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Thursday, August 16, 2018

Where to Apply for Best Housing, Car, Business and Personal Loan for OFWs



A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs. 

So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph.
A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs.   So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph.  Best Bank for OFWs to Apply for A Car Loan — BDO Auto Loan  Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price. Loan Term — Payable in two to six years!  Who can Apply?  At least 21 years old but not exceeding age 70 at the end of the loan term Two years of residence in the Philippines or longer Minimum monthly gross family income: PHP 50,000 Two to three years of stable employment abroad  Requirements:  Completely filled out loan application form One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.)  Any of the following income documents: – Latest three-month payslips or consularized certificate of employment with income – Proof of remittance for the past three months – Latest Crew Contract for seafarers  How to Apply for a BDO Auto Loan An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf.  Best Agencies for OFW to Apply for a Housing Loan — Pag-IBIG Housing Loan Interest Rate — A maximum annual rate of 10% for a-30 year loan period Term Payment — Up to 30 years  For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution.  Requirements: Proof of Income: – Employment contract – Original employer’s certificate of income – Other proofs of income Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment Health Statement form for OFWs over 60 years old  Best Agency for OFWs to Apply for a Personal Loan — SSS Salary Loan  Best OFW Loan for Immediate Cash Needs: SSS Salary Loan Interest rate — 10% annual interest rate Loanable amount — equivalent to your average monthly salary or twice the amount Terms of Payment — 24 months  BDO Kabayan Personal Loan for OFWs Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan Terms of Payment — Up to 36 months  OWWA Loan — Best OFW LOan for Starting a Business Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program Loanable Amount — P100,000 to P2 million

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BDO Auto Loan — Best Car Loan for OFWs
  • Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum
  • Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price
  • Loan Term — Payable in two to six years!
Read: PNB Auto Loan for OFWs in Hong Kong & Saudi Arabia

Who can Apply?
  • At least 21 years old but not exceeding age 70 at the end of the loan term
  • Two years of residence in the Philippines or longer
  • Minimum monthly gross family income: P50,000
  • Two to three years of stable employment abroad

Requirements:
  • Completely filled out loan application form
  • One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.)
Any of the following income documents:
  • Latest three-month payslips or consularized certificate of employment with income
  • Proof of remittance for the past three months
  • Latest Crew Contract for seafarers
How to Apply for a BDO Auto Loan
An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf.
A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs.   So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph.  Best Bank for OFWs to Apply for A Car Loan — BDO Auto Loan  Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price. Loan Term — Payable in two to six years!  Who can Apply?  At least 21 years old but not exceeding age 70 at the end of the loan term Two years of residence in the Philippines or longer Minimum monthly gross family income: PHP 50,000 Two to three years of stable employment abroad  Requirements:  Completely filled out loan application form One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.)  Any of the following income documents: – Latest three-month payslips or consularized certificate of employment with income – Proof of remittance for the past three months – Latest Crew Contract for seafarers  How to Apply for a BDO Auto Loan An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf.  Best Agencies for OFW to Apply for a Housing Loan — Pag-IBIG Housing Loan Interest Rate — A maximum annual rate of 10% for a-30 year loan period Term Payment — Up to 30 years  For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution.  Requirements: Proof of Income: – Employment contract – Original employer’s certificate of income – Other proofs of income Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment Health Statement form for OFWs over 60 years old  Best Agency for OFWs to Apply for a Personal Loan — SSS Salary Loan  Best OFW Loan for Immediate Cash Needs: SSS Salary Loan Interest rate — 10% annual interest rate Loanable amount — equivalent to your average monthly salary or twice the amount Terms of Payment — 24 months  BDO Kabayan Personal Loan for OFWs Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan Terms of Payment — Up to 36 months  OWWA Loan — Best OFW LOan for Starting a Business Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program Loanable Amount — P100,000 to P2 million
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Pag-IBIG Housing Loan — Best Housing Loan for OFWs

  • Interest Rate — A maximum annual rate of 10% for a-30 year loan period
  • Term Payment — Up to 30 years

For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution.


Requirements:
  • Proof of Income:Employment contract, Original employer’s certificate of income, other proofs of income 
  • Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment 
  • Health Statement form for OFWs over 60 years old
Read: Metrobank Home Loan for OFWs
A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs.   So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph.  Best Bank for OFWs to Apply for A Car Loan — BDO Auto Loan  Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price. Loan Term — Payable in two to six years!  Who can Apply?  At least 21 years old but not exceeding age 70 at the end of the loan term Two years of residence in the Philippines or longer Minimum monthly gross family income: PHP 50,000 Two to three years of stable employment abroad  Requirements:  Completely filled out loan application form One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.)  Any of the following income documents: – Latest three-month payslips or consularized certificate of employment with income – Proof of remittance for the past three months – Latest Crew Contract for seafarers  How to Apply for a BDO Auto Loan An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf.  Best Agencies for OFW to Apply for a Housing Loan — Pag-IBIG Housing Loan Interest Rate — A maximum annual rate of 10% for a-30 year loan period Term Payment — Up to 30 years  For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution.  Requirements: Proof of Income: – Employment contract – Original employer’s certificate of income – Other proofs of income Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment Health Statement form for OFWs over 60 years old  Best Agency for OFWs to Apply for a Personal Loan — SSS Salary Loan  Best OFW Loan for Immediate Cash Needs: SSS Salary Loan Interest rate — 10% annual interest rate Loanable amount — equivalent to your average monthly salary or twice the amount Terms of Payment — 24 months  BDO Kabayan Personal Loan for OFWs Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan Terms of Payment — Up to 36 months  OWWA Loan — Best OFW LOan for Starting a Business Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program Loanable Amount — P100,000 to P2 millionRead: Household Workers Can Now Avail Of Pag-ibig Housing Loan


