RCBC AUTO LOAN – How Much You Must Pay Monthly For Purchasing Second-Hand Car

Guide on Your Possible Monthly Payment For Second-Hand Car Purchase Under RCBC Auto Loan

RCBC AUTO LOAN – Here is a guide on how much is the monthly payment for purchasing a second-hand car under this Rizal Commercial Bank Corporation loan offer.

When it comes to car purchase, people may not totally agree. Some would prefer a brand new car to avoid the possibility of getting one that requires high maintenance while others would go for second-hand ones for a lesser payment.

A lot of people would also consider a car loan to get some financial aid. Through it, you do not have to wait for a long time to be able to save a huge amount of money to buy a car in cash. You can start enjoying the benefits of driving your own car soon while paying for it in monthly basis.

One of the banks with the said offer is Rizal Commercial Banking Corporation. More commonly called as RCBC, its loan offer is open for the purchase of a brand new vehicle and as well as a pre-owned car.

RCBC Auto Loan

In the case of buying a pre-owned car, the downpayment under the RCBC Auto Loan is equal to 30% of the selling price of the vehicle. Here are the loanable amounts under this offer:

  • Minimum Loanable Amount – Php 200,000.00
  • Maximum Loanable Amount – Up to 70% of the appraised value of the vehicle

With regards to the payment terms, the minimum loan tenor is twelve (12) months or one (1) year. You can stretch your loan term for up to sixty (60) months or five (5) years. To be eligible for the said offer, the applicant must be:

  • a Filipino citizen or a foreigner with ACR
  • between 21 to 65 years old
  • permanently employed for two (2) years already
  • self-employed and running a business with profitable operations for at least two (2) years now

Do you want to apply for the said loan offer? You may visit – RCBC AUTO LOAN – How To Apply & Requirements To Prepare.

You might like to know how much you must pay monthly in purchasing a second-hand car under BDO Auto Loan. You may visit the online calculator provided by the bank for its aspiring clients – https://cutt.ly/4ekW5U5.

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.

READ ALSO: RCBC Personal Loans & Corporate Loans Offered To Public (Full-List)

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