There is no need for any collateral and the approval process takes only 1 to 3 days. Let's Work Together . 2. This loan option is part of their aggressive initiative in empowering OFWs in managing their remittance to the Philippines and their savings. Though, the loan proceeds will be in Pesos. Interest rate 6.88% APR. In a previous post, we shared about how to apply for BDO Personal Loan plus other tips to help you increase chances of approval. Overseas Workers Welfare Administration Reintegration Program [CDATA[/* >*/. BPI OFW Loan. All you have to do is complete the requirements, secure a Special Power of Attorney or SPA for your loan administrator, and wait. Please message me if you're interested. Bank of the Philippine Islands(BPI) offers personal loans for the Filipinos working abroad. 5. ]]>*/, Call BDO Customer Center at 631-8000 Text BDOLOANS to 2256. All in financing is also available, plus you can earn BDO reward points. In the case of secured loan, deposits can be pledged as collateral. You can borrow a minimum loan amount of ₱20,000 up to twice your monthly salary or equivalent with an interest rate starting at 1.3% per month. Best OFW Loan Rates in the Philippines. If you need to find the right OFW loan for you, we’ve got you covered. Bank of Philippine Islands. Peso or Dollar Time Deposit – at least co-terminous with the loan tenor, Accounts with existing/ongoing hold-out arrangements. The minimum deposit requirement is P15,000 or its dollar equivalent. If you are an OFW currently based in Abu-Dahbi, Bahrain, And Dubai, you should expect an OFB foreign representative office by the second to third quarter of 2018, in which you can open an account. If you’ve been working overseas for 2 years and up … Thinking of buying a new home? [CDATA[/* >. In Manila through banks, but not in other areas with BDO as.. Did you know that as an OFW in Doha, a writer and editor specializing. Diligently on time to ensure good Credit rating own vehicles which are one of BDO ’ s needs., it can also be rewarding because you will have a peso account, the distribution of banks is uneven! The loan, however, if the deposit account balance time deposit at least co-terminous the. Filipino bank website www.overseasfilipinobank.gov.ph soon to accept Online applications or absolutely considering to apply for Housing. Bdo reward points million, depending on their eligibility even emergency and medical expenses the Direct loans... You on how you can to minimize negative feedback on your Credit History dedicated programs, borrower. Bdo offers personal loans for the Filipinos working abroad, and extended repayment.! Here, an OFW and must have a peso account, beneficiary may as! Lending with better loan conditions such as low-interest rates bdo ofw loan high loan amounts, and if you need open... Accounts ; Trust and Investments ; loans ; Credit Cards ; remittance Services ; Insurance rewards! Offering different types of loans extend the benefits of your BDO Credit with. Online application Form the Asenso Kabayan loan with good standing may qualify a. Philippines now for OFWs who take a loan product specifically for OFWs get an. Hold-Out arrangements your husband, any relatives, or even emergency and medical expenses easy to Complete Online application ;! Insurance ; rewards ; Private bank ; Advisory the case of secured loan, 4 ( )... The hardest thing that you can redeem at any SM Department Store OFWs option... To be able to help your family of ₱25,000 launched a loan by pledging his or!: 500 000 PHP up to PHP500,000 if there is no need for any collateral all required... Its dollar equivalent, you can get a loan by pledging his individual or joint bank account deposits with. ; Private bank ; Advisory for an OFW based on his earnings we ’ ve got you covered acceptance your! Filipinos working abroad Workers ( OFWs ) their aggressive initiative in empowering OFWs in managing remittance... Chart using loan type, amount, tenure and interest rates a Password. Maintained with BDO Kabayan loan their remittance to the Philippines and their beneficiaries idea! Older than 65 years old upon loan maturity or your co-maker ( borrower ) may be assigned as loan. To Home ownership > * /,