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SALARY LOAN
APPLICATION FORM
Unlock cash fast when you need it Documentary Requirements:
1. Completely filled out and signed Salary Loan Application Form
the most with RCBC Salary Loan! 2. Proof of income
3. Copy of 1 valid ID
► Borrow up to Php2M
4. For Project Hires, copy of the employment contract with the following details:
► Flexible Terms at Low Interest Rates Start Date and End Date of the Contract
► Hassle-free Payments via Salary Deduction • Monthly Income
YOUR SALARY LOAN INFORMATION
Loan Amount Loan Tenor Loan Purpose
D 3 months D 12 months □ 36 months D Home Improvement D Travel Medical □
D 6 months D 18 months □ 48 months D Education D Purchase of Vehicle/Auto Repair D Personal Consumption
D 9 months D 24 months □ 60 months D Debt Consolidation D Purchase of Other Assets D Additional Funds
I authorize RCBC/RCBC Bankard Services Corporation (RBSC) to release my loan proceeds to the following bank account:
□ Credit loan proceeds to my RCBC Savings/Checking Account □ Deposit loan proceeds to my account with OTHER BANK
Account Number: Name of Bank:
Account Name:
Account Number:
I confirm that the nominated bank account details appearing on the form are true and correct. Successful credit to the bank account I provided shall be construed as delivery
of money to me. RCBC/RBSC has no obligation to verify the bank account details and will not be liable for any other erroneous transaction arising out of the bank information I
provided.
In the event that the loan proceeds are credited to another person's bank account using the information appearing on the form, I will remain liable for the payment of the loan.
Nationality Place of Birth (City/Province, Country)
D Filipino □ Others/ACR#_ _ _ _ _ _ _ _ _ _ _ _
_
Present Address Permanent Address You may leave this blank if it is the same as your present address.
Unit/Floor House/Building Name Street # & Na me Unit/Floor House/Building Name Street # & Na me
Subdivision Brgy/ District Subdivision Brgy/ District
City ZIP Code City ZIP Code
Sex Please select one and indicate your ID# Home Phone No. Mobile No. Email Address
□ Male □ TIN_ _ _ _ _ _ _
_ □ sss_ _ _ _ _ _ _ _
_
D Female □ GSIS_ _ _ _ _ _
_
YOUR EMPLOYMENT INFORMATION
Company Name Company Address
Unit/Floor House/Building Name Street # & Na me
Office Phone No. Subdivision Brgy/ District
Total Number of Years/Months Working
City ZIP Code
EMPLOYMENT CERTIFICATE & AU THORIZATION TO DEDUCT & REMIT PAYMENT
I hereby certify that: Recommended Loan Amount and Tenor
1.) The above applicant is an employee of our company.
2.) Applicant is of good moral character with good record in paying
loan obligations.
3.) The signature appearing thereon are genuine. ASSIGNMENT OF SALAR Y & AUTHORIZATION TO DEDUCT AND REMIT PAYMENT
4.) Applicant has no pending/existing administrative case.
Subject to the approval and availment of my loan with RCBC ("Bank"), I hereby assign in
5.) Applicant has no pending application for resignation.
favor of said Bank the amount stipulated in the Promissory Note as my monthly
6.) Applicant is not due for retirement within the term of the loan. amortization on the aforementioned loan, from my monthly salary and other
remuneration. I hereby authorize my employer to deduct said amount from my salary and
The following are additional information:
remit the same to the Bank on the agreed due date and every month thereafter, without
Years/Months with Present Company/Business need of demand, until the entire obligation is fully paid. It is also understood that upon my
resignation, dismissal of separation from service for any reason or absence without leave
Employment Status
for more than one week, the whole amount of the loan shall be due and demandable. In
Present Position this event, I authorize my employer to retain any and all amounts due me as termination,
Rank & File / Officer separation or gratuity pay or compensation of whatever nature to the extent of my
outstanding obligation and remit the same to the Bank. For the purpose of updating my
Monthly Income account with the Bank, I authorize my employer to deduct such amount as may be
Less: Deductions needed to update said account upon notification by the Bank.
