Overseas Filipino workers (OFWs), like most Filipinos, may benefit from loans at some point in their lives. This is where Robinsons Bank can assist you. Through its OFW Loan program, the bank pledges to provide qualifying customers with rapid and easy access to cash. Let’s take a closer look at the advantages of obtaining a Robinsons Bank OFW Loan.
You should look into numerous financial institutions and compare their offerings to get a loan program that meets your needs and conditions. If you do this, you will be able to find anything that matches your requirements, whether it be funding for a house, car, or business.
To avoid a negative impact on your credit score, you must be knowledgeable of the terms and features of any loan program you are considering. Failure to follow this guideline may make future funding from the same or other institutions more difficult, making compliance important.
Applying for a Robinsons Bank OFW Loan
Overseas Filipino Workers (OFWs) can apply for an OFW Loan from Robinsons Bank to cover medical expenses, tuition, or to establish a business.
Robinsons Bank’s 20 years of excellence have performed a momentous leap through its people, processes, products and policies. Over two decades, the Bank takes pride in its sustained growth momentum, following the successful implementation of its strategies. The robust developments and achievements in 2017 are testaments of the Bank’s sustained determination to be among the top banks in the country. Steered by its five-year strategic thrust Roadmap 2020, the Bank completed another milestone alongside the strong domestic economic performance with major initiatives still in the pipeline.
For almost 20 years, the bank has maintained a brand philosophy of community commitment – a determination to meet the evolving requirements of its consumers. In keeping with the JG Summit Conglomerate’s goal of bringing the country to global competitiveness and making life better for every Filipino, the institution strives to improve every day.
The financial organization pursues the mission of being the Bank of Choice and implements programs to enable more individuals to reap the benefits of having a bank that meets their needs. The Bank embraces and extends more than just being a financial arm, but fosters partnerships beyond banking through its dedication to providing the greatest experience, winning culture, outstanding returns, and a responsive business.
And here’s how a Robinsons Bank OFW Loan works for all consumers:
Here’s Why You Should Get a Robinsons Bank OFW Loan
With over 20 years of experience, AUB has offered its clients the greatest banking experience possible, as well as specialized products and services, including the Robinsons Bank OFW Loan targeted at assisting them in shaping the future they desire.
Robinsons Bank has played an important part in the banking business over the years, providing a diverse range of innovative financial services with the ease of modern technology. It has gained a high level of trust and confidence as a commercial bank with over two decades of commitment to meeting the changing demands of the community. Robinsons Bank strives to make banking easy for its customers in every manner imaginable, including a broader array of product and service offerings, flexible financial solutions, branch expansions, and digital upgrades.
Advantages of Applying For a Robinsons Bank OFW Loan
Robinsons Bank provides a user-friendly and customer-centered service to meet its clients’ needs, as proven by:
- Fast processing of loan applications;
- High interest on the loan for the borrower
Types of Robinsons Bank OFW Loan
Robinsons Bank OFW Loan programs include auto, home and motorcycle loans.
The sections that follow go into detail regarding each Robinsons Bank OFW Loan program’s characteristics, requirements, the application process, and benefits.
Robinsons Bank Housing Loan Program
Robinsons Bank’s home loans assist families in achieving their goal of homeownership. These products are intended to fulfill the requirements of today’s working families. It’s simple to create your own home with flexible payment options and a selection of monthly plans.
Features:
Term: Up to 20 years for locally employed; Up to 15 years for OFW and self-employed
Maximum Loan Amount: Up to 90% of the total contract price (Accredited Developers)
Up to 80% of the appraised value (Non-Accredited Developers)
Minimum Loan Amount: 12 to 60 months
Purpose/s of the Robinsons Housing Loan:
- Purchase of the following:
- House & Lot
- Vacant Lot
- Condominium Unit
- Townhouse
- House Construction / Renovation
- Refinancing / Loan Take-out
- Home Equity Loan
Eligibility
- At least 21 years old but not more than 65 y/o upon loan maturity
- Foreigner with appropriate Alien Certificate of Registration
Requirements
General Requirements
- Duly filled-out and signed application form
- At least 1 Government Issued ID
- Marriage Contract ( if applicable )
- For Locally Employed
- Latest Copy of Certificate of Employment indicating salary, position, and length of employment
- Latest Payslips
For Overseas Filipino Workers
- Latest employment contract of employment
- Latest Working Visa
- Latest Payslips or remittance slips
- Special Power of Attorney (Bank Format)
- Consularized copy may be required if issued abroad
For Self-Employed / Self-Employed Professionals
- ITR for the last three (3) years
- Audited Financial Statements for the past three (3) years
- Business Registration Documents (DTI, Mayor’s permit, etc)
- PRC ID (For Professionals)
Collateral Requirements:
For Accredited Developers
- Latest Statement of Account
- Reservation Agreement or Contract to Sell
For NON- Accredited Developers
- Photocopy of the Title
- Tax Declaration on land and improvement
- Lot Plan Vicinity Map certified by a Geodetic Engineer
- Appraisal Fee
Additional for Construction Loans
- Building Plans, Specification and Floor Plans
- Bill of Materials
Additional for Refinancing
- Latest statement of account for mortgagee bank/institution
- Latest history of payments
How to Apply for a Robinsons Bank Housing Loan
Here are the easy steps to apply for a Robinsons Bank housing loan:
- Fill out and sign the application form
- Submit all the requirements
- Wait for the processing and approval of your application
Robinsons Bank Auto Loan
With the Robinsons Bank Auto Loan, you can drive away in your ideal car to maximize convenience, safety, and savings.
