RCBC Auto Loan Offer Can Finance Motorcycle Purchase
Here is a guide on the loanable amount under the RCBC Auto Loan offer which accepts financing of a motorcycle purchase.
One of the most trusted banks in the Philippines for decades now is Rizal Commercial Banking Corporation. More popularly called RCBC, it has several branches across the nation thus its offers are really accessible to the public.
The RCBC offers include both personal and corporate products and services. It got the following:
- bank accounts
- savings accounts
- checking accounts
- time deposit accounts
- foreign currency accounts
- loans
- credit cards
- insurance policies
- investment products
Under its loans, one of the offers is the RCBC Auto Loan that accepts the financing of a motorcycle purchase. The bank can fund the purchase of both brand new and pre-owned vehicles.
Under the loan offer, the minimum loanable amount is Php 300,000 but it can be a different case if the vehicle involved is a motorcycle. According to the bank, the downpayment is set at 20%.
For example, the selling price of the motorcycle is Php 100,000, you only need Php 20,000 as downpayment. The loan can be paid up for up to 60 monthly installments.
Are you excited to drive your own motorcycle soon? Nowadays, more and more individuals prefer traveling through a motorcycle because of its low fuel consumption. Truth be told that the fuel prices now is way higher compared before and it takes a huge slice from the pie of the monthly budget.
Also, the heavy traffic that is usual in many areas most especially in Manila sets an advantage for motorcycle drivers. They can’t be struck in a traffic the way that cars do as cars really need for everyone to move.
The loan offer is open for both employed and self-employed individuals. Only that the RCBC has set different eligibility and documentary requirements for each category of loan applicants.
