RCBC Auto Loan Downpayment – How Much You Must Prepare (Pre-Owned Car)

Guide on How Much You Must Prepare for the RCBC Auto Loan Downpayment

RCBC AUTO LOAN DOWNPAYMENT – Here is a guide on how much you must prepare for it if you will purchase a pre-owned car.

Nowadays, a lot of people would prefer buying a pre-owned car more than a brand new vehicle. Undeniably, it is lesser in terms of amount thus it is more affordable most especially for average earners.

A pre-owned vehicle in good condition won’t usually fall below Php 150,000.00. Undeniably, it may still be a huge amount to pay for in cash that is why some people would look for options – which include the loan offers.

One of the offers that you may turn to should you wish to buy a pre-owned car is the RCBC Auto Loan. It is provided by the Rizal Commercial Banking Corporation for qualified applicants.

RCBC Auto Loan Downpayment

Who are eligible to apply for the said auto loan offer?

RCBC has set a few eligibility qualifications in applying for the said loan. To be eligible for the offer, the applicant must be:

  • a Filipino citizen or a foreigner with ACR
  • between 21 to 65 years old
  • permanent employed for at least two (2) years or self-employed and running a business that is profitable for at least two (2) years now

You may want an idea of the loanable amounts under this offer. Feel free to visit – RCBC Auto Loan – How Much You Can Borrow For Pre-Owned Car Purchase.

In purchasing a pre-owned car under a loan, the applicant must prepare for the RCBC Auto Loan downpayment. According to the bank, it is equivalent to at least 30% of the purchase price of the vehicle.

Applying for the said RCBC loan offer will require you to gather some documents. For a guide on the process and the requirements, you may visit – RCBC AUTO LOAN – How To Apply & Requirements To Prepare.

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.

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