Guide on How To Apply for RCBC Auto Loan 2024 & the Requirements
HOW TO APPLY FOR RCBC AUTO LOAN 2024 – Here is a guide in applying for the Rizal Commercial Banking Corporation loan offer.
One of the banks in the Philippines with an Auto Loan offer is Rizal Commercial Banking Corporation. More popularly called RCBC, its offer got excellent features that can allow you to start enjoying the benefits of your dream car while paying for it in monthly installments that do not hurt your pocket.
There is a huge advantage in having your own car. You can get to anywhere you want at any time of the day and it is an excellent preparation against emergency situations. You can readily go somewhere you need to be even at the wee hours of the day. There is an easy process on how to apply for the RCBC Auto Loan offer.
Are you ready which car to choose and buy? Here are the steps on how to apply for the RCBC Auto Loan offer:
Step 1 — Are you qualified?
The eligibility criteria depends if the loan application is employed or self-employed. The offer is open not only for Filipino citizens but as well as dual citizens. If you are locally-employed, here are the qualifications you must meet to be eligible to apply for the loan offer:
- Filipino Citizen or Dual Citizen
- at least 21 years old upon loan application
- 65 years old and below upon the 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 Php 40,000
There is a different set of eligibility criteria set for loan applications who are self-employed. For a non-salaried applicant to qualify for the offer, here are the qualifications you must meet:
- Filipino Citizen or Dual Citizen
- at least 21 years old upon loan application
- 70 years old and below upon the loan maturity
- must have a mobile number and a residence or office landline
- Business must be in profitable operations for the past 2 years
Step 2 — Gather the requirements.
Prepare the requirements in applying for the RCBC Auto Loan offer. The set of the required documents depend if the loan applicant is employed or self-employed.
Step 3 — File your loan application.
Go to a branch of RCBC and submit your documentary requirements. Wait for an update from the bank on the result of your loan application.
