RCBC offers competitive housing loan rates starting at 7.00% p.a. — but Nook can help you check if you qualify for an even lower rate of 5.99% p.a. through our network of partner banks, completely free.
POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
RCBC (Rizal Commercial Banking Corporation) is one of the Philippines' most established banks, and its housing loan product is a strong option for Filipinos looking to buy a home or refinance an existing loan. With a 1-year fixed rate of 7.00% p.a. and a home equity option at 8.00% p.a., RCBC is competitive among major Philippine banks. Eligible borrowers include employees in the private sector, OFWs, seafarers, self-employed professionals, and more — with a minimum monthly income requirement of P50,000 and a typical approval timeline of around 49 days. If you want to understand the full RCBC housing loan requirements and application process, Nook has a detailed guide to walk you through it.
For homeowners already carrying a mortgage — whether with RCBC or another bank — refinancing is worth exploring seriously. If your current rate is anywhere between 7% and 10%, even a modest reduction can translate into significant long-term savings. On a 3,000,000 loan over 20 years, moving from a higher legacy rate down to 5.99% p.a. through Nook's partner bank network can save you over 200,000 pesos across the life of your loan. You can run the numbers yourself using the RCBC housing loan interest rate calculator to see what your monthly payment looks like at different rates.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We do the legwork of comparing banks, checking your eligibility, and submitting your application — so you don't have to deal with the paperwork alone. Whether you're applying for a new RCBC housing loan or refinancing an existing one, Nook gives you access to the best available rates from multiple banks, including RCBC, all in one place. Note: Interest rates are subject to change. Please verify current rates with RCBC 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 subject to change, so we recommend verifying the latest rates directly with RCBC or through Nook, where you can compare RCBC against other partner banks at no cost.
RCBC requires a minimum monthly income of P50,000 and accepts borrowers from a wide range of employment types, including private-sector employees, OFWs, seafarers, self-employed individuals, and professionals. Your debt-to-income ratio must not exceed 30%, meaning your total monthly loan obligations — including the new housing loan — should be within that threshold of your gross monthly income.
RCBC's typical approval timeline is around 49 days from complete document submission. Processing times can vary depending on the complexity of your application and how quickly you submit all required documents. Applying through Nook can help you prepare a complete application upfront, which reduces the chance of delays due to missing requirements.
Yes — refinancing to RCBC is one of the loan purposes supported through Nook's platform. If you're currently paying a higher rate with another bank, switching to RCBC's 7.00% fixed rate (or potentially an even lower rate through Nook's full partner bank network) could meaningfully reduce your monthly payment. Nook's service is completely free to borrowers, so there's no cost to explore your options.
Applying through Nook gives you the benefit of comparing RCBC's rates against other partner banks simultaneously, so you can be confident you're getting the best available deal — not just the first offer you find. Nook's mortgage specialists handle the comparison and application process on your behalf, and the service costs you nothing. If RCBC turns out to be the best fit, Nook will submit your application there; if another bank offers a better rate, you'll know before you commit.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →