Providing easy access to credit for non-bankable entrepreneurs
Oversees contract workers (OCW)
We offer financing from PHP 5,000 up to PHP 300,000! We provide working capital to micro-entrepreneurs with one year business experience.
Frequently Asked Questions
What is an Overseas Contract Workers (OCW) Loan?
These are financial solutions designed specifically for Overseas Filipino Workers. They enable them to address various needs back home in the Philippines while working abroad. They can be used for personal expenses, investments, housing, education, emergencies, and more!
How can I apply for an OCW Loan?
Kindly contact us (036) 520-7185 or visit our office at 2502 Burgos Street Ilawod, Roxas City, Capiz.
What are the eligibility criteria for an OCW Loan?
On board seafarer
How much money can I borrow with an OCW Loan?
Maximum of 80% of allotment.
What is the interest rate for OCW Loans?
31% per annum
What is the loan repayment term for OCW Loans?
Monthly mode of Payment
Do I need collateral to get an OCW Loan?
ATM of allotment and for 100,000 above secured PDC.
What is the application process like, and how long does it take to get a decision?
3 to 5 days upon submission of complete documents.
Are there penalties for early repayment of OCW Loans?
No!
Is there support or guidance available for managing my finances while working overseas?
None
Can I apply for multiple OCW Loans?
No!
Is there a limit on how many OCW Loans I can receive?
Only one account should be active.
How do I contact your organization for more information or assistance regarding OCW Loans?
Just visit the nearest branches we have.
