RCBC Home Loan Requirements & Qualifications for Application

Guide on RCBC Home Loan Requirements (Eligibility & Documentary)

RCBC HOME LOAN REQUIREMENTS – Here is a guide on the requirements and the qualifications in applying for a loan to Rizal Commercial Banking Corporation (RCBC).

In the Philippines, one of the most popular and trusted banking giants is the Rizal Commercial Banking Corporation. More commonly called RCBC, it has several loan offers for the public apart from its savings and deposit account offers and credit cards.

One of the loans offered by the RCBC is Home Loan. It is open to finance the acquisition of a residential property, house construction, home renovation, refinancing of a home loan, or for a multi-purpose loan.

RCBC Home Loan Requirements
Photo Credit: Power Philippines

Eligibility Requirements. There are qualifications set by Rizal Commercial Banking Corporation (RCBC) under the loan offer. The sets of eligibility requirements may differ depending if the applicant is employed or self-employed. To be eligible to apply for this RCBC loan offer, the borrower 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 income
    • 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

Documentary Requirements. There are RCBC Home Loan requirements or documents that you need to prepare and submit for the loan application. You need to prepare the following documents:

  • 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

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