Showing posts with label RCBC. Show all posts

Are you on the hunt for the perfect home but find most home loans overwhelming or out of your financial reach?

Look no further than RCBC (Rizal Commercial Banking Corporation), which offers the lowest minimum loan amount on the market. This is excellent news for those who plan to borrow a fraction of their home's price and aim to pay off the loan swiftly.

For other type of loans, visit my detailed guide for best personal loans and car loans in the Philippines!

Key Features of RCBC Home Loan

Minimum Loan Amount: RCBC sets the bar low with a minimum loan amount of just ₱300,000, making it accessible for a wide range of homebuyers.

Interest Rates: Enjoy competitive interest rates ranging from 6.88% to 11%, depending on the loan term, ensuring you get the best deal tailored to your needs.

Loan Term: RCBC offers a flexible loan term of up to 20 years. Whether you prefer a short repayment period or a longer one, RCBC accommodates your requirements.

Fixing Option: You have the freedom to choose a fixing option ranging from one to 20 years, allowing you to customize your loan according to your financial stability and preferences.

Versatile Use: RCBC's home loan can be utilized for various purposes, including purchasing a house and lot, vacant lot, or renovating your existing home. Additionally, it can serve as a multi-purpose loan or be used for home loan refinancing.

APPLY FOR RCBC HOME LOAN HERE!

Eligibility Criteria

To apply for an RCBC Home Loan, you need to meet the following criteria:

For employed:

Filipino Citizen or Dual Citizen
If foreigner, must be married to a Filipino citizen
At least 21 years old upon loan application
At most 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 Php40,000
If OFW, must have worked abroad for at least 2 consecutive years

For Self-employed:

Filipino Citizen or Dual Citizen
If foreigner, must be married to a Filipino citizen
At least 21 years old upon loan application
At most 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

Required Documents

Accomplished RCBC Home Loan Application Form
Copy of TCT and Tax Declaration (Land & Improvement)
Bill of Materials (Construction)
For Employed applicants: Certificate of Employment (COE) or latest ITR, 2 valid government-issued IDs, TIN, Utility bill
For Self-employed applicants: Business Registration with DTI, Audited Financial Statements, ITR or bank statements

APPLY FOR RCBC HOME LOAN HERE!

ATTRACTIONS TO SEE IN MANILA

At RCBC, your dream home is within reach. With their accessible loan options, competitive interest rates, and straightforward application process, you can embark on your homeownership journey with confidence. Don't let your dream home remain a dream – make it a reality with RCBC's Home Loan.

For personal loan, check out my guide for RCBC Personal Loan

If you are looking to apply for a credit card, here are my Tips to Get Approved for a Credit Card Application.

Also check out the 5 Credit Cards with No Annual Fees in the Philippines

ACTIVITIES AND TOURS IN MANILA

Home Loans in the Philippines

Here's a list of banks that offer best home loans in the Philippines:

Also check my list of Top Digital Savings Banks in the Philippines

RCBC Housing Loan Guide (Requirements and Application Process)

By JDC Sunday, July 9, 2023

Rizal Commercial Banking Corporation (RCBC) is one of the largest and most reputable banks in the Philippines.

If you are an RCBC customer or in need of assistance with their services, there are several convenient ways to get in touch with their customer support team.

If you are looking to file a complaint, here's a guide on how to contact BSP (Consumer Assistance

1. Customer Service Hotline

RCBC provides a dedicated customer service hotline to assist customers with various inquiries and concerns. You can reach their customer service representatives by calling (02) 8885-8888. Be prepared to provide specific details about your inquiry or account to receive prompt assistance.

2. Email Support

For non-urgent matters or if you prefer written communication, you can send an email to RCBC's customer support team. Visit the official RCBC website and look for the "Contact Us" or "Email Us" section. When emailing, include your name, contact information, account details (if applicable), and a detailed description of your concern.

