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Monday, March 05, 2018

Do You Know Where Can OFWs Avail Of Low Interest Loans?

Our modern heroes, the Overseas Filipino Workers (OFWs) keep the Philippine economy afloat by the remittances they send to their families back home. In return, they can get perks and privileges through private banks and government offices with programs tailor-made just for them. It includes providing low interest loans that can be used by the OFWs to pay for their mortgages, purchase a new house and lot or acquire funds for their business ideas should they want to stay in the country for good
Government efforts to help the OFW sector is made more evident with the establishment of the Overseas Filipino Bank which will cater the needs of the OFWs.
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Our modern heroes, the Overseas Filipino Workers (OFWs) keep the Philippine economy afloat by the remittances they send to their families back home. In return, they can get perks and privileges through private banks and government offices with programs tailor-made just for them. It includes providing low interest loans that can be used by the OFWs to pay for their mortgages, purchase a new house and lot or acquire funds for their business ideas should they want to stay in the country for good.   Government efforts to help the OFW sector is made more evident with the establishment of the Overseas Filipino Bank which will cater the needs of the OFWs.  Advertisement         Sponsored Links       Where can OFWs avail of low interest loan services?  We had listed the government agencies and banks where our modern heroes  can get loans which won't hurt their pocket while paying.     Home Development Mutual Fund (Pag-IBIG) and Social Security System (SSS) OFW Loan  Pag-IBIG offers affordable housing loans to member OFWs who have contributed for 24 months or more. Borrowers should be 65 years old and below, without any outstanding, defaulted, or foreclosed Pag-IBIG loans.  On the other hand, OFWs who have at least 36 months worth of contributions can also apply for a Direct Housing Loan Facility from SSS. However, they can only be granted this housing loan once. You can still qualify for SSS’ home loan even if your spouse has availed of it prior to marriage, as long as the OFW Loan is not delinquent.     Bank of the Philippine Islands (BPI) OFW Loan  If you’ve been working overseas for 2 years and up with a monthly income of P30,000 or more, you may qualify for a BPI Personal OFW Loan and Auto loan. BPI also offers home loans for OFWs who earn a minimum of P40,000.     You must be 21 years old to apply and no more than 60 years old on loan maturity.  loan application can also be made online.  To start with your online loan application, click here.          Security Bank OFW Loan  Security Bank offers Home Loans and Auto Loans to OFWs who have worked abroad for at least 2 years and are earning P40,000 for Home Loans and P50,000 for Auto Loans.    BDO Unibank (BDO) OFW Loan  BDO’s Asenso Kabayan Program offers Home, Auto, and Personal OFW Loan options. You must have been employed for at least 2 years with a monthly income of P50,000 for the Auto Loan and P10,000 for all other OFW loan types. Borrowers must be 25 years old or older but not more than 65 years old upon loan maturity.   BDO Kabayan Program  BDO Kabayan Personal Loan Unsecured  A multi - purpose and non collateral Personal Loan for OFWs with fixed income.  BDO Kabayan Personal Loan Secured  The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security.  The following are the type of deposits allowed for this facility:  Peso or Dollar Savings Account  Peso or Dollar Time Deposit – at least co-terminous with the loan tenor  The minimum deposit requirement is P15,000 or its dollar equivalent. Though, the loan proceeds will be in Pesos.  Applicant should be the OFW only. However, if the deposit collateral is a joint account, beneficiary may apply as a principal borrower of the loan  The following cannot be allowed to be held as collateral  “In Trust For” accounts  Accounts with existing/ongoing hold-out arrangements   Benefits  Flexible loan amounts  Minimum of P10,000   For BDO Kabayan Personal Loan Secured  For Peso account, maximum of 90% of the deposit account balance  For Dollar account , maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine peso equivalent.   Fixed monthly payments – pay the same amount every month with any of the following flexible payment terms:  3 months (for Unsecured)  6 months  12 months  18 months  24 months  36 months    Loan proceeds will be credited to BDO account  Top Up Loan Feature  Secure and additional Personal loan equal to or greater than the original Personal Loan (subject to submission of new income documents)  For BDO Kabayan Personal Loan (Secured and Unsecured)  Existing Personal Loan with good standing may qualify for re-availment or top-up plan    Convenient Application  Submit your application at any of our BDO branches nationwide  For our Kabayans working abroad, you may use the BDO Kabayan Application forms by clicking the following links:    BDO Kabayan – Secured    Application Form        Deed of Assignment Form              Special Power of Attorney     Auto-Debit Arrangement Form      Beneficiary Information Form          BDO Kabayan – Unsecured   A multi - purpose and non collateral Personal Loan for OFWs with fixed income.  The requirements are: Application Form  Authorization Form  Auto-Debit Arrangement Form  Beneficiary Information Form   Philippine Savings Bank (PSBank) OFW Loan  OFWs can also avail of Own Your Home and Drive Your Car OFW Loan product. Borrowers have to be 21 years old and up to 65 years old upon loan maturity. You must have worked abroad for a minimum of 2 years with a household income of P30,000.   OFW Bank  Land Bank of the Philippines President and CEO Alex Buenaventura said personal loan application for OFWs Through the newly established Overseas Filipino Bank (OFBank) will be made simple.   OFWs only need to prove that they have a capacity to pay and the loanable amount depends on the purpose of the loan and the bigger the amount, the longer time will be given for the OFWs to pay for their loans. The bank also plans to give a volume discount to lower interest.    Read More:  Beware Of  Fake Online Registration System Which Collects $10 From OFWs— POEA  Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse?  Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries?

