Guide on RCBC Home Loan 2025 Features & Application Process
RCBC HOME LOAN 2025 – You can check here the features of this excellent loan offer that can you help achieve your dream house.
Most people dream of achieving two (2) properties upon entering the world of employment — a house and a car. Truth be told that both properties require a huge amount of money that many people may not like to pay for in cash. Meanwhile, there are entities that are willing to help you out.
In the Philippines, one of the trusted loan providers that you may turn to for loans to help you achieve your dreams is RCBC or the Rizal Commercial Banking Corporation. It is one of the reputable banks that is in the service of countless Filipino people since 1960.
RCBC offers both personal and corporate finance products. With regards to its loan offers, aside from the RCBC Salary Loan offer that is open for the employees of accredited banks, the bank also offers home loans — the RCBC Home Loan for real estate property acquisition and another loan offer for house construction or home renovation.
In this article, we will focus about the RCBC Home Loan for the purpose of financing the purchase of a real estate property. According to the bank, it is ready to the finance the purchase of a house and lot as well as a condominium unit.
How much is loanable under the Home Loan offer?
According to RCBC, the minimum loanable amount under the offer is Php 1 million. The bank did not set the maximum loan amount. The value of the property to be financed is undeniably a factor in the borrowing amounts allowed on a case-to-case basis.
How much is the downpayment?
With regards to the downpayment, the bank requires an equivalent of at least 20%. Thus, if the selling price of the property is P1 million, you need to prepare at least P200,000 for the downpayment.
How long is the maximum loan term available?
The amount borrowed is payable from one (1) year up to 20 years. According to the bank, it offers the fixing option of one (1) to 20 years as well.
The RCBC Home Loan offer is open for both employed and self-employed Filipinos and dual-citizens. It is also open for foreigners who are married to Filipino citizens. Here are the other eligibility requirements:
- at least 21 years old upon loan application
- at most 65 years old upon loan maturity
- with a mobile number and a residence or office landline
Do you want to apply for the loan offer? Here is a guide on the specific list of documents that you need to prepare and submit to the bank for the loan application: