RCBC loan calculator

RCBC loan calculator online in the Philippines in 2025. How to figure out the loan yourself? A handy tool that will show whether you can pay off a loan, help you choose lending with affordable payments.

Calculate the loan at RCBC
Interest rates are given in accordance with the rates of the RCBC in Manila as of 16.02.2025
Loan amount
i

Specify the desired loan amount

PHP
PHP
50000 ₱
1000000 ₱
Loan term
i

Specify the loan term for the calculation

months
days
6
36
Annual Percentage Rate
i

Choose the interest rate on the loan

15.6 %
16.08 %
Type of payments
i

Specify the type of payment for calculating

Fill out an application for a loan!
Fill out an application for a loan!

Take advantage of our loan selection system with a free credit rating check!

The Rizal Commercial Banking Corporation (RCBC) is a Filipino financial institution owned by The Yuchengco Group of Companies (YGC), one of Southeast Asia’s largest conglomerates with over 60 firms. The bank has a network of around 444 branches and 2,492 ATMs and ATM go units as of end-March 2022, which makes it one of the biggest private local banks in the Philippines regarding assets. The bank is certified by the Securities and Exchange Commission. RCBC has delivered various financial services to its clients since its inception in 1960, including retail and investment banking, a microfinance business, a foreign currency trading house, a leasing firm, and international remittance tie-ups. RCBC combined with its thrift subsidiary, RCBC Savings Bank, in 2019.

What is a Rizal Commercial Banking Corporation loan calculator?

RCBC loan calculators are online tools that assist you in calculating your monthly payments on various types of loans offered by the bank. The RCBC home loan, automobile loan, and personal loan calculators may also assist you in determining how much you can borrow depending on your salary and other criteria.

How does the Rizal Commercial Banking Corporation loan calculator work?

Whether you’re considering an RCBC personal loan for debt consolidation, a home loan, or an auto loan, you’ll most likely want to know how much your loan will cost over time. The RCBC loan calculator will assist you in understanding the expenses of borrowing money from a bank and how loan installments may fit into your budget. It considers your preferred loan amount, payback duration, and interest rate. You’ll be able to see an anticipated monthly payment and some additional information that will help you understand how your total loan finances may look.

Remember that the Rizal Commercial Banking Corporation loan payment calculator only provides an estimate based on the information you enter. Loan fees, such as prepayment, a penalty, processing fee, or origination charges, may raise your expenditures or lower your loan amount. The RCBC loan payment calculator also does not consider any other mortgage-related fees, such as homeowners insurance or property taxes, which may impact your monthly mortgage payment.

Here are further specifics on the information you’ll need to calculate your monthly loan payment.

Inputs

The input data and information required to estimate your monthly loan repayment are listed below:

Home selling price

This is the home’s selling or purchasing price. Begin by calculating the total purchase price of the home you want to buy. If you don’t have a specific property, you might play with other numbers to see how much you can spend. If you’re thinking of making an offer on the house, the calculator can help you figure out how much you can afford to give.

Fixing option

This can only be found in the RCBC home loan calculator. This determines your interest rate. It denotes the length of time you want your interest rate fixed. The shorter the term of the loan, the lower your interest rate. You can pick a fixed rate for as long as 20 years or as fast as one year.

Loan period

This is the period allotted to repay a debt. The longer the period, the smaller the monthly payment, but the higher the overall interest rate. The shorter the period, the greater your monthly payment and the lower the interest rate. You may experiment with this calculator section to balance affordable monthly payments and a shorter term.

Downpayment

This is the money you pay upfront to buy a house or a car, stated as a percentage of the total loan amount. Your interest rate may be affected by the amount of your down payment. RCBC typically offers lower rates if you make a more significant down payment. The bank would accept down payments as little as 20% and as high as 80%.

Car selling price

This is the amount you wish to borrow to purchase the automobile. If you want to make a down payment or trade-in, the tool will remove that amount from the car’s purchase price to calculate the loan amount.

Loan amount

The loan amount is money borrowed from a bank for personal loans. It is frequently different from the purchase price because the bank does not give 100% financing. It is also necessary to consider the loan-to-value ratio. This value is calculated by comparing the purchase price with the loan amount. RCBC personal loans include a minimum loan amount of ₱50,000 and a maximum loan amount of ₱1,000,000.

Outputs

When using the RCBC loan calculator, the following are the anticipated computed numbers or output, as well as what they mean:

Interest rate

The interest rates on RCBC loans are determined by various factors, including the number of fixed terms selected in the RCBC home loan. The shorter the fixed term chosen, the lower the interest rate. Furthermore, the rate may be affected by other criteria such as the customer’s credit history, the type of papers utilized, etc. The interest rates listed on the RCBC loan calculators represent the average interest rates issued by the bank. This may alter during the loan application process, but the amount mentioned will remain close to what is displayed in the calculator.

