Promo Period

The RCBC CNY promotion (the Promo) is open to select RCBC depositors who will apply for and avail of the RCBC Auto Loans from January 17, 2023 to June 30, 2023 (the ”Promo Period”).

Applications must be submitted within the Promo Period, even if subsequently approved and availed of thereafter but in no case later than September 30, 2023 (the “Availment Period”).

Auto Loans

Eligibility

To qualify for the Promo, loan applications should be submitted within the Promo Period and should have been approved and availed of within the Availment Period,  and must meet the following conditions:

Select depositors who attended the Feng Shui Talk Event
   • Offer is exclusive but transferrable to parents and children only.
   • Must be new or existing RCBC depositor within the Promo Period
   • Loan purpose must be purchase of brand new private and personal vehicles only
   • minimum loan amount must be Php 500,000
   • loan term is from 36 to 60 months

Promo Features

  1. The required down payment for a unit shall be as low as twenty percent (20%) of the unit suggested retail price (SRP), as quoted by the dealer.
  2. Applicable special add-on interest rates shall be as follows:

Term

Interest Rates

36

14.88%

48

19.88%

60

25.88%

 

  1. Dealer-provided discount on units, if any, shall be applied to either:
        • Down payment
        • Unit suggested retail price (SRP)
           Provided net downpayment should still be at least 20% of SRP.
  2. Customers shall be entitled to a free 1 year worth of motor vehicle insurance for the loan term. All subsequent insurance renewals for the remaining loan term shall be for the account of the Customer and must be secured and “locked-in” with Malayan Insurance Company Inc. (MICO).
  3. Qualified Customers will be entitled to a Php 5,000 worth of gas voucher

General Provisions

  1. All loan applications qualified under the Promo shall be processed under the standard evaluation and approval process of RCBC, subject to relevant terms and conditions as well as RCBC’s policies and procedures.
    2. New RCBC deposit account holders are eligible to qualify as long as they have an active deposit account within the promo period.
    3. Clients who applied directly with the dealers with any all-in scheme shall be automatically disqualified from joining this Promo.
    4. RCBC, its subsidiaries, affiliates, the advertising agencies and print suppliers, including their respective Board of Directors and Advisory Board Members, officers, and employees, and their relatives up to second (2nd) degree of consanguinity and affinity are not qualified for this Promo
    5. This Promo is not valid in conjunction with other promotions carried out by RCBC.
    6. 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.

Home Loans

Eligibility

  • Select depositors who attended the Feng Shui Talk Event.
    • Offer is exclusive but transferrable to parents and children only.
    • Must be new or existing RCBC depositor within the Promo Period
    • Applicable to home loan with purpose of acquisition only. (Construction and acquisition with construction shall not be allowed.)
    • Minimum loan amount shall be Php3,000,000.00
    • Minimum loan term of 5 years.

Promo Features

  1. Add-on rates

Rate Fixing Period

Add-On Rates

3 years

6.08%

5 years

7.08%

 

  1. Qualified customers will be entitled to a Php 20,000 IKEA voucher.

General Provisions

  1. All loan applications qualified under the Promo are subject to RCBC’s standard credit evaluation policy and guidelines.
    2. The loan shall be subject to a lock-in period of 60 months (5 years) from the booking date of the loan wherein:
      • The loan shall not be partially paid, pre-terminated, and/or fully paid; and
      • Any request for rate reduction within the 60-month lock-in period will be automatically declined.
        • Any request to amend the terms and conditions of the loan shall not be accommodated.
    3. New RCBC deposit account holders are eligible to qualify as long as they have an active deposit account within the promo period.
    4. This Promo is not valid in conjunction with other promotions carried out by RCBC.
    5. 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.