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Where can OFWs avail of low interest loan services?
We had listed the government agencies and banks where our modern heroes  can get loans which won't hurt their pocket while paying. 

Home Development Mutual Fund (Pag-IBIG) and Social Security System (SSS) OFW Loan
Pag-IBIG offers affordable housing loans to member OFWs who have contributed for 24 months or more. Borrowers should be 65 years old and below, without any outstanding, defaulted, or foreclosed Pag-IBIG loans.

On the other hand, OFWs who have at least 36 months worth of contributions can also apply for a Direct Housing Loan Facility from SSS. However, they can only be granted this housing loan once. You can still qualify for SSS’ home loan even if your spouse has availed of it prior to marriage, as long as the OFW Loan is not delinquent.

 Bank of the Philippine Islands (BPI) OFW Loan

If you’ve been working overseas for 2 years and up with a monthly income of P30,000 or more, you may qualify for a BPI Personal OFW Loan and Auto loan. BPI also offers home loans for OFWs who earn a minimum of P40,000. 

You must be 21 years old to apply and no more than 60 years old on loan maturity.
loan application can also be made online.
To start with your online loan application, click here.


Our modern heroes, the Overseas Filipino Workers (OFWs) keep the Philippine economy afloat by the remittances they send to their families back home. In return, they can get perks and privileges through private banks and government offices with programs tailor-made just for them. It includes providing low interest loans that can be used by the OFWs to pay for their mortgages, purchase a new house and lot or acquire funds for their business ideas should they want to stay in the country for good.   Government efforts to help the OFW sector is made more evident with the establishment of the Overseas Filipino Bank which will cater the needs of the OFWs.  Advertisement         Sponsored Links       Where can OFWs avail of low interest loan services?  We had listed the government agencies and banks where our modern heroes  can get loans which won't hurt their pocket while paying.     Home Development Mutual Fund (Pag-IBIG) and Social Security System (SSS) OFW Loan  Pag-IBIG offers affordable housing loans to member OFWs who have contributed for 24 months or more. Borrowers should be 65 years old and below, without any outstanding, defaulted, or foreclosed Pag-IBIG loans.  On the other hand, OFWs who have at least 36 months worth of contributions can also apply for a Direct Housing Loan Facility from SSS. However, they can only be granted this housing loan once. You can still qualify for SSS’ home loan even if your spouse has availed of it prior to marriage, as long as the OFW Loan is not delinquent.     Bank of the Philippine Islands (BPI) OFW Loan  If you’ve been working overseas for 2 years and up with a monthly income of P30,000 or more, you may qualify for a BPI Personal OFW Loan and Auto loan. BPI also offers home loans for OFWs who earn a minimum of P40,000.     You must be 21 years old to apply and no more than 60 years old on loan maturity.  loan application can also be made online.  To start with your online loan application, click here.          Security Bank OFW Loan  Security Bank offers Home Loans and Auto Loans to OFWs who have worked abroad for at least 2 years and are earning P40,000 for Home Loans and P50,000 for Auto Loans.    BDO Unibank (BDO) OFW Loan  BDO’s Asenso Kabayan Program offers Home, Auto, and Personal OFW Loan options. You must have been employed for at least 2 years with a monthly income of P50,000 for the Auto Loan and P10,000 for all other OFW loan types. Borrowers must be 25 years old or older but not more than 65 years old upon loan maturity.   BDO Kabayan Program  BDO Kabayan Personal Loan Unsecured  A multi - purpose and non collateral Personal Loan for OFWs with fixed income.  BDO Kabayan Personal Loan Secured  The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security.  The following are the type of deposits allowed for this facility:  Peso or Dollar Savings Account  Peso or Dollar Time Deposit – at least co-terminous with the loan tenor  The minimum deposit requirement is P15,000 or its dollar equivalent. Though, the loan proceeds will be in Pesos.  Applicant should be the OFW only. However, if the deposit collateral is a joint account, beneficiary may apply as a principal borrower of the loan  The following cannot be allowed to be held as collateral  “In Trust For” accounts  Accounts with existing/ongoing hold-out arrangements   Benefits  Flexible loan amounts  Minimum of P10,000   For BDO Kabayan Personal Loan Secured  For Peso account, maximum of 90% of the deposit account balance  For Dollar account , maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine peso equivalent.   Fixed monthly payments – pay the same amount every month with any of the following flexible payment terms:  3 months (for Unsecured)  6 months  12 months  18 months  24 months  36 months    Loan proceeds will be credited to BDO account  Top Up Loan Feature  Secure and additional Personal loan equal to or greater than the original Personal Loan (subject to submission of new income documents)  For BDO Kabayan Personal Loan (Secured and Unsecured)  Existing Personal Loan with good standing may qualify for re-availment or top-up plan    Convenient Application  Submit your application at any of our BDO branches nationwide  For our Kabayans working abroad, you may use the BDO Kabayan Application forms by clicking the following links:    BDO Kabayan – Secured    Application Form        Deed of Assignment Form              Special Power of Attorney     Auto-Debit Arrangement Form      Beneficiary Information Form          BDO Kabayan – Unsecured   A multi - purpose and non collateral Personal Loan for OFWs with fixed income.  The requirements are: Application Form  Authorization Form  Auto-Debit Arrangement Form  Beneficiary Information Form   Philippine Savings Bank (PSBank) OFW Loan  OFWs can also avail of Own Your Home and Drive Your Car OFW Loan product. Borrowers have to be 21 years old and up to 65 years old upon loan maturity. You must have worked abroad for a minimum of 2 years with a household income of P30,000.   OFW Bank  Land Bank of the Philippines President and CEO Alex Buenaventura said personal loan application for OFWs Through the newly established Overseas Filipino Bank (OFBank) will be made simple.   