Having instant cash when you need it can be a lifesaver. Financing Loans help you cover the expenses of buying a car, appliances and furnishings for your first home, tuition fee payments, and other financial needs.
Take advantage of our easy and accessible financing options!
Need a new car for the family? We’ve got a vehicle loan to answer your lifestyle needs. We can help you go the distance!
Getting tired of using outdated and broken appliances? You don’t need to! Upgrade now without breaking the budget with our easy installments at select partner establishments including Anson’s, Savers, and Robinson’s Appliance store outlets.
The Medical Equipment Loan provides assistance to clinics and medical facilities acquire and replace their existing equipment to maintain efficiency and high standards. This, too, will ensure that the medical personnel can deliver the care their patients need each and every time.
Need help with your business productivity? Equipping your employees with the right tools can significantly make a difference. For SMEs, we have developed the Special Equipment Loan that can be invested to help on work processes, and further boost your company’s efficiency!
Getting cash is easy! Whether it’s bills payment, emergency cash fund or simply an extra money for a birthday celebration, our Multi-Purpose Loan can be used for various purposes.
Start your road to success now!
Don’t limit yourself and take the next step. Give yourself or your child the best education possible. Worry less because for your financial needs, we are here.
Vehicle Downpayment Loan
Investing on a new car can come at a hefty price tag. These sentiments will be unheard of as our No Cash Out Loan allows you to use your existing unit as collateral to avail another new unit for your loved ones. So worry less and enjoy more!
Unplanned expenses and emergencies? We got you covered with the Institutional Salary Loan. By partnering with us, you can help your employees with their financial emergencies, and ensure they are given assistance to meet their immediate needs. Contact us and start a partnership to know more!
Vehicle Upgrade and Modification
Tired of keeping up with checkups, maintenance and insurance payments for your car? With our Auto Repair Loan, there will be no more worries! We take care of these concerns, including car modification and upgrades, to make driving a breeze. Now, you can just sit back and have more time to enjoy your trips.
Enjoying the corporate world as a professional can sometimes be a struggle especially if you’re thinking of big investments. Good thing, you can avail Professional Loans that allows you to use it for business or personal purposes.
Expanding your business and allowing other companies and agencies to use your space may look like a good idea. For those establishments who’s open for leasing, our Lessor’s Loan might just be the one you’re looking for.
Our OFW heroes deserve to live an awesome life. That is why we created our OFW Loan that truly understands our overseas workers who toil away from home to create a better future for their loved ones. Don’t miss getting credit that will help you see this through!
OFW Family Loans
OFW families understand the sacrifices, as well as the unpredictability of job security and income of their loved ones working abroad. That is why we created the OFW Beneficiary Loans to help the family members here start a business or use it for personal needs. Because helping one another is what families do.
Being your own boss comes with a huge responsibility, and we do understand that sometimes the cash flow can be a little tight. We also know that in order to grow, you need to increase inventory or beef up your capital. RFC supports the Filipino entrepreneur by offering flexible business loans.
We help your business dreams take flight.
SME Working Capital Loan
A business can apply for an SME Working Capital Loan, with the same qualifications and restrictions as an SME.
Store Inventory Loan
A business can finance their inventory purchases with the Store Inventory Financing, subject to qualifications and restrictions.
Auto Dealer’s Loan
An Auto Dealer’s Loan allows a dealer to borrow for financing for the purchase of a vehicle unit inventory for re-sale. A credit line of up to 1.5 million is opened for use by the dealer.
Completed Application Form
Two ID pictures (2×2)
Two (2) full-month pay slips
Any one (1) valid primary ID (SSS, GSIS, Postal ID, Company ID, Voter’s ID, Driver’s License)
Cedula / Barangay Clearance
Completed Application Form
Two (2) ID pictures (1×1 or 2×2)
Passbook (open for six months)
Any one (1) valid primary ID (SSS, GSIS, Postal ID, Voter’s ID, Driver’s License)
Or two (2) secondary IDs (Pag-ibig ID, PhilHealth)
Latest utility bill (telephone, electricity, water, or cable)
Completed Application Form
Corporate/Partnership Registration Certificate
Minutes of the Board Resolution stating the authorization of loan application
List of authorized signatory/ies
Mayor’s / Business Permit
Copy of SEC Registration
Additional Documents For OFW's
Proof of Remittance (latest three months) or Passbook (latest three months)
Copy of live contract
Additional Requirements For PDC Collection Payments
Latest deposit slip (on the checking account) that is not more than one week old.
Application and Approvals FAQs
How do I apply for a loan?
Am I eligible to apply?
The following are your eligibility requirements:
- You should be a Filipino citizen not lower than eighteen (18) years of age
- Residency of at least two (2) years, except if you are a new home owner
- Good character and reputation
- A source of income. If employed, you should have been connected with your current employer for at least two (2) years with a minimum basic monthly salary of Php 18,000.
- If you are a professional or self-employed, you should have been in the same profession or the same business for at least three (3) years, and your business should have been operational for at least two (2) continuous years with profitable operations.
What are the requirements of applying for a loan?
Requirements would depend on the kind of loan product you will avail. The interest rates as well as the processing time also vary depending on the type of product that you apply for.
- 2 valid government ID’s (if employed, pls include company ID)
- Proof of Billing
- Proof of Income (3 month payslip)
- Residential, Business, or Employment Address Map
- Certificate of Employment
- Business Barangay/ Business/ DTI Permit (for business owners)
How will I know if my loan is approved?
Our RFC representative will call to inform you if your application is already approved.
He/she will also request you to complete the required documentations and will convey the instructions on how to claim your loan.
I am interested in renewing my loan but I still have an outstanding loan. Do I first need to pay off my loan before applying for another one?
There is no need to pay off the loan. You can renew your loan if you have already paid at least fifty percent (50%) of your loan. However, the balance will be deducted from the proceeds of your new loan application.
How do I renew loan?
Loan renewals are accommodated by our branches. You can call our hotline number or proceed directly to the branch who handles your account.
For renewal, would I be required to submit the same documents?
No need. You are only required to send the latest proof of your income or bank statements.
Do I get higher chances of my loan amount getting approved if this is a renewal?
Generally, yes. You may have a higher chance in getting your new loan approved and even a higher loan amount, especially if you have good credit standing with us.
Would the procedure for applying be the same for renewal loans?
Considering that this is a renewal loan application, the procedure will be much shorter. It is possible that we will request from you updated documents if applicable.
Fees and Repayments FAQs
Is there an application fee?
Loan Applications done online are free. RFC application forms from the branches are not for sale. But there will be upfront charges like processing/notarial fee if you wish to process your application to your nearest branch.
How will I pay my amortization?
Post-dated Checks (PDC) are required for loans amounting to PHP100,000 and above. Upon the release of your loan, you may issue PDCs as a form of security of payment to us.
I have a problem with my payments. What do I do?
Please get in touch with our RFC Branch Manager that handles your account for proper resolution of your problem.