RCBC Personal Loan – All You Should Know Before Applying

Are you struggling with money? Do not worry! RCBC personal loans are ideal for helping you with your financial problems.

The bank offers a wide choice of alternatives and flexible payment schedules, as well as reasonable interest rates and other perks. Moreover, RCBC has always been on top in the Philippine banking industry, so you can fully trust its products and solutions. 

Read on for a smooth and successful application!

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RCBC personal loan

About RCBC

The RCBC is one of the most well-known banks in the Philippines, operating under Central Bank license as an investment and commercial bank since 1960. You can easily find its headquarters on Luzon Island, Makati City.

About RCBC

RCBC Plaza

Currently, the bank serves a wide range of banking services and financial products that suit different borrowing requirements, such as personal loans. The bank can lend you up to 1,000,000 PHP depending on its appraisal of your paying capabilities.

Types Of Personal Loans From RCBC Bank

There are many financing options for your needs. RCBC provides an unsecured personal loan for those who are in emergency cash needs with at least $20,000 monthly gross income. There are no requirements for guarantees or PDCs.

You can borrow from $50,000 to $1,000,000 with a fixed interest rate of 16.08 percent per year and repay in a time of 6 months to 3 years. The application process, including the release of funds, takes roughly 5 – 7 business days to get approval. RCBC also offers free financial advice on how to save money and pay off your debt.

See also: RCBC Hotline Detailed Information

Benefits Of RCBC Personal Loan

Benefits Of RCBC Personal Loan

Personal loan at RCBC brings about great benefits

RCBC is a big and reputable Philippines global bank. Its personal loans provide a variety of great features to borrowers. For example, an interest rate is based on market rates, which will ensure competitive prices.

The bank can lend you up to 1,000,000 PHP based on your repayment capacity and credit score. The repayment is flexible in both time and methods. The repaying terms range from 6 – 36 months. RCBC accepts monthly mortgage payments through ATM transfers, internet banking, cheque, or cash.

The quick online application process only takes 10 – 15 minutes. After presenting all essential information correctly, RCBC can approve your application in just 5 – 7 business days.

What Are The Requirements For Applying To RCBC Personal Loan?

To apply for an RCBC personal loan, simply complete the application form on the bank website. But before submitting, make sure that you meet the eligibility requirements below:

If you are an employee:

  • You must be a Filipino or a mixed citizen.
  • At the time of the loan application, you must be at the minimum age of 21.
  • At the loan maturity date, you must be under 65 years old.
  • You must have a cell phone, an office phone, or a home phone.
  • You must work for a corporation under the SEC.
  • You must have worked for at least 2 years with a gross monthly salary of 30,000 Php.

If you are a self-employ:

  • You must be a Filipino or a mixed citizen.
  • At the time of the loan application, you must be at the minimum age of 21.
  • At the loan maturity date, you must be under 65 years old.
  • You must have a cell phone, an office phone, or a home phone.
  • Your business must be profitable and has a minimum domestic operation time of 3 years.

See also: BDO Personal Loan Complete Guideline [2021]

What Are The Required Documents For Applying To RCBC Personal Loan?

Once your eligibility is qualified, prepare the documents below for a smooth and successful application.

If you are an employee:

  • A complete registration form
  • Certified government-stated ID containing your photos, such as PRC, a driving license, or passport
  • Either one of the following sets: Compensation and COE, wage stubs for the previous two months, or the most recent Form 2316 BIR/ITR (for employees)
  • Utility bill from last month
  • The statement for your credit card from the previous month

If you are a self-employ:

  • A complete registration form
  • Certified government-stated ID containing your photos, such as PRC, a driving license, or passport
  • ITR for the previous two years
  • AFS for 2 years or more that have been audited
  • Registration of your company
  • Suppliers and customers list
  • The statement for your credit card from the previous month

How To Apply For RCBC Personal Loan?

If you have completed all of the previous eligibility and document requirements, you are now ready to apply for a personal loan from RCBC. You can find and download the application form on the bank’s main site. Otherwise, you can simply click on the following link: https://www.rcbc.com/Content/Forms/Personal%20Loan%20Brochure.pdf

How To Apply For RCBC Personal Loan?

Fill in the application form first!

What IS RCBC Personal Loan’s Interest rate?

RCBC offers a fixed interest rate for personal loans, which you can look for in detail in the table below:

FAQs

How Does The RCBC Personal Loan Calculator Work?

The calculator of the RCBC bank Personal Loan can calculate the expected cost of borrowing and monthly payment amount for clients. 

You just need to enter the amount of money you want to borrow; the tool will automatically give you the result of the monthly amortization for various tenors.

Is RCBC Personal Loan The Right One For Me?

RCBC is a top universal bank with branches and ATMs all over the country. This advantage makes the bank an excellent choice for anyone looking to open an account, credit card, or get loans because it speeds up the process of getting any product or service you need.

RCBC has been around since, so you can be sure of receiving excellent customer service and a unique collection of solutions that will surely meet most of your financing needs.

What Are RCBC Personal Loan’s Fees & Charges?

Conclusion

RCBC personal loans are available to help you with your financial needs with a variety of options and flexible payment plans, as well as competitive interest rates and other benefits.

Make sure to check out and satisfy the eligibility and document requirements before applying. We hope that you find this post helpful.

See also: Metrobank Personal Loan – What You Should Know

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