OFWs only need to prove that they have a capacity to pay and the loanable amount depends on the purpose of the loan and the bigger the amount, the longer time will be given for the OFWs to pay for their loans. The bank also plans to give a volume discount to lower interest.    Read More:  Beware Of  Fake Online Registration System Which Collects $10 From OFWs— POEA  Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse?  Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries?Our modern heroes, the Overseas Filipino Workers (OFWs) keep the Philippine economy afloat by the remittances they send to their families back home. In return, they can get perks and privileges through private banks and government offices with programs tailor-made just for them. It includes providing low interest loans that can be used by the OFWs to pay for their mortgages, purchase a new house and lot or acquire funds for their business ideas should they want to stay in the country for good.   Government efforts to help the OFW sector is made more evident with the establishment of the Overseas Filipino Bank which will cater the needs of the OFWs.  Advertisement         Sponsored Links       Where can OFWs avail of low interest loan services?  We had listed the government agencies and banks where our modern heroes  can get loans which won't hurt their pocket while paying.     Home Development Mutual Fund (Pag-IBIG) and Social Security System (SSS) OFW Loan  Pag-IBIG offers affordable housing loans to member OFWs who have contributed for 24 months or more. Borrowers should be 65 years old and below, without any outstanding, defaulted, or foreclosed Pag-IBIG loans.  On the other hand, OFWs who have at least 36 months worth of contributions can also apply for a Direct Housing Loan Facility from SSS. However, they can only be granted this housing loan once. You can still qualify for SSS’ home loan even if your spouse has availed of it prior to marriage, as long as the OFW Loan is not delinquent.     Bank of the Philippine Islands (BPI) OFW Loan  If you’ve been working overseas for 2 years and up with a monthly income of P30,000 or more, you may qualify for a BPI Personal OFW Loan and Auto loan. BPI also offers home loans for OFWs who earn a minimum of P40,000.     You must be 21 years old to apply and no more than 60 years old on loan maturity.  loan application can also be made online.  To start with your online loan application, click here.          Security Bank OFW Loan  Security Bank offers Home Loans and Auto Loans to OFWs who have worked abroad for at least 2 years and are earning P40,000 for Home Loans and P50,000 for Auto Loans.    BDO Unibank (BDO) OFW Loan  BDO’s Asenso Kabayan Program offers Home, Auto, and Personal OFW Loan options. You must have been employed for at least 2 years with a monthly income of P50,000 for the Auto Loan and P10,000 for all other OFW loan types. Borrowers must be 25 years old or older but not more than 65 years old upon loan maturity.   BDO Kabayan Program  BDO Kabayan Personal Loan Unsecured  A multi - purpose and non collateral Personal Loan for OFWs with fixed income.  BDO Kabayan Personal Loan Secured  The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security.  The following are the type of deposits allowed for this facility:  Peso or Dollar Savings Account  Peso or Dollar Time Deposit – at least co-terminous with the loan tenor  The minimum deposit requirement is P15,000 or its dollar equivalent. Though, the loan proceeds will be in Pesos.  Applicant should be the OFW only. However, if the deposit collateral is a joint account, beneficiary may apply as a principal borrower of the loan  The following cannot be allowed to be held as collateral  “In Trust For” accounts  Accounts with existing/ongoing hold-out arrangements   Benefits  Flexible loan amounts  Minimum of P10,000   For BDO Kabayan Personal Loan Secured  For Peso account, maximum of 90% of the deposit account balance  For Dollar account , maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine peso equivalent.   Fixed monthly payments – pay the same amount every month with any of the following flexible payment terms:  3 months (for Unsecured)  6 months  12 months  18 months  24 months  36 months    Loan proceeds will be credited to BDO account  Top Up Loan Feature  Secure and additional Personal loan equal to or greater than the original Personal Loan (subject to submission of new income documents)  For BDO Kabayan Personal Loan (Secured and Unsecured)  Existing Personal Loan with good standing may qualify for re-availment or top-up plan    Convenient Application  Submit your application at any of our BDO branches nationwide  For our Kabayans working abroad, you may use the BDO Kabayan Application forms by clicking the following links:    BDO Kabayan – Secured    Application Form        Deed of Assignment Form              Special Power of Attorney     Auto-Debit Arrangement Form      Beneficiary Information Form          BDO Kabayan – Unsecured   A multi - purpose and non collateral Personal Loan for OFWs with fixed income.  The requirements are: Application Form  Authorization Form  Auto-Debit Arrangement Form  Beneficiary Information Form   Philippine Savings Bank (PSBank) OFW Loan  OFWs can also avail of Own Your Home and Drive Your Car OFW Loan product. Borrowers have to be 21 years old and up to 65 years old upon loan maturity. You must have worked abroad for a minimum of 2 years with a household income of P30,000.   OFW Bank  Land Bank of the Philippines President and CEO Alex Buenaventura said personal loan application for OFWs Through the newly established Overseas Filipino Bank (OFBank) will be made simple.   OFWs only need to prove that they have a capacity to pay and the loanable amount depends on the purpose of the loan and the bigger the amount, the longer time will be given for the OFWs to pay for their loans. The bank also plans to give a volume discount to lower interest.    Read More:  Beware Of  Fake Online Registration System Which Collects $10 From OFWs— POEA  Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse?  Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries?

 Security Bank OFW Loan

Security Bank offers Home Loans and Auto Loans to OFWs who have worked abroad for at least 2 years and are earning P40,000 for Home Loans and P50,000 for Auto Loans.