Monthly Payment

Monthly payment is a fixed repayment amount determined by RCBC to a lender on a specific day each calendar month. Monthly installments are utilized to pay the interest rate and the principal each month until the loan is paid off in full over a certain period. After entering all the essential information, such as your preferred loan amount, preferred loan duration, and interest rate, the monthly payment will be presented, indicating the amount you are likely to pay at the end of each month.

Downpayment

The calculator will convert the downpayment percentage you previously entered into figures. This will allow you to see the exact amount you are paying.

Total loan amount

The calculator will display your entire loan amount here. It subtracts your downpayment percentage from the selling price you entered earlier and presents the result in numbers so you can see your loan amount.

RCBC loan calculator formula

The mathematical formula the RCBC calculator uses for calculating monthly payments is:

M = [P x R x (1+R)^N]/[(1+R)^N -1] 

Where:

The RCBC loan calculators consider your loan principal, downpayment, interest rate, and payback term. Over the tenure of your loan, the total amount owed, including principal, interest, and fees, is paid out in equal installments. Although the duration of your term may vary, you should count on making 12 payments every year. The RCBC loan calculator you require is determined by the sort of loan you ask for.

Types of RCBC loan calculator

There are three different loan calculators on the RCBC website, they are:

Let’s look at them extensively:

RCBC home loan calculator

The RCBC home loan is meant for a Filipino citizen or dual citizen that is 21 years old upon loan application at most, 65 years old upon loan maturity for employed citizens, 21 years old upon loan application at most, 70 years old upon loan maturity for a self-employed Filipino citizen or dual citizen. They must have a minimum employment tenure of one year and a minimum gross monthly income of ₱40,000. Self-employed applicants must have a mobile, audited financial statements, office landline, a TIN, utility bill, etc. RCBC also offers free financial advice for customers who have an RCBC account.

RCBC provides a minimum loan amount of ₱300,000 for its home loan and up to 80% of the value of the property you choose as collateral. The bank will assess your financial ability to pay and your character as a borrower by obtaining your credit report from credit evaluation companies. You can purchase a lot, a home and lot, a townhouse, or a condominium unit with an RCBC home loan. You can renovate your current home, build a new home, and then repay the money you spent to pay for the property. RCBC Savings Bank also permits you to use this loan to pay off an existing mortgage if you believe it would provide you with financial relief.

The RCBC home loan calculator helps you know your loan terms like the total loan amount, the downpayment amount, the interest rate, and the monthly payment before you even apply for a loan. 

How it works

You may determine your monthly payment using their home loan calculator, or you can do it manually if you’re willing to do some arithmetic. Here is the conventional formula for manually calculating your monthly mortgage payment:

M = {P[(1+R)^(Nx12)]}/[(1+R)^(Nx12) -1]

Where: 

To calculate your monthly payment, you have to follow the steps below:

  1. Visit the RCBC website, hover your mouse on Personal, and then click on Home loans.

  2. Go down to locate the calculator under Calculate your loan.

  3. Input your selling price, the number of years you want your interest fixed, and then your loan term.

  4. Select your downpayment percentage.

  5. The tool will automatically show your total loan amount, your downpayment in digital form, the interest rate, and, most importantly, the monthly payment.

RCBC car loan calculator

The RCBC auto loan is meant for a Filipino citizen or dual citizen that is 21 years old upon loan application at most, 65 years old upon loan maturity for employed citizens, 21 years old upon loan application at most, 70 years old upon loan maturity for a self-employed Filipino citizen or dual citizen. They must have a minimum employment tenure of one year and a minimum gross monthly income of ₱40,000. Self-employed applicants must have a mobile, audited financial statements, office landline, a TIN, utility bill, etc.

The RCBC auto loan is widely accessible to clients in the Philippines, with low annual interest rates and variable loan quantities. Applicants can benefit from acquiring a new car or refinancing their present automobiles for cash with rapid loan installments. RCBC offers a minimum auto loan amount of ₱300,000, a maximum loan amount of 80%, and a payment duration of up to 60 months. Customers may choose low monthly amortization, flexible and worry-free insurance coverage for the entire loan tenure, free insurance coverage for the first year of their loan tenure, free chattel mortgage costs, and a low downpayment. The vehicle type might be either new or used.

How it works

You may use their auto loan calculator to estimate your monthly payment, or you can do it manually if you’re ready to do some arithmetic. The traditional formula for manually computing your monthly loan payment is as follows:

M = {P[(1+R)^N]}/[(1+R)^N -1]

Where: 

To calculate your monthly payment, you have to follow the steps below:

  1. Visit the RCBC website, hover your mouse on Personal, then click on Auto loans.

  2. Go down to locate the calculator under Calculate your loan.

  3. Input your selling price and your loan tenure.

  4. Select your downpayment percentage.

  5. The tool will automatically show your total loan amount, your downpayment in digital form, the interest rate, and, most importantly, the monthly payment.

