“RFC Loan” for Your Money Needs. No Need to Visit a Bank!

Loan

In need of money but hesitant to visit a bank?

RFC Loan

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?

RFC Loan, Loan, online 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

RFC Loan, Business Loan, Personal Loan

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

Personal Loan, Cash Loan, RFC 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
Note: More options are coming according to RFC. Stay updated and visit theirwebsite for more updates

As Next Steps

RFC loan, Loan, Business Loan

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 ..

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