The OFW Loan Designed for OFWs

Each day there are more OFWs being sent abroad compared to the number of Filipinos finding a job domestically. On aggregate the Philippines deployed a little over 1.7 million OFWs in 2014 versus 1.02 million filipinos finding a local job. These OFWs contribute an estimate 10% of the country’s GDP. They are considered by many to be the modern day heroes of the country.

Balikbayad was designed to address the financing needs of OFWs. We understand that there are costs involved in securing an overseas job. We are here to help the ones who have secured a job abroad and needs financial assistance.

How It Works:

Step 1 on how to loan from Balikbayad! — Read and understand Balikbayad loan features. For questions, check our FAQ page or email us for specific questions not covered in the FAQ.
Fill our online inquiry form as accurately as possible or if you already have all the documents, you can directly visit our branch.
We will reply to online inquiries within one to two business day.

Step 2 on how to loan from Balikbayad! — Don't forget to bring all required original documents to process your loan application, if you do not, you will have to visit us again with completed documents.
New Accounts Officer will go through our product features, and if you agree, enter your loan application into our system. No paper application is required.
Credit verification requires one day processing. We will contact you once a decision has been made in the next business day.

Step 3 on how to loan from Balikbayad! — Once approved, pick up a bank endorsement letter from Balikbayad, and proceed to open a checking account.
Remember, opening and maintaining a checking account will not cost you anything.
Return to Balikbayad with cheque book to complete loan contract. Carefully read and sign loan documents with Co-Maker, issue the required post dated cheques (PDCs) in exchange for releasing of loan.
Encash cheque, or get cash from nearest bank or ATM

What We Can Offer

Land-Based OFW Loan – Take advantage of our collateral-free, low-interest OFW loan and join the thousands of happy OFWs we have welcomed on board! We offer 100% payout on your approved loan amount – no deductions, additional fees, or hidden charges!

Why Balikbayad?

Balikbayad adresses the most pressing issues OFWs face in applying for a loan. For this reason we:

Aim to remove the lengthy screening process and tedious paperwork common to banks and other lending companies.

Ensure efficient processing by using the latest computer software in handling loan applications.

We do not deduct fees from your requested loan amount, meaning you will get the full loan amount that was approved.

Who Can Apply?

Workers currently working abroad with an active employment contract.
Balik Manggagawa, or workers who previously worked abroad and planning to go back but have no specific funds.
First time OFWs.

Who Can Be A Co-Maker?

Spouse
Parents
Siblings
Children of Legal Age
Live in Partner (w/ child)

What are the Requirements?

BORROWER

Passport
Electric Bill (latest + proof of residence if not in own name)
Employment contract with POEA stamp
Working Visa
OEC
Airline Ticket

CO-MAKER

Original Electric Bill of Phil. Address
1 valid primary ID
Proof of relationship (Birth Certificate if single, Marriage Certificate if married)
Tax Identification Number (TIN) or SSS number

Fast, easy, and reliable OFW loan.
Borrow as much as 2x your salary.

APPLY NOW!