RCBC Personal Loan is a multi-purpose and unsecured installment loan for personal needs such as purchase of big-ticket items, medical needs, tuition fee, travel, renovations, car repairs, debt payment, working capital, and emergency expenses. You can borrow for a minimum loan amount of ₱50,000 up to ₱1,000,000 in various payment terms of 6, 18, 24, and 36 months. Interest rate is at 1.7% per month. This multi-purpose loan allows you to settle your financial obligations and meet your personal needs.
Highlights
- RCBC Personal Loan. Fast application online with minimum requirements and fixed monthly terms. Apply today and get approve in an instant!
Overview
| Loan amount | ₱50,000 to ₱1,000,000 |
|---|---|
| Loan term | 6 to 36 months |
| Interest | 1.7% a month |
| Minimum annual income | ₱360,000 |
| Age | 21 to 65 years old |
| Work | Employed, Self-employed, Professional |
| Processing time | 7 to 21 days |
| Early repayment | Provide one month notice |
| Admin fee | PHP1,500 processing fee or 1% loan amount, whichever is higher but will not exceed PHP5,000.00 |
| Late payment | 5% p.a. on any outstanding balance |
| Collateral | No |
| Requirements | Should have an existing credit card |
Frequently asked questions
What are the required documents to apply for an RCBC personal loan?
Employed
- Accomplished Application Form
- At least 21 years old up to 65 years old upon loan maturity
- Original Certificate of Employment or 1 month payslip
- BIR Form 2316 (ITR)
- Copy of 2 government issued IDs
- Copy of one (1) utility bill
- Copy of one (1) month latest credit card billing - optional
Self-Employed
- Accomplished Application Form
- At least 21 years old up to 65 years old upon loan maturity
- Copy of Business Papers (DTI, SEC or GIS, Mayor’s Permit, Professional License)
- Copy of latest 3 months bank statements
- Copy of most recent utility bill
- Copy of one (1) month latest credit card billing - optional
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).
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 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 not from top 10,000 corporations, employee must be managerial position and up. If Self-employed, business must be at least 3 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.