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

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