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Balikbayad - description of the lender

Loan amount

20000 - 500000 ₱

Loan term

6 - 18 months

Balikbayad - description of the lender

Company

Balikbayad is a loan facility catered towards the needs of Overseas Filipino Workers (OFWs). They understand that there are costs involved in securing an overseas job. They are here to help the ones who have secured a job abroad and needs financial assistance. Borrow as much as 2x your salary.

Representative example

Loan amount: 20000 ₱, Loan Term: 6 months, Monthly payment: 4747 ₱, Total amount repayable: 28482 ₱, APR: 69 %

Requirements

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.

  • Your Co-Maker needs to be your spouse (husband or wife) or directly related to you (father, mother, or sibling). Ideally your Co-maker is the person who receives your remittances here in the Philippines.

    Documents

    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
  • 2 government-issued valid ID;
  • Proof of relationship (birth certificate if single; marriage certificate if married);
  • Electric Bill (latest + proof pf residence if not in own name).
  • Office hours

    Mon-Fri 8am-7pm
    Sat 9am-2pm

    Address

    1347 Adriatico Street, Ermita Manila

    Additional information

    Phone number:
    +63 2 310 1535
    +63 977 690 1346 (Globe)
    +63 918 601 2352 (Smart)

    Email address: info@balikbayad.ph

    Other offers

    Minimum loan amount

    20000 ₱

    Maximum loan amount

    500000 ₱

    Minimum loan term

    6 months

    Maximum loan term

    18 months

    Max. APR

    69 %

    Minimum age

    18 years

    14

    Loans designed for Overseas Filipino Workers (OFWs)
    Representative example: Loan amount: 20000 ₱, Loan Term: 6 months, Monthly payment: 4747 ₱, Total amount repayable: 28482 ₱, APR: 69 %
    NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.

    Minimum loan amount

    10000 ₱

    Maximum loan amount

    90% of the deposit account balance

    Minimum loan term

    6 months

    Maximum loan term

    36 months

    APR

    17.06 - 41.71 %

    Minimum age

    21 years

    15

    Representative example: Loan amount: 10000 ₱, Loan Term: 12 months, APR: 26.63 %
    NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.

    Minimum loan amount

    10000 ₱

    Maximum loan amount

    200000 ₱

    Minimum loan term

    3 months

    Maximum loan term

    12 months

    APR

    36 - 81.23 %

    Minimum age

    18 years

    12

    Representative example: Loan amount: 10000 ₱, Loan Term: 12 months, Monthly payment: 1133,33 ₱, Total amount repayable: 13599,96 ₱, APR: 36 %
    NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.

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