Promo Period

The RCBC Repeat Borrowers program  (the “Promo”) is open to all new and existing depositors who will apply for and avail of the RCBC Auto Loan from July 7 to December 31, 2025 (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 March 31, 2026 (the “Availment Period”).

 

Eligibility

Open to qualified repeat auto loan borrowers

    • Applicants must have fully settled any outstanding auto loans. If an auto loan is still active or ongoing, a minimum of 75% of the balance must be paid.
    • Loan purpose must be for the purchase or reimbursement of brand-new private vehicles only .
    • A minimum loan amount of Php500,000 is required for the promo.

 

Auto Loan Plus 

  • Down payment as low as 10%.
  • Qualified customers shall be entitled to a free chattel mortgage fee and documentary stamp tax for a loan amount of Php500k up to Php5M only. (If loan amount is >Php5M documentary stamp tax shall be shouldered by the customer.)
  • Free 1-year car insurance is included for loan terms ranging from 36 to 60 months. This offer is exclusively valid for those who avail of Auto Loan Plus.
  • The applicable special add-on rates shall be as follows:

Term

Add-on Rate

36 mos

17.33%

48 mos

23.55%

60 mos

30.26%

 

  • Free up to Php5,000 gas allowance for Hexagon Club Members*.

*The amount of gas allowance may vary depending on the Hexagon Club member’s previous month’s Total Peso CASA, and will be credited to the qualified Hexagon Club member's account within two months from the loan booking date.

 

Auto Loan FlexiLite 

  • 0% Down payment
  • Flexible loan terms up to a maximum of 8 years, provided the residual value is amortized over 3 years.

*Residual value, equivalent to 20% of the loan amount, can be paid in lump sum or can be amortized for 12 months to 36 months.

  • Waived deposit hold-out requirement
  • The applicable add-on rates shall be as follows:

Term

Add-on Rate

36 mos

18.23%

60 mos

31.80%

 

Auto Loan Classic 

  • Down payment as low as 10%.
  • Qualified customers shall be entitled to a free chattel mortgage fee and documentary stamp tax for a loan amount of Php500k up to Php5M only. (If loan amount is >Php5M documentary stamp tax shall be shouldered by the customer.)
  • The applicable special add-on rates shall be as follows:

Term

Add-on Rate

36 mos

17.33%

48 mos

23.55%

60 mos

30.26%
  • Free up to Php5,000 gas allowance for Hexagon Club Members*.

*The amount of gas allowance may vary depending on the Hexagon Club member’s previous month’s Total Peso CASA, and will be credited to the qualified Hexagon Club member's account within two months from the loan booking date.

 

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. Customers who applied directly with the dealers with any all-in scheme shall be automatically disqualified from this Promo.
  3. In case of pre-termination of the loan, the client shall settle in full the waived motor vehicle insurance, chattel mortgage and documentary stamp fees from this Promo.
  4. This Promo is non-transferrable, non-convertible to cash and cannot be assigned to any third person or entity.  
  5. This Promo is not valid in conjunction with other promotions carried out by RCBC.
  6. Qualified customers 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 that is not in any way in violation of customer data privacy and bank secrecy law.

 

Terms and conditions apply.

 

Frequently Asked Questions (FAQs)

1. Am I eligible for another car loan?

Yes. If you’ve successfully repaid your previous loan or are current on your existing one, you are eligible to apply for another car loan. Your repayment history will be a key factor in the approval process.

2. Is the approval process faster for repeat borrowers?

Yes. We already have your information on file, which can speed up the loan review and approval process.

3. Do I need to provide all my documents again?

In most cases, no. We may only need updated proof of income, or identification if your last documents are outdated or if your financial situation has changed.

4. Can I get better interest rates or terms this time?

Yes. If you had a strong repayment history with us, you are qualified for preferred rates, flexible terms, or lower down payment requirements.

5. Can I have more than one active car loan?

That depends on your credit profile and income level. In some cases, customers may qualify for multiple car loans, subject to approval criteria.

6. Will missed or late payments affect my ability to borrow again?

Yes. Late or missed payments on a previous loan can impact your eligibility, interest rate, or loan terms.

7. As a repeat borrower, what are the benefits I get in availing a new car loan?

As a loyal customer, you will enjoy lower interest rate, lower down payment requirement, and faster processing time.

For Auto Loan Plus, you will benefit from Free Chattel Mortgage Fee and Documentary stamp tax for loan amount Php 500k to Php 5M, and on top of these you are entitled to a Free 1-year worth of car insurance.

For Auto Loan Flexilite, you will benefit from 0% down payment, Flexible loan terms of up toa maximum of 8 years and Lite monthly amortization.

 

Interested?

Request a call from our team by filling out the form below.

Submit Form