RCBC Savings Bank Auto Loan

  1. #16521
    Gambit89 Guest

    RCBC Savings Bank Auto Loan

    is there a way to apply for an auto loan for second-hand car? im thinking to get a car loan with RCBC for a bigger cash amount but im not sure how much they offer. I have a savings account with them but it only has a small amount. Also, I need to have no collateral auto loan. If there are any options, I’d like to know.

  2. #16551
    Tina Member

    Reply To: RCBC Savings Bank Auto Loan

    Hi gambit89, most leading banks in the Philippines offer no collateral when you apply for a loan. Since you already have an account with RCBC, you can personally apply for their My Wheels Auto Loan. They offer low down payment and even flexible payment terms of up to 5 years. See if you meet below qualifications. Make sure you submit all the documents needed for faster processing of your loan.

    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

    Documents Required:

    · Accomplished Application Form
    · Copy of latest ITR, Certificate of Employment & Compensation
    · ID cards, TIN, Utility Bil

    · Accomplished Application Form
    · Business Registration, Audited Financial Statements & ITR

    · Accomplished Application Form
    · SEC Registration, Articles of Incorporation, By-Laws
    · Audited Financial Statements & ITR, latest GIS

    Interest Rates:
    · Brand New Units – up to 80% of selling price
    · Second Hand Units – 50%-70% of appraised value

    Repayment Terms:
    · Maximum 60 months for Brand New units
    · Maximum 48 months for Second Hand units

    Terms and Conditions:
    Minimum loan amount of PHP 300,000.00

    · Insurance – Comprehensive Insurance
    · Fees/Charges – Chattel mortgage fees

    Other RCBC Products:
    – RCBC Bankard (Credit Card)
    – RCBC MyWallet (CashCard)
    – RCBC MyHome (Housing Loan)
    – RCBC MyWheels (Auto Loan)
    – RCBC MyBiz (SME Loan)
    – RCBC Deposits

    See more options and qualifications when you apply for a loan at https://www.ecomparemo.com.

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Reply To: RCBC Savings Bank Auto Loan

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