In need of money but hesitant to visit a bank?
Photo Source:Radiowealth Finance Facebook Page
With the current situation of the pandemic in the Philippines, the unemployment rate rises every month and businesses are starting to minimize the work hours to cost-cut, not only business-mans are affected but also the workers are having financial difficulty.
Are you one of the affected because of the retrenchment or just preparing yourself for a different venture? If yes, read this article.
What is RFC Loan?
Radiowealth Finance Corporation’s goal is to help the underserved Filipinos and to optimize their full potential and achieve major growth through alternative sources of funding. RFC is a non-bank financial institution focusing on the underserved credit market.
RFC started as a manufacturer of radio and cars in the Philippines. However, RFC launched and established loan solutions that made its company a reputable and good provider in the Philippines.
Loan Products
RFC or Radiowealth Finance Corporation has a wide and variety of loan products to choose from.
Multi-Purpose
When the pandemic happened in the Philippines, a lot of us aren’t even prepared. Some have no budget to feed their families, some lost their jobs and some broke their piggy-banks due to an emergency caused by the pandemic.
RFC’s Multi-Purpose loan can be maximized or used for different purposes.
- Renovate your home-sweet-home with a Home Improvement Loan
- Continue or upgrade your academics with Education Loan
- Get enough funds when you need it with an Emergency Fund Loan
- Explore new places with a Travel Fund Loan
- Extra cash with a Salary Loan
Business Loan
Being an owner of a business has a lot of responsibility and that includes managing your business’s cash flow. RFC’s aim is to support Filipino entrepreneurs’ by offering them various business products.
- Expand your business with a Business Expansion Loan
- Start your success with a Franchising Loan
- Enhance your business cash flow with a Working Capital Loan
Financing Loan
Financing loan is just the same with Multi-Purpose and Business Loan. Below are some of the financing loan products:
- No need to take public transport and expand your business an Auto Financing
- Improve your business or home with an Appliance Loan
- Boost your production with a Special Equipment Loan
- Enhance your business cash flow with a Retail Equipment Loan
Requirements Needed for Faster Approval
For every loan product, there are specific and necessary documents that the applicant needs to submit to RFC.
Working Capital Loan Requirements
- Completed Loan Application Form
- 2 valid government ID’s (if employed, pls include company ID)
- Proof of Billing Statements
- DTI Registration Certificate
- Business or Mayor’s Permit
- Proof of income, 3 Months latest audited financial statements
- Photo of Business store location
Business Expansion Loan Requirements
- Completed Loan Application Form
- 2 valid government ID’s (if employed, pls include company ID)
- Proof of Billing Statements
- DTI Registration Certificate
- Business or Mayor’s Permit
- Proof of income, 3 Months latest audited financial statements
- Photo of Business store location
Franchise Financing Loan Requirements
- Completed Loan Application Form
- 2 valid government ID’s (if employed, pls include company ID)
- Proof of Billing Statements
- DTI Registration Certificate
- Business or Mayor’s Permit
- Proof of income, 3 Months latest audited financial statements
- Franchise certificate
- Photo of Business store location
Sole Proprietorship Loan
- Duly accomplished loan application form (hardcopy or digital versions)
- At least two (2) government-issued IDs
- Latest 2 2×2 ID photo
- Proof of residency – billing statements / official receipts / lease contract (for those renting)
- DTI Registration Certificate
- Business Permit or Mayor’s permit
- Other Permits / Certification issued by government agency as required depending on type of industry (such as permits issued by DENR, DOH, DAR, RoD, LTO, LRA, etc.)
Partnership and Corporation Loan Requirements
- Duly accomplished loan application form (hardcopy or digital versions)
- At least two (2) primary government-issued IDs (for authorized signatories)
- Latest 2 2×2 ID photo (for authorized signatories)
- Proof of business site –billing statements / official receipts / lease contract (for those renting)
- SEC Registration Certificate
- Articles of Incorporation / Partnership and By-laws
- Notarized GIS
- Notarized Partnership / Board Resolution and Secretary’s Certificate (denote appointment of authorized signatory to transact for the loan, to sign loan documents and authorization to conduct credit investigation)
- SPECIAL POWER OF ATTORNEY (issued by corporations / partnerships for representatives acting on behalf of the company)
- Business Permit
- Other Permits / Certification issued by government agency as required depending on type of industry (such as permits issued by DENR, DOH, DAR, RoD, LTO, LRA, etc.)
For more details about requirements, visitRFC Website .
Where to Claim the Cash Loan
The good thing about an RFC loan is that you canget your cash loan anywhere . Below are the easy disbursement channels:
Cash Pick Up
- Cebuana Pera Padala
- LBC
- Pera Hub
- RCBC, RCBC Savings Bank
Bank Credit
- BDO, Metrobank, China Corp Savings, Union Bank
- RCBC, PNB, EastWest, BPI, UCPB
- Security Bank, LandBank, AUB, Robinsons Bank
Mobile Wallet
- Gcash
As Next Steps
Applying for a loan shouldn’t make you feel shy or intimidated. Be sure with your goal and purpose of applying for a loan. With the help of RFC Loan, meeting your personal, business, or travel needs is just one click or application away ..
