RCBC CAR LOAN: Minimum & Maximum Loanable Amounts & Terms

Guide on Minimum & Maximum Loanable Amounts & Terms Under RCBC Car Loan

RCBC CAR LOAN – Here is a guide on the minimum and maximum loanable amounts and terms under Rizal Commercial Banking Corporation’s car loan offer.

Aside from the RCBC Personal Loan and the RCBC Home Loan, the bank also offers an auto loan for those who are aspiring to acquire their own vehicle.

Undeniably, having your own car nowadays brings a lot of benefits. You can get to your destination at your own pacing and you can always go to anywhere you wish to go anytime.

Are you interested about the RCBC car loan? On its official website, the bank has posted details about their loan offer including the minimum and maximum loanable amounts and terms.

According to the bank, the minimum loanable amount under the RCBC Car Loan is Php 300,000.00 while the maximum loanable amount depends on the capacity of the borrower.

Minimum Loanable Amount: Php 300,000.00
Maximum Loanable Amount: Php Depends on Borrower’s Capacity

With regards to the terms, the repayment for brand new units is up to 60 months and 48 months for the second hand units. According to RCBC, payments would be done through post-dated checks.

The RCBC Car Loan comes along with a comprehensive insurance and chattel mortgage fees. You may apply to it as long as you pass the eligibility qualifications and you have the requirements:

Eligibility Qualifications

Individual, self-employed, or corporations:

• 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

Fleet Financing/Group Plan:

• Brand New Units: up to 80% of selling price
• Second Hand Units: 50-70% of appraisal value

VISIT: RCBC Auto Loan Requirements