Guide on RCBC Salary Loan Features & Application
RCBC SALARY LOAN 2025 – You can check here an excellent access to extra fund that the Rizal Commercial Banking Corporation provides for the employees of its accredited companies.
Truth be told that among the individuals who are usually caught by a financial need are employees. Many workers are living from paycheck to paycheck and unexpected emergencies as well as huge life goals may require the need for an access to additional cash.
In the Philippines, there are trusted entities that want to help companies ensure that their employees have something to turn to in times of financial needs. One of these reputable entities is Rizal Commercial Banking Corporation or more popularly called RCBC.
The RCBC started operating in the country in 1960s. Initially then, it was operating as the Rizal Development Bank. Now, it has more than 450 branches across the nation. Thus, its offers are really accessible. Its offers include both personal and corporate financial products for the Filipino people.
The Rizal Commercial Banking Corporation offers different types of bank accounts, loans, credit cards, insurance policies, and investment products. With regards to the loan offers of the bank, aside from the personal loans which include the RCBC Personal Loan offer, the bank also has the RCBC Salary Loan. It is a non-collateral loan that is open for the employees of accredit companies.
This offer is multi-purpose. The employees of accredited companies may apply for it to meet medical emergencies, travel abroad, host an event, pay for school fees, etc. It does not only provides an access to funds for employees but as well as boosts the employee productivity and retention of the accredited companies. Here are the benefits:
For employers:
- more working capital
- better employee productivity and retention
- no Company Guarantee
For employees:
- instant access to cash funds
- affordable rate and flexible payment terms
- hassle-free repayment through salary deduction
How much you may borrow under the RCBC Salary Loan offer? Here is the range of the borrowing amounts allowed under the loan offer:
- Minimum Loanable Amount — Php 20,000
- Maximum Loanable Amount — Php 1 million
The loan is payable for 6, 12, 18, 24, 30, 36, 48 or 60 months. The bank assures that the interest rates are affordable. Are you interested to get your company accredited to the bank or to apply for the loan offer as an employee of an RCBC-accredited firm? It is best to check on the documentary requirements for the RCBC Salary Loan application.