Guide on How Much You Can Borrow To Buy Brand New Car Under RCBC Car Loan
RCBC CAR LOAN – Here is a guide on how much you can borrow under this RCBC loan offer for the purchase of a brand new car.
Undeniably, not everyone has the courage to purchase a brand new car. It is because buying one will need a huge amount of money. For an average earner, it may take several years of saving money.
But, actually, that is not the only case. You do not have to wait for years to be able to save money to purchase a brand new car. There are several loan offers that you may consider.
Banks, lending companies, and financing firms offer loans for car purchase. One of them is Rizal Commercial Banking Corporation.
RCBC has opened its loan offer not only for the purchase of a second-hand vehicle but as well as a brand new one. To be eligible to apply for it, the applicant must be:
- a Filipino citizen / a foreigner with ACR
- at least 21 years old upon the loan application
- not more than 60 years old upon the loan maturity for employed applicants and 70 years old for self-employed applicants
- employed or self-employed with a stable source of income
How much can you borrow under RCBC Auto Loan for brand new car purchase?
- Minimum Loanable Amount – Php 300,000.00
- Maximum Loanable Amount – Up to 80% of the selling price of the car
Are you interested to apply for this RCBC loan offer? For a guide on the application process, you may visit – RCBC AUTO LOAN – How To Apply & Requirements To Prepare.
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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