If you're an Overseas Filipino Worker (OFW) who wants to apply a loan in BPI (Bank of the Philippine Islands), here are the procedures to do and the requirements needed to bring. This guide applies to Personal Loan application in BPI.
The eligibility requirements for OFWs in applying for a Personal loan are the following:
Must be a Filipino citizen
Between 21 and 60 years old upon loan maturity
Residing/working within the approved geographical lending area of BPI Personal Loan
OFWs with local agency (not direct hires abroad). ITR will be waived but you will need to submit proof of income and should be present during the application process, which includes Promissory Note/Disclosure Statement signing once approved.
Applicant should be present here in the Philippines, and able to visit any nearest BPI branch nationwide, during the application process. Our servicing unit does not conduct credit investigation if the applicant is outside the Philippines.
If you are qualified based on the parameters above, please prepare the following application requirements:
Duly accomplished application form
Must have an active BPI or BPI Direct account (BFB account not included). If not, client will be asked to open one.
Proof of income: Can be Original or Photocopy (If photocopy, it should be readable)
Also bring any of the following:
Active employment contract and POEA Overseas Employment Certificate or Latest POEA Customer Info sheet (OFW Information Sheet)
Photo-bearing government-issued ID (e.g. Passport, Driver's License, SSS, PRC, etc.)
*Additional income documents may be required during credit evaluation
How much can be borrowed?
You can borrow from Php 20,000 to Php 1,000,000 depending on how much you need. Your maximum loan amount, however, can only be up to 3 times your gross monthly income subject to the Bank's assessment of your application. There is no collateral requirement for Personal Loan application.
Interested applicants can submit all application requirements at any nearest BPI branch. Processing of your application will take 7-10 banking days upon receipt of complete requirements.
Please take note that once your loan is approved, you will need to be physically present in any nearest BPI branch since signing of loan documents must be done in the presence of a branch officer.
Upon approval of your loan, kindly visit the branch to sign the loan documents. Please note the following reminders in the crediting of your loan proceeds:
Loan proceeds will only be credited to a BPI or a BPI Direct account.
Existing depositors of BPI Family Bank will still be required to open a BPI account for the crediting of the loan proceeds.
Crediting of the proceeds will take 1 to 3 working days from signing of the loan documents.
A minimal processing fee of Php 1,500 will be deducted from your loan proceeds.
If you need further assistance or have other concerns, please do not hesitate to post them in the comment below.
Do you have any other concern in applying a loan in BPI?
"How to Apply an OFW Loan in BPI?" was written by admin under the Banking category. It has been read times and generated 116 comments. The article was created on .
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im ofw but i dont have a local agency in philippines since 2013. but im still working here in singapore. im still required to apply or avail a loan from bpi? i have a account in bpi since 2008 also. my salary is 55k per month not included my overtime. if im allowed to apply a personal loan. how much i can apply? thank you
Good day! i'm Jerson Enriquez of iligan City.I am currently working here in Saudi Arabia as a safety officer. I just want to know whether I am still qualified to apply an OFW loan even if I am working here in abroad? If not, how about my wife? Can she apply instead of me.Thank you!
Good day! Nandito po ako sa singapore ngayon. Pauwi po ako sa Pilipinas sa December pero babalik din po ako agad dito sa Singapore. Balak ko po sana mag apply ng loan pag andyan na ako sa Pilipinas. Am i qualified po ba?
Good day! I'm an ofw . I want to apply for personal loan. I have read the requirements for ofw- land based (Direct Hire). One of them is OEC. I'm planning to submit my application & requirements on November while I'm in abroad, so that before I'm going back to the Philippines on December, I would know ahead if my loan is approved or not. My concern is my OEC, can I still use this OEC with me as a proof? Or do I need to get the latest OEC ? But I'm worrying if I'll get my new OEC earlier it would be expired before my departure. It's validity is only 60days and I would be returning on January 31 2017. Please advise.
Hi, im applying for personal loan for ofw while in the philippines for vacation,but i receive the text from bpi that loan will be available after 6 months.my question is still my loan will be active or it will be aprovedeven im not in philipines? I submitted all the requorements needed.thank you.
