Promo Period

The RCBC Home for the Holidays promotion (“Promo”) is open to new and existing RCBC depositors who will apply for and avail of an RCBC Home Loan from October 15, 2024 to January 15, 2025 (”Promo Period”).

 

Availment Period

Loan applications should be submitted within the Promo Period, should be approved and availed not later than January 31, 2025 (“Availment Period”).

 

Eligibility

Eligibility criteria are as follows:

a. Home loan applications sourced and submitted through any RCBC branch 

b. Approved but not yet booked home loan applications sourced and submitted through any RCBC branch prior to the launch of this Promo.

c. OFW clients sourced by RCBC Global Transaction Banking Group.

d. The special rate of 6.40% is fixed for 3 years, and applies to all housing loan purposes. For house construction, prevailing rates shall be applied at the time of drawdown.

e. Waived fees apply to all housing loan purposes.

f. The minimum loan amount shall be Php2,000,000.

g. The minimum loan term shall be 5 years.

 

Promo Features

 

1. Waived fees of Php6,000 for every Php1M loan amount. The waived fees shall be capped depending on the loan amount, and shall not exceed Php60,000.

Loan Amount	Fee Waiver Amount
Php2M	Php12,000
Php8M	Php48,000
Php10M and above	Php60,000

 

2. Special rate of 6.40% fixed for 3 years

3. Free one-time appraisal

4. One-time rate protect of 0.50%, which will be deducted from the rate at the time of repricing.

 

General Provisions

a. All loan applications qualified under the Promo are subject to RCBC’s standard credit evaluation policy and guidelines. 

b. Clients with pending applications prior to the Promo Period will be qualified to avail of the Promo provided that the booking is within the Availment Period. 

• Existing pipeline client and loan approved is prior to promo launch – availment until January 31, 2025

c. Non-starter and poor starter accounts, i.e. customers who fail to pay the first monthly amortization and/or are past due for at least 3 consecutive months in the first 12 months or as of reference date, shall be required to settle the corresponding collection fees.

d. In case of violation of any of the above conditions, the customer shall be billed in full.

e. The Promo is non-transferrable and shall not be availed in conjunction with other RCBC promos or programs, such as but not limited to Depositors or Hexagon programs.

f. The features of this Promo are non-transferrable, non-convertible to cash, and cannot be assigned to any third person or entity.

g. These terms and conditions are subject to any relevant law, government direction, and regulation. In case of dispute, RCBC’s decision with DTI’s concurrence will be deemed final and binding on all clients.

h. Qualified clients authorize RCBC to disclose and publish their names, photos and other particulars as determined by RCBC to any person/s, and in any mode or manner, as RCBC may deem appropriate in relation to this Promo. RCBC shall not be liable for violation of customer data privacy and/or bank secrecy law as a result of said disclosure or publication.

Terms and conditions apply.