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.
What Types of Loans Can I Get from RFC?
Radiowealth Finance has three types of loans for various financial needs: financing loans, multi-purpose loans, and business loans.
1. RFC Financing Loans
Minimum loan amount: PHP 10,000
Loan term: Three to 36 months
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:
Vehicle Loan – Budget-friendly way to purchase a new car
Appliance Loan – Easy installment plans at RFC’s partner merchants such as Robinsons Appliances, Anson’s, and Western Appliances
Machineries and Heavy Equipment Loan – Provides instant cash for the purchase of different types of equipment needed for business operations
Medical Equipment Loan – For clinics and medical facilities that need to update their medical equipment to better serve their patients
Special Equipment Loan – Helps small businesses get the tools to improve their employee’s productivity and their overall efficiency
2. RFC Multi-Purpose Loans
Loan amount: PHP 10,000 to PHP 150,000
Loan term: Three to 12 months
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:
Education Loan – For tuition fee or other school-related expenses of your children
Vehicle Downpayment Loan – Allows you to get a new vehicle for your family by using your existing vehicle as collateral. No need for a cash-out.
Auto Repair Loan – For funding expenses related to car repair, maintenance, modification, and upgrades
Salary Loan – An institutional loan type availed by employers as a benefit for their employees who need to cover any financial emergency
Professional Loan – Intended for professionals who need extra money for funding any important expense related to their practice of a profession, such as travel costs, business meals, and office rental fee
Lessor’s Loan – Provided to individuals and companies that lease their office space to other companies
OFW Loans – For funding personal or business expenses of OFWs
OFW Family Loans – Helps OFW beneficiaries to start a business or cover their personal needs
3. RFC Business Loans
Loan amount: At least PHP 10,000 (with collateral) / PHP 10,000 to PHP 150,000 (without collateral)
Loan term: Three to 36 months (with collateral) / Three to 12 months (without collateral)
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:
Working Capital Loan – Provides additional funding for acquiring assets important to your business’ day-to-day operations
Business Expansion Loan – Helps SMEs fund the equipment, tools, and other investments for growing their business
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.
How to Apply for an RFC Loan
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.
RFC Loan Requirements
Who Can Apply for a Loan from Radiowealth Finance?
Filipino citizen living in the Philippines for at least 12 months
21 to 64 years old
For employed applicants: Working for the current employer for at least one year, with a basic monthly salary of at least PHP 10,000
For self-employed/professional applicants: Running the current business profitably or practicing the same profession for at least two years
What Documents are Required for RFC Loan Application?
Basic Document Requirements for RFC Loan
Accomplished online RFC loan application form
Two valid government-issued IDs (including company ID for employees)
Latest utility bill
Additional RFC Loan Requirements for Employees
Certificate of Employment
Additional RFC Loan Requirements for Self-Employed
Business Barangay Permit / Business Permit / DTI Certificate of Registration
Income tax return (ITR)
Two ID photos (1 x 1 or 2 x 2)
Passbook (active for at least six months)
Additional RFC Loan Requirements for OFWs
Latest three-month proof of remittance or passbook
Copy of active and valid employment contract
RFC Loan Application Steps
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:
Access the online loan application form  and fill it out with the required information.
Upload all the required documents for your RFC loan application.
Wait for a text confirmation of your loan approval within 24 hours.
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 requirements 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 firstname.lastname@example.org.