RCBC My Home

A housing loan with a straightfoward home loan facility that provides low fixed interest rates, RCBC Housing Loan is a great way to help you purchase your first home. Borrow as much as 80% of the appraised value of the property plus take advantage of a 6.75% interest rate per annum with no lock-in period. Once you are ready to apply, you can ask for housing loan quoatations through eCompareMo, absolutely free of charge!

If you are looking for housing loan other than RCBC, we can help you with it. Ask us today and we will guide you every step of the way.

RCBC My Home

Get Your Dream House With RCBC Home Loan. Fast Application, Low Interest Rates And Convinient Home Loan Terms. Apply Today!

Product Features

  • Have the option to pay off consolidated financial obligation, by borrowing against the value of your home
  • Your property is covered with fire insurance from Malayan Insurance Co., Inc.

Overview

Product Name:
RCBC My Home
Remarks
With Fire Protection Insurance from Malayan Insurance Co. Inc
Minimum Amount of Loan:
PHP300,000.00
Maximum Amount of Loan:
PHP5,000,000.00
Minimum Loan Tenure:
1 years
Maximum Loan Tenure:
20 years
Maximum Fixed Period:
20 years
Early Repayment:
Property Insurance Included:
Yes
Accepts Third Party Property Insurance:
Yes
Accepts Third Party Mortgage Insurance:
No
Does not Require Mortgage Insurance:
No
Payment Options:
Application Approval Time:

Eligibility and Requirements

Eligible Property Types
House and Lot
Condominium
Townhouse
Vacant Lot
Home Loan Proceeds Can Be Used For:
Purchase of Property
Refinancing
Construction/Home Improvement
Reimbursement of Acquisition Cost
Home Equity

Property Types and Loan Purpose

Age Range of Borrower:
21-65 years
Minimum Annual Income:
PHP240,000.00
Employment Work Status
Employed - Private Sector for 1 year
Employed - Government for 1 year
Self - Employed for 2 years
Professional for 2 years
Employed - BPO for 2 years
Employed - OFW/Seafarer for 2 years
Applicant Must Have a Landline Phone at Home or Office:
No
Need to Open Linked Bank Account:
No
Guarantor Requirements:
Collateral Requirements:
For housing loan you can use your vacant lot,townhouse,condominium and house and lot as a collateral

Fees and Charges/Penalties

Appraisal Fee
PHP3,500.00
Registration Fee
amount depends on the Loan amount

Interest Rates Offered

Interest for Fixed Period Interest Effective Interest Fixed Variable Period Interest Rate Per Year
1 year fixed period 9.09% 0.00%
2 to 3 years fixed period 9.57% 0.00%
4 to 5 years fixed period 9.80% 0.00%
6 to 10 years fixed period 11.00% 0.00%
11 to 15 years fixed period 11.48% 0.00%
16 to 20 years fixed period 12.44% 0.00%

FAQs

What are the eligibility requirements to apply for a housing loan?

  • At least 21 years old upon loan application
  • Not older than 65 years old upon loan maturity
  • Filipino citizen or former Filipino citizen eligible under BP 185 guidelines
  • Foreign nationals holding immigrant visa or married to a Filipino are eligible if purchasing a unit covered by CCT
  • Permanently employed for at least one (1) year;
  • OFW permanently employed for at least two (2) years
  • If self-employed, business must be profitable and in operation for two (2) years

What are the documentary requirements required?

  • Accomplished and signed RCBC MyHome Housing Loan Application Form

Employed

  • Certificate of Employment (COE) indicating compensation
  • Valid Government IDs with photo
  • BIR Taxpayer Identification Number (TIN)
  • Residence Certificate
  • Clear Photocopies of TCT, Tax Declaration, Tax Receipt, Tax Clearance
  • Location plan/Vicinity map of property
  • Building Plans/Bill of Materials for construction
  • Statement of Account (for take-out of existing housing loan)

Self-employed

  • Clear copy of last 2 years Income Tax Return (ITR)
  • Latest 2 years Financial Statements
  • Business Registration/Permits (DTI or SEC documents, whichever applies)
  • Bank Statements - latest 6 months
  • List of Suppliers and Customers with contact detail
  • Company Profile, Property Documents

Can I buy a property even outside metro manila?

  • Yes, you can apply for an RCBC Home Loan and buy property even outside of Metro Manila.

How can eCompareMo help me get the best Home Loan Deal?

  • You can easily see the best home loan deals by using eCompareMo.com’s Home Loan comparison portal. Enter your personal specifications, and you will be provided with the best home loan results that matches your criteria. eCompareMo also goes the extra mile by providing you with free loan processing assistance.

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