Guide on the Requirements for RCBC Home Loan You Must Submit To Apply
REQUIREMENTS FOR RCBC HOME LOAN APPLICATION 2024 – Here are the documents required in applying for the Rizal Commercial Banking Corporation loan.
Are you looking for a bank where you may apply for a home loan? One of the banking entities that you may turn to is the Rizal Commercial Banking Corporation. More popularly called RCBC, it is one of the most popular and trusted banking entities in the country.
The RCBC has several loan offers. Aside from the RCBC Cash Loan offer, the bank also has the RCBC Home Loan offer that is open to finance a house and lot or another residential unit purchase, house construction, home renovation, or using the residential property as the collateral for a multi-purpose loan.
The loan offer is open for both salaried and non-salaried individuals. The requirements for the RCBC Home Loan application depends if you are employed or self-employed.
For employed individuals, here are the documents that Rizal Commercial Banking Corporation requires in applying for the loan offer:
- accomplished RCBC Home Loan Application Form
- source of income (any of the following):
- Certificate of Employment (COE) or latest Income Tax Return (ITR)
- 2 valid government-issued IDs
- Tax Identification Number (TIN)
- Utility bill
There is a different set of general requirements for the RCBC Home Loan application. Here are the documents required by the bank:
- accomplished RCBC Home Loan Application Form
- source of income (any of the following):
- Business Registration with DTI or the Department of Trade and Industry
- Audited Financial Statements
- ITR or bank statements
There are specific requirements in certain cases. Here are the additional documents required by RCBC in applying for the Home Loan offer based on the purpose of loan application:
- For Property Purchase and Land Improvement — copy of Transfer Certificate of Title (TCT) and Tax Declaration
- For Construction — Bill of Materials