OFW LOAN GUIDELINES

OFW LOAN GUIDELINES (1 day release)

QUALIFICATIONS:

Type of work

·         Skilled worker of any country except for the Negative Countries.

·         Home-based work (Domestic helper and Caregiver)

DOCUMENTARY REQUIREMENTS:

·         Latest POEA Validated Standard Contract of Employment / Certificate of Employment / Job Order / POEA Information Sheet.

·         E-Receipt / Overseas Employment Certificate (OEC)

·         Flight details / Plane ticket / Updated Passport and VISA

·         Updated Passport and VISA

·         Marriage contract if married / Birth Certificate, if Single

·         Basic Documentary Requirements

LOANABLE AMOUNT:                    Maximum of Php 300,000 for first world countries

                                                                Maximum of Php 250,000 for the rest of the world

TERMS:                                                 3 – 6 months

CHARGES:

·         Documentary stamps                     Depends on the amount financed

·         Loan Redemption Insurance       Depends on the amount financed

·         Notarial fee                                        Php 200.00

(Negative countries: Countries like Iran, Iraq, Afghanistan, Israel or countries declared by the management) For more information or any question, Pls. email me at barcenanorma60@gmail.com