Rizal Commercial Banking Corp. (RCBC) Bankard has two types of loans: Digital loan and YourCash.

Types of loans

• Digital Loan. The Digital Loan is a cash credit facility that has been so successful in meeting Filipinos' needs that it was named Outstanding in the Digital CX - Loans category at the recent Digital CX Awards 2022. You will get an offer via SMS or email when you apply for the Cash Loan. If your application is approved, you can convert any unused 90% credit limit between ₱10,000 and ₱500,000. You then pay in convenient installments over a maximum of 60 months. Then, within 2-3 business days, your loan will be credited to your designated bank account.
• YourCash. You can get extra cash on top of your credit limit with a YourCash loan. If you receive a YourCash offer via SMS or email, you will receive ₱20,000, but not more than ₱500,000, and repay it for up to 60 months. This credit facility, however, does not accept UnionPay, Corporate accounts, Dollar accounts, Secured and Virtual Cards. Yuchengco Group of Companies (YGC) employees, which own most of RCBC, are also ineligible to apply for YourCash.

How to apply for an RCBC Bankard loan?

To apply for an RCBC Bankard loan, you need to do the following:

1. Log into the RCBC digital app or RCBC Online.
2. Input your Cash Loan Amount and preferred Term.
3. Wait as the rate, EIR, and monthly amortization is calculated and displayed in real-time.
4. Verify your Card and select the mode of disbursement.
5. Enter your One-Time Password (OTP) sent to your registered mobile number.
6. Wait for the funds to reflect in your account.

Requirements for an RCBC Bankard loan

To qualify for the RCBC Bankard loans, you must meet the following requirements:

Eligibility

To be qualified for an RCBC Bankard loan from Robinsons Bank, you must meet the basic credit cardholder requirements.

• Be at least 21 years old and no older than 65 when the loan matures.
• Be a Filipino citizen or resident who has lived in the Philippines for at least two years.

General requirements

• UMID
• Passport
• Driver's license

For employed workers

• Your most recent pay stub displaying your monthly salary.
• Your original certificate of employment (COE)with income details for the previous six months.
• Your most recent bank statements indicating your salary.

For self-employed individuals or professionals

• W2 with BIR or most recent ITR with bank stamp.
• The most recent audited financial statements with a bank stamp or BIR.
• Documents for business registration, such as a DTI or a Mayor's permit.
• PRC identification for professionals.
• Your most recent bank statements displaying your cash credit or sales receipts for the month.

Pros and cons

RCBC Bankard loans enable you to borrow money quickly using your credit card. You can pay off some of your bills or purchase items with the funds you receive. However, the loans have drawbacks, such as fees, that you should consider before applying.

Pros

• You do not have to deal with paperwork because everything is done online.
• You can apply for a loan from the convenience of your home, saving you the trouble of going to the bank.
• You can easily manage your payments and receive notifications when a payment is due.

Cons

• You cannot withdraw your cash loan application once it has been approved.
• You will be charged a one-time processing fee of ₱250 if you choose RCBC bank deposit as your preferred cash disbursement method. If you provide an incorrect deposit account number, you will be charged a reprocessing fee of ₱150.
• You will receive no benefits from the cash loan and its monthly amortizations.

How to repay RCBC Bankard loan?

You can repay your RCBC Bankard loan via the Digital app or online.

RCBC Digital app

1. Open the app and login into your account.

2. From the menu, select BILLS PAYMENT.

3. Click PAY BILL.

4. Select RCBC Bankard Loan.

5. Enter the necessary information.

6. Select PAY NOW.

7. Review all details before pressing the PROCEED button.

8. Enter the OTP sent to your registered mobile number.

9. Click SUBMIT to complete your transaction.

RCBC Online

1. Log on to RCBC Online Banking.

2. Click PAY BILL.

3. Choose RCBC Bankard Loan.

4. Fill in the blanks with the necessary information.

5. Click SUBMIT.

6. Enter the OTP that was sent to your registered mobile number.

7. To confirm your transaction, click SUBMIT.