 BDO Unibank (BDO) OFW Loan

BDO’s Asenso Kabayan Program offers Home, Auto, and Personal OFW Loan options. You must have been employed for at least 2 years with a monthly income of P50,000 for the Auto Loan and P10,000 for all other OFW loan types. Borrowers must be 25 years old or older but not more than 65 years old upon loan maturity.


BDO Kabayan Program

BDO Kabayan Personal Loan Unsecured

A multi - purpose and non collateral Personal Loan for OFWs with fixed income.

BDO Kabayan Personal Loan Secured

The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security.
The following are the type of deposits allowed for this facility:
Peso or Dollar Savings Account
Peso or Dollar Time Deposit – at least co-terminous with the loan tenor
The minimum deposit requirement is P15,000 or its dollar equivalent. Though, the loan proceeds will be in Pesos.
Applicant should be the OFW only. However, if the deposit collateral is a joint account, beneficiary may apply as a principal borrower of the loan
The following cannot be allowed to be held as collateral
“In Trust For” accounts
Accounts with existing/ongoing hold-out arrangements

Benefits

Flexible loan amounts
Minimum of P10,000

For BDO Kabayan Personal Loan Secured
For Peso account, maximum of 90% of the deposit account balance
For Dollar account , maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine peso equivalent.

Fixed monthly payments – pay the same amount every month with any of the following flexible payment terms:

  • 3 months (for Unsecured) 
  • 6 months 
  • 12 months 
  • 18 months 
  • 24 months 
  • 36 months 
Loan proceeds will be credited to BDO account

Top Up Loan Feature
Secure and additional Personal loan equal to or greater than the original Personal Loan (subject to submission of new income documents)
For BDO Kabayan Personal Loan (Secured and Unsecured)
Existing Personal Loan with good standing may qualify for re-availment or top-up plan


Convenient Application
Submit your application at any of our BDO branches nationwide or if you are working abroad, you can do it by visiting their website.



BDO Kabayan – Secured


Application Form 


Deed of Assignment Form 
Our modern heroes, the Overseas Filipino Workers (OFWs) keep the Philippine economy afloat by the remittances they send to their families back home. In return, they can get perks and privileges through private banks and government offices with programs tailor-made just for them. It includes providing low interest loans that can be used by the OFWs to pay for their mortgages, purchase a new house and lot or acquire funds for their business ideas should they want to stay in the country for good.   Government efforts to help the OFW sector is made more evident with the establishment of the Overseas Filipino Bank which will cater the needs of the OFWs.  Advertisement         Sponsored Links       Where can OFWs avail of low interest loan services?  We had listed the government agencies and banks where our modern heroes  can get loans which won't hurt their pocket while paying.     Home Development Mutual Fund (Pag-IBIG) and Social Security System (SSS) OFW Loan  Pag-IBIG offers affordable housing loans to member OFWs who have contributed for 24 months or more. Borrowers should be 65 years old and below, without any outstanding, defaulted, or foreclosed Pag-IBIG loans.  On the other hand, OFWs who have at least 36 months worth of contributions can also apply for a Direct Housing Loan Facility from SSS. However, they can only be granted this housing loan once. You can still qualify for SSS’ home loan even if your spouse has availed of it prior to marriage, as long as the OFW Loan is not delinquent.     Bank of the Philippine Islands (BPI) OFW Loan  If you’ve been working overseas for 2 years and up with a monthly income of P30,000 or more, you may qualify for a BPI Personal OFW Loan and Auto loan. BPI also offers home loans for OFWs who earn a minimum of P40,000.     You must be 21 years old to apply and no more than 60 years old on loan maturity.  loan application can also be made online.  To start with your online loan application, click here.          Security Bank OFW Loan  Security Bank offers Home Loans and Auto Loans to OFWs who have worked abroad for at least 2 years and are earning P40,000 for Home Loans and P50,000 for Auto Loans.    BDO Unibank (BDO) OFW Loan  BDO’s Asenso Kabayan Program offers Home, Auto, and Personal OFW Loan options. You must have been employed for at least 2 years with a monthly income of P50,000 for the Auto Loan and P10,000 for all other OFW loan types. Borrowers must be 25 years old or older but not more than 65 years old upon loan maturity.   BDO Kabayan Program  BDO Kabayan Personal Loan Unsecured  A multi - purpose and non collateral Personal Loan for OFWs with fixed income.  BDO Kabayan Personal Loan Secured  The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security.  The following are the type of deposits allowed for this facility:  Peso or Dollar Savings Account  Peso or Dollar Time Deposit – at least co-terminous with the loan tenor  The minimum deposit requirement is P15,000 or its dollar equivalent. Though, the loan proceeds will be in Pesos.  Applicant should be the OFW only. However, if the deposit collateral is a joint account, beneficiary may apply as a principal borrower of the loan  The following cannot be allowed to be held as collateral  “In Trust For” accounts  Accounts with existing/ongoing hold-out arrangements   Benefits  Flexible loan amounts  Minimum of P10,000   For BDO Kabayan Personal Loan Secured  For Peso account, maximum of 90% of the deposit account balance  For Dollar account , maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine peso equivalent.   Fixed monthly payments – pay the same amount every month with any of the following flexible payment terms:  3 months (for Unsecured)  6 months  12 months  18 months  24 months  36 months    Loan proceeds will be credited to BDO account  Top Up Loan Feature  Secure and additional Personal loan equal to or greater than the original Personal Loan (subject to submission of new income documents)  For BDO Kabayan Personal Loan (Secured and Unsecured)  Existing Personal Loan with good standing may qualify for re-availment or top-up plan    Convenient Application  Submit your application at any of our BDO branches nationwide  For our Kabayans working abroad, you may use the BDO Kabayan Application forms by clicking the following links:    BDO Kabayan – Secured    Application Form        Deed of Assignment Form              Special Power of Attorney     Auto-Debit Arrangement Form      Beneficiary Information Form          BDO Kabayan – Unsecured   A multi - purpose and non collateral Personal Loan for OFWs with fixed income.  The requirements are: Application Form  Authorization Form  Auto-Debit Arrangement Form  Beneficiary Information Form   Philippine Savings Bank (PSBank) OFW Loan  OFWs can also avail of Own Your Home and Drive Your Car OFW Loan product. Borrowers have to be 21 years old and up to 65 years old upon loan maturity. You must have worked abroad for a minimum of 2 years with a household income of P30,000.   OFW Bank  Land Bank of the Philippines President and CEO Alex Buenaventura said personal loan application for OFWs Through the newly established Overseas Filipino Bank (OFBank) will be made simple.   OFWs only need to prove that they have a capacity to pay and the loanable amount depends on the purpose of the loan and the bigger the amount, the longer time will be given for the OFWs to pay for their loans. The bank also plans to give a volume discount to lower interest.    Read More:  Beware Of  Fake Online Registration System Which Collects $10 From OFWs— POEA  Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse?  Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries?