Average Overtime
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Commission s ¾:ti
Monthly Cash Benefits Borrower's Signature over Printed Name
In accordance with the Assignment of Salary and Authorization to Deduct and Remit Payment executed by said applicant, we hereby bind ourselves to deduct such amount necessary
to pay his/her obligation to you from his/her salary, termination, retirement or gratuity pay or benefit and remit the said amount directly to the Bank on the agreed due date of each
month until entire obligation is fully paid.
Employer's Authorized Signatory Name and Position
1.) RCBC Salary Loan is a multi-purpose financing facility for personal consumption (examples: 8.) Cash Disbursement, Payment, and Default
school-related expenses, travel, car repair, home improvements, debt consolidations) that may be a. I agree that the proceeds of the approved loan will first be applied to my existing personal loan with
availed only by individuals employed by accredited Salary Loans companies that meet loan RCBC/ RCBC Bankard Services Corporation, if any, as payment. The remaining loan proceeds will be
qualifications, have submitted an application form and required documents, and have been approved credited to my nominated bank account.
based on credit evaluation.
b. I agree that I shall be liable to RCBC/RCBC Bankard Services Corporation for the approved loan amount
2.) uRCBC is Rizal Commercial Banking Corporation and uRCBC Bankard Services Corporation" is the entity and the charges due thereon such as late penalty fees in accordance with the Disclosure Statement,
servicing the Personal and Salary Loans business of RCBC and implementing all actions pertaining to Amortization Schedule and other related Salary Loan documents.
RCBC Personal and Salary Loans for and on behalf of RCBC.
c. In the event that an installment date falls on a non-working day, I agree that the due date shall be on
3.) As used herein, the words ul", "My", 'Me", uYou" and uYours" shall refer to the Salary Loans borrower, the following working day immediately succeeding the said installment date.
whose name will be indicated in the Promissory Note, Disclosure Statement, and other applicable d. I understand that acceptance by RCBC/RCBC Bankard Services Corporation of payment or any installment
Salary Loan documents. or any part thereof after the due date shall not be considered as extending the time for the payment of any
4.) I acknowledge that RCBC/RCBC Bankard Services Corporation reserves the right to approve or of the installments aforesaid or as a modification of any of the conditions hereof.
reject applications for Salary Loans and has no obligation to disclose reasons for the rejection or e. I authorize RCBC / RCBC Bankard Services Corporation to collect payments through salary deduction
disapproval of the RCBC Salary Loan application. Further, RCBC/RCBC Bankard Services based on the signed Disclosure Statement submitted at the time of application for the payment of my
Corporation has the sole discretion to approve only a portion of the amount applied for. monthly amortization. I understand and agree that it ls my employer who will deduct the amounts due
5.) Data Privacy: from my salary and remit the same to RCBC / RCBC Bankard Services Corporation no later than the
a. I confirm that all information in this application are correct and complete. I shall notify RCBC/RCBC applicable due date based on the Amortization Schedule.
Bankard Services Corporation of any change affecting the information and documents provided by I understand that payments made to my Salary Loan account shall be applied in the following order:
me. Should any of the information provided and documents submitted prove to be false, Late penalty fee
RCBC/RCBC Bankard Services Corporation may terminate any loan or accommodation and have the ii. Interest charge
right to demand immediate payment of loan obligation. iii. Principal balance
b. I agree and authorize RCBC/RCBC Bankard Services Corporation to obtain and verify such g. I acknowledge that I shall be considered in default in the event that (i) I fail to pay my obligations on
information and perform aH necessary background checks (including credit scoring and my Salary Loan account, and by extension any RCBC Bankard credit card if applicable, (ii) I fail to
investigation) as RCBC/RCBC Bankard Services Corporation may require concerning the statements observe any of the terms and conditions governing the issuance of my Salary Loan account, (iii) I fail to
made in this application and that the sources from which the RCBC/RCBC Bankard Services observe any of the terms and conditions of any contract/evidence of indebtedness and/or related
Corporation may apply for such information are hereby authorized to provide the RCBC/RCBC documents in connection with any credit facilities granted in my favor by RCBC/RCBC Bankard Services
Bankard Services Corporation the same. Corporation or another financial institution, (iv) any information, documentation, representation or
c. I agree and authorize RCBC/RCBC Bankard Services Corporation or its duly authorized personnel to warranty made by me in my application form that proves to have been fraudulent, untrue, incorrect or
process my information for the purposes of customer identification, risk profile assessment, misleading at the time it was made.
