RCBC Salary Loan
Give your employees the financial boost they need with RCBC Salary Loan!
Give your employees the financial boost they need with RCBC Salary Loan!
Partner with RCBC to unlock exclusive salary loan benefits that support your employees' financial well-being while driving workplace productivity
Help employees manage financial needs with less stress so they stay focused at work.
Loan payments are automatically deducted seamlessly straight from payroll.
Your organization is not required to act as a financial guarantor.
Send an email application directly to our team, subject to evaluation and processing.
A non-collateral, multi-purpose credit line designed for employees to borrow for personal needs—made easy through your employer's payroll system.
Get cash of up to 6x of your monthly salary or up to ₱2,000,000.
Enjoy flexible payment terms paired at affordable rates.
Apply conveniently through your employer’s designated HR personnel.
Submit the accomplished RCBC Salary Loan form* and required documents to your designated HR officer.
*The application form is available at your company's HR office, or you may download it here.
Once approved, RCBC Bankard Services Corporation (RBSC) will inform you of the approved loan amount.
Upon your confirmation, loan proceeds will be credited straight to your nominated bank account.
In the instance that the repayment agreement is through ADA, 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 or 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 CLIENT’s 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 Salary Loan from CLIENT’s 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.
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:
IMPORTANT NOTICE
The borrower has a right to demand a copy of the disclosure statement on credit evaluation.