Our modern heroes, the Overseas Filipino Workers (OFWs) keep the Philippine economy afloat by the remittances they send to their families back home. In return, they can get perks and privileges through private banks and government offices with programs tailor-made just for them. It includes providing low interest loans that can be used by the OFWs to pay for their mortgages, purchase a new house and lot or acquire funds for their business ideas should they want to stay in the country for good.   Government efforts to help the OFW sector is made more evident with the establishment of the Overseas Filipino Bank which will cater the needs of the OFWs.  Advertisement         Sponsored Links       Where can OFWs avail of low interest loan services?  We had listed the government agencies and banks where our modern heroes  can get loans which won't hurt their pocket while paying.     Home Development Mutual Fund (Pag-IBIG) and Social Security System (SSS) OFW Loan  Pag-IBIG offers affordable housing loans to member OFWs who have contributed for 24 months or more. Borrowers should be 65 years old and below, without any outstanding, defaulted, or foreclosed Pag-IBIG loans.  On the other hand, OFWs who have at least 36 months worth of contributions can also apply for a Direct Housing Loan Facility from SSS. However, they can only be granted this housing loan once. You can still qualify for SSS’ home loan even if your spouse has availed of it prior to marriage, as long as the OFW Loan is not delinquent.     Bank of the Philippine Islands (BPI) OFW Loan  If you’ve been working overseas for 2 years and up with a monthly income of P30,000 or more, you may qualify for a BPI Personal OFW Loan and Auto loan. BPI also offers home loans for OFWs who earn a minimum of P40,000.     You must be 21 years old to apply and no more than 60 years old on loan maturity.  loan application can also be made online.  To start with your online loan application, click here.          Security Bank OFW Loan  Security Bank offers Home Loans and Auto Loans to OFWs who have worked abroad for at least 2 years and are earning P40,000 for Home Loans and P50,000 for Auto Loans.    BDO Unibank (BDO) OFW Loan  BDO’s Asenso Kabayan Program offers Home, Auto, and Personal OFW Loan options. You must have been employed for at least 2 years with a monthly income of P50,000 for the Auto Loan and P10,000 for all other OFW loan types. Borrowers must be 25 years old or older but not more than 65 years old upon loan maturity.   BDO Kabayan Program  BDO Kabayan Personal Loan Unsecured  A multi - purpose and non collateral Personal Loan for OFWs with fixed income.  BDO Kabayan Personal Loan Secured  The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security.  The following are the type of deposits allowed for this facility:  Peso or Dollar Savings Account  Peso or Dollar Time Deposit – at least co-terminous with the loan tenor  The minimum deposit requirement is P15,000 or its dollar equivalent. Though, the loan proceeds will be in Pesos.  Applicant should be the OFW only. However, if the deposit collateral is a joint account, beneficiary may apply as a principal borrower of the loan  The following cannot be allowed to be held as collateral  “In Trust For” accounts  Accounts with existing/ongoing hold-out arrangements   Benefits  Flexible loan amounts  Minimum of P10,000   For BDO Kabayan Personal Loan Secured  For Peso account, maximum of 90% of the deposit account balance  For Dollar account , maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine peso equivalent.   Fixed monthly payments – pay the same amount every month with any of the following flexible payment terms:  3 months (for Unsecured)  6 months  12 months  18 months  24 months  36 months    Loan proceeds will be credited to BDO account  Top Up Loan Feature  Secure and additional Personal loan equal to or greater than the original Personal Loan (subject to submission of new income documents)  For BDO Kabayan Personal Loan (Secured and Unsecured)  Existing Personal Loan with good standing may qualify for re-availment or top-up plan    Convenient Application  Submit your application at any of our BDO branches nationwide  For our Kabayans working abroad, you may use the BDO Kabayan Application forms by clicking the following links:    BDO Kabayan – Secured    Application Form        Deed of Assignment Form              Special Power of Attorney     Auto-Debit Arrangement Form      Beneficiary Information Form          BDO Kabayan – Unsecured   A multi - purpose and non collateral Personal Loan for OFWs with fixed income.  The requirements are: Application Form  Authorization Form  Auto-Debit Arrangement Form  Beneficiary Information Form   Philippine Savings Bank (PSBank) OFW Loan  OFWs can also avail of Own Your Home and Drive Your Car OFW Loan product. Borrowers have to be 21 years old and up to 65 years old upon loan maturity. You must have worked abroad for a minimum of 2 years with a household income of P30,000.   OFW Bank  Land Bank of the Philippines President and CEO Alex Buenaventura said personal loan application for OFWs Through the newly established Overseas Filipino Bank (OFBank) will be made simple.   OFWs only need to prove that they have a capacity to pay and the loanable amount depends on the purpose of the loan and the bigger the amount, the longer time will be given for the OFWs to pay for their loans. The bank also plans to give a volume discount to lower interest.    Read More:  Beware Of  Fake Online Registration System Which Collects $10 From OFWs— POEA  Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse?  Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries?


