One of them is OEC. If OWWA has an OWWA Loan to help all Overseas Filipino Workers to put up their own business, PAG-IBIG has a Housing Loan designed specifically for every bagong bayani. 2.49% last year. Here’s a guide on how to do it! We have compiled a chart using loan type, amount, tenure and interest rates. Brush up on financial news, motoring features, money tips, and other insightful reads to help you get smarter every day. To avail of any of these loan options, the OFW must have been working abroad for at least 2 years with a monthly income of P50,000 for the Auto Loan and P10,000 for all other OFW loan types. Let's Work Together . Must be 21 years old but not more than 65 years old upon loan maturity. BPI Land-based OFW Personal Loan FAQ How much can I borrow? Who are eligible for a housing loan in the Philippines? With Global Dominion’s Pinoy Abroad Loan, OFWs can borrow up to as much as Php 250,000 with an interest rate of 1.99%, payable in 1 year. 4. BPI’s OFW loan – personal loan. Extend the benefits of your BDO Credit Card with your loved-ones and gain control of their spend ... Print . Fast loan processing; PSBank Prime Rebate (for advance and excess payment) The Prime Rebate allows the borrower to pay the housing loan faster. Only OFW applicants certified and endorsed by OWWA can avail of the loan program, which will be coursed through by Land Bank. The OFW’s spouse needs to submit a signed affidavit of marital consent. BDO’s Asenso Kabayan Program offers Home, Auto, and Personal OFW Loan options. Philippine Realty TV 37,410 views. It covers Salary, Home, Personal, etc. A BDO Housing Loan will allow you to borrow as much as 80% of the appraised value of your property, and your payment terms can be extended up to 20 years. I'm an ofw . The Metrobank housing loan is made for Filipinos to relive their dream of having their own home. Whether you are an OFW or not or absolutely considering to apply for a Security Bank housing loan, this post is for you. Bank of Philippine Islands. If you need to find the right OFW loan for you, we’ve got you covered. AUTO LOANS. For Overseas Filipino Workers planning to get a housing loan, BPI can be your best option especially because of their flexible and customizable packages to help match your financial needs. Who are Eligible? Loan Term. Here we outline some important elements and procedures in order for you to apply for a housing loan. What are the BPI Land-based OFW Personal Loan Requirements? We’ve 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. I have read the requirements for ofw- land based (Direct Hire). 2. To complement their OFW loan offerings, they have recently launched a loan product specifically for OFWs who are currently based abroad. BDO Housing Loan urdreamhouseinc. The interest rate can change depending on the loan amount and can range from 9% to 14% per annum. 3. Basic Documents. You must have been employed for at least 2 years with a monthly income of P50,000 for the Auto Loan and P10,000 for all other OFW loan types. Bank of Philippine Islands grants Personal, Housing, and Auto Loans to OFWs working abroad. To be certified, the applicant must comply with the basic requirements: Overseas worker applying for the OWWA loan facility must provide a certification from OWWA to prove his/her status as bona fide OFW. The Direct Housing Loan Facility for Overseas Filipino Workers (OFW) is designed to support the Government's shelter program, which aims to provide socialized and low-cost housing to overseas Filipino contract workers.. 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