Guide on the RCBC Personal Loan Fees To Be Deducted from the Loan Proceeds
RCBC PERSONAL LOAN FEES – Here is a list of the deduction from the proceeds of Rizal Commercial Banking Corporation (RCBC) Personal Loan offer.
Nowadays, among the usual things that people turn to when financial emergencies cross the surface are personal loan offers. These may come from lending companies or banking firms. One of those that offer it is Rizal Commercial Banking Corporation or RCBC.
RCBC got several loan offers – the RCBC Personal Loan, the RCBC Housing Loan, and the RCBC Auto Loans among others. The Housing Loan and the Auto Loan offers got specific purposes.
If your purpose in applying for a loan is not for property or car acquisition nor home renovation or construction, you can apply to the RCBC Personal Loan. It is a multi-purpose loan offer.
The RCBC Personal Loan is open for both employed and self-employed individuals. The applicant must be:
- a Filipino citizen
- at least 21 years old but not more than 65 years old upon the loan maturity
- working for at least two(2) years up to the present or
- operating a business for at least three(3) years now and the business is profitable for the past two(2) years
How much you can borrow under this loan offer? You may visit – RCBC LOAN – Minimum & Maximum Loanable Amounts Under It.
In any loan, there are fees that applicants must be aware and prepared of. For the RCBC Personal Loan fees, there is only a short list of deduction under approved loan applications.
The deductions include the processing fee and the stamp duty. Based on an article on iMoney, here is a list of the RCBC Personal Loan fees to be deducted from the loan proceeds:
- Processing Fee
- For Php 150,000.00-loan – Php 1,500.00
- For loans above Php 150,000.00 – 1% of the loan amount
- Stamp Duty
- For loans above Php 250,000.00 – Php 1.00 for every Php 200.00 in excess
Are you planning to apply for the RCBC Personal Loan offer? Visit – RCBC Personal Loan: How To Apply, Requirements To Prepare.
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READ ALSO: RCBC Personal Loans & Corporate Loans Offered To Public (Full-List)
