Guide on RCBC Auto Loan 2024 Offer You May Apply For
RCBC AUTO LOAN 2024 – The Rizal Commercial Banking Corporation offers the financing of a brand new and pre-owned vehicle purchase.
Do you want to get your dream car soon? You don’t actually have to wait for several months or years so you can save and buy it in cash. There are loans that can help you get that now and just pay for the price in light monthly installments. One of the loan providers is the Rizal Commercial Banking Corporation.
More popularly called RCBC, Rizal Commercial Banking Corporation that is operating for decades now has several offers including savings and checking accounts, loans, investment products, credit cards, and insurance policies among others. Aside from the RCBC Home Loan, the bank also has the RCBC Auto Loan offer.
The RCBC Auto Loan offer is open to finance the purchase of both brand new and pre-owned vehicles. The bank boasts its offer with low downpayment, flexible loan terms, and low monthly installments.
The client may also choose between the following loan types:
- low monthly amortization
- flexible and worry-free insurance coverage for the entire loan term
- free insurance coverage for the first year of the loan term, free chattel mortgage fees, and low downpayment
The RCBC has posted the minimum loanable amount under the loan offer which is at Php 300,000. It requires a downpayment of at least 20% of the selling price of the vehicle.
For example, if the vehicle costs Php 1 million, the minimum downpayment is at Php 200,000 which is 20% of the total price. The loan is payable from 12 months up to 60 months or within five (5) years.
There is an easy process on how to apply for the RCBC Auto Loan offer. You are free to follow the steps to conserve time, money, and energy in applying for the loan offer.