Revolving Credit Line

Revolving Credit Line

• What is a Revolving Credit Line?
• How is my total Revolving Credit Line amount determined?
• How can I use my Revolving Credit Line?
• Can I request for a credit line increase?
• Why is my credit line locked?
• My 12 months term with my Revolving Credit Line is over, how can I renew it?

Interest Rate, Terms, Transaction Fees

• How much is your interest rate?
• How do you determine the interest rates?
• Is it possible to minimize interest fees?
• What is the term for a loan?
• How much is the convenience fee?
• How do I sign my Subscription Fee Contract?

Loan Requests and Acceptance

• How can I drawdown funds from my First Circle account?
• How do I sign the loan contract?
• What should I do after signing my loan agreement?
• Can I still change my loan details after I sent out a drawdown request?

Cheque Issuance & Pick-up

• What do I write on the cheque?
• What are the accepted cheques?
• How to upload a cheque?
• My cheque is already available for pick-up, what do I need to do?
• Do you have a cut-off for cheque collection?
• Do I have to pay for a courier fee for the cheque pick up?

Fund Disbursement

• How can I receive my funds?
• How long would it take to receive my funds?
• How to know the status of my disbursement?

Repayment

• Can I pay off my financing earlier than the due date?
• How can I reschedule?
• Can I pay off a rescheduled loan earlier than the rescheduled date?
• Can I reschedule on the repayment date?
• What happens when I fail to reschedule?
• How to settle late payments?

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Other FAQs

• What's First Circle's TIN ID?
• How can I track my existing loans?
• Can I apply for a new loan even if I have existing loans?
• Do I need to have a checking account?
• How can I avail of the Best Price Guarantee?