RCBC Savings Bank Housing Loan

Is an RCBC Housing Loan Right For Me?

RCBC Savings Bank will provide you with advice on where to buy your property along with the best options for you to pay your amortization. 

How Much Can I Borrow With An RCBC Housing Loan?

• Minimum of ₱300,000
• Maximum of 80% of total contract price for RCBC Savings Bank-accredited house and lot/townhouses

Am I Eligible for an RCBC Housing Loan?

Yes, if you are:

• At least 21 years old upon loan application
• At most 65 y/o (if employed) and 70 y/o (if self-employed) upon loan maturity
• Filipino citizen or former Filipino citizen eligible under BP 185 guidelines
• Permanently employed for at least 1 year
• If OFW, must have worked abroad for at least 2 consecutive years
• If self-employed, business must be in profitable business operations for the latest 2 consecutive years
• Minimum loan amount of ₱1,000,000 for acquisition of house&lot, lot only, condominium unit, and townhouse.
• Minimum loan amount of ₱300,000 for purpose of construction/renovation/improvement, reimbursement, and loan takeout/refinancing
• Maximum of 80% of property's appraised value
• Loan term of 1 to 20 years
• Monthly amortization must be at most 30% of gross monthly income

What Documents Will I Need to Prepare?

If you have applied for an RCBC Housing Loan, you will be asked to provide some supporting documents in order for the bank to process your application. These documents are listed below:

If locally employed

• Completely filled-out application form
• 2 valid government issued IDs
• Company ID
• Marriage Contract, if married; Birth Certificate, if single
• Certificate of Employment and Compensation
• Latest Income Tax Return

If self-employed

• Completely filled-out application form
• 2 valid government issued IDs
• Marriage Contract, if married; Birth Certificate, if single
• Business Registration with DTI
• Audited Financial Statements & ITR for the latest 2 consecutive years
• List of Suppliers and Customers

If OFW

• Completely filled-out application form
• 2 valid government issued IDs
• Marriage Contract, if married; Birth Certificate, if single
• Notarized/Consularized Special Power of Attorney
• Latest Certificate of Employment and Compensation
• Proof of Remittance for last 3 months

Collateral Documents to be submitted:

• Photocopies of TCT, Tax Declaration, Tax Receipt, Tax Clearance, or CTS (if from developer)
• Location Plan/Vicinity Map of Property
• Building Plan/Bill of Materials (for construction)
• Statement of Account (for loan take-out and acquisition from developers)

Sounds Great! How Should I Proceed?

You can use the RCBC Savings Bank home loan calculator to calculate your monthly repayments, based on your desired property value and loan amount. Once you are ready to apply, you can make a free enquiry through iMoney, and our customer representatives will call you back. Applying for a home loan with iMoney is absolutely free of charge.

Still indecisive whether this home loan by RCBC Savings Bank is exactly what you need? We like to suggest that you also take a look at Union Bank housing loan to review which is a better option. If you're still undecided and would like to check out other alternatives, you can view the rest of our housing loan lineup on our website and compare other bank's home loan plans available in the Philippines.

Is It Easy to Repay my RCBC Housing Loan?

You can sign up for an automatic debit arrangement from your RCBC Savings Bank savings or checking account to pay your monthly amortizations quickly and conveniently.