Eligibility Requirements:
- Be a Filipino citizen or dual citizen
- Be at least 21 years old at the time of application and up to 65 years old at the end of the financing
- Minimum gross monthly income of Php 40,000
- Have a mobile phone and landline (residential or commercial)
- For employees: minimum of one year of continuous employment
- For self-employed: profitable business operating for at least two years
Loan application steps:
- Tap the button below
- Fill out the RCBC loan application form
- Submit the required documents (for employees: COE or ITR; for self-employed: Business registration and audited financial statements)
- Wait for credit analysis and approval
- Sign the loan agreement upon approval
- Receive the disbursement of funds and purchase your vehicle
Frequently asked questions:
How long does it take to get approved for a RCBC?
Approval can take from a few business days up to a week, depending on the completeness and accuracy of the provided documents.
Is it required to explain why credit is being used?
It is not necessary to specify the reason for credit usage in RCBC Auto Loan.
Do I need to have a good credit score to be approved for a RCBC?
A good credit history can facilitate approval and ensure better interest rates, but each case is individually assessed.
Can I apply for a loan if I am self-employed?
Yes, self-employed individuals can apply for the loan, provided they prove two years of profitable business operation.