RDR Credit Assistance
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                FAQ

                1. How do I apply for a loan?


                Through RDR Credit Assistance and its affiliated Sales Agents.

                2. What are the key conditions to qualify?


                Your business should be operational for a min of one (1) year and you should have a checking account (CA) that has been active for at least six (6) months.

                3. How long will it take for my application to be processed?


                The process takes approx. 5-7 banking days upon receipt of complete requirements.

                4. How do I find out if my loan application has been approved?


                Your sales agent will contact you of the status of your loan application.

                5. How do I pay for my amortization?


                Payment is done through submission of PDCs (post-dated checks) up-on release of the loan.

                6. How do I apply for a renewal/additional?


                Submit your latest 3 months latest bank statements or clear copy of passbook for all checking accounts.

                7. Can I take out a personal loan?


                We are dedicated to helping local enterprises grow. As such, our business model and processes have not been developed to support personal loans.

                8. Is it possible to take out a loan without a checking account?


                We only entertain clients who have an existing checking account because we receive our clients’ loan payments through post-dated checks (PDCs).


                9. What is your interest rate?


                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 to sit down with us to discuss this further.


                10. Is there a Processing or service fee?


                Yes, to be deducted from the loan proceeds, in case you avail of the loan.

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                RDR Credit Assistance Corp

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