Promo Period

The RCBC Home Loan Treats promotion (the Promo) is open to new and existing RCBC depositors who will apply for and avail of the RCBC Home Loans from October 27, 2023 to December 31, 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 May 31, 2024 (the “Availment Period”).

 

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:

 

1. Open to all home loan applications sourced and submitted through RCBC branches .

2. Promo shall also be offered to the existing home loan applications sourced by RCBC branches

3. The special rate of 6.3% is only applicable to home loan acquisition.

4. The bank charges discount / waiver will be applicable to all housing loan purpose and home loan variants.

5. Minimum loan amount shall be Php1,000,000

6. Minimum loan term shall be 5 years to avail the promo rate of 6.3% fixed for 1 year.

 

Promo Features

 

1. Fee waiver on bank charges of up to Php63,000

         Note: P6,300 fee waiver for every P1Mio loan amount

Loan Amount	Fee Waiver Amount
P1Mio	P6,300
P2Mio	P12,600
P65Mio	P63,000

2. Special rate of 6.30% fixed for 1-yr for home loan acquisition

3. Lower rates for Home loan equity 

Client Type	Home Loan Equity Rates
	1 Yr Fix	2-3 Yr Fix	4-5 Yr Fix
Non-Depositor	7.00%	7.50%	8.00%
Depositor	6.78%	6.88%	7.50%
Hexagon Privilege	6.50%	6.75%	7.25%
Hexagon Priority	6.25%	6.50%	7.00%
Repeat Borrowers	6.50%	6.75%	7.25%

 

General Provisions

1. All loan applications qualified under the Promo are subject to RCBC’s standard credit evaluation policy and guidelines.
2. Clients with pending applications will be qualified to avail the promo provided booking is within the availment period.
3. Clients may opt not to avail of the promo rate of 6.3% fixed for 1 year if they choose a long fixing term. Depositors and Hexagon existing rates shall be applied.
4. 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 waived fees and corresponding collection fees.
5. In case of violation of any of the above conditions, customer shall be billed in full the corresponding waived bank charges applied at the time of offer.
6. 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.
7. New RCBC deposit account holders are eligible to qualify as long as they have an active deposit account within the promo period.
8. 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.The features of this Promo are non-transferrable, non-convertible to cash and cannot be assigned to any third person or entity. 
9. 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.