List of RCBC Auto Loan Requirements Needed in Applying
RCBC AUTO LOAN REQUIREMENTS – Here is a list of the requirements that you must prepare in applying for the auto loan offer of Rizal Commercial Banking Corp.
Nowadays, there are a lot of ways on how to acquire your own vehicle even if you don’t have the money to pay for it in full. You can buy a car by applying for a loan in banks that offer it and one of them is RCBC.
Aside from the RCBC Personal Loan and RCBC Home Loan, the bank also offers a car loan which has a flexible term. You can pay for the loan up to five(5) years.
You just have to pass the eligibility qualifications set by the bank for “MyWheels Loan” and submit the Auto Loan requirements asked based on your employment status.
The lists of the RCBC Auto Loan requirements may differ among applicants who are employed, self-employed, and corporate.
Based on the official website of Rizal Commercial Banking Corp., here is a full list of the eligibility qualifications and the RCBC Auto Loan requirements in applying for a car loan:
Eligibility Qualifications
For individual, self-employed, or corporate applicants:
- Filipino citizen/alien with ACR
- Between 21-65 years old
- If married, with marital consent
- At least 2 years at present residence
- Permanently employed for 2 years
- Income 3x monthly amortization
For Fleet Financing/Group Plan:
- Brand New Units: up to 80% of selling price
- Second Hand Units: 50-70% of appraisal value
RCBC Auto Loan Requirements
For employed:
- Accomplished Application Form
- Certificate of Employment and Compensation
- Valid Government IDs
For self-employed:
- Accomplished Application Form
- Copy of last 2 years ITR
- Latest 2 years Financial Statements
For Corporate:
- Accomplished Application Form
- Copy of last 2 years ITR
- Latest 2 years Financial Statements
Thank you for visiting our website. We hope we have helped you with regards to your application for a car loan to RCBC. You may keep coming back for more informative guides.
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I am a retired US pensioner with a home in Dumaguete City I am 68 yrs old & a dual citizen. Me & husband earn more than $2,000 a month.Can we avail of your car loan. Thank you.