RAIZA COMMERCIAL BANKING CORPORATION (RCBC)

AUTO LOAN (MYWHEELS)

My Wheels will help you finance your dream car with affordable monthly payments, low down payment, and a flexible payment term of up to 5 years.

Features

Counseling: Simply call RCBC Savings Bank. Offering a unique non-banking service — choose the car you want, and RCBC Savings Bank will source it for you. Sit back and relax, and wait for the car to be delivered right to your doorstep.
Affordability: Whether buying a vehicle or refinancing your existing vehicle, enjoy low down payments options for as low as 20%, and flexible payment terms of up to 5 years.
Protection: Whether employed, self-employed, or working overseas, you’re covered with a superior auto insurance package from Malayan Insurance Co., Inc.
Minimum loan amount: Php 300,000
Maximum loan amount: Subject to borrower’s paying capacity
Interest Rate: Prevailing rate at the time of the loan release
Repayment terms:

Maximum 60 months for brand new units

Maximum 48 months for second hand units

Repayment Mode: Postdated checks or Auto-Debit from RCBC or RCBC Savings Bank account
Insurance: Comprehensive Insurance
Fees/Charges: Chattel mortgage fees

Eligibility

Individual, self-employed, or corporations
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
Fleet Financing/Group Plan
Brand New Units: up to 80% of selling price
Second Hand Units: 50-70% of appraisal value

Application Requirements

Employed

Accomplished Application Form
Certificate of Employment and Compensation
Valid Government IDs

Self-Employed

Accomplished Application Form
Copy of last 2 years ITR
Latest 2 years Financial Statements

Corporate

Accomplished Application Form
Copy of last 2 years ITR
Latest 2 years Financial Statements

For second hand financing, same requirements apply. Unit has to be brought to RCBC Savings Bank Head Office or Provincial Lending Center for appraisal.

PERSONAL LOAN (MYCASH)

My Cash can help satisfy your financial needs while giving you a longer tenure with your low monthly amortizations.

What you do with the My Cash Loan

Credit card bills/balances
Tuition, matriculation, school-related expenses (books, uniforms, supplies)
Medical bills
Travel, vacation, car repair and maintenance expenses
Home improvement and furnishings
Appliances and gadgets

Features

Counseling: RCBC Savings Bank will give you top-notch advice, including where to buy your property and what are your best options to pay your amortization.
Convenience: Get an Automatic Debit Arrangement (ADA) with your RCBC Savings Bank savings or checking account so you don’t need to keep going to the bank to pay your monthly amortization.
Flexibility: You can pay for your loan for as short as 6 months or opt to stretch your payment to as long as 36 months for lower monthly amortization.
Minimum loan amount: Php50,000
Maximum loan amount: Php1,000,000 (subject to borrower’s paying capacity)
Minimum term: 6 months
Maximum term: 36 months

Eligibility

Current holder of Philippine-issued credit cards for at least 2 years
With owned (2 years) or rented (3 years) residence
At most 65 years old if employed or 70 years old if self-employed upon loan maturity

If employed:

At least of middle management
Regularly employed for at least 2 years
Employer among top 10,000 corporations or a legitimate company operating for at least 5 years
Business must be at least 3 years in operation

If self-employed: