Pinoy Abroad Loan for Migrant, Citizen, Seaman and OFW Already Working Overseas

If you thought that only overseas Filipino workers who are about to go abroad are the only ones qualified to apply for OFW loan, you are wrong. This year, 2017 opened up great opportunities beyond what many of us conventionally thought. The reason is because the new migrant loan has been opened up for application by Pinoys already working abroad. To skip reading the information contained in this page, please fill up this loan application form.

With the new Pinoy Abroad Loan, seafarers who are onboard and citizens or migrants with regular job overseas can qualify to apply for this loan. An allottee or those receiving a regular remittance may also qualify. The reason is because with this new type of unsecured loan, anybody with an immediate family member who is working abroad can apply and qualify to avail of this loan.

This is a non collateral and easy to apply credit line for those in need of extra cash to leave to their families while they are working abroad. This is also good for those who need emergency funds. Even to pay for high utility bills and yes, to get a housing loan to provide for the family. To understand more about Pinoy Abroad Loan, please read a very comprehensive blog review here - http://www.mypilipinas.com/pinoy-abroad-loan.html.

Requirements for this loan is really very easy except in some of the special cases where the OFW doesn't provide money for his or her family thru remittance. A proof of sending money is very critical in proving income for the other end reaches from the opposite side of the Philippines. In these rare cases, the a
pplication for loan is still subject for approval and does not necessarily mean declined of disapproved. See the list of requirements below.

Pinoy Abroad Loan Requirements List

OFW BORROWER: 

1. Job contract from the company where the OFW is working. In absence, a 3 months latest payslip + COE with salary certificate as indicated will suffice. The purpose of which is to have a base figure where the lending company can compute a possible loanable amount to approve for the borrower.
2. Latest and updated OFW documentation - this includes passport, visa, iqama, bupa Arabia, residence ID.
3. At least 2 months latest proof of remittance either to the Philippines or from country of work destination of the OFW.
4. 2 valid primary IDs - 1 Philippine ID and 1 company ID
5. Latest water or electric bill in the Philippines residence of the worker abroad (we don't accept any other bill) 
6. 1 coborrower immediate family member - spouse / common law spouse or (kapatid or parent na 60 y.o. below or anak na 21 y.o. above)
7. OFW live interview medium - Viber, IMO, Whatsapp, Google Hangouts, Skype, FB Messenger, Line, Kakao Talk etc.
8. OFW must also sign an authorization letter to be sent online via email or any medium allowing his or her coborrower to be the one to claim the cash loan proceeds from the lending company. 

IMMEDIATE FAMILY MEMBER COBORROWER:

1. 2 primary valid IDs
2. marriage certificate if spouse and birth certificate if sibblings or children will be the coborrower
3. at least 2 months latest remittance receipts from abroad or bank statement from payroll account of OFW
4. working contact numbers for calling, communication and scheduled phone interview (if needed)

If you want to apply for This Loan and need more information, you can always ask us by calling the listed numbers below or going to our Contact Us page.