Guide on the Requirements for RCBC Cash Loan for Self-Employed Applicants
REQUIREMENTS FOR RCBC CASH LOAN FOR SELF-EMPLOYED APPLICANTS – Here are the lists of the qualifications and the documents you will need in applying.
Are you looking for an entity where you can apply for a cash loan offer? You may turn to Rizal Commercial Banking Corporation. Also called RCBC, it is one of the most popular and trusted entities in the banking industry.
With regards to its cash loan offer, it has opened the offer for both employed and self-employed individuals. If you are a self-employed individual, you can check on the loan details below.
Qualifications. Most banks and lending companies set eligibility requirements under their loan offers. Under the cash loan offer of Rizal Commercial Banking Corporation, if self-employed, to be eligible to apply for the loan offer, the borrower-applicants must be:
- a Filipino citizen
- at least 21 years old upon the loan application
- not more than 65 years old upon the loan maturity
- having a mobile number, residence landline, or office landline
- operating a business in the country for at least three (3) years already
- operating a business that is profitable for the past two (2) years
- running a business that is earning at least P100,000 gross monthly income
Documentary Requirements for RCBC Cash Loan Offer. Here are the basic and specific requirements you must prepare and submit to the bank if you are self-employed:
- duly-accomplished and signed RCBC Personal Cash Loan Application Form
- proof of income (any of the following):
- business permit registered at the Department of Trade and Industry (DTI) or the SEC
- Mayor’s Permit
- latest Income Tax Return (ITR)
- latest 3-month bank statement
Do you want to check on the loanable amounts under the loan offer? To check how much you may borrow, feel free to visit – RCBC Cash Loan: Minimum & Maximum Loanable Amounts.
