How much can I borrow?
With an RCBC Personal Loan, borrow as much as P1,000,000, subject to approval.
What are the RCBC Bank Personal Loan Requirements?
An applicant must fulfill RCBC Bank’s eligibility criteria for a loan:
- Current credit card members of Mastercard, Visa, Amex, JCB with minimum of 2 years membership
- With owned (2 years) or rented (3 years) residence
- If employed:
- At least of middle management
- Minimum monthly income of P20,000
- Minimum of 2-year tenure
- Employer among top 10,000 corporations
- If self-employed:
- Business must be at least 5 years in operation
- Profitable for the last 2 years
Consequently, after filling out an application form, the following documents are necessary:
Fully Employed applicants need:
- Accomplished Application Form
- Original Certificate of Employment/2 months pay slip
- Copy of 2 Valid ID’s
- Copy of latest ITR
- Copy of 1 month latest credit card billing
- Copy of 1 utility bill
Self – Employed applicants need:
- Accomplished Application Form
- Copy of Business Papers
- Copy of any latest utility bill
- Copy of 1 month latest credit card bill
- Copy of 2 yrs financial statements with ITR
- Copy of latest 6 months bank statements
*Additional documents may be required during credit evaluation.