Initial Loan Requirements: - Valid IDs, 2x2 picture - Original Proof of Billing. If submitted utility bills are not under borrower's name; proof of residency is required, such as: valid IDs with address, proof of remittance, credit card, telephone/cellphone, water, cable. - Proof of Remittance/Allotment Slip - Latest Contract of Deployment - Passport/Seaman’s Book/Seafarer’s Registration Cert. (SRC) - Allotment Slip/Certification of Allotment - Marriage Contract (if married) - Visa (case to case)
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.
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 contract
- Contract Employment, POEA Info Sheet - Visa, Passport, E-Receipt, Plane Ticket - Salary at least P13,500 - Completely filled-up Application Form - 2x2 picture (two copies) - Photocopy of 2 valid IDs (company ID, passport, driver's license, SSS, voter's ID) - Proof of Billing (Meralco, water) - doesn't need to be under your name as long as it is the same as with your submitted valid ID - For Placement Fee: Job Offer / Contract / Medical Exam Certificate - For Direct Hire/Immigrant: COE / VISA / Passport / Plane Ticket and Flight Details
Loan Interest Rate (Add-on): Option 1: 5% per month Option 2: 3.75% per month (first amortization to be deducted from loan proceeds)
Loan Processing Fee: 5.5%
Loanable Amount: Up to P300K
Loan Terms: 3-12 months
Mode of Payment: PDC* with joint account with borrower
*we will provide you PDC if you don’t have one. Opening balance of 1 thousand pesos (can be used as last payment for loan in case applicant does not want to renew)
