• Interest Rate (p.a)

    5.50%

  • Min Loan Amount

    ₱300000

  • Margin of Finance

    70%

  • Fixed Term (years)

    None

Loan calculator
Loan amount

Loan Tenure (years)
Fixed Term (years)
Interest Rate (p.a)

5.50%

Monthly Repayment

₱10,853

Whats so great about RCBC Savings Bank Housing Loan?
  • No Lock-In Period

Product Features

Margin of Finance: 70%
Loan Tenure: Up to 20 Years
Suitable For: Purchase of House & Lot / Condominium, House Construction, Purchase of Lot, Refinancing, House Renovation / Expansion, Reimbursement.

Eligibility

Age 21 - 65 years old
Employment Permanently employed for at least one year; 2 years if OFW; If self-employed, business must be at least 2 years in profitable operations.
Citizenship Filipino citizen or former Filipino citizen eligible under BP 185 guidelines; foreign nationals holding immigrant visa or married to a filipino are eligible if purchasing a unit covered by CCT

Product Review by iMoney

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 upon loan maturity
  • Filipino citizen or former Filipino citizen eligible under BP 185 guidelines; foreign nationals holding immigrant visa or married to a filipino are eligible if purchasing a unit covered by CCT
  • 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
  • Maximum loan amount depends on the borrower's capacity to pay
  • Minimum loan amount of ₱300,000
  • Maximum of 80% of property's appraised value

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
  • TIN
  • Residence Certificate
  • Certificate of Employment and Compensation
  • Photocopies: TCT, Tax Declaration, Tax Receipt, Tax Clearance
  • Location plan/vicinity map of property
  • Building Plans/Bill of Materials (for construction)
  • Statement of Account (for take-out of existing housing loan)

If self-employed

  • Completely filled-out application form
  • Copy of last 2 years ITR
  • Latest 2 years Financial Statements
  • Business Registration/Permits
  • Bank Statements - 6 months
  • List of Suppliers and Customers
  • Company Profile, Property Documents

Sounds Great! How Should I Proceed?

You can use the RCBC Savings Bank housing 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 housing loan with iMoney is absolutely free of charge.

Still indecisive whether this housing loan from 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.