List of Requirements for RCBC Personal Cash Loan You Must Submit to Apply
REQUIREMENTS FOR RCBC PERSONAL CASH LOAN – Here are the documents needed in applying for the loan offer of Rizal Commercial Banking Corp.
Are you looking for a bank where you may apply for a cash loan offer? One of the entities that you may turn to is Rizal Commercial Banking Corporation. More popularly called RCBC, it has several offers encompassing personal and business categories.
RCBC offers savings and checking accounts, credit cards, loans, and several other financial services. One of its loan offers is the Personal Loan offer or also referred to the as Personal Cash Loan, a multi-purpose offer.
What sets the RCBC Personal Cash Loan apart from the other loans is that it can be used in various ways unlike the RCBC home loan that is solely for purposes related to residential properties. The loan offer of RCBC is open for both employed and self-employed individuals.
Under the offer, there are both eligibility and documentary requirements for RCBC Personal Cash Loan application. They are further divided between employed and self-employed individuals. Here are the qualifications:
For locally-employed applicants:
- 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
For self-employed applicants:
- 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 documents, the RCBC requirements differ among the employed and self-employed applicants on proof of income. Here are the documents needed in applying for the loan offer:
Employed Applicants
- duly-accomplished RCBC Personal Loan Application Form
- proof of income:
- Certificate of Employment (COE) or latest ITR
- 2 valid government-issued IDs
- Tax Identification Number (TIN)
- Utility Bill
Self-Employed Applicants
- duly-accomplished RCBC Personal Loan Application Form
- proof of income (any of the following):
- Business Papers (DTI or SEC, Mayor’s Permit)
- Latest ITR or Audited Financial Statements
- Latest 3-month bank statement