3. Social Media Platforms

RCBC is active on various social media platforms, including Facebook and Twitter. Sending them a private message or commenting on their posts can be an effective way to get assistance. Many companies, including banks, have dedicated social media teams that respond to customer inquiries promptly.

4. Visit a Local Branch

For face-to-face assistance, you can visit an RCBC branch near your location. Check the official RCBC website for a branch locator tool. When visiting a branch, bring valid identification, account details, and any relevant documents related to your inquiry or transaction.

5. RCBC Website and Online Chat

RCBC's official website (rcbc.com) serves as a valuable resource for account holders and potential customers. You can find information about their services, frequently asked questions, and important announcements. Some websites offer online chat support, allowing you to chat with a customer service representative in real-time.

6. Mobile App Support

If you are using RCBC's mobile banking app, there might be an option to seek help or support directly within the app. Look for a "Support" or "Help" section where you can submit inquiries or report issues related to mobile banking services.

7. Write a Letter

Traditional mail is another option for contacting RCBC. You can write a letter explaining your concerns and send it to RCBC's main office address:

Rizal Commercial Banking Corporation

Yuchengco Tower, RCBC Plaza, 6819 Ayala Avenue, Makati City, 1200 Philippines

ATTRACTIONS TO SEE IN MANILA

When contacting RCBC through any channel, it's important to be clear and concise about your issue, providing as much detail as possible. This will help the customer service team understand your concern and provide you with an accurate and efficient resolution.

Maintain a professional and respectful tone in your communication, even if you are frustrated. Polite and clear communication will help RCBC's customer service representatives assist you effectively and efficiently, ensuring a positive experience for both parties.

ACTIVITIES AND TOURS IN MANILA

Other Banks Contact Information

How To Contact RCBC (Hotline Number, Email Address & Customer Service)

By JDC Monday, January 23, 2023

In today's fast-paced world, having access to quick and reliable financial solutions is crucial. Whether you're planning a dream vacation, managing unexpected medical expenses, or consolidating your debts, RCBC Personal Loan offers you a pathway to achieve your goals.

What is RCBC Personal Loan?

RCBC Personal Loan is a financial product offered by the Rizal Commercial Banking Corporation (RCBC), one of the prominent banks in the Philippines. This loan provides individuals with a convenient and flexible way to access funds for various purposes, such as debt consolidation, home improvement, education, medical expenses, travel, and other financial needs.

For other type of loans, visit my detailed guide for best housing loans and car loans in the Philippines!

HELPFUL ITEMS YOU CAN USE TO SAVE MONEY!

Here's my list of useful items for you to save or earn money wisely:

Coin banks
Informative books about money, saving and investments!
Money organizer

Shopee is my go-to app for things I needed like the ones above. If you'd like discounts and vouchers, you may get the best offers here:

Why Choose RCBC Personal Loan?

Flexible Repayment: Tailor your repayment period according to your financial capability, ranging from 6 to 36 months.

Competitive Interest Rates: Enjoy the benefit of low-interest rates, ensuring that you don't end up paying more than necessary.

Quick Approval: RCBC values your time and aims to process your loan application swiftly, getting you the funds you need when you need them.

Easy Application: With simple requirements and a hassle-free application process, getting a personal loan has never been this convenient.

Expert Guidance: RCBC’s team of financial experts is always ready to assist you, ensuring that you make informed decisions about your loan.

Who Can Apply?

For Employed Individuals:

Filipino Citizen or Dual Citizen
At least 21 years old upon loan application
At most 65 years old upon loan maturity
Must have a mobile number, residence landline, or office landline
Locally employed at a company registered with Securities and Exchange Commission (SEC)
Minimum employment tenure of 2 years and a gross monthly income of Php 30,000

For Self-Employed Individuals:

Filipino Citizen
At least 21 years old upon loan application
At most 65 years old upon loan maturity
Must have a mobile number, residence landline, or office landline
Business operating in the Philippines for at least 3 years and profitable for the past 2 years
Minimum gross monthly income of Php 100,000

How Much Can I Borrow?

