Guide on RCBC Auto Loan 2025 Features & Application
RCBC AUTO LOAN 2025 – It is time to get ready to achieve your dream car under the financing service offer of Rizal Commercial Banking Corporation which is packed with excellent features.
Nowadays, some trusted banks are offering car loans and have helped countless individuals achieve their dream car. Are you excited to drive your own wheels soon? That dream is close to being achieved now.
In the Philippines, one of the trusted banking entities that provide loans is the Rizal Commercial Banking Corporation or more popularly called RCBC. Aside from the RCBC Salary Loan offer which is exclusive to for the employees of the companies accredited to the bank, the trusted banking entity also has the RCBC Auto Loan offer.
The RCBC Auto Loan offer is ready to help you achieve you dream car. Get that acceleration towards achieving your dreams whether it is a brand new or a pre-owned vehicle. The bank boasts its loan offer with excellent features.
Under the RCBC Auto Loan offer, the bank offers affordable monthly amortization, fast loan application approval, and flexible financing solutions. It is ready to finance the purchase of a car whether it is a sedan or an SUV.
The minimum loanable amount under the regular Auto Loan offer of Rizal Commercial Banking Corporation depends if the vehicle to be financed is brand new or pre-owned. Here is a guide on the minimum borrowing amount under the offer:
- Brand New Car — Php 300,000
- Pre-Owned Car — Php 200,000
With regards to the downpayment under the loan offer, the bank requires a minimum of 20% of the selling price if the vehicle is brand new and 30% if it is pre-owned. For example, if the selling price of the vehicle is Php 500,000.00, you need to prepare just at least Php 100,000 for the downpayment if it is brand new and at least Php 150,000.00.
How about the loan term? For brand new vehicles, the payments terms is from 12 months to 60 months. For pre-owned vehicles, the minimum loan term is 12 months while the maximum loan term is 48 months.
Are you interested to apply for the loan offer? The loan is open for both employed and self-employed individuals but there are varying requirements set by the RCBC. Here is a guide on the documents that you need to prepare and submit to the bank for the loan application: