RCBC Auto Loan: Who Are Qualified To Apply For this Loan Offer

Guide on RCBC Auto Loan Application Qualifications

RCBC AUTO LOAN – Here is a guide on the qualifications set by Rizal Commercial Banking Corporation (RCBC) under this loan offer.

Buying a house and lot and a car are among the biggest dreams that are common among a lot of people. These two (2) are huge purchases but they are achievable – in fact, it is even more attainable now due to the many offers around.

If you care not ready to buy a car through a one-time cash payment, you may turn to loans. There are several banks in the Philippines and as well as lending companies and financing firms that have offers for the purpose of financing a car purchase.

One of the banks in the Philippines with auto loans is Rizal Commercial Banking Corporation. This bank which has a lot of branches across the nation is more commonly called RCBC.

With regards to the RCBC Auto Loan offer, it is open for both purposes – to finance the purchase of a brand new car and a second-hand car. Who are qualified to apply for it? It is open to both employed and self-employed individuals but the eligibility requirements may differ.

If you are employed, you must be…

• a 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

If you are self-employed, you must be…

• a 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

RCBC has also set documentary requirements in applying for this loan offer. To check the documents that you must prepare, please visit – LIST: Requirements for RCBC Auto Loan You Must Prepare for in Applying.