Guide on RCBC Cash Loan Loanable Amounts 2024 Offer
RCBC CASH LOAN LOANABLE AMOUNTS 2024 – Are you wondering how much you may borrow under the Personal Loan offer of Rizal Commercial Banking Corporation?
In the Philippines, many people prefer turning to banks when it comes to augmenting their financial needs. One of the entities trusted by a lot of people is Rizal Commercial Banking Corporation or more popularly called RCBC.
Aside from its RCBC Home Loan offer, the bank also offers the Personal Loan which is a multi-purpose cash loan that clients may apply for to fund a car repair, repaint the house, do some minor expansion in the business, make a huge purchase, etc.
The RCBC has several branches in every region across the nation. Thus, its loan offer can really reach millions of Filipinos plus the fact that it is not only open for salaried individuals but as well as those who are running their own businesses or have other sources of income aside from employment.
In terms of eligibility for application to the loan offer, it depends if the loan applicant is employed or self-employed. Here are the qualifications in applying for the offer:
Employed
- 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)
- with a minimum employment tenure of 2 years and minimum gross monthly income of Php30,000
Self-Employed
- Filipino 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
- 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 RCBC Cash Loan loanable amounts, the actual borrowing amounts is a case-to-case basis depending on the bank’s assessment of the borrower’s capacity. The proof of income will be considered in the assessment of the loanable amount.
Meanwhile, the bank has set a range of the RCBC Cash Loan loanable amounts. Here are the minimum and maximum loanable amounts:
- Minimum Loanable Amount — Php 50,000
- Maximum Loanable Amount — Php 1,000,000
Do you want to apply for the cash loan offer of Rizal Commercial Banking Corporation? Prepare the documentary requirements for RCBC cash loan application and submit them to a branch of the bank nearest to you.
The loan processing may take the RCBC between 5-7 working days. Wait for an update from the bank regarding the result of your loan application.