Guide on RCBC Auto Loan Coverage for Pre-Owned Cars
RCBC AUTO LOAN – Here is a guide on the list of pre-owned cars you may purchase through a loan to Rizal Commercial Banking Corporation.
Are you planning to purchase a car soon but not yet ready for a one-time full payment for a brand new vehicle? You may turn to some entities like banks.
Several banks including the Rizal Commercial Banking Corporation or more commonly called as RCBC offer pre-owned cars that you can purchase through a loan.
The RCBC Auto Loan is open for both brand new and pre-owned vehicles. Meanwhile, it is best to check the eligibility requirements in applying for it first.
The qualifications set by the bank depends on whether or not you are employed or self-employed. Here are the lists of the eligibility requirements set by the bank:
For Employed Applicants:
- Filipino Citizen or Dual Citizen
- At least 21 years old upon loan application
- At most 65 years old upon loan maturity
- Must have a mobile number and a residence or office landline
- With a minimum employment tenure of 1 year and minimum gross monthly income of Php40,000
For Self-Employed Applicants:
- Filipino Citizen or Dual Citizen
- At least 21 years old upon loan application
- At most 70 years old upon loan maturity
- Must have a mobile number and a residence or office landline
- Business must be in profitable operations for the past 2 years
Under a loan, you only need to prepare for the downpayment aside from the requirements in applying. To check on how much is required, feel free to visit – RCBC Auto Loan Downpayment – How Much You Must Prepare (Pre-Owned Car).
Do you want to check on the pre-owned vehicles that may purchase through an RCBC Auto Loan? You may visit – www.rcbc.com.
Amid the COVID-19 pandemic now, you may do most of your transactions to RCBC even a loan application. Feel free to visit – RCBC AUTO LOAN OFFER – How To Apply For Auto Loan Online.
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 LOANS LOANABLE AMOUNTS – Updated & Complete List of Loanable Amounts
