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RCBC Savings Bank Personal Loan

If you need extra financial advice along with your loan, RCBC’s personal loan may be the one for you.

  • icon Interest Rate
    Interest rate (p.a.)
    15.60% - 15.60%
  • icon Min. monthly income
    Loan Tenure
    0.5 - 3 years
  • icon Min. monthly income
    Approval Duration
    Up to 5-7 banking days
  • icon Min. monthly income
    Min. monthly income
    ₱ 20,000

Loan Calculator

icon New Base Rate Loan Calculator

Monthly salary 20000
Interest Rate
You Pay
Total Interest Payable
Total Amount Payable

Whats so great about RCBC Savings Bank Personal Loan?

  • Free financial advice from RCBC’s experts.

  • Borrow any amount from ₱50,000 to ₱1,000,000.

  • Loan tenor from 6 to 36 months.

Product Features

Min. Financing Amount ₱50,000.00
Max. Financing Amount Up to ₱1,000,000.00
Min. Loan Tenure 6 months
Max. Loan Tenure 3 years
Interest Rate Fixed rate of 16.08% per annum, 1.40% per month add-on
Approval Duration Up to 5-7 banking days
Debt Consolidation No

Fee & Charges

One time set up
Processing Fee ₱1,500.00 for approved loan of ₱150,000.00 or 1% of approved loan amount for above ₱150,000.00
Stamp Duty ₱1.00 for every ₱200.00 in excess of ₱250,000.00 of the loan amount
Disbursement & misc. fee N/A
Early Settlement None if you have informed the bank one month ahead.
Late Payment Charges 5.00% p.a. on any balance outstanding


Age requirement Age 21 - 65
Employment eligibility At least ₱20,000.00 monthly income
Min. salary requirement ₱20,000 gross per month
Guarantor / Collateral requirement No

Other Requirements

Need to open linked bank account? Yes
Other details Method of Payment - Cash, Online banking, Check or ATM Transfers

Review by iMoney

RCBC is majority owned by the Yuchengco Group of Companies (YGC) which is one of the oldest and largest conglomerates in South East Asia. With more than half a century of experience under their belt, RCBC has expanded their reach and is now considered as one of the largest private domestic banks with a wide network of branches and ATMs nationwide. Only recently, RCBC Savings Bank has now merged with RCBC. For your immediate funding requirements, RCBC offers a non-collateral, personal loan that you can avail if you have a gross income of ₱20,000 per month. There are no guarantor or PDC’s required. Borrow loan amounts ranging from ₱50,000 up to ₱1,000,000 with a fixed rate of 16.08% per annum. The borrowed amount can be repaid in as short as 6 months up to a maximum of 3 years. The entire loan application process takes about 5 - 7 banking days including the disbursement of funds.

Advantages Of Applying With RCBC Personal Loan

  • Competitive interest based on market rates.
  • Flexible repayment of borrowed funds.
  • Relatively fast application and approval process.
  • Large, reputable, and competent domestic universal bank.

View the rest of the information on this page and check the product details and eligibility requirements to determine if this is your preferred option.

RCBC Personal Loan FAQ

How do I apply for RCBC Personal Loan online?

You can apply for RCBC Personal Loan online by filling out our online application form. Once successful, expect to receive a call from our friendly Customer Care Agent to assist with the process.

How much can I borrow?

With an RCBC Personal Loan, you can borrow starting from ₱50,000 to as much as ₱1,000,000, subject to approval.

What are the RCBC Bank Personal Loan Requirements?

An applicant must fulfill RCBC Bank’s eligibility criteria to apply for a loan:

  • Current credit card member with minimum of 2 years membership.
  • With owned (2 years) or rented (3 years) residence.
  • At most 65 years old if employed or 70 years old if self-employed upon loan maturity.
  • If employed:
    • Filipino Citizen or Dual Citizen.
    • At least 21 years old upon loan application and 65 at most 65 years old upon loan maturity.
    • Must have a mobile number, residence landline, or office landline.
    • Must be locally employed at a company registered with Securities and Exchange Commission (SEC).
    • With a minimum employment tenure of 2 years and minimum gross monthly income of ₱30,000
  • If self-employed:
    • Filipino Citizen.
    • At least 21 years old upon loan application and at most 65 years old upon loan maturity.
    • Must have a mobile number, residence landline or office landline.
    • With business operating in the Philippines for at least 3 years and profitable for the past 2 years, and minimum gross monthly income of ₱100,000.

Consequently, after filling out an application form, the following documents are necessary:

Fully Employed applicants need:

  • Accomplished Application Form.
  • Certificate of Employment or Latest ITR or Payslip for the past 1 month.
  • 2 Valid Government IDs.

Self-Employed applicants need:

  • Accomplished Application Form.
  • Business Papers (DTI, SEC, Mayor's Permit, etc.).
  • Latest Audited Financial Statement or ITR or latest 3-month Bank Statements.
  • 2 Valid Government IDs.

*Additional documents may be required during credit evaluation.

What are the terms and conditions of this financing?

For RCBC Personal Loan, you can apply for a loan amount that is payable for 6 to 36 months with an interest rate of 16.08% per annum, 1.40% per month add-on.

How does the RCBC Personal Loan Calculator work?

The RCBC Personal Loan calculator computes the estimated cost of borrowing and amount of payment per instalment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.

How fast is RCBC Personal Loan processing time?

RCBC Personal Loan processing may take at least 5-7 business days to be approved.

How do I know my RCBC personal loan status?

You can request a call from a RCBC representative by simply filling up this form.

What are the modes of payment?

You can pay your loan via Cash, Online banking, Check or ATM Transfers.

How do I claim my RCBC personal loan proceeds?

Once approved, your loan amount will be credited to your RCBC account.

Is RCBC Personal Loan the right one for me?

As a large domestic bank, and one of the top universal banks in the country, RCBC’s vast nationwide reach with its network of branches and ATMs is one of the biggest advantages to consider if you choose to avail their services. Having a nearby branch just around the corner is a definite advantage as this will expedite the process of availing any service or product you require. Backed with decades of experience, you are confident to receive quality customer support and a specialized set of products that will undoubtedly fit the majority of your financial requirements. If these are the qualities you are looking for in a partner bank, then the RCBC Personal Loan is what you need for immediate funds.

You still have other personal loan options available from different banks in the Philippines, see below:
BPI Personal Loan

Whatever the purpose, BPI Personal Loan can assist you with your need for additonal funds. With low monthly add-on rate of 1.2%, you can borrow any amount from ₱20,000 to ₱1,000,000 with a convenient payment plan of 1-3 years. To be eligible, you must have a minimum gross income per month of ₱25,000 and at least 21-60 years of age upon loan maturity.

UCPB YES Personal Loan

If you need immediate funds for an emergency with easy payment terms, UCPB YES Personal Loan might just be right for you. With loanable amount that ranges from ₱50,000 up to ₱300,000, you can enjoy flexible payment schemes from 1-3 years. Interest rate is also competitive at 18% per annum. You have to be at least 23 years of age and not more than 65 years old upon loan maturity with a minimum gross monthly income of ₱30,000 in order to apply.

Eastwest Bank Personal Loan

Urgent cash needs can get complicated but EastWest Bank Personal Loan offers a quick and easy solution for your problem. With a low gross monthly income requirement of just ₱15,000, you can borrow from ₱25,000 up to ₱2,000,000 with flexible payment terms of 1-3 years. Add-on interest rate is also competitive at 1.49% per month. To apply, you have to be 21-65 years old upon loan maturity.

Our team would like to help further in your search by providing an entire list of Salary Loans shown on our website to assist you in getting the right one for your needs.