RCBC Savings Bank, a wholly-owned subsidiary of RCBC, is here to help you realize your dreams. From personal loans to auto and housing loans so you can get your dream car and home, RCBC Savings Bank is ready to lend a helping hand to turn your dreams into a reality.
Starting a family? MyHome can help you get started with financing your dream home.
With a minimum loan amount of P300,000.00, you can start on building that home for
you and your loved ones.
What can you do with MyHome Loan?
Buy a lot, house & lot, condonminium unit, or townhouse
Take out of existing home loan
Construct your house
Renovate your home
Features at a Glance
Counseling. RCBC Savings Bank will give you top-notch advice, including where to
buy your property and what are your best options to pay your amortization.
Convenience. Get an Automatic Debit Arrangement (ADA) with your RCBC Savings
Bank savings or checking account so you don't need to keep going to the bank to pay
your monthly amortization.
Protection.You're covered with fire insurance from Malayan Insurance Co., Inc. and
morgage redemption insurance from Sun Life Grepa Financial.
Minimum loan amount: Php 1,000,000 for acquisition of property, Php 300,000 for other purposes
Maximum loan amount: Subject to borrower's paying capacity
Interest Rate: Prevailing rate at the time of the loan release
Up to 70%of appraised value of vacant lots
Up to 80%of appraised value for house & lot, townhouses, and condominium units
Collateral: Registered 1st Real Estate Mortgage on property
Property located nationwide within service areas of RCBC & RCBC Savings Bank branches
Minimum floor area of 50 sqm for land with improvement and 25 sqm for condominiums
Mortgage Redemption Insurance: Sun Life Grepa Financial
Fire Insurance: Malayan Insurance Co., Inc
Repayment Mode: Automatic Debit Arrancgement, Post Dated Checks, and Over-the-Counter
Repayment Terms: Equal monthly amortization representing principal and interest
MyHome Budgeter Loan
Ideal for existing homeowners who want to lighten their debt burden by borrowing against the value of their home to pay-off and/or consolidate financial obligations and consumption-related expenses, e.g. tuition, travel, hospitalization, etc.
Who is eligible for the MyHome Loan?
At least 21 years old upon loan application
At most 65 years old if employed or 70 years old if self-employed upon loan maturity
Filipino citizen or former Filipino citizen 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; 2 consecutive years for OFWs
If self-employed, business must be in profitable operations for the last 2 years