Borrowers can apply for a loan ranging from a minimum of PHP 50,000 to a maximum of PHP 1,000,000, depending on their financial needs and eligibility.

RCBC's personal loan calculator allows you to tailor your loan according to your needs. By choosing a loan period that suits you (ranging from 6 to 36 months), you can manage your monthly payments effectively, ensuring that your financial commitments align with your budget.

For example, you are borrowing PHP 50,000 in 12 months:

Loan Amount: PHP 50,000
Loan Period: 12 months
Total Loan Amount: PHP 50,000
Interest Rate: 1.3%
Monthly Payment: PHP 4,816.67

What are the Requirements Needed for RCBC Personal Loan Application?

RCBC understands the value of your time, which is why the application process is designed to be straightforward. To apply for an RCBC Personal Loan, you need to prepare the following documents:

For Employed Applicants:

Accomplished RCBC Personal Loan Application Form
Certificate of Employment (COE) or latest Income Tax Return (ITR)
2 valid government-issued IDs
Tax Identification Number (TIN)
Utility Bill

For Self-Employed Applicants:

Accomplished RCBC Personal Loan Application Form
Business Papers (DTI or SEC, Mayor’s Permit)
Latest Income Tax Return (ITR) or Audited Financial Statements or latest 3-month bank statement

How to Apply for RCBC Personal Loan?

Applying for an RCBC Personal Loan involves a straightforward process. Here's a step-by-step guide to help you through the application:

1. Check Eligibility

Ensure that you meet the eligibility criteria set by RCBC. This typically includes being a Filipino citizen, meeting the age requirements (usually between 21 and 65 years old), having specific contact numbers, and fulfilling income and employment tenure requirements for employed applicants or business-related criteria for self-employed applicants.

2. Prepare Required Documents

Gather all the necessary documents, which may include:

An accomplished RCBC Personal Loan Application Form
Certificate of Employment (COE) or latest Income Tax Return (ITR) for employed applicants
business papers (DTI or SEC, Mayor’s Permit), Latest ITR or Audited Financial Statements, and the latest 3-month bank statement for self-employed applicants
You may also need to provide 2 valid government-issued IDs, your Tax Identification Number (TIN), and utility bills.

3. Estimate Your Loan

Use the RCBC loan calculator on their official website to estimate your monthly payments based on the desired loan amount and tenure. This will give you an idea of your repayment obligations.

4. Visit an RCBC Branch

Locate the nearest RCBC branch in your area. Visit the branch in person to discuss your loan requirements with a representative. They will guide you through the application process, help you fill out the application form if needed, and provide assistance regarding the necessary documents.

5. Submit Your Application

Submit your completed application form along with the required documents to the RCBC representative. Ensure that all the documents are accurate and up-to-date. The bank will review your application and documentation to assess your eligibility and creditworthiness.

6. Wait for Approval

Once your application is submitted, wait for the bank's decision. The approval process may take some time as the bank assesses your financial situation and creditworthiness. RCBC will inform you of their decision, whether your loan is approved or not.

7. Receive Funds

If your loan application is approved, RCBC will disburse the loan amount to your designated bank account. Ensure that you understand the terms and conditions of the loan, including the interest rate and repayment schedule.

8. Repay Your Loan

Make timely repayments according to the agreed-upon schedule. This will help you maintain a good credit history and ensure smooth financial transactions with the bank.

Remember, it's crucial to carefully review the terms and conditions, including interest rates and fees, before finalizing your RCBC Personal Loan application. If you have any questions or concerns, don't hesitate to ask the bank representative for clarification during the application process.

ATTRACTIONS TO SEE IN MANILA

RCBC Personal Loan opens the door to a world of financial possibilities. Whether you're planning for your future, managing unexpected expenses, or seizing an investment opportunity, RCBC is here to support you.

If you are looking to apply for a credit card, here are my Tips to Get Approved for a Credit Card Application.

Also check out the 5 Credit Cards with No Annual Fees in the Philippines