Guide on RCBC Motorcycle Loan Requirements for Application
RCBC MOTORCYCLE LOAN REQUIREMENTS – Here are the eligibility and documentary requirements set by Rizal Commercial Banking Corporation.
Have you heard about the Auto Loan offer of Rizal Commercial Banking Corporation? It is not only open to finance the acquisition of brand new and pre-owned cars but as well as motorcycles.
RCBC boasts its loan offer with the options for low monthly amortization, free chattel mortgage fees, and free insurance coverage among other options. The borrowed amount is payable for up to 60 monthly amortizations.
The RCBC Motorcycle Loan is open for both salaried and non-salaried loan applications. However, the RCBC Motorcycle Loan requirements depend if you are employed or self-employed. The same goes with the qualifications.
If you are employed, here are the qualifications in applying for the loan offer:
- Filipino Citizen or Dual Citizen
- at least 21 years old upon loan application
- not more than 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
To apply for the offer, employed loan applicants are required by the bank to submit the following RCBC Motorcycle Loan requirements:
- duly-accomplished and signed RCBC Auto Loan Application Form
- Certificate of Employment (COE) or latest Income Tax Return (ITR)
- 2 valid government-issued IDs
- Taxpayer Identification Number (TIN)
- Utility Bill
If you are self-employed, here are the qualifications set by Rizal Commercial Banking Corporation for application:
- Filipino Citizen or Dual Citizen
- at least 21 years old upon loan application
- not more than 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
Here are the documentary requirements set by RCBC for self-employed loan applicants:
- duly-accomplished and signed RCBC Auto Loan Application Form
- Business registration with the Department of Trade and Industry (DTI)
- Audited financial statements
- ITR or bank statements
