Fast-track your goals with RCBC Personal Loan!

We'll provide the push you need to achieve your goals.

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Get an RCBC Personal Loan for your home improvement, dream travel, education, or emergency expenses.

Borrow up to ₱5,000,000 at low-interest rates.

Enjoy flexible payment terms
from 6 to up to 60 months.

Low interest rates

*Rates are indicative and subject to prevailing market rate.


Eligibility Requirements

For Locally Employed Applicants

  • ✓ Must be at least 21 years old upon application and at most 70 years old upon loan maturity
  • ✓ With permanent employment status
  • ✓ With a gross monthly income of at least ₱15,000 (with Credit History) or ₱25,000 (New-to-Credit)

For Self-Employed Applicants

  • ✓ Must be at least 21 years old upon application and at most 70 years old upon loan maturity
  • ✓ Business profitably operating for at least 2 years
  • ✓ Should be Carded or with Credit History

Required Documents

  • • Signed application form with complete mandatory information
  • • A copy of one (1) valid government-issued ID (e.g., UMID, Passport, Driver's License)
  • • A copy of any proof of income:

Proof of Income Requirements:

For Employed Applicants (Any of the following):

Latest Income Tax Return (ITR) with BIR stamp/Form 2316, OR Certificate of Employment and Income, OR Latest 1-Month Payslip

For Self-Employed Applicants:
  1. Latest Income Tax Return (ITR) and latest Audited Financial Statements (AFS) with BIR Stamp
    • Sole Proprietorship: DTI or Mayor's Permit
    • Partnership: Articles of Partnership, Certification of SEC Registration, and General Information Sheet (GIS), if applicable
    • Corporation: Articles of Incorporation and By-Laws, Certificate of SEC Registration, and General Information Sheet (GIS)
    • Other Bank Statement of Account
  2. Credit Card Statement of Account or Promissory Note
  3. 3 months latest bank statement

Visit any RCBC branch to apply.

Terms & Conditions

  1. RCBC Personal Loan is a multi-purpose financing facility for personal consumption (examples: school-related expenses, travel, car repair, home improvements, debt consolidations) that may be availed only by individuals that meet the eligibility requirements, loan qualifications, have submitted an application form and required documents as may be necessary, and have been approved based on credit evaluation.
  2. Application
    1. CLIENT acknowledges that RCBC reserves the right to approve or reject applications for Personal Loans and has no obligation to disclose reasons for the rejection or disapproval of the Personal Loan application. Further, RCBC has the sole discretion to approve only a portion of the amount applied for.
    2. CLIENT confirms that all information in this application is correct and complete. CLIENT shall notify RCBC of any change affecting the information and documents provided by CLIENT. Should any of the information provided and documents submitted prove to be false, RCBC may terminate any loan or accommodation and shall have the right to demand immediate payment of loan obligation.
    3. CLIENT agrees and authorizes RCBC to obtain and verify such information and perform all necessary background checks (including credit scoring and investigation) as RCBC may require concerning the statements made in this application and that the sources from which RCBC may apply for such information are hereby authorized to provide RCBC the same. 
    4. CLIENT agrees to waive, to the extent allowed by law, the confidentiality of his/her personal data regarding his/her bank accounts, deposits and other credit information in order to ascertain my eligibility to avail credit.
  3. Interest, Fees and Charges
    1. CLIENT agrees to pay the fees as broken down below:
      1. A processing fee will be charged and deducted against the loan amount and will be netted out of the loan proceeds.
      2. Documentary Stamps of 0.75% of the loan amounts higher than Php250,000 shall be charged and deducted against the loan amount and will be netted out of the loan proceeds. 
    2. CLIENT agrees to pay administration fee/ pre-termination fee, as may be applicable, should he/she decide to pre-terminate or pay his/her Personal Loan in full before maturity. 
  4. Cash Disbursement, Payment, and Default
    1. CLIENT agrees that the proceeds of the approved loan will first be applied to his/her existing personal loan with RCBC, if any, as payment. The remaining loan proceeds will be credited to his/her nominated bank account or in his/her payroll Account as may be applicable. 
    2. CLIENT agrees that he/she shall be liable to RCBC for the approved loan amount and the charges due thereon such as late penalty fees in accordance with the Disclosure Statement, Amortization Schedule and other related Personal Loan documents.
    3. CLIENT understands further that fees are based on the prevailing rates and may vary per borrower. In addition, fees will be deducted upfront from the loan amount to be availed, resulting in a credited amount net of fees.

