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 andย need the loan for business purposes, you could also consider an OWWA Loan.

33 thoughts on “OFW Loan Pricing Comparison and Calculator”

      1. Hello Evelyn! The loan amount to be granted will depend on several factors po. Tinitignan ni lender kung magkano ang kinikita ninyo buwan-buwan, kung mayroon kayong mga assets na maaaring magamit bilang collateral, at ang kakayahan magbayad. Depende po ito per lender.

  1. Good day my sister working in jeddah she want to apply loan can she loan even shes working in jeddah?Thanks

    1. Hi Sapia, that depends on the lending company. Suggest you visit their websites and send an inquiry directly.

    1. Hi Paps, that should be somewhere between 30k and 35k in monthly installment. Please contact the lending company of your choice directly for an exact computation.

    1. Hi Terry, you will need to apply with the lending companies directly.
      Please follow the links to learn how to apply.

  2. Hi Pjh! Can u pls give me a calculation for 100k for 12 & 18 mos. And my partner is in riyadhcan he apply at pjh? Thank you!

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    1. Hi Ramonito! Interest rate is at 7.5%, so that’s 50,000 x 7.5% every month ๐Ÿ™‚ We’re not sure though if this is the equation followed for the computation of interest payment ๐Ÿ™‚

  4. Hi, I’m in ofw from KSA with professional category job. As a member of OWWA, is it possible that a loan can be granted, say max. cap 2M, to be used not to start a new business but to be used as investment capital in a well established company inclined in agricultural business??

    1. Hi Adrian! The approved amount will depend on your collateral, capacity to pay as evidenced by your income, and credit history among others. Ideally, the OWWA Loan is for business purposes and we’re not sure if OWWA/LandBank will approve the purpose of “investment capital.”

  5. Hi po..
    Ex ofw po ako..2016 ako umuwi ng pinas.
    May maliit po ako negosyo..nais ko po sana madagdagan..makakapagloan po ba ako kahit walang collateral at walang co maker? May dti at business permit po ako..nagreremit po ako sa pag ibig ng 600 pesos per month..pwede ko po bang gamitin ang loan ko thru pag ibig?
    Salamat po

    1. Hi Florinda! You may check with PAG-IBIG if they offer business loans for members. OWWA Loan is specifically for OFWs with existing employment contract.

  6. Gud am..pwede po b kong mg loan..mg end contrct n po kc aqo..pra png business nlng sana d n umalis ng pinas..and im single parent wala n din mg aasikaso s mga anak ko sana mttnda n parents ko sana mka pgloan aqo tnx po

    1. Hi Sandra. You may contact your preferred lender po and inquire about the requirements. Make sure that you submit all documents para mapabilis ang pag-proseso ng inyong application. Salamat!

  7. Hi po. We had a loan last year in Asialink for the terms 6 months to pay. But we finished the loan for only 3 months to pay. Why we have to pay the whole amount for terms 6 months including interest and penalties .

    1. Hi. This will be evaluated po based on the documents you submitted. There is no assurance that the agency will approve the amount you prefer. Salamat.

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