WebClick Tracer

April 12, 2024

Simplify borrowing with RCBC Salary Loan NOW

Rizal Commercial Banking Corp. (RCBC) reaffirmed its commitment to empowering individuals financially through the introduction of its latest flexible digital loan solution, RCBC Salary Loan NOW.

Exclusive to RCBC payroll customers via RCBC Pulz, RCBC Salary Loan NOW offers eligible clients the opportunity to borrow up to P100,000, with a repayment period of up to 12 months.

The application process for RCBC Salary Loan NOW is streamlined, taking only a few seconds, with loan proceeds promptly credited to the employee’s RCBC payroll account upon approval.

In a statement, Arniel Vincent Ong, Head of RCBC Credit Cards and Personal Loans, emphasized the bank’s objective of redirecting borrowing activities from informal sources, such as ATM sangla, to RCBC, providing a more reliable financial channel and sparing individuals from exorbitant rates charged by loan sharks.

Building upon its digital loan portfolio, RCBC had previously introduced RCBC Payday NOW in 2023, enabling payroll customers to access up to 40 percent of their monthly salaries through RCBC Pulz. This service ensures real-time fund disbursement and automatic repayment within two paydays or a maximum of 45 days.

RCBC’s Salary Loan NOW is accessible to employees of payroll companies with RCBC accounts, further extending the bank’s digital lending services to its customer base.