Guide on RCBC Home Loan Requirements You Must Submit To Apply
RCBC HOME LOAN REQUIREMENTS – You can check here the qualifications and the requirements in applying for the Rizal Commercial Banking Corp. offer.
Are you looking for a bank that can help you finance your pursuit to achieving your dream house? In the Philippines, one of the trusted entities that you may turn to is the Rizal Commercial Banking Corporation.
More popularly called RCBC, the Rizal Commercial Banking Corporation is one of the most popular and trusted banks in the country. Aside from the RCBC Auto Loans, the bank also has a home loan offer that can finance multiple purposes related with residential property acquisition.
You may apply for the RCBC Home Loan offer to finance a residential property acquisition whether it is a vacant lot, a house and lot, or a condominium unit; a house construction; a home renovation; and the refinancing of an existing home loan.
The loan offer is also open for loan applications to obtain funds using a residential property as the collateral. The loan offer is open for both employed and self-employed individuals who qualify to the loan offer.
Who are qualified to apply for the RCBC Home Loan? Before preparing the RCBC Home Loan requirements, it is best to check on the eligibility requirements set by the bank first. The bank has set varying qualifications among the loan applicants:
Employed Individuals
- Filipino Citizen or Dual Citizen
- If foreigner, must be 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 Php 40,000
- If OFW, must have worked abroad for at least 2 consecutive years
Self-Employed Individuals
- Filipino Citizen or Dual Citizen
- If foreigner, must be 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
- business must be in profitable operations for the past 2 years
In applying for the loan offer, there are also RCBC Home Loan requirements you must prepare for application. Here is a guide on the documents required by the bank for application:
Employed Individuals
- duly-accomplished RCBC Home Loan Application Form
- copy of TCT and Tax Declaration (Land & Improvement)
- Bill of Materials (Construction)
- Certificate of Employment (COE) or latest ITR
- 2 valid government-issued IDs
- TIN
- Utility bill
Self-Employed Individuals
- duly-accomplished RCBC Home Loan Application Form
- copy of TCT and Tax Declaration (Land & Improvement)
- Bill of Materials (Construction)
- Business Registration with DTI
- Audited Financial Statements
- ITR or bank statements