A technique for calibration of on-chip resistance (R) and capacitance (C) values using an on-board bypass capacitor may include configuring an on-chip switch to selectively couple an on-chip calibration circuit to an on-chip port. The on-chip calibration circuit may include an RC oscillator having an RC time constant (RCTC). The on-board bypass capacitor may be coupled to the on-chip calibration circuit, by using the on-chip port. The on-chip R and C values may be calibrated using the on-chip calibration circuit and the on-board bypass capacitor.