Initial Loan Requirements: - Signed Promissory Note & Disclosure - Copy of Visa/Work Permit Residence Permit - Copy of updated COE or Employment Contract - Copy of updated payslip & company ID - Original ID with signature or Marriage Contract or Bank Confirmation - Overseas contact number/s, E-mail address - A beneficiary, and a co-borrower with income. Please see qualifications and requirements below.
• Beneficiary Qualifications: - Spouse (if married) - Children - Parents (if single) Requirements: - Completely filled-up Application Form - 2x2 picture - Latest proof of remittance (3 months) - Contact numbers Note: INCOME NOT REQUIRED
• Co-Borrower with Income Qualifications: - Spouse (if married) or - Children (18 and above) or - Immediate family of the OFW or beneficiary/allottee (up to 3rd degree) with income & own residence Requirements: - Proof of income - 2x2 picture - 2 valid IDs - Latest Proof of Billing - Joint CA with Beneficiary - Contact numbers
Loan Collateral: PDCs (joint with co-borrower)
Loanable Amount: Max. 200% of OFW monthly salary and fixed allowances
Loan Interest Rate (Add-on): 5% per month
Loan Processing Fee: 5.5%
Loan Terms: 3-9 months (no grace period) based on the remaining term of contractLabels: business fast loan, fast loan, fast loan philippines call center, fast loans, hassle free loans, loan, loans, money loans fast, need cash or credit card, processing loan |