In today's fast-paced world, having access to quick and reliable financial solutions is crucial. Whether you're planning a dream vacation, managing unexpected medical expenses, or consolidating your debts, RCBC Personal Loan offers you a pathway to achieve your goals.

What is RCBC Personal Loan?

RCBC Personal Loan is a financial product offered by the Rizal Commercial Banking Corporation (RCBC), one of the prominent banks in the Philippines. This loan provides individuals with a convenient and flexible way to access funds for various purposes, such as debt consolidation, home improvement, education, medical expenses, travel, and other financial needs.

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Why Choose RCBC Personal Loan?

Flexible Repayment: Tailor your repayment period according to your financial capability, ranging from 6 to 36 months.

Competitive Interest Rates: Enjoy the benefit of low-interest rates, ensuring that you don't end up paying more than necessary.

Quick Approval: RCBC values your time and aims to process your loan application swiftly, getting you the funds you need when you need them.

Easy Application: With simple requirements and a hassle-free application process, getting a personal loan has never been this convenient.

Expert Guidance: RCBC’s team of financial experts is always ready to assist you, ensuring that you make informed decisions about your loan.

Who Can Apply?

For Employed Individuals:

Filipino Citizen or Dual Citizen
At least 21 years old upon loan application
At most 65 years old upon loan maturity
Must have a mobile number, residence landline, or office landline
Locally employed at a company registered with Securities and Exchange Commission (SEC)
Minimum employment tenure of 2 years and a gross monthly income of Php 30,000

For Self-Employed Individuals:

Filipino Citizen
At least 21 years old upon loan application
At most 65 years old upon loan maturity
Must have a mobile number, residence landline, or office landline
Business operating in the Philippines for at least 3 years and profitable for the past 2 years
Minimum gross monthly income of Php 100,000

How Much Can I Borrow?

Borrowers can apply for a loan ranging from a minimum of PHP 50,000 to a maximum of PHP 1,000,000, depending on their financial needs and eligibility.

RCBC's personal loan calculator allows you to tailor your loan according to your needs. By choosing a loan period that suits you (ranging from 6 to 36 months), you can manage your monthly payments effectively, ensuring that your financial commitments align with your budget.

For example, you are borrowing PHP 50,000 in 12 months:

Loan Amount: PHP 50,000
Loan Period: 12 months
Total Loan Amount: PHP 50,000
Interest Rate: 1.3%
Monthly Payment: PHP 4,816.67

What are the Requirements Needed for RCBC Personal Loan Application?

RCBC understands the value of your time, which is why the application process is designed to be straightforward. To apply for an RCBC Personal Loan, you need to prepare the following documents:

For Employed Applicants:

Accomplished RCBC Personal Loan Application Form
Certificate of Employment (COE) or latest Income Tax Return (ITR)
2 valid government-issued IDs
Tax Identification Number (TIN)
Utility Bill

For Self-Employed Applicants:

Accomplished RCBC Personal Loan Application Form
Business Papers (DTI or SEC, Mayor’s Permit)
Latest Income Tax Return (ITR) or Audited Financial Statements or latest 3-month bank statement

How to Apply for RCBC Personal Loan?

Applying for an RCBC Personal Loan involves a straightforward process. Here's a step-by-step guide to help you through the application:

1. Check Eligibility

Ensure that you meet the eligibility criteria set by RCBC. This typically includes being a Filipino citizen, meeting the age requirements (usually between 21 and 65 years old), having specific contact numbers, and fulfilling income and employment tenure requirements for employed applicants or business-related criteria for self-employed applicants.

2. Prepare Required Documents

Gather all the necessary documents, which may include:

An accomplished RCBC Personal Loan Application Form
Certificate of Employment (COE) or latest Income Tax Return (ITR) for employed applicants
business papers (DTI or SEC, Mayor’s Permit), Latest ITR or Audited Financial Statements, and the latest 3-month bank statement for self-employed applicants
You may also need to provide 2 valid government-issued IDs, your Tax Identification Number (TIN), and utility bills.

3. Estimate Your Loan

Use the RCBC loan calculator on their official website to estimate your monthly payments based on the desired loan amount and tenure. This will give you an idea of your repayment obligations.

4. Visit an RCBC Branch

Locate the nearest RCBC branch in your area. Visit the branch in person to discuss your loan requirements with a representative. They will guide you through the application process, help you fill out the application form if needed, and provide assistance regarding the necessary documents.

5. Submit Your Application

Submit your completed application form along with the required documents to the RCBC representative. Ensure that all the documents are accurate and up-to-date. The bank will review your application and documentation to assess your eligibility and creditworthiness.

6. Wait for Approval

Once your application is submitted, wait for the bank's decision. The approval process may take some time as the bank assesses your financial situation and creditworthiness. RCBC will inform you of their decision, whether your loan is approved or not.

7. Receive Funds

If your loan application is approved, RCBC will disburse the loan amount to your designated bank account. Ensure that you understand the terms and conditions of the loan, including the interest rate and repayment schedule.

8. Repay Your Loan

Make timely repayments according to the agreed-upon schedule. This will help you maintain a good credit history and ensure smooth financial transactions with the bank.

Remember, it's crucial to carefully review the terms and conditions, including interest rates and fees, before finalizing your RCBC Personal Loan application. If you have any questions or concerns, don't hesitate to ask the bank representative for clarification during the application process.

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RCBC Personal Loan opens the door to a world of financial possibilities. Whether you're planning for your future, managing unexpected expenses, or seizing an investment opportunity, RCBC is here to support you.

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Other Low-Interest Personal Loans in the Philippines

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How to Apply and Get Approved for RCBC Personal Loan (Amount, Interest Rate & Processing Time)