Details about the RCBC Home Loan Amount 2024 & the Other Details
RCBC HOME LOAN AMOUNT 2024 – You can check here the loanable amount under the loan offer of Rizal Commercial Banking Corporation.
Have you heard about the Home Loan offer of Rizal Commercial Banking Corporation? More popularly called RCBC, the bank which is one of the trusted and the most popular entity in the Philippine banking industry has several offers.
RCBC has both loans under its personal and business categories of offers. Aside from the RCBC Cash Loan, another loan offer under its personal offers is the RCBC Home Loan that can finance your residential property acquisition, house construction, home loan take-out and even multi-purpose loan using your property as the collateral.
Who are qualified to apply for the Home Loan offer of Rizal Commercial Banking Corporation? The eligibility criteria depends whether you are locally-employed or self-employed. Here is a guide on the qualifications for application:
IF EMPLOYED
- Filipino Citizen / Dual Citizen / Foreigner married to a Filipino citizen
- at least 21 years old upon loan application
- at most 65 years old upon loan maturity
- must have a mobile number and a residence or office landline
- with a minimum employment tenure of 1 year and minimum gross monthly income of Php40,000
If the loan applicant is an overseas Filipino worker (OFW), the aspiring borrower must have worked abroad for at least 2 consecutive years.
IF SELF-EMPLOYED
- Filipino Citizen / Dual Citizen / Foreigner married to a Filipino citizen
- at least 21 years old upon loan application
- at most 70 years old upon loan maturity
- must have a mobile number and a residence or office landline
- the business must be in profitable operations for the past 2 years
With regards to the RCBC Home Loan amount allowed for borrowing, the minimum loanable amount under the offer is Php 1 million. It is payable for up to 20 years with a fixing period option of up to 20 years as well.
The RCBC only requires a 20% downpayment. For example, if you borrowed Php 1 million, you must have a downpayment of at least Php 200,000.00.
In applying for the loan offer, there are requirements for the RCBC Home Loan application process. It also depends if you are employed or self-employed.