How to Get an Online Loan for OFWs

If you are looking for a way to finance your needs or investments back home, then getting an online loan for OFWs might just be the perfect solution for you. With the rise of financial technology, more and more online lending platforms are now offering quick and convenient loan services specifically tailored for OFWs.

Also Read: 13 Best OFW Loans in the Philippines (Banks and Government Agencies)

By simply filling out an online application form and submitting the necessary requirements, you can get access to the funds you need without having to leave your host country. So if you’re an OFW looking for a hassle-free way to get a loan, read on to find out how you can get started with an online loan today.

How to Get an Online Loan for OFWs

In the Philippines, obtaining a loan can be a complicated and time-consuming process. Traditionally, Filipinos have had to physically visit banks or lending institutions to apply for loans, which is difficult for those living abroad. In recent years, however, online lending has become more prevalent in the country, which has made loan applications more accessible to Filipinos living overseas, including overseas Filipino workers (OFWs).

However, despite the availability of online loans, OFWs still face a range of challenges when it comes to borrowing money. One of the most significant issues is the lack of access to formal credit. Many OFWs are considered to be high-risk borrowers due to their lack of credit history and unstable employment status, which can make it difficult to secure loans from traditional financial institutions. In addition, some OFWs may face language barriers and difficulty in providing the required documentation for loan applications.

Another problem that OFWs often encounter is high interest rates and hidden fees, which can add significant costs to the overall loan. This can make it difficult for OFWs to repay their loans and can lead to financial difficulties in the long run. Some online lenders may also require collateral for loans, which can be difficult for OFWs who may not have assets in the Philippines.

Overall, the loan process in the Philippines can be challenging for OFWs, but with the increasing availability of online lending options, there are now more opportunities for them to access financing. That being said, it is important for OFWs to carefully research their options and choose reputable lenders who offer fair terms and transparent fees. And this guide should be a good start on how you can do just that.

OFW Loans through Government Agencies

1. Pag-IBIG Multipurpose & Calamity Loan

The Pag-IBIG Multi-Purpose Loan and Calamity Loan are two of the most popular Pag-IBIG loan options available to Filipinos. The good news is, both of these loans are not only available to regular members, but also to overseas Filipino workers (OFWs).

The Multi-Purpose Loan (MPL) is a flexible and convenient loan option that can be used for a variety of purposes, such as home renovation, education, medical expenses, and more. With the MPL, you can borrow up to 80% of your total savings in your Pag-IBIG Fund account. This means that the amount you can borrow will depend on how much money you have already saved with Pag-IBIG.

One of the best things about the MPL is that it can be approved in as fast as two days, making it a great option for those who need cash quickly. The MPL comes with a fixed interest rate of 10.5% per annum, which is lower than most personal loan options in the Philippines. This makes the MPL a more affordable option for those who need to borrow money.

Aside from the MPL, OFWs can also avail of the Calamity Loan, which is designed to help members who have been affected by natural calamities, such as typhoons, earthquakes, and other disasters. The Calamity Loan offers a low-interest rate of 5.95% per annum and allows members to borrow up to 80% of their total savings in their Pag-IBIG Fund account.

How to Apply for Pag-IBIG Loan Online

  1. Go to the Pag-IBIG Fund website and complete the application form provided.
    • Use Adobe Acrobat Reader for filling out the form.
  2. Print the form and sign it physically. Alternatively, leave the completed application as it is.
    • Save the accomplished form as a PDF.
    • If you’re applying for an MPL, submit a copy of your loyalty card plus or one valid ID.
    • If you’re applying for a CL, provide a barangay certificate or any document showing that you are affected by a calamity.
  3. Submit a copy of your Landbank, UCPB, or DBP cash card, along with its front and back portion.
  4. Send the form, together with the required ID and cash card copies, directly to Pag-IBIG or your company representative who handles Pag-IBIG loan applications.
  5. Ensure that all required documents are submitted, as incomplete applications may cause delays in processing.
    • Wait for your application to be approved.
  6. Once approved, expect the funds to be credited to your cash card within a few working days.

2. SSS Salary Loan And Housing Loan For OFWs  

As an active member of SSS, Overseas Filipino Workers (OFWs) who have at least 36 posted monthly contributions are eligible to apply for the Salary and Direct Housing Loan Facility. The Salary Loan is a short-term loan that can be used for personal expenses, while the Direct Housing Loan Facility is designed to provide affordable housing solutions for OFWs and their families.

The Salary Loan comes with an interest rate of 10%* per annum and can be borrowed up to PHP 32,000, with a term of 24 months. Meanwhile, the interest rate for the Direct Housing Loan Facility is between 8% to 11%* per annum, depending on the amount borrowed and the loan term, which can go up to 15 years.

