The principal and interest attributed with the loan should kick in as soon as the money has been credited to the borrower and is liable to be paid for the first six (6) months of the term. 2.49% last year. Because, BPI may not have any of your records or identification on file. 2. This credit is known as BDO Personal Loan for OFW. I own the Video Marvin Lawrence Senior Property Investment Specialist Megaworld Corporation. Extend the benefits of your BDO Credit Card with your loved-ones and gain control of their spend. You can also take advantage of all-in financing to cover other housing loan expenses such as mortgage registration, insurance premiums, taxes, … In the case of secured loan, deposits can be pledged as collateral. Fast loan processing; PSBank Prime Rebate (for advance and excess payment) The Prime Rebate allows the borrower to pay the housing loan faster. Banco de Oro bank (BDO) provides personal loan on collateral requirement as optional for OFW. 2020 is a new beginning for overseas Filipino workers in need of funds for family. Borrowers should at least be 25 years old but not more than 65 years old upon the maturity of the loan. Aside from this, here’s what you need to know about BDO Kabayan Program: Features of BDO Kabayan Program. BDO Unibank (BDO) BDO offers Personal, Home and Auto Loans to OFWs through its Asenso Kabayan Program. The answer to the question above is YES. A minimum monthly income of P30,000 is required to avail BPI OFW personal loan. The minimum monthly income to use a BDO OFW loan is P10,000. 1800-10-631-8000 (PLDT) 1800-3-631-8000 (Digitel) 1800-5-631-8000 (Bayantel) 1800-8-631-8000 (Globelines) Fast Multi-purpose Cash Loan for Land-based Overseas Filipino Workers. Age: 21 – 65. Personal Loan Auto Loan Housing Loan. Unsecured Loan: This non-collateral loan is a multi-purpose loan for OFWs with fixed income. A maximum loan amount of P100,000 – P1,000,000 is provided. BDO Unibank (BDO) OFW Loan. BDO Kabayan Personal Loan. For Personal Needs: SSS Salary Loan. Borrow for any personal reason or expense whether it’s to pay for tuition, travel, home renovation or a major purchase. Loan Amount: minimum of P10,000 to maximum of 90 percent and 80 percent of the deposit account balance for Peso and Dollar account, respectively. It is a feature that I was looking for Philippine bank home loan aside from low-interest rate. To help you more with the specific option and learn how to avail of a legitimate OFW loan from top banks in the Philippines. Term Loan. 1. Extend the benefits of your BDO Credit Card with your loved-ones and gain control of their spend. The requirements from most providers are very similar for a OFW Loan so the details provided below should only be taken as a guide. Borrow from Php20,000 – Php1million. If you need longer repayment terms, you can try the BDO Kabayan Personal Loan that has a repayment term of 36 months. OFW loan is now on PROMO = 1.3% in 2020! The beneficiary must be living or working within BDO serviceable area. Click here to ... Auto Loan Online Application. Let's Work Together . Share with Us Some Documents * You must fill in these fields. It is not practical for these Overseas Filipino Workers or OFWs to be physically present every time their family needs financial support. Let's Work Together . 2. The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security. Apply for a BDO Auto ... or Foreign-based Filipinos/OFW and their beneficiaries. Whether you are an OFW or not or absolutely considering to apply for a Security Bank housing loan, this post is for you. We accept applicants whether you will be deployed thru POEA vacancy, private agency or direct hired without agency in the Philippines. There are various lending companies sprouting that aims to help overseas Filipino workers with their cashflow needs. Interest rate for OFW loan 1,3% per month Interest rate for Housing loan for OFW 8% per annum. 3. If long term, it is to be paid over 3 – 5 years. 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. Share with Us Some Documents * You must fill in these fields. Home Loan, minimum amount: 500 000 PHP Up … Tell Us More about Yourself . Policies and guidelines vary, but the main purpose is to assist OFWs and make lending easier and more accessible for them. Loan Term: From 6 – to – 32 months. Its secured loan option has a 17.08% interest rate, while its unsecured option’s interest rate is a lot higher at 41.71%. An OFW can apply for a BDO auto loan either by sending an online application [2] or having the spouse who’s living in the Philippines file a loan application at any BDO branch. 3. Speaker from BDO Cebu Main branch Fuente Osmena Cebu City. Note: In case the remitter is not in the country at the time of application, the beneficiary will act as the borrower. 1. What are the required documents? LOAN INFO: Must be employed as OFW. To complement their OFW loan offerings, they have recently launched a loan product specifically for OFWs who are currently based abroad. The OFW’s spouse needs to submit a signed affidavit of marital consent. BDO established the Asenso Kabayan Program to provide financial assistance to OFWs who wish to apply for a home, auto, or personal loan. At least 2 years continuous employment abroad. For example, if you already bank with Philippine National Bank and you want a OFW loan, your are likely only going to be approved with you contact PNB. The following are the type of deposits allowed for this facility: Peso or Dollar Current or Savings Account Term loans are commonly used for cases such as Construction of buildings, factories and plants, plant expansion and modernization, leasehold improvements, and purchase equipment. Borrow up to 2,000,000 with fast approval and easy repayments scheme. For secured loans, deposits can be used as collateral. What matters is that you pass the pre-qualifying requirements and credentials for the bank standards. If you consider applying for a OFW loan be sure to check our rate calculator. A significant portion of the Filipino citizens work in foreign countries. For inquiries about BDO Personal Loan, you may contact BDO Hotline at 631-8000 or text (via SMS) BDO LOANS to 2256. Basic Documents. Monthly Percentage Rate: 1.75% (APR: 21% – Annual Percentage Rate) Just apply for your OFW Loan here and we will contact you directly to process your loan. 1. 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