Special Power of Attorney

Our modern heroes, the Overseas Filipino Workers (OFWs) keep the Philippine economy afloat by the remittances they send to their families back home. In return, they can get perks and privileges through private banks and government offices with programs tailor-made just for them. It includes providing low interest loans that can be used by the OFWs to pay for their mortgages, purchase a new house and lot or acquire funds for their business ideas should they want to stay in the country for good.   Government efforts to help the OFW sector is made more evident with the establishment of the Overseas Filipino Bank which will cater the needs of the OFWs.  Advertisement         Sponsored Links       Where can OFWs avail of low interest loan services?  We had listed the government agencies and banks where our modern heroes  can get loans which won't hurt their pocket while paying.     Home Development Mutual Fund (Pag-IBIG) and Social Security System (SSS) OFW Loan  Pag-IBIG offers affordable housing loans to member OFWs who have contributed for 24 months or more. Borrowers should be 65 years old and below, without any outstanding, defaulted, or foreclosed Pag-IBIG loans.  On the other hand, OFWs who have at least 36 months worth of contributions can also apply for a Direct Housing Loan Facility from SSS. However, they can only be granted this housing loan once. You can still qualify for SSS’ home loan even if your spouse has availed of it prior to marriage, as long as the OFW Loan is not delinquent.     Bank of the Philippine Islands (BPI) OFW Loan  If you’ve been working overseas for 2 years and up with a monthly income of P30,000 or more, you may qualify for a BPI Personal OFW Loan and Auto loan. BPI also offers home loans for OFWs who earn a minimum of P40,000.     You must be 21 years old to apply and no more than 60 years old on loan maturity.  loan application can also be made online.  To start with your online loan application, click here.          Security Bank OFW Loan  Security Bank offers Home Loans and Auto Loans to OFWs who have worked abroad for at least 2 years and are earning P40,000 for Home Loans and P50,000 for Auto Loans.    BDO Unibank (BDO) OFW Loan  BDO’s Asenso Kabayan Program offers Home, Auto, and Personal OFW Loan options. You must have been employed for at least 2 years with a monthly income of P50,000 for the Auto Loan and P10,000 for all other OFW loan types. Borrowers must be 25 years old or older but not more than 65 years old upon loan maturity.   BDO Kabayan Program  BDO Kabayan Personal Loan Unsecured  A multi - purpose and non collateral Personal Loan for OFWs with fixed income.  BDO Kabayan Personal Loan Secured  The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security.  The following are the type of deposits allowed for this facility:  Peso or Dollar Savings Account  Peso or Dollar Time Deposit – at least co-terminous with the loan tenor  The minimum deposit requirement is P15,000 or its dollar equivalent. Though, the loan proceeds will be in Pesos.  Applicant should be the OFW only. However, if the deposit collateral is a joint account, beneficiary may apply as a principal borrower of the loan  The following cannot be allowed to be held as collateral  “In Trust For” accounts  Accounts with existing/ongoing hold-out arrangements   Benefits  Flexible loan amounts  Minimum of P10,000   For BDO Kabayan Personal Loan Secured  For Peso account, maximum of 90% of the deposit account balance  For Dollar account , maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine peso equivalent.   Fixed monthly payments – pay the same amount every month with any of the following flexible payment terms:  3 months (for Unsecured)  6 months  12 months  18 months  24 months  36 months    Loan proceeds will be credited to BDO account  Top Up Loan Feature  Secure and additional Personal loan equal to or greater than the original Personal Loan (subject to submission of new income documents)  For BDO Kabayan Personal Loan (Secured and Unsecured)  Existing Personal Loan with good standing may qualify for re-availment or top-up plan    Convenient Application  Submit your application at any of our BDO branches nationwide  For our Kabayans working abroad, you may use the BDO Kabayan Application forms by clicking the following links:    BDO Kabayan – Secured    Application Form        Deed of Assignment Form              Special Power of Attorney     Auto-Debit Arrangement Form      Beneficiary Information Form          BDO Kabayan – Unsecured   A multi - purpose and non collateral Personal Loan for OFWs with fixed income.  The requirements are: Application Form  Authorization Form  Auto-Debit Arrangement Form  Beneficiary Information Form   Philippine Savings Bank (PSBank) OFW Loan  OFWs can also avail of Own Your Home and Drive Your Car OFW Loan product. Borrowers have to be 21 years old and up to 65 years old upon loan maturity. You must have worked abroad for a minimum of 2 years with a household income of P30,000.   OFW Bank  Land Bank of the Philippines President and CEO Alex Buenaventura said personal loan application for OFWs Through the newly established Overseas Filipino Bank (OFBank) will be made simple.   OFWs only need to prove that they have a capacity to pay and the loanable amount depends on the purpose of the loan and the bigger the amount, the longer time will be given for the OFWs to pay for their loans. The bank also plans to give a volume discount to lower interest.    Read More:  Beware Of  Fake Online Registration System Which Collects $10 From OFWs— POEA  Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse?  Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries?

