Borrow RCBC Home Loan – Guide on Minimum & Maximum Loanable Amounts

Guide on How Much You May Borrow under RCBC Home Loan Offer

BORROW RCBC HOME LOAN – Here are the minimum and maximum loanable amounts under this RCBC Housing Loan offer.

The Rizal Commercial Banking Corporation (RCBC) is one of the banks in the Philippines with a Home Loan offer. You can borrow from the RCBC Home Loan for the financing of a residential property acquisition, house construction, home renovation, and home loan take-out.

Under the said loan offer, the minimum loanable amount is P1 million but the bank has not stated a limit as to the maximum. The maximum loan term is 20 years.

In applying for the loan offer, there are both qualifications and documentary requirements in the application. To be eligible to apply for the loan offer, the loan applicant must be:

• a Filipino; dual citizen; or a foreigner married to a Filipino
• at least 21 years old upon the loan application
• not more than 65 years old upon the loan maturity if employed and not more than 70 years old at the time of the end of the loan term if self-employed
• having a mobile number and a landline contact number at home or at work
• having a stable source of inco
  • if employed, the applicant must be earning at least P40,000 gross income monthly
  • if self-employed, the applicant must be running a profitable business for at least two (2) years already at the time of the loan application

With regards to the documentary requirements in applying for the loan offer, the set of documents that an applicant will need to submit depends whether he/she is employed or self-employed. Here are the requirements:

• Accomplished RCBC Home Loan Application Form
• proof of income:
  • If employed:
    • Certificate of Employment (COE) or latest ITR
    • 2 valid government-issued IDs
    • TIN
    • Utility bill
  • If self-employed:
    • Business Registration with DTI
    • Audited Financial Statements
    • ITR or bank statements

Aside from the Home Loan offer, the RCBC also offers a personal cash loan. You may visit – RCBC Personal Cash Loan: How To Apply & the Requirements in Applying.