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How to Apply an OFW Loan in BPI?

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. 
Apply OFW loan 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: 
  1. Duly accomplished application form 
  2. Must have an active BPI or BPI Direct account (BFB account not included). If not, client will be asked to open one. 
  3. 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: 
  1. Loan proceeds will only be credited to a BPI or a BPI Direct account. 
  2. Existing depositors of BPI Family Bank will still be required to open a BPI account for the crediting of the loan proceeds. 
  3. Crediting of the proceeds will take 1 to 3 working days from signing of the loan documents. 
  4. 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?

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"How to Apply an OFW Loan in BPI?" was written by under the Banking category. It has been read 46746 times and generated 127 comments. The article was created on and updated on 04 April 2014.
Total comments : 126
JOB BARING   (19 August 2019 8:18 AM) [Entry]

hi,,pls send me details for requirements for ofw loan hoping for your response.thank you
MARIA LUCILE GUMAPO   (17 May 2019 9:45 PM) [Entry]

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Loan Offer.
Elesea aquiatan   (23 March 2018 7:05 AM) [Entry]

Hi,good day maam/ sir, ask ko lang po kong pwide ako maka avail ng ofw loan.dito ako sa malaysia working for more than 5 years na po.same employer lng.2.600 ringgit ang salary ko sa ngayon.then i do part time job for massage and manicure/ pedicures.so ask ko po kong maka pag loan ako ng 300.000 for renovation po ng house ko...my plan po ako uuwi sa september...every year po ako umuuwi..thanks alot .
Sim   (20 January 2018 8:03 AM) [Entry]

Personal loan is one way to help augment sudden financial needs. While BPI is a good bank that offer personal loan for OFWs, there are also several banks that provide the same facility. I found a good comparison here :) http://ofwbank.ph/get-quick-cash-with-the-help-of-personal-loan-and-find-out-what-banks-have-to-off er/
jeff juab   (06 September 2017 6:29 PM) [Entry]

hi good day po mam/sir ask ko lang po kung magkano pwede i bank loan pag 1,800 only for my basic salary im from davao del norte plan ko po sana mag bank loan for housing thanks po
joubert pallarca   (25 August 2017 7:52 AM) [Entry]

my salary is 2050sr per month how much is the maximum amount can I apply for a loan
Joules Alexis Sasan   (14 August 2017 11:51 AM) [Entry]

Good day sir/ maam...im a ofw here in saudi arabia...regarding on your ofw loan sir...my basic salary is 2000sr but if we are going to total sir plus my overtime it will reached 4000sr.....and im planning to loan the amount of 400000 pesos...is it possible sir????thank you and God bless
Joules Alexis Sasan   (14 August 2017 11:44 AM) [Entry]

Sir good day, I just want to inquire about the loan regarding ofw..can I avail that one sir...cuz im planning to have my vacation this october 2017....and can I have more info sir....thanks and God bless
Tessie salvan   (07 June 2017 4:38 PM) [Entry]

I want to borrow money fthe amount of 100000 if you can..I want.to pay this within 1 year
Aizza Ortega   (26 May 2017 2:45 PM) [Entry]

Good afternoon madam/sir
I'm ofw for almost 5 years now I just have my vacation this may until 10th of June I want to inquire about the OFW Loan and how many days is to be process???
Rasol   (21 May 2017 1:20 PM) [Entry]

I am in Saudi Arabia working in Consulting firm. I just want to inquire if I can avail a OFW personal loan without my presence. My wife is the one who will process with all the requirements needed with my signature?

Thanks for replying.

Rasol, Riyadh, KSA
ariel a din   (13 May 2017 2:48 PM) [Entry]

Nagtatrabaho ako sa saudi Arabia...pwedi po bang mag loan w/out my presence..
Jerry b. Dalafu   (01 March 2017 6:21 AM) [Entry]

Hello madam/sir. I would like to apply for an ofw loan but I am still here working in taiwan. Is there any other way so that I can avail personal or ofw loan?
jhun hilario   (31 January 2017 0:40 AM) [Entry]

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
Ria   (28 December 2016 9:09 PM) [Entry]

I ask if im qualified to apply ofw loan im here in saudia arabia but my daughter whos the one to process there in phil.thank u
Jonalyn Bacor   (16 December 2016 5:06 AM) [Entry]

I need help and somone whon can assist me. I want to loan im ofw. Anybody can help me pls
jerson enriquez   (07 December 2016 5:41 PM) [Entry]

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!
Andrelyn robles   (15 November 2016 5:59 PM) [Entry]

Hello po im ofw from uae, gusto ko sana mag-loan pwede po ba yung sister ko magprocess ng document send ko sa kanya, by next year po kasi ung bakasyon ko
Michael Climacosa Baquillas   (07 November 2016 10:52 PM) [Entry]

Dear sir/madam,

I'm OFW from K.S.A.!I want to avail to loan.

relien cabel   (04 November 2016 10:20 PM) [Entry]

hello po gandang araw gusto ko po mag personal loan ofw dito s saudia arabia mg vacation po ako ngayong december 2016
Vanessa R. Hernando   (23 October 2016 12:52 PM) [Entry]

Hello. Good day..i want to apply personal loan. I am here in taiwan as caretaker. How can i apply even i'm outside the philippines?
Thank you
Janette Lacayanga   (11 October 2016 3:27 PM) [Entry]

Dear Sir/ Madam,

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?
marivic Taganas   (09 October 2016 3:31 AM) [Entry]

Hello good day... paano ba mag submit nang requirements para sa ofw loan kahit nandito pa ako sa ibang bansa...
sihn   (01 October 2016 2:36 PM) [Entry]


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.

Thanks and Godbless
MICHAEL P.VILLAFLORES   (21 September 2016 1:21 PM) [Entry]

Dear Sir/Mam,

Nabasa ko sa website ng BPI ang OFW personal loan at ako ay andito sa oman pwedi bang ma process ang apply loan ko at pag uwi nalang ako mag sign ng mga documents na dapat kung isigned?
Thank you.
ayleen caseres   (29 August 2016 10:34 PM) [Entry]

iam ofw im working beautician in oman i want to loan if you are given how to procced to make it loa
Mr. Gilberto Ronquillo   (19 August 2016 11:11 AM) [Entry]

hello sir,
i have been taught in Thailand for 12 years, i have my contract of employment, work permit and a visa. is it possible to apply a personal loan even i am out of the country? thanks
Catherine Cole badudao   (04 August 2016 9:50 PM) [Entry]

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.
Rosario Dela Cruz   (26 July 2016 9:03 AM) [Entry]

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
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