{"id":4286,"date":"2025-07-17T02:40:47","date_gmt":"2025-07-17T02:40:47","guid":{"rendered":"https:\/\/www.rizalmicrobank.com\/?p=4286"},"modified":"2025-07-17T07:44:24","modified_gmt":"2025-07-17T07:44:24","slug":"small-biz-rcl","status":"publish","type":"post","link":"https:\/\/www.rizalmicrobank.com\/index.php\/small-biz-rcl\/","title":{"rendered":"Small Biz RCL"},"content":{"rendered":"

The Small Biz Revolving Credit Line (RCL) Facility is a flexible, standby, individual loan product of Rizal MicroBank.<\/strong><\/em><\/p>\n

The Small Biz RCL allows a borrower to borrow money from the Bank without the hassle of applying for a loan every time the need for funds arises. It is a reusable source of funds that can readily be tapped at the borrower\u2019s discretion subject to approved credit line limit and term set by the Bank.<\/strong><\/em><\/p>\n

The line will be available for one year. During this allotted period of time, the facility will allow the borrower to take out, repay, and take the loan out again, and allow the borrower to use as much of the credit as is available and only pay interest on what has been used.<\/strong><\/em><\/p>\n

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Loan Amount<\/u><\/strong><\/p>\n

Up to PhP20,000,000.00 subject to client\u2019s capacity to pay. Loan increases are subject to repayment behavior and capacity evaluation.<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
QUALIFICATION<\/th>\n<\/tr>\n<\/thead>\n
Single proprietorship, Partnership, Corporation, Cooperative<\/td>\n<\/tr>\n
21 and above, should not exceed 70 years old at the time of loan maturity
\n<\/td>\n<\/tr>\n
A resident in the branch trade area for at least 3 years <\/td>\n<\/tr>\n
Business has been existing for at least 5 years and profitable for the last 3 years <\/td>\n<\/tr>\n
No delinquent accounts with other financial institutions<\/td>\n<\/tr>\n
No adverse record with local and national credit bureaus<\/td>\n<\/tr>\n
No collection or sum of money cases in the Barangay or municipal court<\/td>\n<\/tr>\n
Willing to open a Contractual Savings with RMB and save while there is an active loan
\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Loan Term<\/u><\/strong><\/p>\n