The SSS housing loan program aims to support the Philippine government’s Pabahay sa Bagong Siglo Program, which aims to provide low-cost and socialized housing to Filipinos, including those working abroad. The program offers various housing loan packages, such as the Affordable Housing Loan and the Socialized Housing Loan, to cater to the different housing needs of OFWs.

The SSS’s housing loan program is a practical option for OFWs who want to invest in their own homes in the Philippines. With affordable interest rates, flexible repayment terms, and various loan packages, OFWs can choose the best housing loan that fits their financial capabilities and preferences. By availing of the SSS housing loan program, OFWs can secure their family’s future and have a place they can truly call home.

How to Apply for the SSS Salary Loan And Housing Loan For OFWs Online

  1. Go to and log in to your SSS account. If you don’t have an account yet, you’ll need to register first.
  • Make sure to remember your username and password or save them in a secure location.
  • Notifying your employer about your SSS Salary Loan application beforehand is important for them to certify you.
  1. Click the E-Services tab on your account and select Salary Loan Application.
  2. Fill out all the necessary information to complete the request. Review the terms and conditions, then click “I agree” and “Proceed.”
  3. Confirm your submission by clicking “OK” when prompted.
  4. Check your email for a confirmation message and transaction number from SSS. This will serve as your reference.
  5. Wait for at least three days to check the status of your SSS Salary Loan Application.
  6. To check your loan status online, log in to your SSS account and select “Inquiry” from the E-Services tab. Then, choose “LOANS” and “LOAN STATUS.” If the status shows “Check Generated,” that means your Salary Loan check is on its way to your mailing address.
  7. Your Salary Loan Check may take 3-4 weeks to arrive by mail. Once you receive it, you can encash it at any SSS-accredited bank.


  • While the process may seem straightforward, there are a few additional points to consider. For example, the amount you can borrow is based on your average salary credit in the last 12 months, and you must have made at least 36 monthly contributions to be eligible.
  • Interest rates for SSS Salary Loans are relatively low, at 10% per annum, but keep in mind that there are penalties for late payments or failure to repay the loan.
  • As with any loan, it’s important to carefully consider your financial situation and only borrow what you can afford to repay.


OWWA or the Overseas Workers Welfare Administration is a Philippine government agency that was established under the Department of Labor and Employment (DOLE) to support the needs of Filipino workers overseas. OWWA provides various programs and services to ensure the welfare and protection of overseas Filipino workers (OFWs) and their families. These include assistance for repatriation, legal and medical support, and scholarships for dependents of OFWs.

One of the key programs offered by OWWA is the Overseas Filipino Workers – Enterprise Development and Loan Program (OFW-EDLP), which aims to promote entrepreneurship among OFWs and their families. The program is implemented in partnership with the Land Bank of the Philippines and the Development Bank of the Philippines (DBP). The OFW-EDLP provides affordable financing options to OFWs who want to start or expand their businesses in the Philippines.

The OFW-EDLP offers a low-interest rate of 7.5% per annum for the entire loan term, making it a more accessible financing option for OFWs. The loan amount can range from PHP 100,000 to PHP 2 million, and can be used for various purposes such as working capital, acquisition of fixed assets, or franchising. The loan repayment period can be up to seven years, with a grace period of up to six months.

To qualify for the OFW-EDLP, the OFW must be an active OWWA member, with a minimum of 2 years of membership. They must also have a feasible business plan and a good credit standing. The OFW or their spouse should have the technical know-how to operate the proposed business.

How to Apply for the OWWA OFW-EDLP Online

Step 1. Verification of OWWA Registration

  • OFWs in the country: visit the OWWA Regional Welfare Office to undergo orientation/ eligibility screening and necessary training. If eligible, you will be issued a certification of membership to present to LANDBANK Assessment.
  • OFWs outside the country: contact your designated Welfare Officer of the Embassy through email. Your Welfare Officer will verify your OWWA Registration and refer you to an OWWA Regional Welfare Office in the Philippines. Upon your return, visit the referred OWWA Office to get the certification to present to LANDBANK.

Step 2. Enhanced Entrepreneurial Development Training (EEDT)

  • Attend the Development Training conducted by OWWA, DTI, and LANDBANK.
  • Present your Certificate of Attendance on the EDT to LANDBANK as a requirement.

Step 3. Preparation of your Business Plan and Other Document Requirements

Step 4. Submission of Document Requirements, Review, and Inspection

  • Submit all prepared document requirements, especially your business plan, to LANDBANK for review.
  • For existing businesses/ projects, an inspection of your business/ project will be carried out.
  • Loan evaluation, packaging, and approval will take about 45 working days upon your receipt of complete loan requirements.

