Guide on RCBC Auto Loan Requirements 2025 for Application
RCBC AUTO LOAN REQUIREMENTS 2025 – For self-employed individuals who want to apply for the offer, here are the documents that you should submit to Rizal Commercial Banking Corporation.
Are you one of the people who are eager to drive a car of your own soon? Even if you are self-employed, you don’t have to wait for several years or decades saving money for the car of your dreams. There are reputable loan providers that you can turn to.
It is important to transact with a trusted banking entity. In the Philippines, one of the reputable loan-providing banks that you may turn to is the Rizal Commercial Banking Corporation or more popularly called RCBC. It has several offers including varieties of bank accounts, credit cards, and loans.
With regards to the loan offer of the bank, aside from the RCBC Salary Loan offer, the bank also has the RCBC Auto Loan that is open for both employed and self-employed individuals. You may apply for it for the financing of your dream car whether it is a brand new or a pre-owned vehicle.
While the loan offer is open for both salaried and non-salaried individuals, there are varying RCBC Auto Loan requirements. Before checking on the documents that you need to prepare in applying for the loan. it is important to check if you are qualified to apply for the offer.
For self-employed individuals who want to apply for the loan, here are the RCBC Auto Loan requirements in terms of qualifications in applying for the offer:
- Filipino Citizen or Dual Citizen
- at least 21 years old upon the 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
With regards to the RCBC Auto Loan requirements pertaining to the documents that you need to submit, here are the documents that the bank requires from the self-employed loan applicants:
- duly-accomplished and signed RCBC Auto Loan Application Form
- Business registration with the Department of Trade and Industry (DTI)
- Audited financial statements
- Income Tax Return (ITR) or bank statements
To apply for the loan, visit a branch of the RCBC nearest to you and submit your documents for the processing of your loan application. The loan application approval may take as fast as one (1) processing day. You might also like to know about the RCBC Cash Loan.