Frequently Asked Questions
Through RDR Credit Assistance and its affiliated Sales Agents.
Your business should be operational for a minimum of one (1) year and you should have a checking account (CA) that has been active for at least six (6) months.
The process takes approx. 5-7 banking days upon receipt of complete requirements.
Team RDR will contact you for the status of your loan application.
Payment is done through submission of PDCs (post-dated checks) upon release of the loan.
Submit your latest 3 months latest bank statements or clear copy of passbook for all checking accounts.
We are dedicated to helping local enterprises grow. As such, our business model and processes have not been developed to support personal loans, or salary loans.
We only entertain clients who have an existing checking account because we receive our clients’ loan payments through post-dated checks (PDCs). Also, part of the eveluation process is knowing how well the applicant manages his finances, through check issuance.
The interest rate is subject to the approval of the credit committee. The rate may vary depending on the loan amount as well as term length. We welcome interested applicants to submit an application and talk to us for any requests.
Yes, to be deducted from the loan proceeds, in case you avail of the loan.
