Guide on RCBC Cash Interest Rate 2024 for Clients
RCBC CASH LOAN INTEREST RATE 2024 – Here are the rates that Rizal Commercial Banking Corp. implement under its Personal Loan offer.
Have you heard about the personal cash loan offer of Rizal Commercial Banking Corporation? It is one of the best options that you can turn to in times of financial needs. It is provided by one of the giants and the most trusted banking entity in the country.
RCBC is one of the banks that has long served the Filipino people. Aside from its RCBC Home Loan, it also has the Personal Loan which is a multi-purpose cash loan offer that is open for both employed and self-employed individuals.
The Rizal Commercial Banking Corporation has set different requirements for eligibility for application among salaried and non salaried individuals. Here is a guide on the qualifications in applying for the loan offer:
Employed Applicants
- 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 Applicants
- 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
The range of the loanable amounts under the RCBC Cash Loan offer was posted by the bank. Meanwhile, the borrower’s capacity plays a factor in the borrowing amounts allowed for a client.
With regards to the RCBC Cash Loan interest rate, it is at 1.3% monthly basis. The loan is payable from six (6) months up to 36 months.
The RCBC cash loan interest rate applies until the loan is fully paid. To apply for the loan offer, prepare the requirements for RCBC cash loan application. Submit your documents to RCBC. The loan processing may take between five (5) to seven (7) working days.