Guide on How Much You May Borrow For House Construction Under the RCBC Home Loan Offer
RCBC HOME LOAN – Here is a guide on how much you may borrow from Rizal Commercial Banking Corporation for the purpose of house construction.
A lot of people wanted to have a house they can call their own but only a few can risk enough to get it. Are you currently paying for monthly rents for an apartment or a house and lot?
No matter how long you will stay in your apartment or house and lot and pay for the rent monthly, the property will never be yours. On the other side, loans may require you to pay an interest but at the end of the term, the residential property is yours.
There are several banks with housing loan offers. One of them is the RIzal Commercial Banking Corporation. You may apply for the RCBC Home Loan.
The RCBC Home Loan is open for a lot of purposes. You may apply for it to buy a house and lot, to construct a house, to renovate your home, or for the re-financing of your loan.
If you already have a lot but you don’t have a budget for the house construction, the said loan offer may be perfect for you. To be eligible for the said loan offer, the applicant must be:
- a Filipino / a dual Filipino citizen / a foreigner married to a Filipino
- at least 21 years old
- not more than 70 years old upon the loan maturity
- permanently employed for at least a year or self-employed and running a profitable business for at least two (2) years already
How much you may borrow under the RCBC Home Loan for house construction?
- Minimum Loanable Amount – Php 300,000.00
- Maximum Loanable Amount – Up to 80% of the appraised value of the property
Are you planning to pursue an application to RCBC? Feel free to visit this page for a guide on the process – APPLY RCBC HOME LOAN – Online Application Form For Home Loan Offers.
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