Greetings! I'm ofw based in Singapore for 10yrs I want to apply for a personal. Is it possible to apply while in abroad.? I will go back home on September and I stay only for 12days. And I do hope my application will be granted while in the Philippines. Thanks u
Dear Sir/Madam, I just to ask if what is the requirements for OFW cash loan im working in Kuwait as assistant store manager for Fashion shop. I was ofw since 2006,what are the requirements and it is possible to process in manila though my province is bicol?Kindly waiting for your kind response if im qualified.
I'm OFW from Doha Qatar, i'm going for vacation this month of June, because me and my boyfriend are planning for a marriage so I can be able to bring him here in Qatar if we are officially married, but my problem is, we have enough money only for marriage, but for his visa and ticket is my problem, because he will come here also in Qatar to work so I hope BPI will give me a Loan once I reach there in Philippines on June and after I passed all the needed requirements for loan.
Hi! I would like to ask if I'm eligible to apply for an OFW loan that I need to support my family in a few months since the agency will take the first 2 months of my salary for the placement fee. This will be my 2nd time working abroad. Hope to hear from you soon! Thank you.
I applied twice but unfortunately still not approved. I am a OFW I worked here in Saudi Arabia and every time I go vacation, I applied ofw loan in your bank but sad to know still dis approved. what is the discrepancy of my requirements and my application still rejected? what am I supposed to do?
Hi ma'am / sir is it possible for me to apply and to approve my loan if I use my loan for applying abroad going Canada ?cause my money is not enough.how much for my monthly payment? How many month to pay?thank you
84Deogilo Alviar Langoyan II(18 February 2016 12:02 PM)
Im an OFW in Saudi Arabia working as a Safety Inspector, I want to apply loan when I go home this coming April first week...I would like to ask how many days the processing of the loan if you have already complete requirements?
I'm ofw from dubai ..I extend my contract for two year but then I have a vacation this coming March ..you said you need contract ..my contract will be fix after I go back here in dubi ..but I have my oec from poea..is it ok ..
Good afternoon sir/mam I'm just asking is it possible for me to apply OFW LOAN even I'm here in Taiwan? Because I wanted to apply in Canada.. I'm planning to ask my older sister to help me.for this.. If is it Okey for you...thank you.
Hello good day!I just want to ask if there is a bank can lend a 30,000 pesos for a placement fee (it includes visa stamping and 12% of vat to the placement fee)to an ofw that has a starting salary of 18,000 only
i have tried to apply last Augus and submitted all the documents however since im a permanent resident in singapore, i cannot produce oec because it is not applicable to me and poea information sheet shows my previous employer. What document can i present?
68JOHN EDWARD J. De Jesus(17 October 2015 7:23 AM)
I am an employee of Accenture, Inc. but I am currently working on the client side here in Canada. I will return back to the Philippines on September 2016. I would need to start processing the loan for my condo starting January 2016. Can you confirm if I am eligible to take a condo loan? My net income is 150,000 and I would like to take a loan for 1.8M.
hi maam/sir i want to know how can i apply cash loan on this bank.by the way im here in saudia arabia jeddah my contract is every year go vacation im working in the hospital as a food server my salary 3633 saudi riyal
Hi my husband is an ofw in kuwait. The salary stated in his contract is around 27,000 pesos only.however his total package is around 33,000 pesos and it is stated on his working permit? Can he still have a loan of 200,000 pesos? Thank you.
I just want to ask for clarification regarding my OFW loan. Just this month I decided to make a loan in BPI-Binakayan branch and it cost 50,000.00php payable for 5 months, but they gave me only around 37,000.00 php then I consult immediately the officer in charge of the above mentioned branch of BPI. I asked her, why 37,000.00php only? And she explained it to me but it still not clear to me and I'm in doubt. I received the amount just this month and my question is that, my loan is not yet one month in my hands and it was immediately deducted the monthly amortization and it seems to me that its unfair. I need your help Maam/Sir. Please help me. I hope you understand what I mean in my message because I'm not so good in english.
hello, this is joh from singapore i want to take the ofw loan but i can only stay in the philippines for 5 days is it possible? how can i process the documents needed? is it possible that i send someone to pass my documents then after 4 days ill be in the philippines to wait for the call.thanks i hope you could help me.
