Choose a country
Philippines
Select a city
Select a city
Additional Information
English (PH)
Select country
Choose a country
Philippines
Canada
España
México
Philippines
United States
Việt nam
Казахстан
Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Radiowealth Finance

Advertiser Disclosure

About lender

Radiowealth Finance Corp. is a financial company that was founded in 1964 to provide loans to Filipinos who intend to buy a vehicle, a home, or household goods. For over 50 years, it has been one of the leaders in the world of consumer lending.

Radiowealth Finance Corp. offers various financing products, ranging from personal loans to home and car loans, giving Filipinos access to money and the chance to improve their lives. It has been in the business of consumer lending for over 50 years. The Philippines is home to more than 100 Radiowealth Finance Corporations, ready to provide credit to the rich and poor. A special algorithm determines whether a borrower can pay off the debt before issuing a loan to a client.

Pros and cons

Before applying for a loan at any financial institution, it is always advisable to check its pros and cons and compare it with other financial institutions as this will help you make reasonable decisions. These are the pros and cons of applying for a loan at Radiowealth Finance Corp.

Pros

  • They provide a loan with many uses.
  • They collaborate with a few financial institutions to make loan repayment simple.
  • Loan applications are approved quickly.
  • The online application process is easy.
  • They also provide loans to Filipinos working abroad (OFWs).

Cons

  • Customer service is subpar.
  • Cash distribution after loan approval might take some time.

Loan conditions

To be eligible for a loan at RFC, you must have passed the following credit requirements, depending on your selected loan.

For working applicants

  • Duly filled application form;

  • Two valid government-issued IDs;

  • Confirmation of bank account;

  • Confirmation of income (one month's payroll).

For self-employed applicants

  • Duly filled application form;

  • Two valid government-issued IDs;

  • Valid Passbook (open for six months);

  • ITR / W2 / W2316;

  • Anyone valid primary ID (could be SSS, GSIS, postal ID, voter ID, driver's ID, or license) or two additional identifiers (Pag-Ibig ID, PhilHealth);

  • Last utility bill, i.e. the month before the application (telephone, electricity, water, or cable).

For companies

  • Duly filled application form;

  • Corporate registration certificate or partnership registration certificate;

  • A secretary's certificate;

  • Minutes of the board resolution, which must state the authorization of loan application;

  • List of all authorized signatories;

  • Mayors or business permit;

  • Copy of registration certificate from SEC.

For overseas Filipino workers (OFWs)

  • Duly filled application form;

  • Two valid government-issued IDs;

  • Confirmation of the bank account;

  • Confirmation of income (one month’s payroll);

  • Proof of remittance for the last three months or a passbook for the last three months;

  • A copy of the live contract.

These are basic RFC loan requirements; the company may require more documents depending on the type of loan and the applicant's credit requirements.

SME business loan. Firstly, they need your details, like name, date of birth, educational qualifications, etc., then your source of income, and the above-listed documents.

Financing loans. They help you finance the purchase of appliances, motorcycles, cars, vans, trucks, heavy equipment, business, or farm equipment. To qualify for this loan, you need the above data and some extra data like two 2x2 ID photos, photos of your business store locations, notarized GIS, and a business permit.

Funding a loan

RFC offers two types of loans: cash loans and financing loans.

Cash loans

  • SME business loans. You can get the additional cash you need to expand your store or buy more goods to grow your business. They support businesses like laundry, sari-sari stores, and wet markets. To apply for a loan, visit the company's website and provide your personal and business details. If successful, you'll get the loan amount in your bank account.
  • Personal loans. You can get the additional cash you need for tuition, medical bills, home renovations, medical bills, or even to pay off existing loans. In the case of home renovations, the house will be used as collateral and transferred back to you when you're done with the loan payment. You must visit their website, provide your data and collateral documents, and wait for approval to apply. You'll get your loan amount in your bank account if you're successful.

Acceptable collaterals for a cash loan are real estate property, motor vehicles, selected appliances, sea vessels, motorized Banca, and livestock.

Financing loans

With the RFC financing loan, you can get the vehicle, appliance, or equipment you need for your personal or business needs. To apply, you must first visit their website and submit an inquiry form. If it is approved, you will now proceed to the application proper, submit the required documents, and wait to be approved. You get your loan amount in your bank account if you are successful.

The minimum loan amount for any RFC loan is ₱10,000, and the maximum is ₱3,000,000; the loan term offered is between 1 and 36 months with a monthly interest rate of 1.4%.

Radiowealth Finance

FAQ

What is Radiowealth Finance Corporation?

RFC is a Filipino financial institution with the mission of helping underserved Filipinos maximize their full potential and achieve major growth by developing alternative sources of financing.

Who owns Radiowealth Finance Corporation?

