OFW Loan - Overseas Workers Low Interest Credit (OWWA / Bank / Private Lenders)
is now on PROMO = 2.49% instead of 3.75% before. Hurry and apply Now this February Only!
starts a new beginning for overseas Filipino workers. Our non-collateral OFW Loan is now easier to apply. Also open for migrant workers, citizens, residents and those already abroad or onboard ship as seaman. Just be careful not to use the words placement fee loan when applying to avoid your loan from getting declined or disapproved.
OFW migrant loan is now open. CLICK HERE
You Qualify If:
- You have at least 20K salary for DH OFW and other rank and file positions.
- You have at least 30K salary for skilled and professionals and those living and already working abroad as migrant, citizen or OFW with working visa.
- For OFW - You have complete documents - POEA validated contract, OEC, visa, ticket, passport and is bound to depart at least 15 days from date of application. Must be able to provide immediate family member coborrower.
- For Migrants and Citizens Abroad - You are a citizenship holder or migrant worker with a regular job with income not less than Php 30,000 and willing to provide a coborrower immediate family member from the Philippines.
- You have a co-borrower immediate family
member (kapatid, asawa or parent 60 y.o. below or anak na 21 y.o above or common law spouse with children) or (anybody
with regular source of income [subject for approval])
NO PDC / CHECKING ACCOUNT NEEDED!
NON APPEARANCE PROCESSING!
GUARANTEED NO HIDDEN CHARGES!
OPEN TO ALL OFW HERE OR ALREADY ABROAD!
WITH LOAN PAYMENT GRACE PERIOD!
ONLINE APPLICATION ALLOWED!
PAYMENT THRU MONEY REMITTANCE CENTERS ONLY!
Call to inquire about Loan – Sam Casuncad (Pinoy loan consultant)
home office phone: 542 7015 / 7756277
Sun Cellular No 0932 – 872 5532
Smart Cellular No 0939 - 9269335
Globe No 0917 – 5019245 (with Viber, IMO and Whatsapp)
Email application form at firstname.lastname@example.org / email@example.com
Fill Up Our Online Application Form
Just fill up our online form below and we will respond to your inquiry as soon as we receive it (ASAP).
Since Pinoys working abroad (balikbayad) (balik manggagawa) find it hard to apply in OWWA for OFW loan assistance program without collateral, many private lending companies found a way to make this loan easier to apply and qualify for. Banks have done the same although the only difference is that private lenders take less time to process the application up to the approval of the loan. Banks also cannot currently accept migrant workers, residents and citizens with regular job abroad.
Requirements as well as pre-qualification is now available online and inquiries are even within reach for interested borrowers who have fast communication medium such as Viber, FB Messenger, roaming number, IMO, Whatsapp, Google Hangouts, Skype or Line etc. Application form may be filled up online too. via our online form below.
How to Pre-Qualify to Apply for OFW Loan in the Philippines
Here at Fast Loan Philippines, we always make sure that clients
This is done through a series of questions in
an interview. It helps us and our clients stay away from wasting
precious time, effort and money only to find out they can't qualify at
Be ready to consider some important aspects that we will be asking about. Don't worry, no need to prepare, just answer us as we ask questions to help us know if you can possibly be approved of your loan application with our lending providers.
10 Factors Affecting Qualification
- Country destination (negative or delinquent countries are subject for approval)
- Salary stated in the contract (at least 20K for DH and 30K for skilled and professional OFW workers and 50K for residents and citizenship holders with regular job)
- Completeness and correctness of requirements on hand (fake requirements automatically declined)
- Departure date (must be 15 days before departure upon loan application)
- Willingness to spare time for the application and patience to allow the process to progress based from lending prerogatives and policies
- Residence location and status (own house or rented allowed) (negative area residence is subject for approval)
- Availability of a co-borrower or co-maker is a must
- For migrants or residents with work, must have either Viber, Roaming Number, Whatsapp, Facebook Messenger, Google Hangouts Chat, IMO video and chat and other available communication for personal live interview
- at least 2 months proof of remittance is a must - this can be from Philippines (received receipt) or from abroad (bank statement or receipt of remittance)
- Expired documents such as passport, visa (residence / working), iqama, COE, contract, OEC etc.
