RCBC Personal Loans

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Discover the benefits of getting a loan from RCBC if you need financing for a large purchase, a holiday or home renovations.

Established in 1960, the Rizal Commercial Banking Corporation (RCBC) is one of the largest universal banks in the Philippines. RCBC offers a broad range of financial products and banking solutions designed to suit diverse borrowing needs, including personal loans. Depending on the bank’s assessment of your paying capacity, you may borrow up to PHP1,000,000 to meet any personal financial obligations.

finder does not currently have access to this personal loan provider. Please review the product details, application criteria and terms and conditions on the provider website if you are considering applying for this product.

Types of personal loans from RCBC

Interested in applying for an RCBC personal loan? Here is a brief overview of the products offered.

  • Personal loan. The RCBC MyCash Personal Loan is a multipurpose, unsecured loan facility that allows you to borrow from PHP50,000 to PHP1,000,000 to meet your personal needs. Loans are repayable within 6 to 36 months. RCBC also provides free financial advice on the best way to save and pay your amortization.
  • Auto loan. Whether you’re buying a brand new or second-hand vehicle, RCBC can help you get behind the wheels with downpayment options from as low as 20%. In addition, you can choose your choice of terms, which are up to a maximum of 60 months for new cars and 48 months for used cars.

Features of RCBC personal loan

You can expect some of these features that come with RCBC personal loans:

  • Various loan amounts. Depending on your credit rating and paying capacity, you can borrow as much as PHP1,000,000.
  • Repayment flexibility. You can repay your monthly loan payments through online banking, cash, cheque or ATM transfers. Terms of 6 to 36 months are available.
  • Fast approval. The online application only takes around 10 to 15 minutes to complete. If all the required information is submitted accordingly, an application can be approved within five to seven working days.

Other products offered by RCBC

Apart from personal loans, RCBC also offers an extensive range of banking products and services.

  • Deposits. Everyday banking needs are taken care of with a line of accounts designed to offer convenient access to your money and help you achieve your savings goals.
  • Cards. Choose from a wide selection of credit, debit and prepaid cards at RCBC. Whether you’re looking for high rewards, low annual fee or 0% instalment plans, RCBC has a card that suits your lifestyle and spending habits.
  • Home loans. You can borrow from PHP1,000,000 for property acquisition or PHP300,000 for other purposes such as construction, renovation or refinancing. Other loan amounts will depend on your paying capacity.
  • Insurance. RCBC provides a variety of coverage options from Malayan Insurance and Sun Life Grepa Financial.
  • Other products. Some other products offered by RCBC include investments, international payments and business banking solutions.

How to apply for a personal loan from RCBC

If you’re ready to apply for a personal loan from RCBC, you can get started by completing the online application form. Check that you meet the following eligibility before you begin the application:

  • At least 21 and not more than 65 years old if employed or 70 years old if self-employed upon loan maturity
  • Current holder of Philippine-issued credit card for at least two years
  • With owned (two years) or rented (three years) residence
Employment requirements for salaried borrowers:
  • At least of middle management
  • Have at least two years of permanent work status
  • Your employer must be among the top 10,000 corporations or a legitimate company operating for at least five years
  • Minimum monthly income of PHP20,000
Employment requirements for self-employed borrowers:
  • Your business must have been operational for at least five years and profitable for the last two years<

If you meet these criteria you are eligible to apply. Have the following documents on hand to complete the application:

For salaried employees:

  • Valid government-issued photo-bearing ID – eg passport, driver’s license, PRC
  • Completed application form
  • Certificate of Employment (COE) and Compensation; or
  • Salary slips for the last two months; or
  • Latest ITR/BIR Form 2316 (for employed)
  • Last month’s utility bill
  • Last month’s credit card statement

For self-employed employees:

  • Valid government-issued photo-bearing ID – eg passport, driver’s license, PRC
  • Completed application form
  • Last two years’ ITR
  • Audited Financial Statements (AFS) for the last two years
  • Business registration
  • List of suppliers and customers
  • Last month’s credit card statement

Like any financial undertaking, compare your options to make sure you are getting the best deal and the perfect features to suit your circumstances.

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