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Balikbayad - description of the lender

Loan amount

20000 - 500000 ₱

Loan term

6 - 18 months

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
    Loan granting
    Excellent
    Online application
    Apply now balikbayad.ph
    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.
    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
    Loan granting
    Excellent
    Online application
    Apply now bdo.com.ph
    Requirements:
    • - Filipino citizen or foreigner residing in the Philippines for more than two years;
    • - Must be 21 years old at time of application but no more than 70 years old upon maturity;
    • - Minimum Gross Annual income: P120,000 for Salaried Employees, P400,000 for Self-Employed / Professionals;
    • - Must have a mobile phone and at least 1 landline phone at either residence or office;
    • - Residence or office must be within BDO serviceable area.
    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
    Max. APR
    36 - 81.23 %
    Minimum age
    18 years
    Loan granting
    Excellent
    Online application
    Apply now fundko.com
    Requirements:
    • - Stable source of income;
    • - Your debt obligations do not exceed 20% of your monthly gross income.
    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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