    4. CLIENT authorizes RCBC to collect payments through automatic debit arrangement (ADA) based on the signed Personal Loan application form. CLIENT may also opt to enroll at a later time through any means deemed acceptable by RCBC.
      In connection thereto, CLIENT agrees that: (i) RCBC shall automatically charge/debit, without need of any further act from him/her, the due amount (“Debit Amount”) on the due dates stated in the disclosure statement and/or amortization schedule or on the next/nearest working day thereto if the due date falls on a holiday, weekend or on a date when certain maintenance activities are being performed on the debiting system then on the next/nearest working day when the debiting system is properly functioning (“Debit Date”) from his/her designated deposit account as indicated in his/her application form (“Debit Account”), which will be applied to the payment of his/her loan; (ii) if the funds in my Debit Account are insufficient to cover the due amount on a Debit Date, RCBC shall cancel the debiting of the Debit Amount; (iii) RCBC may debit additional amounts as may be necessary as payment for past due amounts (iv) in case of his/her death, RCBC may charge the Debit Amount to the Debit Account, regardless of the Debit Date and without prejudice to RCBC’s right to recover the full amount of his/her obligations on the Personal Loan from his/her estate and/or heirs, successors or assigns; (v) his/her request for ADA enrollment and any future request for disenrollment shall be subject to RCBC’s prior consent and confirmation; and (vi) the Debit Account and all debits authorized in his/her ADA enrollment are further governed by RCBC’s applicable terms and conditions, policies, and procedures, his/her consent to which is hereby affirmed.
      RCBC has no obligation to debit CLIENT’s Debit Account if the outstanding balance thereon is insufficient, unavailable, or has not been cleared, in which case he/she shall be liable to pay the penalty charge on all overdue amounts.
      CLIENT hereby agrees to indemnify and hold RCBC its directors, officers and representatives, free and harmless from any claims, liability and/or damage arising out or of in connection with the exercise of the authority granted under the ADA.

    5. CLIENT understand that payments made to his/her Personal Loan account shall be applied in the following order:
      1. Late penalty fee, as may be applicable
      2. Interest charge, as may be applicable
      3. Principal balance/ due payments/due monthly transactions, as may be applicable. 
    6. In case of CLIENT’s failure to pay when due and payable, any sum which he/she is obliged to pay under this Personal Loan and/or any other obligation which he/she may now or in the future owe to the holder of this Personal Loan or to any other party, whether as principal, surety, or guarantor, or in the event of death or dissolution (in case of corporation), bankruptcy, insolvency, receivership, levy or execution, garnishment or attachment, or in case of conviction for a criminal offense by final judgment carrying with it the penalty of civil interdiction, affecting all or any one of us, or in any of the cases enumerated in Article 1198 of the Civil Code of the Philippines:
      1. CLIENT understands that the entire unpaid obligation (including unbilled balances) and all other fees and amounts payable under this Agreement shall become immediately due and payable without demand, presentment, dishonor, protest or further notice of any kind, all of which he/she hereby expressly and willingly waive.
      2. CLIENT agrees to pay late penalty fees as applicable. 
      3. If RCBC needs to refer the case to a collection agency or through an Attorney-at-Law, he/she shall be liable to pay the amounts due as listed in the applicable Loan documents and the actual expenses of collection and costs of suit.
      4. In the event that the CLIENT’s account shall be referred to a collection agency or an attorney-at-law for collection, the CLIENT acknowledges that RCBC shall notify him/her in writing of the endorsement of the collection of his/her account, or the endorsement of the collection of his/her account to a collection agency or attorney prior to actual endorsement. The notification shall include the full name of the collection agency and its contact details to which the account will be offset.
  5. In case of any changes in the crediting of loan proceeds RCBC reserves the right to change the crediting option of CLIENT’s application.
  6. CLIENT understands and agrees that these terms and conditions are supplemental to and to be bound by RCBC’s omnibus general terms and conditions which can be found in RCBC Credit’s website. In case of conflict between these terms and conditions and the omnibus terms and conditions, these terms and conditions will govern with respect to the availment of Personal Loans.

Enhanced Implementation of the Truth in Lending Act (Republic Act 3765)

The State protects its citizens from a lack of awareness of the true cost of credit to the customer by assuring a full disclosure of such cost and other terms and conditions with a view of preventing the uninformed use of credit.

As such, a disclosure statement is a required attachment to the loan contract. It shall include, at a minimum, the following information:

  1. Total amount to be financed
  2. Finance Charges and all others charges incident to the loan
  3. Net proceeds of the loan
  4. Schedule of Payments
  5. The percentage that the finance charge bears to the total amount to be financed expressed as Effective Interest Rate (EIR)

IMPORTANT NOTICE
The borrower has a right to demand a copy of the disclosure statement on credit evaluation.


Downloadable Form
Download the RCBC Personal Loan Application Form here.