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SSS Salary Loan — Best Personal Loan for OFWs
  • Interest rate — 10% annual interest rate
  • Loanable amount — equivalent to your average monthly salary or twice the amount
  • Terms of Payment — 24 months
Read: How To Apply For SSS Salary Loan

BDO Kabayan Personal Loan for OFWs
  • Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan
  • Terms of Payment — Up to 36 months
Read: All You Need To Know About OFW and Personal Loan
A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs.   So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph.  Best Bank for OFWs to Apply for A Car Loan — BDO Auto Loan  Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price. Loan Term — Payable in two to six years!  Who can Apply?  At least 21 years old but not exceeding age 70 at the end of the loan term Two years of residence in the Philippines or longer Minimum monthly gross family income: PHP 50,000 Two to three years of stable employment abroad  Requirements:  Completely filled out loan application form One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.)  Any of the following income documents: – Latest three-month payslips or consularized certificate of employment with income – Proof of remittance for the past three months – Latest Crew Contract for seafarers  How to Apply for a BDO Auto Loan An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf.  Best Agencies for OFW to Apply for a Housing Loan — Pag-IBIG Housing Loan Interest Rate — A maximum annual rate of 10% for a-30 year loan period Term Payment — Up to 30 years  For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution.  Requirements: Proof of Income: – Employment contract – Original employer’s certificate of income – Other proofs of income Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment Health Statement form for OFWs over 60 years old  Best Agency for OFWs to Apply for a Personal Loan — SSS Salary Loan  Best OFW Loan for Immediate Cash Needs: SSS Salary Loan Interest rate — 10% annual interest rate Loanable amount — equivalent to your average monthly salary or twice the amount Terms of Payment — 24 months  BDO Kabayan Personal Loan for OFWs Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan Terms of Payment — Up to 36 months  OWWA Loan — Best OFW LOan for Starting a Business Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program Loanable Amount — P100,000 to P2 million


OWWA Loan — Best OFW Loan for Starting a Business
  • Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program
  • Loanable Amount — P100,000 to P2 million
WATCH:How to Apply for OFW-EDLP Loan from P100K to P2 Million?
A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs.   So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph.  Best Bank for OFWs to Apply for A Car Loan — BDO Auto Loan  Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price. Loan Term — Payable in two to six years!  Who can Apply?  At least 21 years old but not exceeding age 70 at the end of the loan term Two years of residence in the Philippines or longer Minimum monthly gross family income: PHP 50,000 Two to three years of stable employment abroad  Requirements:  Completely filled out loan application form One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.)  Any of the following income documents: – Latest three-month payslips or consularized certificate of employment with income – Proof of remittance for the past three months – Latest Crew Contract for seafarers  How to Apply for a BDO Auto Loan An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf.  Best Agencies for OFW to Apply for a Housing Loan — Pag-IBIG Housing Loan Interest Rate — A maximum annual rate of 10% for a-30 year loan period Term Payment — Up to 30 years  For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution.  Requirements: Proof of Income: – Employment contract – Original employer’s certificate of income – Other proofs of income Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment Health Statement form for OFWs over 60 years old  Best Agency for OFWs to Apply for a Personal Loan — SSS Salary Loan  Best OFW Loan for Immediate Cash Needs: SSS Salary Loan Interest rate — 10% annual interest rate Loanable amount — equivalent to your average monthly salary or twice the amount Terms of Payment — 24 months  BDO Kabayan Personal Loan for OFWs Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan Terms of Payment — Up to 36 months  OWWA Loan — Best OFW LOan for Starting a Business Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program Loanable Amount — P100,000 to P2 million
This article is filed under loans, salary loan, personal loan, car loan, housing loan, loan interest, best bank for loans, OFW loan, business loan, loan terms, and loan amount.

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Saving money is a challenge especially if you are living from paycheck to paycheck! With the increasing prices of basic goods and services, saving money becomes a less priority nowadays. Some of us even look for a part-time or extra job to make ends meet. In spite of this, we should save money whatever it takes. Our savings is a big help in time of medical emergencies in the family. We can also use our savings to start a small business for an extra income! There are so many things we can do to grow our money if we have enough savings. But the common question nowadays is how to save amid increasing prices of almost everything you buy?

Every Overseas Filipino Workers (OFWs) should save money for emergencies, retirement or for starting a new investment or small business for families to have a stable income at home. Saving money in the bank is very important to protect your money from thieves and from unwanted expenses. Aside from this, your money in the bank will grow with interest as the time goes by. We all know that working abroad is not forever and saving for the future is a must.   If you are looking for a bank that will value your money, consider Metrobank's basic savings account that will ensure your money in an accessible way plus it will earn interest. You can track your balance through passbook and your foreign currency remittance is converted into Philippine pesos. No more hassle for your family to change money into local currency.  OFW PESO Savings Account  OFWs may choose what kind of deposit — passbook or ATM. Both can be applied with zero initial deposit as well as zero maintaining balance, provided there is at least one valid remittance transaction made to the account within a 12-month period. Balance to Earn Interest — P10,000 Interest Rate — 0.25% per annum  OFW Savings Dollar Account This is passbook savings account with zero initial deposit and zero maintaining balance — provided that there is at least one valid remittance transaction made to the account within 12 month period. Your dollar account needs to have $500.00 to earn interest of 0.125% per annum. How to Open an OFW Savings Account in Metrobank? Just visit the nearest Metrobank branches in your area and present a one valid government ID! Metrobank's ATM can be accessed anytime and anywhere in the Philippines via BANCNET ATMs, or abroad via MAESTRO-CIRRUS ATMs. You can also manage your transaction through online banking or MetrobankDireck such as balance inquiry and bills payment.

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