Details about the RCBC Cash Loan Amount — How Much You May Borrow
RCBC CASH LOAN AMOUNT – Here is a guide on how much you may borrow under the Personal Loan offer of Rizal Commercial Banking Corp.
Are you looking for a bank where you may apply for a cash loan? One of the entities that you may turn to is Rizal Commercial Banking Corporation or more popularly called RCBC. It has a Personal Loan offer which is multi-purpose.
The RCBC has built a reputable name in the field of Philippine banking. It offers savings and checking accounts, loans, credit cards, investment products, and insurance policies among others.
With regards to the RCBC Personal Loan offer, the bank boasts its offer with a fast and easy application process along with a huge maximum loanable amount and flexible loan terms.
How much is the RCBC cash loan amount allowed for borrowing under the loan offer? While the actual loanable amount will depend on certain factors including the borrower’s capacity to pay, here are the minimum and maximum loanable amounts under the offer:
- Minimum Loanable Amount — Php 50,000.00
- Maximum Loanable Amount — Php 1 million
The loan is payable from six (6) months up to 36 months. With regards to the loan interest rate implemented under the offer, it is at 1.3% per month on an add-on scheme.
The interest rate applies to the RCBC cash loan amount until the loan is fully-paid. It is really an edge to know the interest rate to determine how much interest the amount your borrowed will incur.
Truth be told that a lot of individuals settle on simply knowing the amount of the monthly amortization in paying for the loan. However, if you want to lower the cost for the interest, an idea about the rate can help you determine how to do it.
There is an easy process in applying for the RCBC cash loan offer. You may get your money in as fast as five (5) working days as long as you have submitted the complete set of documentary requirements.