facilitation and commencement of an effective administration and implementation of the Salary h. In case of my failure to pay when due and payable, any sum which I am obliged to pay under this Salary
Loan, and communication relevant to the Salary Loan. Loan and/or any other obligation which I may now or in the future owe to the holder of this Salary Loan
d. I agree and authorize RCBC/RCBC Bankard Services Corporation or its duly authorized personnel to orto any other party, whether as principal, surety, or guarantor, or in the event of death or dissolution
process and/or disclose my information to any offices, branches, subsidiaries, affiliates, agents, and (in case of corporation), bankruptcy, insolvency, receivership, levy or execution, garnishment or
representative of RCBC/RCBC Bankard Services Corporation and third parties selected by any of them, attachment, or in case of conviction for a criminal offense by final judgment carrying with it the
wherever situated, and use in connection with the provision of any service/product relating to my penalty of civil interdiction, affecting all or any one of us, or in any of the cases enumerated in Article
account/s including data profiling, processing, monitoring, reviewing, reporting, storing, statistical and 1198 of the Civil Code of the Philippines:
risk analysis purposes. I understand that the entire unpaid obligation (including unbilled balances) and aH other fees and
e. I agree that all my personal data may be processed and disclosed by RCBC/RCBC Bankard Services amounts payable under this Agreement shall become immediately due and payable without
Corporation to government authorities (foreign or domestic) in compliance with the rule, ordinance, demand, presentment, dishonor, protest or further notice of any kind, all of which I hereby
order, decree, directive, requirement, statute, law, constitution, regulation or other government expressly and willingly waive.
restriction or any similar form of decision of, or determination of any of the foregoing by, any national, ii. I agree to pay late penalty fees as applicable.
regional, or local government or political subdivision, commission, authority, tribunal, agency, or entity iii. If RCBC/RCBC Bankard Services Corporation needs to refer my case to a collection agency or
of the Republic of the Philippines or a foreign country, as may be applicable. through an Attorney-at-Law, I shall be liable to pay i) one percent (1%) of the sum due, which shall
f. I agree to waive, to the extent allowed by law, the confidentiality of my personal data regarding my bank not be less than P2,000 nor more than Pl 0,000 as endorsement fee; ii) twenty-five percent (25%)
accounts, deposits and other credit information in order to ascertain my eligibility to avail credit. of the sum due as attorney's fees; iii) twenty-five percent (25%) of the sum due as liquidated
damages; and iv) the actual expenses of collection and costs of suit.
g. I agree and authorize RCBC/RCBC Bankard Services Corporation to retain the data collected during
the application, as well as for the duration and even after the rejection, termination, closure or In the event that my account shall be referred to a collection agency or an attorney-at-law for collection,
cancellation of the credit availment, relationship or services with RCBC/RCBC Bankard Services I acknowledge that RCBC/RCBC Bankard Services Corporation shall notify me in writing of the
Corporation for a period of ten (10) years from such termination until final conclusion of any endorsement of the collection of my account, or the endorsement of the collection of my account to a
requirement or disclosure of obligation, dispute or action. collections agency or attorney prior to actual endorsement. The notification shall include the full name of
h. I agree and authorize RCBC/RCBC Bankard Services Corporation to a) collect and use my information the collection agency and its contact details to which my account will be offset.
and, where permitted by law, share it between the Yuchengco Group of Companies (YGC), its 9.) Any legal action arising from this Salary Loan shall be submitted to the jurisdiction of the proper court in
subsidiaries, affiliates and third-party institutions to identify and inform me of products and services Pasig City or Taguig City, at the sole option of RCBC/RCBC Bankard Services Corporation.
provided by YGC, its subsidiaries and affiliates that may be of interest to me; and b) collect and use 10.) In case of any changes in the crediting of loan proceeds RCBC/RCBC Bankard Services Corporation reserves
my information to promote the products and services of select third parties that may be of interest the right to change the crediting option of my application.
