Notice: Due to high volumes of Loan Application, you may experience delays in the processing of your Personal loan application. Rest assured we will update you once your loan has been processed.

RFC Business Loan

Up to ₱1,000,000 business loan approved in 3-5 working days

Interest rate (p.a.)

42.00% - 42.00%

Approval Duration

3-5 working days

Loan Tenure

0.5 - 1 years

 Min. monthly income

₱7,000

Product Features

Min. financing amount ₱100,000.00
Max.financing amount ₱1,000,000.00
Min. loan tenure 3 months
Max. loan tenure 12 months
Interest rate 3.5%-4% per month
Approval duration 3-5 working days
Debt consolidation No

Fees & Charges

One time set up
Processing fee 6% of approved loan amount
Stamp duty 12 months = (PNV / 200) x 1.5; < 12 months = ((PNV /200) x 1.5) x (term / 12)
Disbursement & misc. fee ₱200 notarial fee / Insurance (GCLI) = (PNV / 1,000) x 20
Penalties
Early settlement N/A
Late payment charges 5% of amount due

Eligibility

Age requirement Age 21 - 64
Employment eligibility Filipinos only with permanent residence
Min. salary requirement ₱7,000 gross per month
Guarantor / Collateral requirement Yes

Other Requirements

Need to open linked banked account? No
Other details Third Party Payment Channels ECPay (available in 7/11 stores), Bayad Center, Metrobank, Eastwest Bank, UCPB, RCBC and BDO

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