Auto loan ยท RCBC
RCBC MyWheels Auto Loan
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RCBC Car Loan is easily available to customers living in the Philippines at low interest rates per annum and with flexible loan amounts. Applicants can enjoy the added advantage of owning their dream auto or refinancing their existing vehicles for cash with quick loan payments. Apply RCBC Auto Loan through eCompareMo and we will take care of your loan application.
Overview
| Loan amount | ₱300,000 to ₱5,000,000 |
|---|---|
| Loan term | 1 years to 5 years |
| Interest | 10.6% to 11.02% a year |
| Loan-to-value | up to 80% |
| Age | 21 to 65 years old |
Vehicle types
- Sedan
- SUV
- Van
Loan purposes
- Purchase of Brand New Car
- Refinancing
- Use Owned Vehicle as Collateral for Loan
Key features
- a Superior Auto insurance package from Malayan Insurance
- Just choose a unit, Bank will do the registration and delivery at your doorstep
- Enjoy convenient repayment mode of Auto debit arrangemet
If you are in search for best car financing other than RCBC, eCompareMo can help you with it. Call or chat us now and we will guide you every step of the way!
Frequently asked questions
What are the general eligibility requirements for RCBC Car loan?
Salaried, self-employed individuals, and corporations may apply for an auto loan with the following eligibility requirements:
- Filipino Citizen/Alien with ACR
- Between 21-65 years old
- If married, with marital consent
- At least 2 years at present residence
- Permanently employed for 2 years
- Income 3x monthly amortization
What are the required documents for RCBC auto loan application?
Employed:
- Accomplished Application Form
- Copy of latest Income Tax Return (BIR Form 2316), Certificate of Employment & Compensation
- ID cards, BIR TIN, Utility Bill
Self-Employed:
- Accomplished Application Form
- Business Registration, Audited Financial Statements & ITR
Corporation:
- Accomplished Application Form
- SEC Registration, Articles of Incorporation, By-Laws
- Audited Financial Statements & ITR, latest GIS
What is the loan tenure for RCBC car loan?
- RCBC auto loan offers a maximum of 60 months loan tenure for Brand New Units, and maximum of 48 months loan tenure for Second Hand Units.
How much can I borrow at RCBC?
- RCBC auto loan offers a minimum amount of PHP 300,000.00.