Guide on the RCBC Auto Loan Downpayment for Brand New Car Purchase
RCBC AUTO LOAN DOWNPAYMENT – Here is a guide on how much you must prepare for the downpayment for the purchase of a brand new car.
Nowadays, one of the most beneficial things you can ever buy and own is a car. Its benefits do not solely revolve on the comfort it can bring you during the travel but as well as the practical fact that you can get to anywhere anytime most especially during emergency cases.
A car can greatly help in life-and-death scenarios. Also, if you are aboard or driving your own car, you can set the speed that is safe for you and your loved ones. It will also save you from traffic and wasting so much time as you can make your own travel schedule.
Do you want to buy a brand new car but you still cannot pay for it in full? Under the loan offer of Rizal Commercial Banking Corporation (RCBC), you only need to prepare a small part of the selling price of your target vehicle.
In purchasing a brand new car under the RCBC Auto Loan, you only need to prepare an amount for the RCBC Auto Loan downpayment. According to the bank, it is equivalent to 20% of the selling price of the vehicle.
Who are eligible to apply for the said loan offer?
There is a short list of eligibility qualifications in applying for the RCBC Auto Loan. To be eligible, the applicant must be:
- a Filipino citizen or foreigner with ACR
- between 21 to 65 years old
- permanently employed for two (2) years or self-employed and running a business with at least two (2)-year profitable operation
Do you want to know how much you can borrow under the said RCBC loan offer? Feel free to visit – RCBC Auto Loan – How Much You Can Borrow for Brand New Car Purchase (Updated).
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