Guide on RCBC Corporate Loan Requirements for Employers Application Process
RCBC CORPORATE LOAN REQUIREMENTS – Here is a guide for the employers of the accredited companies on the loan offer.
There are a lot of banking entities in the Philippines. One of the giants in the field is the Rizal Commercial Banking Corporation, more popularly called RCBC, which is operational for decades now. It is one of the banks with corporate offers.
Aside from the personal loan offers of Rizal Commercial Banking Corporation which include the RCBC Auto Loan, the RCBC Home Loan, and the RCBC Cash Loan, the bank also has corporate loan offer that is open not only for the employees of the accredited companies but as well as the employers.
In the case of the employers of the accredited companies, the loan is made available to boost the working capital. It is a non-collateral credit line facility that is payable from six (6) months up to 60 months.
Who are qualified to apply for the Salary Loan offer as an employer? Here are the eligibility requirements set by the bank for application:
- private company registered to the Securities and Exchange Commission (SEC)
- operational for at least five (5) years already
- profitable in the last three (3) years
- with at least 50 regular companies
Documentary Requirements. The RCBC Corporate Loan requirements also includes the submission of the following documents required in applying for the RCBC offer:
- Company Accreditation
- duly-accomplished and signed RCBC Corporate Salary Loan Application Form
- SEC Certificate of Registration
- Articles of Incorporation and By-Laws
- Latest General Information Sheet
- Latest 3 years audited financial statements
- Tax Returns
- Latest 3 years Income
- Company Profile
An accreditation to RCBC can boost the employee retention as it provides your employees more resources that they can turn to for their financial needs. It can be a top up to the salary loan or any other financial assistance that the company extends to its workers.
