Guide On How Much You Can Borrow Under the RCBC Home Loans Depending on Application Purpose
RCBC HOME LOANS – Here is a guide on how much you can borrow under the home loan offers of Rizal Commercial Banking Corp. based on the application purpose.
One of the Philippine banks that offer different types of loans to the public is Rizal Commercial Banking Corp. More commonly called as RCBC, it has a multi-purpose loan offer.
The multi-purpose loan offer of the bank is the RCBC Personal Loan. It can aid you in making ends meet, paying for the utility bills, making a big purchase, coping with hospital bills, traveling, etc.
Aside from the Personal Loan offer, the bank also got offers that can help you achieve big steps in life. Among these offers are the RCBC Home Loans that are open for several purposes related to residential properties.
Based on the official website of the bank, the bank can assist you in purchasing a residential lot, a house and lot, a condominium unit, or a townhouse. It can also finance you in your house construction or home renovation.
The purposes of the home loan offers do not end to that. You may also apply for it to refinance or reimburse your purchase of a residential property or a home loan take-out.
Do you want to know how much you can borrow under the RCBC Home Loans? The loanable amounts would vary based on the application purpose. Here is a list of the minimum and maximum loanable amounts under each purpose:
Residential Property Acquisition
- Minimum Loanable Amount – Php 1,000,000.00
- Maximum Loanable Amount – Up to 80% of the appraised value of the property
House Construction / Home Renovation
- Minimum Loanable Amount – Php 300,000.00
- Maximum Loanable Amount – Up to 80% of the appraised value of the property
Refinancing / Reimbursement
- Minimum Loanable Amount – Php 300,000.00
- Maximum Loanable Amount – Up to 80% of the appraised value of the property
Home Loan Take-out
- Minimum Loanable Amount – Php 300,000.00
- Maximum Loanable Amount – Up to 80% of the appraised value of the property
Do you want to apply for the RCBC Home Loan? Here is a guide on the documents that you must prepare and submit to the bank – RCBC Home Loan Requirements: What You Need To Prepare In Applying.
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