With a min. monthly income requirement as low as ₱7,000 (provincial) or ₱10,000 (Metro Manila), loan from ₱5,000 up to ₱50,000.
|Min. financing amount||₱ 5000|
|Max. financing amount||₱ 50000|
|Min. loan tenure||3 months|
|Max. loan tenure||12 months|
|Interest rate||3.5% per month|
|Approval duration||3-5 working days|
|Processing fee||6% of approved loan amount|
|Stamp duty||12 months = (PNV / 200) x 1.5; < 12 months = ((PNV /200) x 1.5) x (term / 12)|
|Disbursement & misc. fee||₱200 notarial fee|
|Late payment charges||5% of amount due|
|Min. salary requirement||₱ 7000|
|Guarantor / Collateral requirement||No Collateral requirement / No Co-maker or Guarantor requirement (although there are some instances where co-maker may be required)|
|Need to open linked bank account?||No|
Radiowealth Finance Corporation (RFC) is a fully Filipino owned company that has been offering loan solutions to the public for the past 50 years. With products that specifically cater to the usual financial needs of the common Filipino, they provide a variety of financing options that ranges from car, appliance, education, OFW, and salary loans, to business loans that covers financing for machineries and heavy equipment, medical apparatus, and even SME working capital or store inventory loans. For their personal loan, you can borrow from as low as ₱5,000 to as much as ₱50,000 at a minimum 3.5% add-on-rate per month. Loan tenure ranges from 3 months to 1 year and applicants must have a monthly income of ₱7,000 (provincial) or ₱10,000 for Metro Manila residents aged 21 to 64 years.
Advantages Of Applying With RFC:
You can check below details for more information.
With RFC Personal Loan, borrow from as low as ₱5,000 to as much as ₱50,000 subject to approval.
An applicant must fulfill RFC's eligibility criteria for a loan:
Consequently, after filling out an application form, the following documents are necessary:
Employed applicants need:
Self–Employed applicants need:
Overseas Filipino Workers (OFWs) / Allottees will need:
*Additional documents may be required during credit evaluation.
The RFC Personal Loan calculator computes the estimated cost of borrowing and amount of payment per installment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.
With a variety of loan options in the market, it will be the borrower’s responsibility to look into the details of each and every loan and check whether it is viable based on their needs. Another factor to consider is the reliability and reputation of the lender. With more than 50 years of experience, Radiowealth Finance Corporation has been providing financial services to various market segments. So if you are in the market for a non-bank loan provider offering small-scale loan amounts with low monthly income requirements, then RFC Personal Loan could be the right choice for you.
If you are looking for funds to finance your new business quickly, or if you need to immediately settle an outstanding debt, you can apply for a FundKo personal loan and get approved in as fast as 3 - 5 days. With this multi-purpose loan, you can borrow from as low as ₱15,000 up to ₱250,000 with an interest of 18% per annum. You can settle this loan with flexible payment terms ranging from 3, 6, 9, up to 12 months. What’s also great is that you can apply even if you don’t have any credit card or collateral. You can be eligible for this loan if you have minimum monthly salary of ₱20,000 and between 20 - 65 years of age.
With payday still a few days away and you are already running low on funds, a good solution is to take a short-term loan just to get you through until you receive your next salary. You can then pay it off immediately to avoid paying additional fees and charges. A good option currently in the market is the Cashwagon Cash Loan. Apply without any required collateral and with a low minimum monthly income of just ₱6,000. You can borrow from a minimum of ₱2,000 up to ₱20,000 and get it straight to your bank account in as quick as 1-2 days upon approval. Interest charge will be up to 40% of the approved amount with a loan tenure of 30 days. You need to be 20 to 60 years old to apply.
Whatever your need is, you can trust Asteria Lending to provide the additional funds that you require. For immediate cash, you can apply for an Asteria Personal Loan to help you resolve any urgent financial issue. Get approved in as fast as 48 hours, and get the money straight to you account. You can loan from ₱2,000 up to ₱20,000 with interest charge of 0.8% per day. There are no required collateral and you need to have a minimum monthly income of only ₱10,000. Applicants must be 21 - 60 years of age and the loan must be settle from 10 weeks up to 3 months maximum.
If you are more inclined in taking a loan from major banks in the industry, then you can always consider getting one from the top online loan providers in the country. It may take more time and required documents to prepare before you get approved but you can easily compare and review application details on our site before you proceed with the whole process.