LAND-BASED ABROAD
Personal loan para sa mga OFW na nasa ibang bansa na.
Note: Ang beneficiary ng remittance sa Pilipinas ang magiging Principal Borrower (PB) ng loan.
Product Features
- Interest Rate (Skilled and Unskilled): 2.5% per month
- Interest Rate (Professional with PRC): 1.99% per month
- Terms: Max of 12 months
- Loanable Amount: Up to 500k or 150% of Total Monthly Salary
Qualifications
Co-Borrower
- OFW – must be abroad
- Has a qualified beneficiary – to be the Principal Borrower
- Minimum P40,000 net monthly salary (P25,000 net monthly salary + allowance)
- 21 to 59 years old
- Average remittance of P10,000 per month
Principal Borrower
- 21 to 59 years old
- Immediate relative/ Beneficiary/ Receiver of Remittance/ Common law Spouse
Requirements
Co-Borrower
- Valid Philippine Passport
- Valid Visa/ Work Permit
- DMW Validated Contract/ COE/ Salary Certificate
- Valid Resident Card (if immigrant abroad)
- Authorization Letter
- 3 months latest remittances
Principal Borrower
- 2 Valid IDs (at least 1 primary ID)
- Proof of Billing*