Guide on the RCBC Home Loan Requirements 2024 for Application Process
RCBC HOME LOAN REQUIREMENTS 2024 – Here are the documents required in applying for the Rizal Commercial Banking Corp. offer.
One of the biggest entities in the field of Philippine banking is Rizal Commercial Banking Corporation, more popularly called RCBC, which is serving the Filipino people for decades now. It has several offers for the public.
The bank has the RCBC Cash Loan, the Auto Loan offer, as well as the Home Loan offer. The offers are open for both salaried and non-salaried individuals including Filipinos, individuals who are dual citizens, and foreigners married to Filipinos.
If you want to acquire a residential property under a loan offer, you may turn to the RCBC Home Loan offer. The loan can finance not only the purchase of a residential property may it be a vacant lot, a house and lot, or a condominium unit but as well as house construction and the refinancing of an existing home loan.
You may also borrow an amount equivalent to the appraised value of your property and use your property as the collateral. What are the RCBC home loan requirements?
The RCBC Home Loan requirements actually depend if you are employed or self-employed. Here the documents required by the bank for the loan application:
FOR EMPLOYED INDIVIDUALS:
- accomplished RCBC Home Loan Application Form
- copy of TCT and Tax Declaration (Land & Improvement)
- Bill of Materials (Construction)
- proof of income:
- Certificate of Employment (COE) or latest Income Tax Return (ITR)
- Two (2) valid government-issued IDs
- Tax Identification Number (TIN)
- Utility bill
FOR SELF-EMPLOYED INDIVIDUALS:
- accomplished RCBC Home Loan Application Form
- copy of TCT and Tax Declaration (Land & Improvement)
- Bill of Materials (Construction)
- proof of income:
- Business Registration with the Department of Trade Industry (DTI)
- Audited Financial Statements
- Income Tax Return or Bank Statements
