Guide on How Much You Must Pay Monthly Under the RCBC Home Loan Based on Amount You Borrowed
RCBC HOME LOAN – Here is a guide on how to know your monthly payment under the house loan offer of RCBC based on the loan amount.
Undeniably, one of the best investments you can ever have is a house and lot. Aside from the fact that you are investing on the security of your family, they are among the properties that get higher and higher in terms of price over time.
That is why a lot of people reserve their eligibility for a bank loan offer to a home loan. One of those banks that have the said offer is Rizal Commercial Banking Corporation.
The home loan offers of the bank serve several purposes – for house acquisition, house construction, home renovation, and refinancing. It is also open for a home loan take-out.
RCBC has set a list of eligibility qualifications in applying their home loans. To be eligible, the applicant must be:
- a Filipino citizen, has a dual Filipino citizenship, or a foreigner married to a Filipino citizen
- at least 21 years old but not more than 70 years old on the day that the loan matures
- having a stable source of income
- For employed applicants, the borrower must be employed in his or her current employed for at least a year and with a permanent status
- For unemployed applicants, the borrower must be running a profitable business for at least two(2) years now
The RCBC Home Loan offers got different loanable amounts depending on the purpose in applying for a loan. Do you want to know how much you can borrow? You may visit – RCBC HOUSE LOAN: Minimum & Maximum Loanable Amounts.
With regards to how much you must pay for monthly under the RCBC Home Loan, it will depend on your loan amount and the prevailing interest rate. The bank has provided an online calculator so you can check on your possible monthly amortization based on your target amount. You may visit – https://www.rcbc.com/Personal/HousingLoans.
There are requirements that you need to submit in applying for the loan offer. Feel free to visit this page for the list of documents that you need to prepare – RCBC Home Loan Requirements: What You Need To Prepare In Applying.
Submit the said documents to the bank and wait for the notice regarding the status of your loan application. Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.