Guide on Whether Guarantor Is Needed in Applying for RCBC Salary Loan Offer or Not
RCBC SALARY LOAN OFFER – Here is a guide on whether a guarantor is required in applying for it or not.
Some banks in the Philippines got both offers that are open for the public and those that are only open for a specific group of people. Usually, these exclusive offers are for the employees of the companies that are accredited to them.
One of the banks with exclusive offers is the Rizal Commercial Banking Corporation. It is more commonly called as RCBC.
One of the said exclusive offers is the RCBC Salary Loan. It is multi-purpose loan offer that can help employees make ends meet and as well as achieve personal goals.
You may apply for the RCBC Salary Loan offer even without a guarantor as long as your company is accredited to the bank. You may pay for the loan for at least six (6) months and up to thirty-six (36) months.
For your convenience, the payment can be done through a salary deduction. In this way, you will not miss the payments and have no choice but to pay for the late-payment fees.
The bank has not provided any detail regarding the loanable amount under the RCBC Salary Loan offer. Meanwhile, here is a guide on how to apply for the said loan offer – RCBC CORPORATE LOAN – How To Apply for RCBC Salary Loan Offer.
If your company is not accredited to the bank yet and you want to provide more assistance to your employees, you may start gathering these documents now for the RCBC accreditation:
- Accomplished Application form
- SEC Corporate Papers (Articles of Incorporation and By-Laws)
- Audited Financial Statements for the past 3 years
- Latest General Information Sheet
- Company Profile with background information on key officers of the company
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