RFSC Multi-Purpose Loan
RFC multi-purpose loan is an unsecured installment loan for employed individuals earning at least ₱12,000, self-employed or business owners. Get a quick cash loan with 1-2 days processing for your home improvements, tuition fees, emergency expenses, medical needs, car repairs, or additional capital. Apply for a loan starting at ₱10,000 up to ₱5,000,000 in various payment terms of 3, 6, 9, or 12 months. Interest rate is at 4% per month. This multi-purpose loan allows you to settle your financial obligations and meet your personal needs.
RFSC Multi-Purpose Loan
Are you in need of a loan for home improvement, tuition fees, emergency expenses or others? Then apply now for an RFSC multi-purpose loan and with a minimum of PHP12,000 monthly income, you can get PHP10,000 - PHP5,000,000 for a personal loan payable in 3, 6, 9, or 12 months.
Overview
- Product Name:
- RFSC Multi-Purpose Loan
- Remarks:
- Quick Processing Cash Loans for a Minimum Monthly Income of only PHP12,000
- Minimum Amount of Loan:
- PHP10,000.00
- Maximum Amount of Loan:
- PHP5,000,000.00
- Minimum Loan Tenure:
- 3 months
- Maximum Loan Tenure:
- 12 months
Eligibility and Requirements
- Age Range of Borrower:
- 21-64 years old
- Minimum Annual Income:
- PHP144,000.00
- Income Requirement Remarks:
- Apply for as low as PHP12,000.00 net monthly income
- Employment / Work Status:
- Permanent Employee for 1 year / Government Employee for 1 year
- Borrower has to have Credit Card:
- No
- Guarantor Required:
- No
- Collateral Required:
- No
- Other Requirements:
- Need to Open Linked Bank Account:
- No
Application and Approval
- Application Channel:
- Approval Duration:
- 24 to 48 hours
- Approval Duration Remarks:
Fees and Charges/Penalties
- Loan Processing and Dispersal Fees:
- Early Repayment Penalty:
- Late Payment Penalty:
- 5%
Interest Rates Offered
| Product Name: | Interest Rate | Effective Interest Rate | Interest Type |
|---|---|---|---|
| RFC Pesonal Loan - 3 months | 4.00% -4.50% | Monthly Rate | |
| RFC Personal Loan - 6 months | 4.00% -4.50% | Monthly Rate | |
| RFC Personal Loan - 9 months | 4.00% -4.50% | Monthly Rate | |
| RFC Personal Loan - 12 months | 4.00% -4.50% | Monthly Rate | |
| RFC Business Loan - 3 months | 4.00% -4.50% | Monthly Rate | |
| RFC Business Loan - 6 months | 4.00% -4.50% | Monthly Rate | |
| RFC Business Loan - 9 months | 4.00% -4.50% | Monthly Rate | |
| RFC Business Loan - 12 months | 4.00% -4.50% | Monthly Rate |
FAQs
What are the required documents to apply for an RFC Multi-purpose loan?
Employed
- Accomplished Application Form
- At least 21 years old up to 64 years old
- Primary ID (front and back)
- 3 specimen signature
- Latest proof of billing
- Latest 1 month pay slip
- SSS online screenshot of member details and actual contribution from SSS website for private employees
- GSIS screenshot of service record for government employees
- 4 references (2 co-workers and 2 relatives’ names and mobile number)
Self-Employed
- Accomplished Application Form
- At least 21 years old up to 64 years old
- 2 valid IDs, primary and secondary (front and back)
- 3 specimen signature
- Latest proof of billing
- Current and previous year’s business permit
- Picture of business
- Proof of income for the past 3 months (logbook, bank statements or receipts)
- Copy of latest 3 months bank statements
- 4 references (2 co-workers and 2 relatives’ names and mobile number)
What are the modes of payment
- You can pay your monthly amortizations through over-the-counter payment, BDO, UCPB, EastWest Bank, Metrobank, RCBC, Bayad Center, 7-11, GCash, Palawan Pawnshop/Express.
What are the eligibility requirements for an RFC Multi-purpose loan application?
- Applicant must be between 21 – 64 years of age, 1 year in service for private and government employee. Applicants employed by BPOs need to have 1 year of service as a supervisor or manager position. Professionals and self-employed applicants need to be at least 1 year in operation. Net monthly income requirement is only PHP12,000
How do I claim my RFC multi-purpose loan proceeds?
- Cash pick-up – Cebuana Lhuiller, LBC, Pera Hub, RCBC
- Bank credit – BDO, Metrobank, China Bank Savings, UnionBank, RCBC, PNB, EastWest, BPI, UCPB, Security Bank, Landbank, Asia United Bank (AUB), Robinsons Bank
- Mobile wallet – Gcash, Dragonpay