Auto-Debit Arrangement Form 

Our modern heroes, the Overseas Filipino Workers (OFWs) keep the Philippine economy afloat by the remittances they send to their families back home. In return, they can get perks and privileges through private banks and government offices with programs tailor-made just for them. It includes providing low interest loans that can be used by the OFWs to pay for their mortgages, purchase a new house and lot or acquire funds for their business ideas should they want to stay in the country for good.   Government efforts to help the OFW sector is made more evident with the establishment of the Overseas Filipino Bank which will cater the needs of the OFWs.  Advertisement         Sponsored Links       Where can OFWs avail of low interest loan services?  We had listed the government agencies and banks where our modern heroes  can get loans which won't hurt their pocket while paying.     Home Development Mutual Fund (Pag-IBIG) and Social Security System (SSS) OFW Loan  Pag-IBIG offers affordable housing loans to member OFWs who have contributed for 24 months or more. Borrowers should be 65 years old and below, without any outstanding, defaulted, or foreclosed Pag-IBIG loans.  On the other hand, OFWs who have at least 36 months worth of contributions can also apply for a Direct Housing Loan Facility from SSS. However, they can only be granted this housing loan once. You can still qualify for SSS’ home loan even if your spouse has availed of it prior to marriage, as long as the OFW Loan is not delinquent.     Bank of the Philippine Islands (BPI) OFW Loan  If you’ve been working overseas for 2 years and up with a monthly income of P30,000 or more, you may qualify for a BPI Personal OFW Loan and Auto loan. BPI also offers home loans for OFWs who earn a minimum of P40,000.     You must be 21 years old to apply and no more than 60 years old on loan maturity.  loan application can also be made online.  To start with your online loan application, click here.          Security Bank OFW Loan  Security Bank offers Home Loans and Auto Loans to OFWs who have worked abroad for at least 2 years and are earning P40,000 for Home Loans and P50,000 for Auto Loans.    BDO Unibank (BDO) OFW Loan  BDO’s Asenso Kabayan Program offers Home, Auto, and Personal OFW Loan options. You must have been employed for at least 2 years with a monthly income of P50,000 for the Auto Loan and P10,000 for all other OFW loan types. Borrowers must be 25 years old or older but not more than 65 years old upon loan maturity.   BDO Kabayan Program  BDO Kabayan Personal Loan Unsecured  A multi - purpose and non collateral Personal Loan for OFWs with fixed income.  BDO Kabayan Personal Loan Secured  The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security.  The following are the type of deposits allowed for this facility:  Peso or Dollar Savings Account  Peso or Dollar Time Deposit – at least co-terminous with the loan tenor  The minimum deposit requirement is P15,000 or its dollar equivalent. Though, the loan proceeds will be in Pesos.  Applicant should be the OFW only. However, if the deposit collateral is a joint account, beneficiary may apply as a principal borrower of the loan  The following cannot be allowed to be held as collateral  “In Trust For” accounts  Accounts with existing/ongoing hold-out arrangements   Benefits  Flexible loan amounts  Minimum of P10,000   For BDO Kabayan Personal Loan Secured  For Peso account, maximum of 90% of the deposit account balance  For Dollar account , maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine peso equivalent.   Fixed monthly payments – pay the same amount every month with any of the following flexible payment terms:  3 months (for Unsecured)  6 months  12 months  18 months  24 months  36 months    Loan proceeds will be credited to BDO account  Top Up Loan Feature  Secure and additional Personal loan equal to or greater than the original Personal Loan (subject to submission of new income documents)  For BDO Kabayan Personal Loan (Secured and Unsecured)  Existing Personal Loan with good standing may qualify for re-availment or top-up plan    Convenient Application  Submit your application at any of our BDO branches nationwide  For our Kabayans working abroad, you may use the BDO Kabayan Application forms by clicking the following links:    BDO Kabayan – Secured    Application Form        Deed of Assignment Form              Special Power of Attorney     Auto-Debit Arrangement Form      Beneficiary Information Form          BDO Kabayan – Unsecured   A multi - purpose and non collateral Personal Loan for OFWs with fixed income.  The requirements are: Application Form  Authorization Form  Auto-Debit Arrangement Form  Beneficiary Information Form   Philippine Savings Bank (PSBank) OFW Loan  OFWs can also avail of Own Your Home and Drive Your Car OFW Loan product. Borrowers have to be 21 years old and up to 65 years old upon loan maturity. You must have worked abroad for a minimum of 2 years with a household income of P30,000.   OFW Bank  Land Bank of the Philippines President and CEO Alex Buenaventura said personal loan application for OFWs Through the newly established Overseas Filipino Bank (OFBank) will be made simple.   OFWs only need to prove that they have a capacity to pay and the loanable amount depends on the purpose of the loan and the bigger the amount, the longer time will be given for the OFWs to pay for their loans. The bank also plans to give a volume discount to lower interest.    Read More:  Beware Of  Fake Online Registration System Which Collects $10 From OFWs— POEA  Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse?  Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries?

