Guide on RCBC Cash Loan 2024 Offer Application Process
RCBC CASH LOAN 2024 – Here’s a step-by-step guide in applying for the Personal Loan offer of Rizal Commercial Banking Corporation.
In times of financial needs, among the entities that you may turn to are banks and lending companies. Under the former, one of the most popular and trusted is Rizal Commercial Banking Corporation or more popularly called RCBC. It has been in the service of the Filipino people for decades already.
The RCBC’s offers include savings and deposit accounts, credit cards, and loans. Aside from the RCBC Corporate Loans that were crafted to help businesses, there is also a Personal Loan offer that individuals can turn to to help address their short-term financial needs.
The RCBC cash loan offer features high loanable amounts, low interest rates, and flexible repayment terms. With regards to the borrowing amounts, RCBC has posted the loanable amounts under its cash loan offer but it depends on the assessment of the capacity of the borrower.
On the interest rate under the RCBC cash loan, it is on a monthly basis. It applies until the loan is fully paid. It can be repaid from six (6) months up to 36 monthes.
Step 1 — Check the Eligibility Requirements. The Rizal Commercial Banking Corporation has set different lists of qualifying criteria for employed and self-employed applicants of the loan offer. If you are employed, here are the qualifications that you must meet:
- 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
For self-employed applicants who wish to apply for the RCBC loan offer, here are the eligibility requirements you must meet to qualify for the loan offer:
- 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
Step 2 — Prepare the documentary requirements for RCBC cash loan application. The list also depends if you are locally-employed or self-employed.
Step 3 — Bring your requirements with you and visit a branch of RCBC. Submit your documents and be ready for an interview. After it, wait for an update from the bank regarding the result of your loan application. The loan processing may take between five (5) to seven (7) working days.