10 Major OFW Loan Requirements
Here is a checklist of the basic documentary requirements. Prior to having them all photocopied in advance, it is suggested that you pre-qualify with me. Submit only complete documents for fast processing, approval and release of your OFW loan.
Call me now ASAP so you won't be wasting money and time.
- Completely filled up application form. Download here.
- POEA validated latest contract
- OEC (overseas employment certificate)
- Latest and updated / valid passport
- e-ticket (only for OFW about to go abroad) (no need for migrants and citizens)
- 2 valid primary IDs
- Water or electric bill - (doesn't have to be under borrower's name but must have same address as 2 valid primary IDs)
- Co-borrower (immediate family member) (see list above)
- [if balik manggagawa] provide all BM docs + airline ticket or eticket
Pinoy Abroad OFW Loan Requirements
- COE or job contract from COMPANY or salary certificate
- OEC (overseas employment certificate (if meron)
- Latest and updated / valid passport
- page ng passport with stamp on last arrival to country of destination
- 3 months latest proof of remittance to Philippines (remittance receipts or 3 months latest payslip from your company)
- 2 valid primary IDs - company ID and Philippine ID (pwede SSS or voter's ID or any Phil ID)
or electric bill in Philippines residence ng OFW - (doesn't have to be
under borrower's name but must have same address as 2 valid primary IDs
- Co-borrower spouse or immediate family member (kapatid or parent or anak or common law spouse)
- 2 valid primary IDs ng coborrower
- marriage contract kung wife and birth cert ng OFW at anak or kapatid kung anak or kapatid ang coborrower
- 3 months latest remittance receipts of 3 months bank statement if sa bank pumapasok ang remittance
- YOUR mobile number or Viber number and landline so we can call you for particulars
- OFW Viber number or FB Messenger / Skype ID for live questioning / interview with OFW
How Much Interest Rate?
Promo = Processing Fee Only 5% instead of 9.9% Before
Sample loan calculator computation including monthly amortization payment. Now only 2.49% instead of 3.75% interest rate apply.
This is only a sample computation and is not a precise final figure for all applicants. Lowest possible interest rates apply with us here being your professional and qualified Pinoy loan consultants.
Compare Private Lending OWWA and Banks
Different banks have offered OFW loan now in response to demand in growth of overseas Filipino workers looking to apply for loan to use either for personal, family, placement fee and other purposes.
- Private Vs BDO
- Private Vs BPI
- Private Vs Landbank
- Private Vs PSBank
- Private Vs FCB
- Private Vs Chinabank
- Private Vs East West Bank
- Private Vs OWWA
OFW Loan Payment Terms
3 months - 12 months is the actual loan payment term in lending for OFW by private companies. There is flexibility with this personal loan for Pinoys abroad so payment as duration may depend upon the stated employment contract of the overseas Filipino worker. 1 month grace period is applied. Payment is thru remittance centers only for 300K loan and below. In this case, a checking account is no longer required. for more than 300k loans, PDC is a must but may be waived on a case to case basis.
If interested to apply, please fill up our loan application form above. We will call you as soon as we receive your details in our email.
Jul 05, 16 08:30 PM
Apply for Bestloan Philippines Credit Corporation personal loans. Know other loan products, requirements and branches. Fill up our online form now!
Jan 16, 16 10:56 PM
Are you a vet looking for cash? Avail of veterinarian doctors loan in the Philippines. Fast and NO agent's fee personal loan no hidden charges. See requirements and apply now!
Nov 29, 15 06:40 PM
Different loans with bad credit. Your choices of lending company providers in the Philippines without collateral.