Steps for RCBC Auto Loan 2024 Application Process
RCBC AUTO LOAN 2024 – Here are the features of the car loan offer and a process on how to apply for it to Rizal Commercial Banking Corporation.
Do you want to get your own car soon? If you want it financed by a trusted entity, you may turn to Rizal Commercial Banking Corporation or more popularly called RCBC. It has a loan offer that can finance the purchase of a vehicle whether it is brand new or pre-owned.
The Rizal Commercial Banking Corporation has been in the service of the Filipino people for decades already. The RCBC Auto Loan offer is ready to finance not only car purchases but as well as motorcycle acquisition. It has several excellent features.
The RCBC boasts its loan offer with the following features:
- low monthly amortization
- flexible insurance coverage for the entire loan term
- free insurance coverage for the first year of your loan term, free chattel mortgage fees, and a low downpayment
The RCBC Auto Loan offer is ready to finance a car or motorcycle purchase whether the unit is brand new or pre-owned. Under the offer, here are the minimum and maximum loanable amounts:
- Minimum Loanable Amount — Php 300,000
- Maximum Loanable Amount — depends on bank assessment
How to apply for the RCBC Auto Loan offer? Here are the steps that you may follow to ensure a smooth application process:
Step 1 — Check your eligibility to apply for the loan. The RCBC has set qualifications in applying for the loan offer. If you are locally-employed, here are the eligibility requirements set by the bank:
- 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 Php 40,000
There is a separate list of requirements for the self-employed applicants. Here are the qualifications set by the bank for the loan application:
- 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
Step 2 — Prepare the documentary requirements. To apply for the offer, there are RCBC Auto Loan requirements that you need to prepare. The list depends if you are locally-employed or self-employed.
Step 3 — Go to RCBC. Visit a branch of Rizal Commercial Banking Corporation nearest to you and submit your requirements to file your loan application.