RCBC personal loan calculator

The RCBC personal loan is meant for Filipino citizens or dual citizens that are 21 years old upon loan application at most 65 years old upon loan maturity. They must have a minimum employment tenure of one year and a minimum gross monthly income of ₱40,000. Self-employed applicants must have a mobile, audited financial statements, office landline, and a utility bill.

If you have immediate financial goals, you can acquire the assistance you want by applying for an RCBC personal loan. You can borrow up to ₱1 million to meet your short-term or long-term demands and repay it in customizable monthly installments.

You can borrow as little as ₱50,000 and as much as ₱1 million, and you will be authorized within 5 to 7 banking days. You may also pay 6, 12, 24, or 36 monthly installments. The loan has a competitive interest rate of as low as 1.3% and is perfect for vacation, home remodeling, tuition, and any other loan.

How it works

The RCBC personal loan calculator can determine the projected cost of borrowing and regular payment amount for customers. Input the amount of cash you want to borrow and the loan period you desire, and the tool will calculate the monthly amortization immediately and display the result. The traditional formula for manually computing your monthly loan payment is as follows:

M = [P x R x (1+R)^N]/[(1+R)^N -1] 

Where:

To calculate your monthly payment, you have to follow the steps below:

  1. Visit the RCBC website, hover your mouse on Personal, then click on Personal loans.

  2. Go down to locate the calculator under Calculate your loan.

  3. Input your loan amount and your loan tenure.

  4. The tool will automatically show your total loan amount, the interest rate, and, most importantly, the monthly payment.

What are the benefits of using an RCBC loan calculator?

Below are some of the benefits of using an RCBC loan calculator:

It can make calculations much easier.

It is critical to determine your monthly payment before completing any loan paperwork. If you are one of those clients ready to apply for an RCBC loan, enter the loan amount, interest rate, and loan tenure. The RCBC loan calculator will do the necessary calculations and promptly provide you with the monthly payment amount. The calculator will also let you know how much you are eligible to borrow.

It can be accessed at any time and anywhere.

The most excellent part about an RCBC loan calculator is that it can be used at any time and from any location. Depending on your needs, you can utilize the calculator an infinite number of times. That is far superior to going to the bank and performing complex mathematical computations that may drive you insane. Access the Internet at home and utilize the RCBC loan calculator if it’s not too much to ask.

It can make the loan process less time-consuming.

Manual calculations used to determine the details of your loan amount and interest rates are time-consuming. Every step would test your patience. Instead, choose an RCBC loan calculator because it works efficiently and quickly, delivering answers in the blink of an eye. Loan planning necessitates accurate calculations, so you can’t go wrong with the figures. Every time, an RCBC loan calculator produces the proper answer.

Functions of RCBC loan calculators 

The calculator is relatively simple to use. However, describing the following functions, you may encounter when using it is crucial.

Selling price

This is the car's or home’s selling or purchasing price in the RCBC car or house loan calculator. You must start by calculating the total purchase price of the vehicle or home you want. If you don’t have a specific property, you might play with other numbers to see how much you can spend. If you’re thinking of making an offer on the house, the calculator can help you figure out how much you can afford to give.

Fixing option

As stated earlier, this can only be found in the RCBC home loan calculator. This determines your interest rate. It denotes the length of time you want your interest rate fixed. The shorter the term, the lower your interest rate. You can pick a fixed rate for as long as twenty years or as fast as one year.

Monthly payment

This is the reason for having an RCBC loan calculator. The monthly payment, as stated earlier, is a fixed repayment amount determined by RCBC to a lender on a specific day each calendar month. Monthly installments are utilized to pay the interest rate and the principal each month until the loan is paid off in full over a certain period. After entering all the essential information, such as your preferred loan amount, preferred loan duration, and interest rate, the monthly payment will be presented, indicating the amount you are likely to pay at the end of each month.

Total loan amount

The calculator will display your entire loan amount here. It subtracts your downpayment percentage from the selling price you entered earlier and presents the result in numbers so you can see your loan amount.

Example of calculations using an RCBC loan calculator

Example 1: Assuming a Filipino is interested in an RCBC personal loan. Their preferred loan amount is ₱800,000, and they want to take this loan for up to 36 months. Before the loan application, they checked and confirmed that they had passed the minimum gross monthly income eligibility. Let’s use the RCBC personal loan calculator and fix their details to see their likely monthly payment amount.

If we key in the above inputs into an RCBC personal loan calculator, we will get the following output:

Example 2: Mrs. Z wants a new car, but her money is not complete. She has resorted to taking an RCBC auto loan to cover part of the car purchase. The price of the car is ₱1.4m, she wants to take an auto loan with a term up to 60 months, and her downpayment is 60% of the purchase. Before a formal loan application, she wants to be sure about her loan details.

If we key in the above inputs into an RCBC auto loan calculator, we will get the following output:

How to perform complex calculations using an RCBC loan calculator

Assuming Mr. P is interested in using an RCBC home loan to fund the purchase of his new home with the following details: 

Inputting these in an RCBC loan calculator, we’ll have: