Instabalé

I-cash advance ang sweldo with InstaBale, and get your funds instantly through RBank Digital. No forms, no waiting!
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PRODUCT FEATURES

Loan PurposeFor multipurpose personal consumption
Loan Amount Minimum: P1,000.00

Maximum: 70% of the average of last three (3) payroll credits

The maximum amount is subject to the cash advance limit assigned per customer, which is based on net salary in the past six (6) month/s.

Term Maximum of fourteen (14) days
Mode of ReleaseImmediate credit to customer's payroll account
Payment dateThe availed cash advance will be automatically deducted from customer's payroll account on the next immediate salary schedule.
Fees and Charges
  • Processing Fee – Minimum of Php100.00 for cash advance amounting to Php5,000 and below. For above Php5,000, additional Php50.00 for every Php5,000 or fraction thereof. Fee shall be deducted from the proceeds of the cash advance 
  • Late payment Fee - 5% on the due amount 

Note: InstaBale is only available for qualified RBank payroll account holders. Look for the InstaBale link when you log-on to RBank Digital

Got any questions? Feel free to contact us

  1. What is InstaBale?

InstaBale is a multipurpose credit line type of facility which allows employee-borrower to advance and make multiple drawdowns of up to 70% of their upcoming salary credits.

  1. Am I qualified to avail the InstaBale?

You are qualified when:

  • You have an active payroll account with continuous payroll credits for the past six (6) months.
  • Your payroll account has at least P1,500 credit per payroll upload
  1. How do I avail of InstaBale?

You can avail the InstaBale Facility through the RBank Digital. You will receive a notification that the InstaBale facility is already available. You simply have to:

 

  • Log-in to your RBank Digital
  • Choose InstaBale facility
  • Indicate the amount to be availed
  • Accept the InstaBale Terms and Conditions
  • Click “Submit”

 

  1. How much can I loan?

You may loan from P1,000 up to P200,000. Your maximum InstaBale limit is subject however to the Bank’s evaluation.

 

  1. What is the loan term?

Maximum loan term is 14 days.

  1. What is the interest rate?

InstaBale Facility does not charge interest fee.

  1. What are the fees and charges?
  • Transaction Fee – Minimum of P100 for P5,000 and below cash advance. For above P5,000 amount, additional P50 for every P5,000 or fraction thereof. The transaction fee shall be deducted from the proceeds of the InstaBale.
  • Late Payment Fee – 5% on the due amount
  1. Do I need to enroll to RBank Digital before I can avail the InstaBale?

Yes. The InstaBale facility is only available via the RBank Digital.

For more information on how to download the RBank Digital, kindly access this site: https://www.robinsonsbank.com.ph/rbank-digital/rbank-digital-online-banking/

  1. How will I know my InstaBale available balance?

You may view your current balance via RBank Digital.

  1. How will I know the total cash advances availed?

You may view your current balance via RBank Digital.

  1. How will I pay the cash advances?

The availed cash advances will be deducted from your next immediate payroll credit schedule.

  1. When will the deducted amount reflect as payment?

Once your payroll has been debited, payment of cash advances will be reflected immediately.

  1. What happens if the payroll credit as payment is insufficient to pay for my salary advances?

If your payroll credit is insufficient to pay for the cash advances availed, your InstaBale facility will be temporarily suspended. In your next immediate payroll credit, the InstaBale amount due for payment and the corresponding late payment fees will then be deducted from your payroll. Your InstaBale facility will immediately revert to active status and ready for availment once payments are updated.

  1. What are the instances that my InstaBale Facility shall be cancelled by the Bank?

Your InstaBale Facility will be terminated or permanently cancelled when your outstanding salary advances remain unpaid after three consecutive payroll period.