|Min. financing amount||₱ 10000|
|Max. financing amount||₱ 100000|
|Min. loan tenure||3 months|
|Max. loan tenure||36 months|
|Interest rate||As low as 1.5% to 4% monthly interest rate|
|Approval duration||3-5 banking days|
|Stamp duty||PNV /200 X 1.5|
|Age requirement||Age 21 - 65|
|Employment eligibility||If employed, should be presently connected with employer for at least 1 year. If Self-Employed, business must be operating at least 1 year. Minimum ₱18,000 monthly income.|
|Min. salary requirement||₱ 18000|
|Guarantor / Collateral requirement||yes|
|Need to open linked bank account?||No|
Radiowealth Finance Company (RFC) is one of the longest-running finance companies in the Philippines. Established in 1964, they were known for their car and appliance loans.
Today, they have expanded to provide business loans to small and medium businesses with 100 branches around the country offering a variety of loan options to Filipinos.
If you are looking to start or grow your business, getting a loan from RFC can be your solution.
A multi-purpose loan is suitable for borrowers who need cash and do not want to put up any collaterals, and still enjoy fixed rate and payment. The key to not accumulating an insurmountable debt with your loan is: always be prompt and up-to-date with your credit repayments – be it personal loan or others.
Minimum monthly income of interested borrowers should be at least ₱18,000.
RFC offers multipurpose loans for a minimum borrow amount of ₱10,000 to a maximum of ₱100,000.
RFC Multi-Purpose Personal Loans have interest rates from 1.5% to 4%.
Approval of your loan can processed within 3-5 banking days.
The tenure for a RFC Multi-Purpose Personal Loan is between 3 to 36 months.
You can apply for an RFC Multi-Purpose Personal Loan through their website or through us via this apply form link.
The due date will be based on the date of your approval.
RFC Multi-Purpose Personal Loan charges 5% of the amount due as a late fee.
The payment method for the RFC Multi-Purpose Personal Loan is through a Post-Dated Check (PDC) only.
Yes. Applying for a multi-purpose loan will require a collateral or guarantor.