Features
Loan Amount
- Brand New – Up to 80% of Net Cash Price
- Used Cars – Up to 70% of appraised value
Down Payment: As low as 20% SRP
Terms
- Brand New – 12 to 60 months
- Used Cars – 12 to 48 months
Purpose/s of the Auto Loan:
- Acquisition of brand-new vehicle
- Purchase of used vehicle
- Refinancing
Eligibility
- At least 25 years old at the time of application
- Filipino or Foreign citizen
- For Employed: Working for at least 3 years and with current employer for at least 6 months
- For Business: Should be in operation for at least 3 years
Requirements:
Locally Employed
- Filled-out and signed application form
- Certificate of Employment
- Income Tax Return (ITR) BIR form 2316
- Photocopy of government-issued IDs
- Proof of billing
Self Employed
- Filled-out and signed the application form
- Latest 3 months Bank Statements
- DTI Registration
- Photocopy of government-issued IDs
- Proof of billing
Partnership or Corporation
- Filled-out and signed the application form
- Certificate of Employment
- Income Tax Return (ITR) BIR form 2316
- Photocopy of government-issued IDs
- Proof of billing
OFW (Sea Based)
- Filled-out and signed the application form
- Latest 3 months Bank Statements
- DTI Registration
- Photocopy of government-issued IDs
- Proof of billing
OFW (Land Based)
- Filled-out and signed the application form
- Certificate of Employment
- Income Tax Return (ITR) BIR form 2316
- Photocopy of government-issued IDs
- Proof of billing
How to Apply for a Robinsons Bank Auto Loan
Here are the easy steps to apply for a Robinsons Bank Auto loan:
- Fill out and sign the application form
- Submit all the requirements
- Wait for the processing and approval of your application
Robinsons Bank Motorcycle Loan Program
As an alternative to car loans, Robinsons Bank also offers a Motorcycle loan for drivers who are always on the go, whether for personal use or for business.
Features
Regular/Solo Bike
- Down Payment: Minimum of 10% based on SRP
- Terms: 6-36 months
Big Bike
- Down Payment: Minimum of 30% based on SRP
- Terms: 6-36 months
Second-hand unit
- Down payment: Minimum of 8% based on SRP
- Terms: 6-36 months
Purpose/s of a Motorsiklo Loan
- Acquisition of Brand-new vehicle
- Purchase of Second-hand unit
Eligibility
- At least 21 years old but not more than 65 y/o upon loan maturity
- For Employed: Regular employee for at least one (1) year
- For Business: Should be in operation for at least 2 years
- Residence: Owned for at least 1 year; Rented for at least 2
Requirements
Locally Employed
- Filled-out and signed application form
- Latest one-month payslip / Certificate of Employment
- Photocopy of government-issued IDs
- Proof of billing
Self Employed
- Filled-out and signed application form
- Latest 3 months Bank Statements
- DTI Registration
- Photocopy of government-issued IDs
- Proof of billing
Overseas Filipino Worker
- Filled-out and signed the application form
- Employment Contract
- 3 months Proof of remittance
- Photocopy of government-issued IDs
- Proof of billing
Partnership or Corporation
- Filled-out and signed application form
- Latest 3 months Bank Statements
- Latest GIS
- Income Tax Return (ITR) & Audited Financial Statement (AFS) for the last 3 years
How to Apply for a Robinsons Bank Auto Loan
Here are the easy steps to apply for a Robinsons Bank Auto loan:
- Fill out and sign the application form
- Submit all the requirements
- Wait for the processing and approval of your application
Tips when Applying for a Robinsons Bank OFW Loan
1. Visit the bank first with all your questions or concerns so that you can make a decision quickly.
You will find it easier to get through this procedure if you write down the difficulties and issues you wish to discuss with the bank agent.
2. Before applying, use the bank’s loan calculator.
If you utilize the loan calculator tool, which is available to all bank customers, you will be able to determine your monthly installments by viewing a graphical representation of what those payments will be.
3. Preparation is required before applying for a loan.
Make certain that you are aware that it is smarter to borrow simply the quantity of money that you require rather than the amount that you would like to spend your money on.
4. Make sure you have the necessary documents before interacting with a bank.
This will simplify the procedure and free up more of your time to focus on the tasks that must be completed in the next days and weeks.
It is to your best advantage to take your time and thoroughly research your options before committing to a car loan.
Summary
The application process for a Robinsons Bank OFW Loan product has been streamlined, making it both quick and simple to complete. As a result of this advancement, you will be able to save both time and money.
Finding an appropriate loan and properly fulfilling its requirements can both take a significant amount of time and be a challenging undertaking to complete successfully. The vast majority of people have no notion where to turn for the answers they want.
Regardless, it is critical that you acquire a loan that is appropriate not just for your needs but also for the situation in which you find yourself. Fortunately, the Robinsons Bank OFW Loan could be one of your finest options.
Customers of this financial institution have a range of options when it comes to determining how to use their personal loans, based on the terms of the loans that they have taken out. They may be of support to you in getting through the day and achieving the goals you have set for yourself.
In the future, a Robinsons Bank OFW Loan could be used to fund the purchase of real estate or the establishment of a business. Applying for this type of loan is a simple process that won’t take up much of your time and isn’t necessary if you can keep up with your other obligations and meet all the standards.
When it comes to the many sorts of loans and the quantities that can be borrowed, financial institutions such as banks and other financial firms offer a wide range of freedom. This covers a wide range of loan amount alternatives. Following the completion of this article, you may find that the loan products or services listed below pique your interest. Click here to learn more about these loans.
Contact Information
Galleria Corporate Center
Address: Epifanio de los Santos Ave, Ortigas Center, Quezon City, 1110 Metro Manila
Trunkline: (+632) 8637-CARE (2273)
Email: C3@robinsonsbank.com.ph
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