RCBC HOME LOAN – How Much Is the Required Income in Applying

Guide on How Much Is the Required Income in Applying for RCBC Home Loan

RCBC HOME LOAN – Here is a guide on how much is the required annual income in applying for this loan offer offer of Rizal Commercial Banking Corporation (RCBC).

Nowadays, there are a lot of options in achieving your dream house although you do not have a huge savings in the bank. As long as you have a stable source of income, you may be eligible for home loan offers.

One of the bank with the said offer is the Rizal Commercial Banking Corporation or more commonly known as RCBC. It has several types of home loans catering the following purposes:

• House acquisition
• House construction
• Home renovation
• House acquisition refinancing / reimbursement
• Home loan take-out

There are only a few eligibility qualifications set by the bank under its home loan offer. To be eligible for the loan, the applicant must be:

• a Filipino, a dual Filipino citizen, or a foreigner married to a Filipino citizen
• between 21-70 years old on the days of application and loan maturity
• permanently employed for at least one(1) year already; or
• self-employed and running a profitable business for at least two(2) years already

Aside from the said qualifications, based on an article on eCompare Mo, there is a required annual income under the RCBC Home Loan. The income of the applicant should not fall below Php 240,000.00 in a year.

Do you want to know how much you can borrow under this RCBC loan offer? You may visit – RCBC HOME LOANS – How Much You Can Borrow Based On Purpose.

There are documents to be submitted in applying for the loan offer. For a guide on the application process and the requirements, you may visit – RCBC HOUSING LOAN: Procedure On How To Apply & Requirements.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

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