Lists of RCBC Auto Loan Requirements for Application
RCBC AUTO LOAN REQUIREMENTS 2024 – Here are the documents required in applying for the Auto Loan offer of Rizal Commercial Banking Corp.
Have you heard about the Auto Loan offer of Rizal Commercial Banking Corporation or RCBC? It can help you achieve your target brand new or pre-owned vehicle the soonest time possible.
The RCBC which has several loan offers including the RCBC Home Loan and the RCBC Cash Loan has the Auto Loan that is ready to finance the purchase of both brand new and pre-owned vehicles. The loan is payable for up to 60 months thus there is an option for light monthly installments.
The Rizal Commercial Banking Corporation only requires a downpayment of at least 20% of the selling price of the vehicle. You may borrow at least Php 300,000.
With regards to the RCBC Auto Loan requirements for application, it depends whether you are locally-employed or self-employed. For locally-employed individuals, here are the documents required for the application:
- duly-accomplished and signed RCBC Auto Loan Application Form
- Certificate of Employment (COE) or latest Income Tax Return (ITR)
- 2 valid IDs issued by the Philippine government
- Tax Identification Number (TIN)
- Utility Bill
If you have yet to get a Tax Payer’s Identification Number or TIN, you may process it at the nearest office of the Bureau of Internal Revenue or BIR in your area. Make sure to bring the TIN number requirements set by the tax-collecting office for the issuance of the TIN.
If you are self-employed, there is a different set of RCBC Auto Loan requirements that you must prepare and submit to RCBC to apply. Here are the documents required from non-salaried individuals who wish to apply for the loan offer:
- duly-accomplished and signed RCBC Auto Loan Application Form
- Business registration with the Department of Trade and Industry (DTI)
- Audited financial statements
- ITR or bank statements