Rizal MicroBank – A Thrift Bank of Rizal Commercial Banking Corporation (RCBC) is one of the youngest affiliates under the Yuchengco Group of Companies. Established in 2010 by RCBC, Rizal MicroBank is the result of the merging of Merchants Savings & Loan Association, Inc. (A Thrift Bank) and Pres. Jose P. Laurel Rural Bank-both acquired by the Universal Bank in 2008 and 2009 respectively.
Rizal MicroBank is focused mainly in providing loans to microenterprise and small business operators as well as value chain players in the agricultural sector. Presently, Rizal MicroBank operates in key areas in Luzon, Visayas and Mindanao with a total of 18 branches and 5 micro-banking offices.
MICROFINANCE LOANS
First Loan: 3 months and weekly payment. Succeeding loans: Negotiable, depending on payment behavior.
SMALL BUSINESS LOANS
Flexible frequency of payment (Weekly, Semi-monthly and Monthly payments)
AGRI-FINANCE LOAN
Frequency of payment (Weekly, Semi-monthly and Monthly payments)
ORDINARY SAVINGS (PASSBOOK-BASED)
Regular passbook-evidenced and interest-bearing deposit product with fixed interest rate and can be withdrawn anytime.
CONTRACTUAL SAVINGS (LOAN-BASED)
Regular passbook-evidenced and interest-bearing deposit product that is a component of the bank’s loan products.
TIME DEPOSIT (CERTIFICATE)
Certificate of time deposit evidenced issued by the Bank with a fixed maturity date and earning an interest rate.
Checking Account
A low-interest bearing deposit product that allows individuals or institutions to access a wide-range of financial services, with ease of payment as a primary objective using bank checks.
