philippines' first digital mortgage broker, you can compare RCBC's rates against multiple lenders in one place and apply completely free of charge. Nook's team handles the paperwork, coordinates with the bank, and guides you through every step of the process. The typical approval timeline for an RCBC loan through Nook is around 49 days, and our brokers work to ensure your application is packaged for the best possible outcome. Check our RCBC housing loan interest rates and calculator to see how your monthly payment compares at different rate scenarios.
Whether you are buying your first home, upgrading to a bigger property, or looking to lower the interest rate on your existing loan, RCBC's housing loan lineup gives you real options. Their product range covers ready-for-occupancy homes, resale properties, foreclosed assets, and home equity financing — making them one of the more versatile banks for Filipino homeowners at different stages of their property journey. Rates are subject to change, so we always recommend verifying the latest figures directly with the bank 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 currently offers a 1-year fixed rate of 7.00% p.a. for standard housing loans, and 8.00% p.a. for home equity loans. These rates are among the more competitive offerings from Philippine commercial banks, though they are subject to change — always confirm the latest rates with RCBC directly or through a broker like Nook before applying.
RCBC accepts applications from private employees, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is P50,000, and your total debt obligations — including the proposed housing loan payment — should not exceed 30% of your gross monthly income. Both Filipino citizens and some foreign nationals with eligible property types may apply.
RCBC's housing loan covers a broad range of property types, including ready-for-occupancy (RFO) units, pre-selling condominiums and house-and-lot developments, resale properties, and bank foreclosed assets. They also offer home equity loans, which allow you to borrow against the value of a property you already own — useful for home improvements, business capital, or debt consolidation.
The typical approval timeline for an RCBC housing loan is approximately 49 days from submission of complete documents. This timeline can vary depending on the completeness of your application, property type, and appraisal scheduling. Applying through Nook can help streamline the process, as our brokers ensure your documents are in order before submission to avoid unnecessary delays.
Yes — if you currently have a home loan with another bank and are looking for a lower rate, you can refinance to RCBC through Nook at no cost to you. Nook will compare RCBC's refinancing rates against other partner banks to find the best fit for your situation. Visit our RCBC housing loan refinance page to see how much you could save by switching.
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