List of RCBC Loans 2024 Features & Requirements for Application
RCBC LOANS 2024 – Here is a guide on the loan offers of the Rizal Commercial Banking Corporation and their requirements for application.
In the Philippines, there are banks that are operating and serving the Filipino people for decades already. One of them is the Rizal Commercial Banking Corporation which is in the banking industry since 1960.
The Rizal Commercial Banking Corporation offers bank accounts, loans, credit cards, and several other financial services and products. Through the years, it has continued to boost its offers and services as well as the features of its main loan offers which are detailed below.
Here are the loan offers of Rizal Commercial Banking Corporation (RCBC):
RCBC Personal Loan
Among the RCBC loans, the multi-purpose offer is the Personal Loan. This RCBC Cash Loan is designed to meet short-term financial needs of the borrower. Here are the qualifications set under the offer:
- Filipino Citizen or Dual Citizen
- 21 years old and above upon the loan application but not more than 65 years old upon the 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)
- a stable source of income
- If employed — with a minimum employment tenure of 2 years and minimum gross monthly income of Php 30,000
- If self-employed — with business operating in the Philippines for at least 3 years and profitable for the past 2 years, and minimum gross monthly income of Php 100,000
There are documentary requirements you must submit for the RCBC cash loan application.
RCBC Auto Loan
The RCBC Auto Loan is ready to finance the purchase of a vehicle whether it is brand new or pre-owned. The takes pride in its offer having low downpayment which is only 20% of the selling price of the unit, flexible loan terms, and low monthly installments.
Here are the qualifications set by the bank under its Auto Loan offer:
- Filipino Citizen or Dual Citizen
- at least 21 years old upon loan application
- 65 years old and below upon the loan maturity
- must have a mobile number and a residence or office landline
- stable source of income
- If employed, the loan applicant must have a minimum employment tenure of 1 year and minimum gross monthly income of Php 40,000
- If self-employed, the loan applicant must be operating a business that is in profitable operations for the past 2 years
To apply for the offer, there are requirements for the RCBC Auto Loan application that you must prepare and submit to the bank.
RCBC Home Loan
Also one of the RCBC loans is the RCBC Home Loan offer that can finance the acquisition of a residential property including a house and lot and condominium units, house construction or home renovation, and home loan refinancing. It is also open for a multi-purpose cash loan using the residential property as the collateral.
The RCBC Home Loan offer is open for the following:
- at least 65 years old upon the loan maturity
- with a stable source of income
- a minimum employment tenure of 1 year and minimum gross monthly income of Php 40,000.00
- business must be in profitable operations for the past 2 years
There are documentary requirements for the RCBC Home Loan application.