Please, kindly know, if i can apply those loans writen here, or kindly know the information, about, house loan, sorry because i didnt understand properly, i mean, i want a house loans, not cash, please i need your answer,,, thank you
my name is susana Bajamonde I am working in dubai and BPI Direct account holder, may i ask if i can have a personal loan through online or i need to go home and process to the nearest BPI branch in Bohol, can we ask one of my relative to process the loan or personally i myself will go home and process.
hello good day Sir@maam i wanna ask if i can allowed to apply a personal loan in your company.i am work here in dubai.as a servant so if i can allowed where branch i apply in bacolod city??thanks @more power..
good afternoon maam/sir, I am going to hongkong as domestic helper...I just only want to know if how much the interest of an ofw loan and is it ok if rhe requirements is xerox only please reply thank you and more power god Bless
hello,id like to apply ofw loan,,but currently im here in saudi arabia.is it okey if my wife should be my representative in be half of me.here is my email accnt firstname.lastname@example.org,,pls kindly email me all the details..thank you very much..mr.raymundo j.magbanua ofw from jeddah.
goodday sir/madam,im currently working here in jeddah,if my housewife can apply in behalf of me?or else can i apply thrue online aplication,i am a branch supervisor at mohammed yousuf naghi hyundai.please kindly respond my msg.my monthly salary is 5500sr.
Hi! Good day Im currently working at singapore, I would like to query regarding ofw loan, if my husband can apply in behalf of me? Please give advice for chances of this application. My monthly salary is 3270 sgd. thank you
hi good day .i would like to ask if its possible for me to apply on this ofw loan but im here in saudi arabia..whats the possible thing to do ?and i do have other bank account is it possible for me to loan?
Good day. I'm Janssen Sapanta and I am a seafarer. I just want to ask if can I avail ofw loan in your bank even if i don't have yet an account in your bank? My monthly allotment is in another bank. But I am welling to open a saving account in your bank. I want to apply that ofw loan in your bank cause your interest is lower than the other banks. By the way my monthly income in peso is 40, 000. I'll wait for the reply. Thank you and godbless
hi, i would like to ask for your assistance regarding ofw loan.can i avail more than 3 times of my gross salary?,..im working here in saudi arabia and interested to apply for ofw personal oan..thanks!..(email@example.com)..hoping for your response!
good evening..my cousin wants to loan in your good bank!..this is hes 1st time..he is a seaman..and the problem is that hes now in the philippines spending time together w/his family!..my question is that can he avail?..need your assistance!..(firstname.lastname@example.org)..need your reply!..thank you!..
18Flor Cecilia Egual Go(12 December 2014 10:08 AM)
Hi I am interested to apply for an OFW loan, I am presently working in Singapore, can my husband do the application for me?, and may I know how much would be the interest rate and the terms of payment. My email is email@example.com
Good afternoon! I Laurencio Sarenas am presently working here in Ras Al - Khaimah, United Arab Emirates under Zamil Steel Company since year 2007. I interested to apply cash loan. this is my email add LaurencioSarenas@zamilsteel.com my contact number is +971 50 627 8637.
Hi I am karen alpes I would like to follow up my loan that I submitted last October 2, 2014 please contact me as soon as posible this is my email add firstname.lastname@example.org and my contact no.09321074810
gud pm...im Elmer, how can i apply ofw loan?im going to malta this coming wdnsday and i just want my wife will sign the form and i give him copy of my documents..what is the best way or the easy way to avail?
good eve i am planning to apply for ahousing loan in bpi. my husband is an ofw . he is in ksa . as awife isit possible to file a housing loan in your without the presence of my husband? i have already a unit in tuscania subdivison in which the equity is alreaddy fully paid. pls rep ty
My cousin is planing to take a loan in your bank, but this is his first time as OFW, is it still possible for him to have a loan with your bank? if he is applying for 150k loan, what would be the terms? Thank you! hoping to hear from you soon, here is my email address: email@example.com . Thanks!
Good day! My husband and I are OFW hence we need an extra money for our kids education for their bachelor degree...How can I avail our loan for I have only 30 days vacation and also my husband. Thank you and looking forward for your kind response.
Hi! How can I avail personal loan in your bank? I am recently here in Dubai since 2005. I work as musician-pianist in hotel-bars in the city. I am earning 65kphp per month. I invested my earnings in my home province in Davao. I have a prep-primary schools and I need to expand rooms and building and some finishing touches of newly built rooms a year ago. I need your reply asap. thanks-god bless! jojo