Personal Loan

Business Loan

Salary Loan

Vehicle Loan

We help you afford
a new vehicle

FOR AS LOW AS 1.5%
Interest rate

Make the Right Choice!

Easily Apply for Loans on RCF Mobile App

Get it on:

START DRIVING YOUR DREAM CAR.

We can finance up to 80% of the appraised value.

Spread your payment terms up to a maximum of 5 years and for as low as 1.5% interest rate.

Available for Brand-new or Pre-loved cars!

Loanable Amount:

80% of the appraised
value of the car

Terms

5 years maximum

Interest Rate:

as low as 1.5%

Terms of Payment:

Monthly

Payment Methods:

Post-Dated Checks (PDCs), via RCF Wallet, Bank Transfer, etc.

Who Can Apply?

  • Filipino Citizen
  • 20 – 60 years old
  • Tenured Employee for at least 1 year

Requirements

  • 2 Valid IDs (Government Issued IDs)
  • COE (with position, tenure, and annual income)
  • 3 Months Payslips
  • Maintained Bank Account (6 months bank statement)
  • Proof of Billing (under your name and your residential address)
  • *Additional Documents is required for self-employed applicants such as Business Permit or Mayor's Permit, DTI Registration, and Latest ITR & Financial Statement
  • *Upon loan approval, if you do not have a checking account, we will assist you with our bank partners to open a checking account
  • *Processing time may vary per user depending on cut-off or the accuracy and timeliness of the requirements submitted to us.

Our Loan Application Process

  • Step 1: Download the myRightChoice on Android / myRCF on IOS
  • Step 2: Create your account
  • Step 3: Fill out all information and upload all your requirements on the App
  • Step 4: Track your Loan Application Status in our RCF App
  • Step 5: Receive your money!

FAQs

How long will it take for the approval process of a vehicle loan?

Within 24 to 48 hours

How much can I borrow?

Our minimum loan amount is Php20,000 and our maximum is Php3,000,000. The specific amount you are eligible to borrow depends on your loan application details and our credit review process.

How to apply for a loan?

Step 1: Download the App on Your Mobile
Step 2: Create RCF Wallet Account and Get Verified
Step 3: Select Your Loan (Salary, Employee, Business, Auto and Home Loan)
Step 4: Upload Your Requirements to the App
Step 5: Wait for Loan Approval
Step 6: Receive Funds in Your RCF Wallet

Is there a fee to apply for a loan?

Applying for a loan is FREE. We only charge a processing fee from the principal of your approved loan amount disbursed to you.

What are the requirements?

For Business Loan
1. Completely filled-out online loan application form
2. Valid IDs (1 Primary and 1 Secondary)
3. Business Permit (DTI/Mayor’s Permit, etc)
4. Latest ITR and Financial Statement
5. SEC Papers (for Corporation)
6. Bank Statement (6months latest)- Checking/Savings
7. PDC (Post Dated Checks)
8. Bank statements via BRANKAS for faster processing within 24 hrs. (accredited banks BDO, RCBC, PNB, Metrobank & BPI) or manually upload the bank statements (latest 6 mos.) for banks not accredited by BRANKAS
For Personal Loan
1. Certificate of Employment
2. Payslip (3 months)
3. Proof of Billing
4. 2 Valid IDs
5. Location Selfie (w/ residence facade that includes house number as background)
6. Bank statements via BRANKAS for faster processing within 24 hrs. (accredited banks BDO, RCBC, PNB, Metrobank & BPI) or manually upload the bank statements (latest 6 mos.) for banks not accredited by BRANKAS.
7. Post Dated Checks (PDCs)
For Car Loan
1. Completely filled-out online loan application form
2. 2 Valid IDs (1 Primary and 1 Secondary)
3. Payslip (3 months latest)
4. COE (latest)
5. Bank statement (6 months latest) – checking/savings
6. Proof of billing (Brgy. Clearance is needed if the place is rented)
7. PDC
8. Collateral documents (latest Official Receipt / Certificate of Registration, etc.)
For Home Loan
1. Completely filled-out online loan application form
2. 2 Valid IDs (1 Primary and 1 Secondary)
3. Payslip (3 months latest)
4. COE (latest)
5. Bank statement (6 months latest) – checking/savings
6. Proof of billing (Brgy. Clearance is needed if the place is rented)
7. PDC
8. Collateral documents (copy of TCT or CCT / Tax Clearance / Lot Plan w/ vicinity Map, etc.)

What happens if I am unable to make a payment?

Your loan repayment agreement is legally binding and valid. If you cannot make a payment on time, you can contact us ahead of your due date so we can work with you on a payment arrangement. Applicable penalty fees and charges shall apply to all missed payments in accordance with our loan agreement.

Right Choice Finance Corp.

RIGHT CHOICE FINANCE CORPORATION IS A REGISTERED FINANCE COMPANY WITH CS201612058 WITH SEC AUTHORITY NO. 1189

OUR LOCATIONS

MAIN OFFICE

7TH FLOOR, PHILCOX BUILDING, 172 SALCEDO STREET, LEGAZPI VILLAGE, MAKATI CITY 1229

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Head Office