M. Guevara owns the company.

How do you qualify for a loan at RFC?

To qualify for a loan, you must be a Filipino working and living in the country or an OFW. If you're aiming at the SME loan, you must present some needed documents to verify that your business is recognized by the SEC.

How much can you borrow from RFC?

The minimum loan amount is ₱10,000, and the maximum is ₱3,000,000, depending on the loan type.

Is Radiowealth Finance Corporation a legitimate company?

The Securities and Exchange Commission (SEC) is responsible for obtaining the correct permission for any financial company that plans to do business in the Philippines. On the official website of Sec.gov.ph, you can find a list of companies that have been reviewed and are believed to be reliable; Radiowealth Finance Corporation is on this list.

What is the longest loan term offered by Radiowealth Finance Corporation?

The longest loan term offered by the company is 36 months.

At what age are you eligible to apply for a loan at Radiowealth Finance Corporation?

The age range for loan applications at Radiowealth Finance Corporation is between 18 to 64 years.

How do I repay an RFC loan?

Loans received at the RFC can be repaid in several ways. The borrower has the opportunity to pay off debt at any partner bank of this financial company, as well as at specialized terminals that can be found in any city in the Philippines. The loan can also be repaid at RFC's representative offices.

How does RFC protect users' data?

They use your credit processing data and transmit it over a secure channel. They will protect your data against accidental or unlawful disclosure to third parties, with certain exceptions provided by law.

Is there an application fee at RFC?

Loan online applications are free, while RFC application forms found in branches are not for sale. However, if you wish to submit your application to your local branch, there may be upfront costs, such as the processing/notarial fee.

Financial products

Radiowealth Finance
SME Business Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
10 000 - 3 000 000 ₱
Rate
i

Effective interest rate on the product

3.5% - 4% per month
Term
i

Loan term for the financial product

1 - 36 months
Radiowealth Finance
Personal Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
10 000 - 3 000 000 ₱
Rate
i

Effective interest rate on the product

3.5% - 4% per month
Term
i

Loan term for the financial product

1 - 36 months
Radiowealth Finance
Personal Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
10 000 - 3 000 000 ₱
Rate
i

Effective interest rate on the product

3.5% - 4% per month
Term
i

Loan term for the financial product

1 - 36 months

Similar products

DIGIDO
Instant online loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

4
Recommended FinScore™
0
300
650
1000
₱25000
Rate
i

Effective interest rate on the product

11,9% per month
Term
i

Loan term for the financial product

6 months
Kviku
Online Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱25000
Rate
i

Effective interest rate on the product

up to 0.16% per day
Term
i

Loan term for the financial product

180 days
MoneyCat
Instant cash loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱20000
Rate
i

Effective interest rate on the product

11,9% per month
Term
i

Loan term for the financial product

6 months
Finbro
Personal Loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱1,000 - ₱50,000
Rate
i

Effective interest rate on the product

up to 0.6% per day
Term
i

Loan term for the financial product

up to 12 months
OFBank
Multi-purpose loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
OFBank
Small business loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rural Bank of Angeles
Commercial loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rural Bank of Angeles
Microfinance Loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to ₱300,000
Rate
i

Effective interest rate on the product

up to 54% per annum
Rural Bank of Angeles
Agricultural loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

26.82% per annum
1st Valley Bank
Supervised credit (SUCRE)
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000

RFC loan calculator

Calculate loan payments at RFC. Loans calculator will allow you to calculate an approximate payment schedule for the loan.

Radiowealth Finance calculator
Interest rates are given in accordance with the rates of the Radiowealth Finance in Manila as of 04.12.2022
Loan amount
i

Specify the desired loan amount

PHP
PHP
10000 ₱
3000000 ₱
Loan term
i

Specify the loan term for the calculation

months
days
1
36
City

What to pay attention to when applying for a loan at Radiowealth Finance?

Recommendations

What distinguishes Radiowealth Finance from a bank:

Your comment has been added
Error
Your complaint has been recorded
Invalid username or password
comment.alert.error-reg
Please log in to like/dislike
Invalid SMS code has been entered
All Radiowealth Finance’s reviews by december 2022
Leave feedback

Similar companies

Bayad
Business Solutions Center Meralco Complex, Ortigas Avenue 0300 Pasig City, Philippine
+632 8672-5777
GCash
internet only
MOTOPAWN
RABAYA ST. KIMBA CANSOJONG, Talisay, Philippines
+63 949 376 6445
BHF Pawnshop
974 Gen. Kalentong St. Mandaluyong City Metro Manila
(02) 534-5993
PTS Gadget Pawnshop
691 Tandang Sora Ave, Matandang Balara, Quezon City, 1119 Metro Manila
+63 915 505 7703