Guide on RCBC Cash Loan 2023 — How Much You May Borrow
RCBC CASH LOAN 2023 – Here is a guide on the minimum and maximum loanable amounts under the Personal Loan offer of Rizal Commercial Banking Corporation.
Have you heard about the multi-purpose cash loan offer of Rizal Commercial Banking Corporation? You might be interested to check on the details of this offer which you may apply for to fund a travel, make a huge purchase, pay for the bills, finance an event, etc.
RCBC is one of the banks in the Philippines that have built a name in the field. The RCBC Cash Loan offer or the Personal Loan is just one of the many offers of the bank that have benefitted a lot of people most people during challenging times. Its multi-purpose cash loan offer is open for both employed and self-employed individuals.
Who are qualified to apply for the RCBC cash loan offer? It is open for both employed and self-employed individuals but the eligibility criteria between the two (2) employment status differ. Here are the qualifications that the borrower must meet to qualify for the offer:
If Employed:
- Filipino Citizen or Dual Citizen
- at least 21 years old upon loan application
- at most 65 years old upon loan maturity
- must have a mobile number, residence landline, or office landline
- must be locally employed at a company registered with Securities and Exchange Commission (SEC)
- with a minimum employment tenure of 2 years and minimum gross monthly income of Php30,000
If Self-Employed:
- Filipino Citizen
- at least 21 years old upon loan application
- at most 65 years old upon loan maturity
- must have a mobile number, residence landline or office landline
- with business operating in the Philippines for at least 3 years and profitable for the past 2 years, and minimum gross monthly income of Php100,000
With regards to the RCBC Cash Loan loanable amounts for 2023, the actual borrowing amount depends on the assessment of the bank but it has provided the range of loanable amounts. All loan applications are subject to the bank’s approval.
- Minimum Loanable Amount — Php 50,000.00
- Maximum Loanable Amount — Php 1,000,000.00
To apply for the RCBC Personal Cash Loan offer, there are requirements that you must prepare and submit to the bank.
With regards to the repayment of the RCBC loan, you may repay the loan from six (6) months up to 36 months or three (3) years. The bank implements a monthly add-on interest rate of 1.3%.
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