List of RCBC Cash Loan Qualifications Clients Must Meet for Application
RCBC CASH LOAN QUALIFICATIONS – Here is a guide on who are qualified to apply for the multi-purpose Personal Loan offer of Rizal Commercial Banking Corporation.
In the Philippines, one of the trusted banks that have built a name in the financing industry is the Rizal Commercial Banking Corporation. More popularly called RCBC, it has several offers that is delivered by hundreds of its branches across the nation.
Among the offers of RCBC are loans. It has a loan offer for individuals who are looking for financing of a vehicle purchase as well as a loan to finance a residential property acquisition, house construction, and home renovation. It also has a multi-purpose loan offer — the RCBC Personal Loan.
The said RCBC cash loan offer can lend you as much as Php 1 million that can help meet multiple short-term financial needs. Under it, the borrower has an option to pay the loan within three (3) years if you want monthly amortizations that will not take a big cut from your monthly salary.
Who are qualified to apply for the Personal Loan offer? There are separate RCBC cash loan qualifications among the employed and self-employed clients. To qualify for the loan offer if you are employed, you must meet the following eligibility criteria:
- Filipino Citizen or Dual Citizen
- at least 21 years old upon loan application
- 65 years old and below upon the loan maturity
- must have a mobile number, residence landline, or office landline
- must be locally employed at a company registered with Securities and Exchange Commission (SEC)
- with a minimum employment tenure of 2 years and minimum gross monthly income of Php30,000
If you are self-employed, there is a different set of RCBC cash loan qualifications for application. Here is the eligibility criteria:
- Filipino Citizen
- at least 21 years old upon loan application
- 65 years old and below upon the loan maturity
- must have a mobile number, residence landline, or office landline
- with business operating in the Philippines for at least 3 years and profitable for the past 2 years, and minimum gross monthly income of Php100,000
The loan application can be approved within a week. Truth be told that not everyone has enough time for loan processing or can hardly go absent for a day from work for the loan application. Undeniably, it may maximize the need for a financial solution.
It is best to follow a step-by-step process in applying for the RCBC cash loan offer to ensure that you won’t be wasting a lot of time, money, and energy.
