MyCash Personal Loan

RCBC MyCash Personal Loan lets you borrow from a minimum loan amount of PHP50,000 up to PHP1,000,000, easy payment terms of 6 to 36 months, and competitive interest rates at 1.30% per month. This multi-purpose loan allows you to settle your financial obligations and meet your personal needs. Plus, get financial advice on the best way to save and use your money.

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MyCash Personal Loan

RCBC MyCash Personal Loan. Fast application online with minimum requirements and fixed monthly terms. Apply today and get approve in an instant!

Overview

Product Name:
MyCash Personal Loan
Remarks:
Flexible and convenient
Minimum Amount of Loan:
PHP50,000.00
Maximum Amount of Loan:
PHP1,000,000.00
Minimum Loan Tenure:
6 months
Maximum Loan Tenure:
36 months

Eligibility and Requirements

Age Range of Borrower:
21-70 years old
Minimum Annual Income:
PHP240,000.00
Income Requirement Remarks:
Apply for as low as PHP20,000.00 gross monthly income
Employment / Work Status:
Permanent Employee for 2 years / 5 years Business Operations for Self-employed / 2 years of Practice for Professionals / Government Employee for 2 years
Borrower has to have Credit Card:
Yes
Guarantor Required:
No
Collateral Required:
No
Other Requirements:
Should have an existing credit card
Need to Open Linked Bank Account:
Yes

Application and Approval

Application Channel:
RCBC
Approval Duration:
7 to 21 days
Approval Duration Remarks:
One week minimum process time

Fees and Charges/Penalties

Loan Processing and Dispersal Fees:
PHP1,500 processing fee or 1% loan amount, whichever is higher but will not exceed PHP5,000.00
Early Repayment Penalty:
None if one month notice given
Late Payment Penalty:
5% p.a. on any outstanding balance

Interest Rates Offered

Product Name: Interest Rate Effective Interest Rate Interest Type
MyCash Personal Loan - 6 months 1.30% Monthly Rate
MyCash Personal Loan - 12 months 1.30% Monthly Rate
MyCash Personal Loan - 18 months 1.30% Monthly Rate
MyCash Personal Loan - 24 months 1.30% Monthly Rate
MyCash Personal Loan - 36 months 1.30% Monthly Rate

FAQs

What are the required documents to apply for an RCBC personal loan?

Employed

  • Accomplished Application Form
  • Original Certificate of Employment or 2 months payslip or ITR
  • Copy of 2 government issued IDs
  • Copy of latest ITR
  • Copy of one (1) month latest credit card billing
  • Copy of one (1) utility bill

Self-Employed

  • Completed and signed Application Form
  • Copy of Business Papers
  • Copy of most recent utility bill
  • Copy of one (1) month latest credit card bill
  • Copy of two (2) years financial statements with ITR
  • Copy of latest 6 months bank statements

What are the modes of payment?

  • You can pay your monthly amortizations through Automatic Debit Arrangement (ADA) with your RCBC savings or checking account or Post-Dated Checks (PDCs) or over-the-counter payment .

What are the eligibility requirements for RCBC personal loan application?

  • Applicant must be between 21 - 65 years of age, current credit card members of Mastercard, Visa, Amex, JCB with minimum of 2 years membership, with owned (2 years) or rented (3 years) residence. If employed, applicant must be at least of middle management, with a minimum of 2-year tenure, and employed among the top 10,000 corporations. If Self-employed, business must be at least 5 years in operation, and profitable for the last 2 years.

How do I claim my RCBC personal loan proceeds?

  • You can claim your RCBC personal loan via Manager’s Check.

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