Step 5. Loan Approval

  • LANDBANK will release the fund to the OFW if your loan is approved.

OFW Loans through Banks

In case you prefer to apply for bank loans instead, several major banks offer unique programs specifically designed for OFWs to assist you. It’s advisable to approach the bank with whom you already have an existing banking relationship, as this can potentially expedite the application process. Doing so allows them to quickly assess your capacity to pay based on your banking history.

1. BDO Kabayan Program (Unsecured & Secured Loans)

BDO Foundation received an award in 2020 for its financial education programs for Filipino workers abroad. BDO Kabayan Program offers two types of personal loans for OFWs. The unsecured loan is non-collateral and suitable for OFWs with fixed income.

The interest rate for this type ranges from 39.43% to 40.05% per annum. The secured loan is ideal for OFWs without fixed income but with existing deposit accounts with BDO as collateral. It has a lower interest rate than the unsecured loan, ranging from 17.06% to 17.08% per annum.

How to Apply for the BDO Kabayan Program

Step 1: Check your qualifications.

  1. Overseas Filipino Worker (OFW)

Eligibility Requirements:

  • At least 25 years old at the time of loan application and not more than 65 years old at the time of loan maturity
  • Former Filipinos with or without dual citizenship; Filipinos married to foreigners; Filipinos based abroad/OFW and their Beneficiaries
  • Must have at least two (2) years continuous employment contract
  • Must have at least one (1) landline phone at either residence or employment/business
  • Gross monthly income must be at least P20,000 or its US$ equivalent
  • With good credit history

Beneficiary Requirements: (Required only if proceeds will be released to any person other than the applicant him/herself)

  • Must have a landline
  • Limited to the following: spouse or children, immediate family members (parents or siblings), relatives of up to 3rd degree of consanguinity
  • Beneficiary must be residing/working within BDO serviceable areas (30km radius from any BDO branch)

Processing Guidelines:

  • Employment verification with employer will be done via callout or email
  1. Seaman/ Domestic Helpers

Eligibility Requirements:

  • At least 25 years old at the time of loan application and not more than 65 years old at the time of loan maturity
  • Must be Filipino citizen
  • Must have at least 3 years continuous employment contract
  • Must have at least 1 landline phone at either residence or employment/business
  • Gross monthly income must be at least P20,000 or its US$ equivalent
  • With good credit standing

Beneficiary Requirements: (Required only if proceeds will be released to any person other than the applicant him/herself)

  • Must have a landline
  • Limited to the following: spouse or children, immediate family members (parents or siblings), relatives of up to 3rd degree of consanguinity
  • Beneficiary must be residing/working within BDO serviceable areas (30km radius from any BDO branch)

Processing Guidelines:

  • Check Manning Agency vs. POEA Manning Agency List
  • Employment verification with Manning Agency

Step 2: Prepare the documents.


  • Proof of Identification: Any of the following government-issued IDs (front and back):
    • Preferred IDs: Driver’s License, Philippine Passport, TIN ID, SSS ID, GSIS eCard
    • Other acceptable IDs: UMID ID, PhilSys ID, Voter’s ID, Philippine Postal ID, PRC ID, Philhealth ID
  • Proof of Income: Photocopy of any of these mandatory requirements:
    • Latest Income Tax Return (ITR) duly stamped and received by the Bureau of Internal Revenue
    • BIR form 2316 signed by the employer’s authorized representative PLUS any of the following:
      • Latest full month’s payslip
      • Original Certificate of Employment indicating status, service tenure, and compensation breakdown.
      • If with existing credit cards from other banks, a copy of the last two (2) months’ statement of the credit card that is at least one (1) year on books.

Step 3: Submit the Application Form and Requirements

To apply for a BDO Kabayan Program personal loan, you can submit your application at any BDO branch nationwide. For OFWs working abroad, you can use the BDO Kabayan application forms which can be accessed by clicking the following links:

2. BPI Seafarer Loan

Bank of the Philippine Islands (BPI) is a well-established and respected financial institution in Southeast Asia, and has been ranked as one of the most profitable banks in the Philippines. It offers a range of financial products and services, including loans tailored specifically for overseas Filipino workers (OFWs).

One of BPI’s offerings for OFWs is their financial assistance program which includes auto loans and housing loans. These loans are designed to help OFWs fulfill their dreams of owning a car or a house in the Philippines, allowing them to secure their family’s future while they work abroad.

Additionally, BPI has a fast cash loan program that provides immediate financial assistance to OFWs who need extra funds for emergencies or unexpected expenses. With an interest rate of 25.60% per annum, the fast cash loan program offers a reasonable option for OFWs who need quick access to funds. To apply, OFWs can easily submit their documents online, making the process fast and convenient.

