List of RCBC Personal Cash Loan Qualifications for Application
RCBC PERSONAL CASH LOAN – Here is a guide on who are qualified to apply for the multi-purpose cash loan offer of Rizal Commercial Banking Corporation.
In the Philippines, there are several banks offer cash loans. If you prefer a huge lender that has already built a name in the Philippine banking field, you may turn to Rizal Commercial Banking Corporation or more popularly called RCBC.
RCBC was established in 1960 as a small development bank. Through the years, it has grown to become one of the most popular and trusted banks in the country and its offers has continually grew as well.
Now, the offers of RCBC encompass both personal and business categories. It has loans under each category and one of the offers is the RCBC Personal Cash Loan offer.
The cash loan offer application is open to finance a huge purchase, travel abroad, an event, a car repair, etc. as it is multi-purpose. It is open for both salaried and non-salaried individuals who meet the eligibility criteria set by the bank.
If you are employed, you need to meet the following qualifications to be eligible to apply for the RCBC Personal Cash Loan offer:
- 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, 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 or running your own business, here are the eligibility requirements set by the bank for qualification under the loan offer:
- Filipino Citizen
- at least 21 years old upon loan application
- at most 65 years old upon 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 offer of RCBC is non-collateral. You do not have to present any property of yours as the collateral to qualify for the loan offer. There is also no need for a guarantor.
Countless individuals prefer a loan from the bank compared with borrowing from private individuals because of the high loanable amounts and the fixed loan term transaction.
