FAST AND HASSLE FREE OFW LOAN

Great news for Overseas Filipino Workers (OFWs)! Whether it’s for debt consolidation, home renovation back home, financing a business, mortgage or car acquisition, paying for your child’s tuition fee, or any type of emergency, SLBrokerage Advertising Agency is here to connect you to a number of loan providers that provide easy payment terms, low-interest rates, and affordable ways of getting an OFW loan.

OFW LOAN LAND-BASED

Land-Based OFW currently working abroad can now apply for a loan even if you’re away from home through OFW Loan Land-Based authorizing your beneficiary in the Philippines. This OFW Loan Land-based specifically caters to land-based Filipino citizens overseas. Take advantage of a collateral-free OFW loan for professionals working abroad. We offer flexible loan terms at 2.5% monthly interest rate.

A Kabayan abroad can avail up to 100% of the basic salary with a cap of P150,000.  While Land-Based OFW who is on the Philippines soil can avail up to 200% of the basic salary with a cap of P250,000.

OFW LOAN ELIGIBILITY

What do banks and loan lenders usually look for when evaluating an OFW loan applicant?

• Filipino Overseas Workers with a valid contract whether working under an agency or direct hire
• Must be at least 21 years old or not more than 65 years old upon loan maturity
• The minimum basic salary of at least P40,000 (any foreign currency equivalent) and up. For Pinoy Abroad loan, the minimum salary required is P50,000 per month or its currency equivalent at least 4 months remaining on the contract
• Must have a co-borrower (should be an immediate relative with a stable source of income for Pinoy Abroad Loan)

CO-BORROWER'S QUALIFICATIONS

• Must be 21 to 59 years old upon loan maturity
• Should be an immediate relative (parents, spouse, brother/sister)

Land-Based OFW ( OFW ay paalis pa lang)

• Valid PH Passport of the OFW
• 1 Valid ID of the OFW
• Proof of Billing under the name of the OFW*
• POEA-Validated Contract
• OEC / OEC Exemption
• Valid Entry Visa or Work Permit or Resident Card/Visa
• Confirmed Ticket / Flight Details
• 2 Valid IDs of Co-Borrower
• Proof of Billing under the name of the Co-Borrower**
• 3 Character References and Sketch of Residence

*If not under the name of the OFW, must secure proof of residency
**If Co-Borrower lives in a different address as the OFW

Land-Based with Authorization ( OFW currently working abroad)

• 2 Valid IDs of Remittance Beneficiary
• Proof of Billing under the name of the Remittance Beneficiary*
• POEA -Validated Contract or Certificate of Employment or Salary Certificate or 3 months payslip of the OFW
• Valid PH Passport of the OFW
• Latest arrival stamp (abroad) or used ticket/ boarding pass
• Valid Entry Visa or Resident Card or Work Permit
• 3 months latest remittance
• Authorization Letter
• 3 Character References and Sketch of Residence

*If not under the name of the OFW, must secure proof of residency

SLBrokerage Advertising Agency understands the unique financial needs of OFWs and their families. We provide quick and flexible OFW loans just when you need them the most. Apply now.