Guide on RCBC Auto Loan Requirements You Must Submit To Apply
RCBC AUTO LOAN REQUIREMENTS – You can check here the qualifications in applying for the Rizal Comnmercial Banking Corporation and the documents required for application.
Have you heard about the car loan offer of Rizal Commercial Banking Corporation? More popularly called RCBC, the bank is ready to finance the purchase of both brand new and pre-owned vehicles as well as motorcycles.
With the RCBC Auto Loan offer, you do not have to wait long before you can finally get your grip of the steering wheel of your dream car. The loan is payable for up 60 months thus there is an option for low monthly installments.
You can choose between having low monthly amortizations or a convenient handling of the insurance coverage payment. The interest rate is at least 5.35%.
Who are qualified to apply for the RCBC Auto Loan offer of the bank? The loan is open for both salaried and non-salaried individuals. Here are the qualifications in applying for the loan offer of the bank:
Employed Applicants
- Filipino Citizen or Dual Citizen
- at least 21 years old upon loan application
- at most 65 years old upon loan maturity
- has 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
Self-Employed Applicant
- Filipino Citizen or Dual Citizen
- at least 21 years old upon loan application
- at most 70 years old upon loan maturity
- has a mobile number and a residence or office landline
- business must be in profitable operations for the past 2 years
There are also RCBC Auto Loan requirements that qualified individuals must submit in applying for the loan offer. The lists of documents required by Rizal Commercial Banking Corporation vary among the employed and self-employed individuals.
For the employed individuals, here are the documents required by the bank in applying for the loan offer:
- duly-accomplished RCBC Auto Loan Application Form
- Certificate of Employment (COE) or latest ITR
- 2 valid government-issued IDs
- Utility Bill
- Tax Identification Number (TIN)
For the self-employed individuals who want to apply for the loan offer, here are the RCBC Auto Loan requirements you must submit to apply:
- duly-accomplished RCBC Auto Loan Application Form
- Business registration with DTI
- Audited financial statements
- ITR or bank statements