The availability of these loans from BPI can significantly benefit OFWs who may find it difficult to access credit from traditional lending institutions. However, as with any financial decision, it is crucial to carefully assess your options and choose the loan that best suits your needs and financial situation.

How to Apply for the BPI Seafarer Loan

  • To apply for this loan program, be sure you meet all the requirements then fill out this application form online.

3. Landbank OFW Reintegration Program

As a government-owned financial institution, the Land Bank of the Philippines is committed to providing financial assistance and support to different sectors of society. Alongside its mission to serve farmers and fishermen, the bank also recognizes the importance of helping overseas Filipino workers (OFWs) succeed in their endeavors.

To aid OFWs in their return to the Philippines and facilitate their transition to becoming entrepreneurs, the Land Bank has partnered with the Overseas Workers Welfare Administration (OWWA) to establish the Reintegration Program. This program seeks to provide financial assistance to returning OFWs who want to start their own businesses in the Philippines.

Through the OWWA OFW-EDLP (Enterprise Development and Loan Program), eligible OFWs can access affordable loans to start or expand their own businesses. These loans have flexible repayment terms, low interest rates, and do not require collateral. Loanable amounts vary based on the business proposal, ranging from PHP 100,000 to PHP 2 million.

Applying for an OWWA OFW-EDLP loan is simple and straightforward. Interested OFWs need to submit the necessary requirements, which include a business proposal, valid government-issued IDs, and other supporting documents. Once the application is approved, the loan proceeds will be disbursed directly to the borrower’s account.

With the support of the Land Bank and OWWA, OFWs can pursue their entrepreneurial dreams and create new opportunities for themselves and their families. This program offers a chance for OFWs to not only build a sustainable source of income but also secure their financial future by saving for their retirement.

How to Apply for the Landbank OFW Reintegration Program

  1. To avail of the lending facility offered by the Overseas Workers Welfare Administration (OWWA), you must attend the required training at an OWWA office in your area. You can check their website for schedules and registration details. The training sessions are mandatory, and you won’t be able to apply for the loan without the Entrepreneurial Development Training (EDT) certification.
  2. Once you have obtained the EDT certification, you can proceed to submit all the required documents to Landbank for examination and processing. These documents typically include:
    1. a loan application form,
    2. two valid IDs,
    3. proof of OWWA membership,
    4. proof of income,
    5. business plan, and
    6. other relevant papers.

Note: Make sure to provide accurate and complete information to avoid delays or rejection of your application.

  1. After submitting your loan criteria, you will need to wait for at least 45 days before finding out the status of your loan application. The processing time may vary depending on the volume of applications and the completeness of your documents. You can check the status of your loan application by contacting Landbank or visiting their website. It’s essential to be patient and follow up regularly to ensure that your application is being processed promptly.

Frequently Asked Questions

1. What are the requirements to apply for an online loan as an OFW?

The requirements may vary depending on the lender, but usually, you need to provide a valid government-issued ID, proof of income or employment, and proof of residence. Some lenders may require additional documents such as a certificate of employment or bank statements.

2. Can OFWs with no credit history apply for online loans?

Yes, some online lenders offer loans to OFWs with no credit history. However, the loan amount and interest rate may be higher for high-risk borrowers.

3. How much can OFWs borrow through online loans?

The loanable amount may vary depending on the lender and the borrower’s capacity to pay. Some lenders offer loans starting from PHP 10,000 up to PHP 500,000.

4. What is the interest rate for online loans for OFWs? T

he interest rate may vary depending on the lender and the loan amount, but generally, the interest rates for online loans for OFWs are competitive compared to traditional lenders.

5. How long does it take to process an online loan application for OFWs?

The processing time may vary depending on the lender, but some online lenders can process loan applications within 24-48 hours.

6. How will the loan proceeds be disbursed to OFWs?

The loan proceeds will be disbursed directly to the borrower’s nominated bank account, which can be a Philippine bank account or a remittance service.

7. Can OFWs apply for an online loan while still abroad?

Yes, OFWs can apply for an online loan while still abroad as long as they have access to the internet and can provide the necessary documents required by the lender.

8. What happens if OFWs fail to repay the loan on time?

Failing to repay the loan on time may result in additional charges and penalties. It may also negatively impact the borrower’s credit score, making it harder to access credit in the future. Therefore, it is crucial to ensure that the loan repayment is made on time.

Final Thoughts

In conclusion, getting an online loan for OFWs is a viable option for those who need financial assistance in the Philippines. With the convenience of online lending, OFWs can now access fast and reliable loan services that cater specifically to their needs. As an OFW, it’s essential to research and compare the different lenders and loan options available to ensure that you find the right loan for you. By taking advantage of these online loan options, you can fulfill your financial goals and invest in

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