Beneficiary Information Form 



Our modern heroes, the Overseas Filipino Workers (OFWs) keep the Philippine economy afloat by the remittances they send to their families back home. In return, they can get perks and privileges through private banks and government offices with programs tailor-made just for them. It includes providing low interest loans that can be used by the OFWs to pay for their mortgages, purchase a new house and lot or acquire funds for their business ideas should they want to stay in the country for good.   Government efforts to help the OFW sector is made more evident with the establishment of the Overseas Filipino Bank which will cater the needs of the OFWs.  Advertisement         Sponsored Links       Where can OFWs avail of low interest loan services?  We had listed the government agencies and banks where our modern heroes  can get loans which won't hurt their pocket while paying.     Home Development Mutual Fund (Pag-IBIG) and Social Security System (SSS) OFW Loan  Pag-IBIG offers affordable housing loans to member OFWs who have contributed for 24 months or more. Borrowers should be 65 years old and below, without any outstanding, defaulted, or foreclosed Pag-IBIG loans.  On the other hand, OFWs who have at least 36 months worth of contributions can also apply for a Direct Housing Loan Facility from SSS. However, they can only be granted this housing loan once. You can still qualify for SSS’ home loan even if your spouse has availed of it prior to marriage, as long as the OFW Loan is not delinquent.     Bank of the Philippine Islands (BPI) OFW Loan  If you’ve been working overseas for 2 years and up with a monthly income of P30,000 or more, you may qualify for a BPI Personal OFW Loan and Auto loan. BPI also offers home loans for OFWs who earn a minimum of P40,000.     You must be 21 years old to apply and no more than 60 years old on loan maturity.  loan application can also be made online.  To start with your online loan application, click here.          Security Bank OFW Loan  Security Bank offers Home Loans and Auto Loans to OFWs who have worked abroad for at least 2 years and are earning P40,000 for Home Loans and P50,000 for Auto Loans.    BDO Unibank (BDO) OFW Loan  BDO’s Asenso Kabayan Program offers Home, Auto, and Personal OFW Loan options. You must have been employed for at least 2 years with a monthly income of P50,000 for the Auto Loan and P10,000 for all other OFW loan types. Borrowers must be 25 years old or older but not more than 65 years old upon loan maturity.   BDO Kabayan Program  BDO Kabayan Personal Loan Unsecured  A multi - purpose and non collateral Personal Loan for OFWs with fixed income.  BDO Kabayan Personal Loan Secured  The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security.  The following are the type of deposits allowed for this facility:  Peso or Dollar Savings Account  Peso or Dollar Time Deposit – at least co-terminous with the loan tenor  The minimum deposit requirement is P15,000 or its dollar equivalent. Though, the loan proceeds will be in Pesos.  Applicant should be the OFW only. However, if the deposit collateral is a joint account, beneficiary may apply as a principal borrower of the loan  The following cannot be allowed to be held as collateral  “In Trust For” accounts  Accounts with existing/ongoing hold-out arrangements   Benefits  Flexible loan amounts  Minimum of P10,000   For BDO Kabayan Personal Loan Secured  For Peso account, maximum of 90% of the deposit account balance  For Dollar account , maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine peso equivalent.   Fixed monthly payments – pay the same amount every month with any of the following flexible payment terms:  3 months (for Unsecured)  6 months  12 months  18 months  24 months  36 months    Loan proceeds will be credited to BDO account  Top Up Loan Feature  Secure and additional Personal loan equal to or greater than the original Personal Loan (subject to submission of new income documents)  For BDO Kabayan Personal Loan (Secured and Unsecured)  Existing Personal Loan with good standing may qualify for re-availment or top-up plan    Convenient Application  Submit your application at any of our BDO branches nationwide  For our Kabayans working abroad, you may use the BDO Kabayan Application forms by clicking the following links:    BDO Kabayan – Secured    Application Form        Deed of Assignment Form              Special Power of Attorney     Auto-Debit Arrangement Form      Beneficiary Information Form          BDO Kabayan – Unsecured   A multi - purpose and non collateral Personal Loan for OFWs with fixed income.  The requirements are: Application Form  Authorization Form  Auto-Debit Arrangement Form  Beneficiary Information Form   Philippine Savings Bank (PSBank) OFW Loan  OFWs can also avail of Own Your Home and Drive Your Car OFW Loan product. Borrowers have to be 21 years old and up to 65 years old upon loan maturity. You must have worked abroad for a minimum of 2 years with a household income of P30,000.   OFW Bank  Land Bank of the Philippines President and CEO Alex Buenaventura said personal loan application for OFWs Through the newly established Overseas Filipino Bank (OFBank) will be made simple.   OFWs only need to prove that they have a capacity to pay and the loanable amount depends on the purpose of the loan and the bigger the amount, the longer time will be given for the OFWs to pay for their loans. The bank also plans to give a volume discount to lower interest.    Read More:  Beware Of  Fake Online Registration System Which Collects $10 From OFWs— POEA  Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse?  Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries?

BDO Kabayan – Unsecured 

A multi - purpose and non collateral Personal Loan for OFWs with fixed income.
The requirements are:Application Form
Authorization Form
Auto-Debit Arrangement Form
Beneficiary Information Form
Philippine Savings Bank (PSBank) OFW Loan

OFWs can also avail of Own Your Home and Drive Your Car OFW Loan product. Borrowers have to be 21 years old and up to 65 years old upon loan maturity. You must have worked abroad for a minimum of 2 years with a household income of P30,000.


OFW Bank
Land Bank of the Philippines President and CEO Alex Buenaventura said personal loan application for OFWs Through the newly established Overseas Filipino Bank (OFBank) will be made simple. 
OFWs only need to prove that they have a capacity to pay and the loanable amount depends on the purpose of the loan and the bigger the amount, the longer time will be given for the OFWs to pay for their loans. The bank also plans to give a volume discount to lower interest.

For more information on how to avail OFW loans, please visit the bank's site directly.



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