OFW Loan Pricing Comparison and Calculator

For landbased Overseas Filipino Workers (OFW), have a look at the loan comparison chart we put together from information we gathered from different private lending companies. This table serves as a calculator for various loan amounts. It shows how much your monthly payment would be for 6 months and no grace period given the loan amount. We use the net pay out amount, after any up-front fees deducted to make the numbers comparable. Wherever possible, we use mystery shopping and actual amortization tables shared by customers:

Asialink / Finaswide Balikbayad PJH Zazu 123 Lending
30,000 7,822.50 6,779.17 8,454.44 7,317.15 6,952.80
50,000 13,037.50 11,345.83 14,090.91 12,195.25 11,588.00
70,000 18,252.50 15,912.50 19,727.27 17,073.35 16,223.20
100,000 26,075.00 22,762.50 28,181.82 24,390.50 23,176.00
120,000 31,290.00 27,329.17 33,817.76 29,268.60 27,811.20
150,000 39,112.50 34,179.17 42,272.20 36,585.75 34,764.00
180,000 46,935.00 41,029.17 50,726.64 43,902.90 41,716.80
200,000 52,150.00 45,595.83 56,362.93 48,781.00 46,352.00

For seaman loans, please click here.

If you are a returning OFW and need the loan for business purposes, you could also consider an OWWA Loan.

Seaman Loan Pricing Comparison and Calculator

For Seaman, have a look at the loan comparison chart we put together from information we gathered from different private lending companies. This table serves as a calculator that shows how much your monthly payment would be for 6 months and no grace period given the loan amount. We use the net pay out amount, after any up-front fees deducted to make the numbers comparable. Wherever possible, we use mystery shopping and actual amortization tables shared by customers:

Asialink /
Finaswide
Balikbayad Global
Dominion
PJH
30,000 6,584.02 6,466.84 6,716.40 6,608.27
50,000 10,936.95 10,825.29 11,147.35 11,013.79
70,000 15,289.80 15,183.73 15,578.31 15,419.31
100,000 21,819.26 21,721.40 22,224.73 22,027.58
120,000 26,172.32 26,079.85 27,109.82 26,433.10
150,000 32,701.82 32,617.52 33,887.27 33,041.37
180,000 39,231.33 39,155.19 40,664.73 39,649.65
200,000 43,584.26 43,513.64 45,183.03 44,055.17

For OFW loans, please click here.

If you are a returning OFW and need the loan for business purposes, you could also consider an OWWA Loan.

Requirements Comparison Chart of Lending Companies

Hi kababayan! Do you want to know the requirements in applying for an OFW or Seaman loan? Check below for the requirements of each lending company.

Legend:          ✓ – required          x – not required

 

Borrower’s Requirements:

Asialink Balikbayad MLC PJH Zazu 123 Lending
2×2 picture 3 pcs x 2 pcs 2 pcs 2 pcs 3 pcs
Valid IDs* 2 pcs 1 pc 2 pcs 2 pcs 2 pcs 2 pcs
Valid Passport
Proof of billing**
Barangay Clearance** x
Official Employment
Contract***
Valid visa to the
country of deployment
Valid Plane Ticket
Birth/ Marriage
Certificate of Borrower
x
Overseas Employment
Certificate (OEC)

*Government issued; signed by borrower

**Most recent and contains borrower’s name and residence address

***Must bear the signature of both the employer and employee; must show the salary, allowances, contract duration and country of destination

For Seaman, in addition to the requirements above, lending companies also require seaman’s book, seaman’s registration certificate and an allotment certificate.

 

Co-maker’s Requirements:

Asialink Balikbayad MLC PJH Zazu 123 Lending
2×2 picture 3 pcs x 2 pcs 2 pcs 2 pcs 3 pcs
Valid IDs* 2 pcs 1 pc 2 pcs 2 pcs 2 pcs 2 pcs
Proof of billing**
Barangay Clearance** x x
Sketch of Residence
Proof of income x x x
Birth/ Marriage Certificate
Cedula x x x
Owning Residence x

*Government issued; signed by co-maker

**Most recent and contains borrower’s name and residence address

 

Note: If there is any wrong information, please send us a message and we’ll try to correct it immediately

Features Comparison Chart of Lending Companies

Do you have questions such as what is the maximum amount you can loan, or how long the loan terms offered by lending companies are? You have definitely come to the right place to find answers to these simple questions and other features that lending companies offer.

Features Asialink Balikbayad PJH Zazu 123
Lending
Minimum Salary Php 17,000 Php 20,000 Php 20,000 Php 20,000 Php 20,000
Minimum Loan Amount Php 15,000 Php 20,000 Php 25,000 Php 20,000 Php 20,000
Maximum Loan Amount 2x of salary 2x of salary 2x of salary 2x of salary 2x of salary
Term (months) 6 to 12 6 to 18 3 to 12 6 to 18 6 to 12
Processing Time (days) 1 1 1 1 1
Full Amount on Net Proceeds No Yes No No Yes
Maintaining Balance for Checking Account Deducted from loan Paid by Balikbayad Deducted from loan Deducted from loan Deducted from loan
Co-makers 2 if above P150,000 1 2 if above P100,000 2 if above P100,000 2 if above P100,000