February 12, 2020 | Posted by: Venus Zoleta | Loans
February 12, 2020
Struggling to find a loan that’s easy to get and suitable for your needs? The RFC loan might just be what you’re looking for.
Here’s everything you need to know about this online loan, so you know if it’s perfect for you. We’ve also included a quick RFC loan application guide should you decide it’s the best loan for your needs.
An RFC loan is an online loan from the Radiowealth Finance Company (RFC)  that gives Filipinos an affordable and easy way to get personal or business financing.
RFC has been operating for over 50 years, starting with providing car loans and appliance loans—the first financing company to offer these financial products—in the 1960s.
Radiowealth Finance has three types of loans for various financial needs: financing loans, multi-purpose loans, and business loans.
RFC Financing Loans are for borrowers whose goal is to fulfill a financial goal, like buying their dream car, upgrading their appliances, procuring office and business equipment, and more.
Here are the different financing loans that Radiowealth Finance offers:
Radiowealth Finance provides a wide range of multi-purpose or personal loans for urgent or critical cash needs such as emergencies and personal needs.
Compared to RFC Financing Loans, RFC Multi-Purpose Loans have a shorter maximum loan term at 12 months, with loan amounts capped at PHP 150,000.
You can avail of any of these RFC personal loans:
RFC also offers business loans to Filipino entrepreneurs who wish to start or expand their own business. Borrowers may opt to avail of either a no-collateral loan or one with collateral.
Here are three types of RFC Business Loans to choose from:
The interest rate you’ll be charged depends on the type of loan you avail, the amount you’ll borrow, and your chosen repayment period.
A shorter repayment period will result in higher monthly installments but lower interest payments over the loan term. On the other hand, if you opt to pay over a longer loan term, the total interest payment is higher, but it’s easier on the monthly budget because the installment amount is lower.
So you can estimate how much you’ll repay monthly, use the RFC online loan calculator . It quickly computes your monthly installments based on the type, amount, and term of the loan you choose.
It’s easy to qualify and apply for any loan from Radiowealth Finance. The income requirement is low, and only minimal documents are required. This makes RFC loans ideal for Filipinos with bad credit or no credit history.
RFC’s online application system also makes the process very convenient for borrowers.
Basic Document Requirements for RFC Loan
Additional RFC Loan Requirements for Employees
Additional RFC Loan Requirements for Self-Employed
Additional RFC Loan Requirements for OFWs
Borrowing money from the Radiowealth Finance Company is a quick and straightforward process over the internet.
Here’s how to apply for an RFC loan online:
An account executive from Radiowealth Finance will contact you for instructions on how to claim your loan proceeds. You may be required to provide the latest deposit slip of your checking account if you’ll be issuing post-dated checks for your loan repayment (for loan amounts of PHP 100,000 and up).
If you prefer to apply for an RFC loan in-branch, you can do so at any of Radiowealth Finance’s 100+ branches nationwide . You can have your loan application processed at the nearest branch. Upfront fees such as processing and notarial fees will be charged for such a request.
Need assistance in your RFC loan application? You may contact an RFC account executive at (0905) 307-9062 (for Globe subscribers) or (0961) 136-1660 (for Smart subscribers) or send a message to email@example.com.