RCBC

The Rizal Commercial Banking Corporation (RCBC) (Chinese: 中華 銀行; peveji: Tiong-Hoa Gin-Hang) was established in 1960 as a development bank and is licensed by the Central Bank of the Philippines (BSP) for commercial and investment banking. This is one of the largest universal banks in the Philippines with total consolidated resources in the amount of […]

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Rizal Commercial Banking Corporation https://upfinance.com/app/uploads/2019/07/rcbc.jpg
Yuchengco Tower, RCBC Plaza 6819 Ayala Avenue, Makati City 0727 Philippines
632 877 RCBC (877 7222) Contact service, customercare@rcbc.com
Interest rate 0.8% - 2.25%
Loan tenure from 6 to 240 months
Approval duration Up to 120 hours
Min. monthly income

The Rizal Commercial Banking Corporation (RCBC) (Chinese: 中華 銀行; peveji: Tiong-Hoa Gin-Hang) was established in 1960 as a development bank and is licensed by the Central Bank of the Philippines (BSP) for commercial and investment banking.

This is one of the largest universal banks in the Philippines with total consolidated resources in the amount of 645 billion Php at the end of 2018. The RCBC is the majority owner of the Yuchengco Group of Companies (YGC), one of the oldest and largest conglomerates in Southeast Asia, covering more than 60 companies, including non-life insurance, Malayan Insurance, a joint venture for life insurance with Sun Life.

The Financial Philippines, the SunLifeGREPA Financial, Inc.; construction company EEI Corp .; educational institutions; and car showrooms. Other significant investors of the bank are the World Bank International Finance Corporation and Cathay Life Insurance Co., Ltd., a wholly owned subsidiary of Cathay Financial Holding., Ltd., the largest public listed holding company in Taiwan.

The RCBC opened for business as a small development bank in 1960, and then expanded rapidly to become the preferred banker for a wide range of markets: the Philippine-Chinese market, the corporate market, locators in export processing zones, the average market, and the consumer / retail market.In 1964, RCBC noted its presence in the Philippine-Chinese business community, opening its first branch in Binondo. In 1967, this foothold was strengthened when Ambassador Alfonso T. Yuchengko, founder of the Yuchengco group of companies (YGC), became chairman of the board of directors.

Thanks to its strong ties with the Philippine-Chinese business community and the bank’s reputation in servicing this market, the Philippine-Chinese market remains one of the bank’s main market niches.

Leading

Helen Yuchengco-Dee, (Chairwoman) Cesar Virata, (Vice Chairman) Gil A. Buenaventura, (President and CEO) Eugene S. Acevedo, (Deputy CEO)

Head Office

Credit

Home loans

Exclusive for Premier and Advance banking depositors only
Interest rate repricing period:  1 year 9.65% 2 years 10.18% 3-4 years 10.4% 5 years 10.55%
Minimum loan amount: 300 000 PHP
Maximum loan amount: Up to 80% of the appraised value
Payment terms: 1-20 years
Approval time: 5 banking days

Auto loan

Rates:  10.7% per annum
Minimum loan amount: : Brand new: 300 000 PHP
Second hand: 200 000 PHP
Maximum loan amount: Brand new: up to 80% of purchase price
Second hand: up to 70% of appraised value
Payment terms: Brand New: 12 to 60 months
Approval time: 1 banking day
Down payment: Brand new: 20% of the purchase price
Second hand: 30% of the purchase price

Personal loan

Rates:  6 months 26% 12-36 months 27%
Minimum loan amount: : 50 000 PHP
Maximum loan amount: 1 000 000 PHP
Payment terms: 6-36 months
Approval time: within 5 banking days

Who is eligible for a MyCash loan?

  1. The current owner of credit cards issued in the Philippines for at least 2 years
  2. With own (2 years) or rented (3 years) place of residence
  3. A maximum of 65 years if he is working, or 70 years if he is self-employed at the end of the loan period

If it works:

  • At least
  • middle managers
  • Work at least 2 years
  • The employer is among the 10,000 best corporations or a legitimate company operating for at least 5 years.
  • The business must work at least 3 years

If self-employed:

  • The business must work at least 5 years
  • Profitable for the last 2 years

Deposited

For customers there is the possibility of opening a savings account:

Fixed deposit
On a regular basis, the minimum amount is 5,000 pesos, the minimum period is 30 days, the interest is adjustable (up to 2.5%)The contribution in US dollars, the minimum amount of $ 1,000, a minimum period of 30 days, interest – adjustable.

Debet Card

Cashless convenience with RCBC MyDebit Mastercard

RCC MyDebit Mastercard, from everyday essentials to a lifelong dream, can help you uncover what you need to live a full life. Make cashless transactions using your card for purchases in the store or on the Internet, as well as enjoy exclusive privileges and discounts when using it in the partner store.

Business loan

For small businesses, a loan is provided for the following conditions:

  • Minimum loan amount: 50,000 Php.
  • Maximum loan amount: 1,000,000 Php (depending on the borrower’s solvency)
  • Minimum term: 6 months
  • Maximum term: 36 months

Who is eligible for a MyCash loan?

  • The current owner of credit cards issued in the Philippines for at least 2 years
  • With own (2 years) or rented (3 years) place of residence
  • A maximum of 65 years if he is working, or 70 years if he is self-employed at the end of the loan period

If it works:

  • At least middle managers
  • Work at least 2 years
  • The employer is among the 10,000 best corporations or a legitimate company operating for at least 5 years.
  • The business must work at least 3 years

If self-employed:

  • The business must work at least 5 years
  • Profitable for the last 2 years

Contacts

Full company name Rizal Commercial Banking Corporation
Address Yuchengco Tower, RCBC Plaza 6819 Ayala Avenue, Makati City 0727 Philippines
Phone number 632 877 RCBC (877 7222) Contact service
E-mail customercare@rcbc.com
Social networks

User rating

Reviews

4 months ago

Most Easy Loan Policies

For me, this was so simple. I was approved quickly, no excess paperwork required, and the payment was very manageable. I am already 1 year ahead on payments for this 4 year loan. Discover has great customer service every time I deal with them

4 months ago

Good enterest rates

have poor credit with recent delinquency and charge off, other companies have denied me. The other one that approved me was payday loan asking for very good interest rate.. I went to RCBC and saw I can apply without it hurting my credit and got pre-approval within 5 minutes. Application was easy and they saved me so much on interest.