What is Radiowealth Finance Company?
To set the record straight, RFC or Radiowealth Finance Company is the longest-running financial lending company in the Philippines and has operated for almost 50 years now. The company has proven its stability throughout the past years and built its credibility from high up. RFC provides quality financial services to the under sourced individual or business man in the country.
Radiowealth Finance Company has more than 100 branches in the Philippines whose goal is to serve and empower Filipinos who have financial needs, whether it is a car loan, appliances loan, or personal/business loan, RFC has your back.
Radiowealth Finance Company loans, how does it work?
Radiowealth Finance Company operates on a larger scale compared to other financial lending companies in the country. It is convenient to apply with them because of the easy application process, and not to mention that they are a well-established company. In fact, they offer three different kinds of loans: the business loan, the multi-purpose loan, and the financing loan.
Business Loans
Basically, business loans are for Filipino entrepreneurs who wish to maximize growth and opportunity for their business. Clients can choose to go with a no-collateral loan or the one with a collateral loan. Some of the RFC business loans are the Working Capital Loan, Franchise Financing Loan, and Pondo Para sa Pag-Unlad.
Multi-purpose Loans
This kind of loan is meant for either multi-purpose or personal loan, depending on the need of the client. Some loan examples are Educational Loan, Salary Loan, and Professional Loan.
Financing Loans
This loan is the answer to everyone’s dream, financing loan allows a client to borrow money to purchase their dream car, reach a financial goal, update their furniture, or home appliances, as well as business equipment.
How much does Radiowealth Finance Company loans?
The loanable amount varies depending on what type of loan a client will acquire. For Business Loans, the loanable amount is from Php10,000 up to Php5 million payable for three to eighteen months. For Multi-purpose Loans, the amount is from Php10,000 to Php250,000 payable for three to twelve months. And for Financing Loans, the minimum loanable amount is Php10,000 payable for three months and up.
Interest Rates
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3.5% up to 4% interest per month.
Note: The interest rate may vary depending on the loan product. Better check their online calculator for accurate information.
Is Radiowealth Finance Company legit? Is it SEC registered?
It is a given fact that Radiowealth Finance Company is a legitimate and government recognized financial lending company, we can visibly see it through their company history. The company is listed in Securities and Exchange Commission under the name of Radiowealth Finance Co., Inc. with a Registration No. AS9600005A, and a Certificate of Authority No. 173.
How long does it take to claim the loan money?
After completing the loan application process, and the application has been verified and approved, the money will be disbursed after the confirmation for a day or two in the nearest RFC branch in the area.
RFC Benefits
Some unique features of Radiowealth Financing Company is the additional financing for every purchase of a product (appliances), exclusive loan for the creation and expansion of a business, fast and easy loan repayment with accredited payment partners, and can possibly apply for a multi-purpose loan.
How to apply for a loan?
Interested clients who wishes to borrow whether it is for the Business, Financing, or Multi-purpose loan, visit https://apps.rfc.com.ph/rfc360loans/ and fill out the necessary field in the application or contact them through the following number 09458337483 (Globe), 09611361160 (Smart), or (+632)8584-6033 for the landline. Except a company representative to assist with the application after dialing the numbers given.
Requirements
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Must be 21 to 64 years old
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Filipino citizen
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2 Valid Government Issued ID
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Proof of Billing
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Proof of Income
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Residential or Business Address Mao
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Certificate of Employment
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Business Permit (For Business Owners)
Note: The requirements above are just the basic requirements, other requirements may vary depending on what loan a client will process.
How do I pay the loan?
Clients may settle their monthly loan repayments through the following RFC accredited payment partners:
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E.C. Pay
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BDO
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Palawan Express Pera Padala
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Metrobank
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GCash
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Eastwest Bank
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Bayad Center
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UCPB
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China Bank Savings
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Cebuana Lhuillier
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LBC
What happens if I can’t pay?
For instances of default payments, it is subject to penalties and may reflect a bad credit history on the profile of the client.
RFC Phone and Contact Number
Clients who are having inquiries with Radiowealth Finance Company may reach out through the following channels:
Phone Number:
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(+632) 86501138
Mobile Number:
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09611361660
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09953079062
Email:
RFC Branches
Main branch: The DMG Center, D.M.Guevara St., Mandaluyong City 1550
Other branches:
- Fuentes Drive.
- Roxas City 5800 Capiz.
- Ledesma, Iloilo City 5000 Iloilo.
- 68 Real Street, Pamplona.
- Las Pinas City.
- Metro Manila and many more.
Radiowealth Finance Company Complaints
Here are some of the most common complaints received by RFC from its clients all throughout their operating years:
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Clients are having problem regarding their personal information, after getting the information the bank will notify that the loan is disapproved. In short, they are only after the information as the clients suggest.
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They have poor customer service. It took hours or days before answering and solving queries. Sometimes the customer service representative doesn’t know how to handle the issue. Proper training is highly recommended.
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The loan application has been approved but it took days before the disbursement has been done.
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Others are complaining about the unsystematic loan procedure and the high interest rates.
Radiowealth Finance Company Reviews
Despite the criticisms received by RFC, many of their clients through the years are still keeping their faith in the company. Here are proofs on how they provide solutions to every client’s financial problems:
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The legacy reflects on their standard services. The process was very fast and easy to deal with unlike other lending companies. The loan approval is very fast.
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The customer service representatives are very accommodating. They answer all our queries with accurate and helpful information.
Have you used the Radiowealth Finance Company car loan? Share your experience here.