We accept applicants whether you will be deployed thru POEA vacancy, private agency or direct hired without agency in the Philippines. Policies and guidelines vary, but the main purpose is to assist OFWs and make lending easier and more accessible for them. The answer to the question above is YES. If you need longer repayment terms, you can try the BDO Kabayan Personal Loan that has a repayment term of 36 months. Know more about Auto Loan. Fast Processing; Quick OFW Loan Deposits; If you are land based OFW or a Sea Based OFW, or if you are just simply a Filipino citizien who is living and working abroad, this OFW Loan covers you The interest rate on loans is between 1.25% and 2%. Euro Bank (BDO) offers personal loans based on mortgage requirements as an optional service of OFW. Home Loan, minimum amount: 500 000 PHP Up â¦ Basic Documents. 1. If long term, it is to be paid over 3 â 5 years. Loan for OFW abroad is the way to go for this situation, and it applies to personal purposes, a vehicle, or even a home to live in. 1. Note: In case the remitter is not in the country at the time of application, the beneficiary will act as the borrower. It is a feature that I was looking for Philippine bank home loan aside from low-interest rate. Tell Us More about Yourself . Completely filled-out BDO housing loan application form; Photocopy of one (1) valid ID matching application details (acceptable IDs: Passport, Driverâs License, SSS, PRC, OWWA ID, OFW ID, Seamanâs Book) Marriage contract, if applicable; 2. Term loans are commonly used for cases such as Construction of buildings, factories and plants, plant expansion and modernization, leasehold improvements, and purchase equipment. Banco de Oro bank (BDO) provides personal loan on collateral requirement as optional for OFW. For inquiries about BDO Personal Loan, you may contact BDO Hotline at 631-8000 or text (via SMS) BDO LOANS to 2256. An OFW can apply for a BDO auto loan either by sending an online application  or having the spouse whoâs living in the Philippines file a loan application at any BDO branch. It doesn't necessarily mean that you are a timer or balik manggagawa OFW or a first time working abroad. I must really admit it that the BDO OFW loan offer is probably one of the lowest interest rate offers that an overseas Filipino worker can get out of a loan for migrant workers. 1. This credit is known as BDO Personal Loan for OFW. Whether you are an OFW or not or absolutely considering to apply for a Security Bank housing loan, this post is for you. Get the money you need before you leave. The OFWâs spouse needs to submit a signed affidavit of marital consent. What are the required documents? BDO OFW loan. In the case of secured loan, deposits can be pledged as collateral. Extend the benefits of your BDO Credit Card with your loved-ones and gain control of their spend. In the Philippines, there are various banks out there that offer loans having fast release with no hassle, no collateral and more benefits for the convenience of our OFWs. Monthly Percentage Rate: 1.75% (APR: 21% â Annual Percentage Rate) Just apply for your OFW Loan here and we will contact you directly to process your loan. BDO, through its Asenso Kabayan Program, offers Home, Auto, and Personal Loan options to migrant Filipinos if they are employed for at least two years with a monthly income of P50,000 for the Auto Loan and P10,000 for all other OFW loan types. Weâve compiled 10 local banks and state-backed institutions that extends a helping hand to OFWs and their families who are in need of financial assistance in the form of personal, auto and housing loans: 1. Working within BDO serviceable area in need of funds for family use a BDO Auto or! 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