to me. I understand that if I do refuse or withdraw my consent to a) and/or b), it will not affect my
eligibility to avail credit. I HEREBY AFFIRM THAT I HAVE CAREFULLY READ, FULLY UNDERSTOOD, AND VOLUNTARILY CONFORMED TO THE
FOREGOING STIPULATIONS AND IN THE SALARY LOAN DOCUMENTS. I FURTHER AFFIRM THAT AT THE TIME I SIGNED
I agree that RCBC/RCBC Bankard Services Corporation may disclose and share my personal THIS FORM, ALL THE BLANK SPACES HAVE BEEN CORRECTLY AND COMPLETELY FILLED UP. HOWEVER, SHOULD
information, as deemed applicable, with other YGC subsidiaries and affiliates, as well as selected THERE BE ERRORS, SUCH AS BUT NOT LIMITED TO THE NAMES AND ADDRESSES OF THE PARTIES, DESCRIPTON OF
third parties to offer selected products and services which are relevant and necessary in the COLLATERAL, AND TYPOGRAPHICAL ERRORS, INADVERTENTLY MADE ON THIS FORM, IN THE SALARY LOAN
administration of my account/s including but not limited to product/service DOCUMENTS, OR OTHER RELATED DOCUMENTS, I HEREBY AUTHORIZE RCBC/RCBC BANKARD SERVICES
improvements/upgrades, data analytics and related automated processes as part of the Bank's CORPORATION OR rrs ASSIGNEE TO MAKE THE NECESSARY CORRECTONS PROVIDED THAT THE CORRECTON IS
initiatives to further improve its service to its clients. SUPPORTED BY RELEVANT DOCUMENTATION.
6.) I acknowledge that information and documents in relation to my Salary Loan application have been read and
fully understood such as, but not limited to, the a) Salary Loan application form, b) Promissory Notec) Disclosure
I HEREBY AUTHORIZE RCBC/RCBC BANKARD SERVICES CORPORATION, ITS DIRECTORS, OFFICERS, EMPLOYEES AND
Statement, d) Amortization Schedule and other e) Salary Loan details such as, fees and interest rates. DULY AUTHORIZED REPRESENTATIVES TO KEEP, STORE, UPDATE, USE ACCESS, PROCESS, AND ENTER IN THE
PROCESSING SYSTEM MY PRESENTED DATA AND TO SHARE, TRANSFER OR DISCLOSETHE DATA TO THE YUCHENGCO
7.) Interest, Fees and Charges GROUP OF COMPANIES AND 3RD PARTIES SUCH AS BUT NOT LIMITED TO OUTSOURCED SERVICE PROVIDERS,
a. I acknowledge that the monthly interest rates, late payment penalty and other charges that may be EXTERNAL AUDITORS, AND LOCAL AND FOREIGN REGULATORY AUTHORITIES FOR PURPOSES OF APPROVAL AND
applied to my Salary Loan application shall be determined by RCBC/RCBC Bankard Services Corporation. FACILITATION OF THE SALARY LOAN CYCLE, MARKETING OR PROMOTIONAL INFORMATION CAMPAIGN, CREDIT
b. I acknowledge that the computation of interest and principal components of the monthly INFORMATION SYSTEM ACT, ALL OTHER REGULATORY LAWS, AND ALL OTHER ACTVrTIES CONSISTENT WITH THE
amortization shall be based on diminishing balance computation, and the interest and principal PROVISIONS OF THE DATA PRIVACY ACT AND SUBJECT TO APPROPRIATE AND SECURITY SAFEGUARDS.
portions will not be equal from month to month.
c. I acknowledge that due to a system-generated computation where decimal points are rounded up,
the monthly amortizations may vary. The outstanding balance will be adjusted at the end of the loan
term to ensure that all payments made are accounted for and that the loan amount is paid. Borrower's Name and Signature / Date
d. I agree that should I be unable to pay my monthly amortization or outstanding balance in full, I will be
charged with a late penalty fee equivalent to five percent (5%) of my unpaid outstanding balance from PROMISSORY NOTE
the previous month (a fraction thereof is considered a full month), counted from the day immediately
following the due date, until the installment is fully paid. The late penalty fee will be computed from For value received, I/We jointly and sever ally unconditionally promise to pay to the
the unpaid outstanding balance and the accrual of the late penalty fee will start from the statement
order of RIZAL COMMERCIAL BANKING CORPORATION (the "Lender"), in accordance
date until payment is posted. A late penalty fee will still be applied for partial payments.
e. I agree that the interest rate on the loan or on any amount due herein shall be subject to a with the Terms and Conditions of the RCBC Salary Loan, the loan amount (the "Loan") of
proportionate upward or downward adjustment in these instances: i) change in the prevailing cost
Philippine Pesos
of money at any given time, or there be any law, circular, rule or regulation enacted, issued or
promulgated which has the effect of increasing or decreasing the cost of funds to the Creditor as
(PHP_ _ _ _ _ _ _ _ _
� with an interest rate of_ _ _ _ _percent _
( _
_ %).
determined by the latter; ii) change of at least fifteen percent (15%) in the Consumer Price Index for
Manila from the date of execution of this agreement as set forth in the figures released by the I/We promise to pay the Loan in_ _ _instalments in accordance with the Amortization
Bangko Sentral ng Pilipinas (BSP), or other agencies of the Philippine Government should the figures
of BSP be unavailable, which shall be regarded as an extraordinary increase or decrease in the Schedule.
effective purchasing power of the Philippine currency. Any adjustment pursuant to the foregoing
I/We further pr omise to pay the applicable fees, interests and charges in accordance
occurrences shall be communicated to me/us in writing prior to its implementation. Should I
disagree with the adjustment, I undertake to prepay the outstanding obligation within thirty (30) with the Disclosure Statement.
days following receipt of the notice; otherwise, I shall be deemed to have agreed to the adjustment
effective upon the expiration of the 30-day period. If I/We fail to make any payment owed under this Note, I/We acknowledge and agree that Lender
I agree to pay the fees, breakdown below: may, at its option, declare all outstanding sums owed on this Note to be immediately due and
A processing fee will be charged and deducted against the loan amount and will be netted out payable, in addition to any other rights or remedies that Creditor.
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of the loan proceeds.
ii. Documentary Stamps Tax of Php 1.50 for every Php 200 for loan amount above Php 250,000 shall
be charged and deducted against the loan amount and will be netted out of the loan proceeds.
Borrower's Name and Signature Date&Place
RCBC
DISCLOSURE STATEMENT OF LOAN/CREDIT TRANSACTION
(As required under R.A. 3765 and R.A. 7394)
NAME OF BORROWER:
ADDRESS:
1. LOAN AMOUNT Php
2. OTHER BANK CHARGES / DEDUCTIONS COLLECTED Php
a. Mandatory Credit Insurance Php
b. Documentary/Science Stamps Php
c. Notarial Fees Php
d. Handling/Processing Fees Php
e. Others
1-Month Advance Amortization Php
Pay-off Amount Php
Broken Interest Php
Total Charges (Sum of 2a-2e) Php
3. NET PROCEEDS OF LOAN (Item 1 less item 2) Php
4. SCHEDULE OF PAYMENTS Php
a. Single payment due of Php___ due on ___ (Date)
b. Installment payments of Php___ payable in __ weeks/months
(Please see attached amortization schedule)
5. EFFECTIVE INTEREST RATE (Interest and Other Charges) %
a. Interest ___ % per annum from ____ to _____
] Simple [ ] Monthly ] Semi-Annual
] Compound [ ] Quarterly ] Annual
b. Discount ____________________
c. Other Charges incidental to the extension of credit
Total Finance Charges / Time Price Differential (Sum of Sa - Sc) Php
The Effective Interest Rate is higher than the contractual interest rate of___%
because of item 2 deductions above.
6. CONDITIONAL CHARGES THAT MAY BE IMPOSED (if applicable)
a. Penalty charges of 5% per month or a fraction thereof shall be added on
each unpaid installment from maturity thereof until fully paid.
b. Attorney's fees and liquidated damages at 25% each of sum due.
c. Endorsement fee of 1% of sum due.
d. Others Php
CERTIFIED CORRECT
Relationship Manager
(Signature of Creditor / Authorized Representative Over Printed Name) Position
I ACKNOWLEDGE RECEIPT OF A COPY OF THIS STATEMENT PRIOR TO THE CONSUMMATION OF THE CREDIT TRANSACTION.
I UNDERSTAND AND FULLY AGREE TO THE TERMS AND CONDITIONS THEREOF.
Date Signature of Borrower Signature of Co-Maker I Spouse
NOTICE TO DEBTOR: YOU ARE ENTITLED TO A COPY OF THIS PAPER WHICH YOU SHALL SIGN.
