Prepare These Requirements When You Apply for OWWA Loan

The OWWA Loan facility provides a promising venue for Overseas Filipino Workers to start a new life and provide a sustainable future for their families without leaving the country. Apparently, there are requirements you need to comply with to make sure your application for OWWA Loan is approved.Β Here is a detailed list of requirements you need to submit if you are anΒ INDIVIDUAL BORROWER:

  • Proof that you are a bona fide OWWA member.
  • Proof of OWWA contribution such as POEA-attested employment certificate, your passport with POEA-LAC stamp, E-card, or OWWA Information Sheet.
  • Business Plan or Feasibility Study of your proposed business. Take note that your business must be among the eligible projects allowed by OWWA.
  • Two (2) valid IDs with signature.
  • Barangay Certification as proof of residency based on your given address.
  • Proof of billing address.
  • Sketch of your place of residence.
  • Income Tax Return (ITR) for at least three years.
  • Statement of Assets and Liabilities.
  • Mayor’s Permit where the business is/will be located.
  • Marriage Certificate for married borrowers or Birth Certificate for single availee.
  • Collateral / Security documents, whether real estate or chattel mortgage.
  • If the business is already existing: BIR-filed financial statements for at least three years, latest interim financial statements, and Certificate of Registration with the Department of Trade and Industry (DTI).

You must also complete the Enterprise Development Training, which will be discussed further in a separate post.

The OWWA also allows GROUP BORROWERSΒ such as cooperatives, partnerships, associations, or corporations to avail of this loan facility. If you are borrowing as a group, here are the requirements you need to submit:

  • Proof of OWWA contribution, at least that of the officers.
  • Business Plan or Feasibility study of the proposed business.
  • Security / Collateral documents, which will be discussed further below.
  • Board or Partnership Resolution signifying intent to undertake or expand a business / project with the help of OWWA loan facility.

For Corporations:Β 

  • Proof of Registration with the Securities and Exchange Commission (SEC)
  • Articles of Incorporation
  • Ratified By-Laws

For Partnerships:

  • Proof of Registration with the Securities and Exchange Commission (SEC)
  • Mutually Agreed Terms

For Cooperatives

  • Proof of Cooperative Development Authority
  • Articles of Incorporation

For Associations

  • Proof of Registration with Department of Labor and Employment
  • Constitution
  • By-Laws

Keep in mind that the Loan Security or Collateral shall be any of the following:

  • Torrens Certificate Title (TCT) Condominium Certificate of Title (CCT), Tax Declaration, and other pertinent documents related to planned mortgageable assets.
  • OR/CR for Chattel Mortgage
  • Lease Rental Contract
  • Receivables
  • Other contract agreements related to the execution of Deed of Assignment or Purchase Order.

It is imperative that you comply with all the requirements so that your loan application will be processed as soon as possible. This way, processing of the loan and release of funds will be faster, thereby allowing you to start sooner in your business venture.

181 thoughts on “Prepare These Requirements When You Apply for OWWA Loan”

  1. hello po kung ngyon plng po ako mg open ng mini mgkno pb puwd ko ma loan…sna po mk loan ako ngyon june pauwi po ako nf pnas…slmt po…

    1. Hello Josefina,

      Maaari po kayong ma-grant ng OWWA mula P100,000 hanggang P2million, depende po sa negosyo na nais niyong itayo, security/collateral na inyong mao-offer, at sa inyong kapasidad na magbayad. Pwede kayong pumunta sa pinakamalapit na OWWA Regional Office sa inyong lugar para po mas matulungan nila kayo sa pagpapatayo ng mini grocery. Salamat.

      1. hello po nagstart n po ako s business kaso nagshort s puhunan mga 3months over n ang operation.Trader po ako ng duck eggs mula nueva ecija via to DVO.ty

          1. Hi Ms Aisha,
            Magandang araw po gusto ko po magtanung kong puyde po ba ang magulang ko magloan andito kami mag asawa sa qatar at sya nag aalaga ng anak namin..para sana magkaruon sya ng hanapbuhay itoy makakatulong sa amin na guminhawa as an ofw..pls email me how …were in eastern samar ang malapit po na owwa is tacloban city/.

          2. Good Day !!

            Hi My name is pratty from cebu. My boyfriend is going back this month from Jedah because he was terminated for some reasons. He stayed there for a year. He doenst know how to start again at this downfall of his life. What is the first thing we do so taht we can avail the service the OWWA is offering to all exOFWs…..

            I will be happy if you answer my concern

            Thank you so much and God bless!!

        1. Hello Jeodelyn. Ikinalulungkot namin ipaalam na hindi ito magiging posible. Kung plano ninyo mag-avail ng OWWA Loan, kinakailangan na mag-attend kayo ng Enterprise Development Training (schedule depends on OWWA), which is usually for three days. Kapag natapos ang training, saka pa lamang kayo makakasubmit ng requirements. Landbank needs 40 days to evaluate your loan application and dun pa lamang malalaman kung approved or not. Maaari kayo sumubok ng private lenders since mas napapabilis nila ang proseso kumpara sa OWWA. You can compare loans here –

        1. Hello Jonathan. In that case, OWWA might not accept it since may existing mortgage na po sa bahay at sasakyan. We’re not sure lang po if they will allow that. Thanks!

      2. Hi pwede ba maka business loan na walang collateral? May existing business na po ako kaso hinanapan man ako ng collateral sa owwa.

        1. Hi Louel! Collateral is required since OWWA loan is a collateral loan. You can present assets under your name such as deposit accounts. Pwede din ang accounts receivables with customers to prove that the business does exist and may receivables kayo.

          1. Hi poh pwd poh ba ako mka avail ng loan. 4yrs poh ako s hongkong at plan ko poh mag avail ng loan. Pwd poh ba aqo mka avail kahit hindi poh aqo active sa contribution?

      3. Hello po.paano po kong wala akong kahit anong property na pwede kong hmgamiting collateral pero ofw ako posible po ba akong mkapg loan?

        1. Hi Rowena. Maaari po kayo mag-apply with a co-maker. Ang co-maker, preferably may capacity to pay, ang tutulong na ma-secure ang inyong loan application. Salamat.

        1. Hello Ronnell. The OWWA loan is for business purposes only. Maaari po ninyong tignan ang PAG-IBIG for housing loan. Salamat.

    2. hi! ask ko lang po if ano po pwedeng maicolateral?kasi wala po akong pwedeng maicolateral pero ofw po ako…gusto ko po sana magloan para for grocery store…may maadvise po ba kau sakin?

    3. hello po ask ko lng po kng pwde napo b ako mk loan 8 yrs. napo able seaman onboard po ako now davao- japan route. planning 2 bought a used or 2ndhanded car 4 my business? frm davao city..

      1. Hi Ronald. What type of business? What is the purpose of the car as well? You might want to try applying for a car loan instead of OWWA Loan since this is more appropriate.

    1. Hi Owwa,

      10 yrs mayhigit na po akong ofw. so sure po ako na member ng owwa dhil hindi ako makakabalik if d magbayad owwa fee, tama po ba? gusto ko po sana magavail ng ofw business loan wla po ako g negosyo now at balak ko magtayo po ng food car business particularly andoks take out counter. Nasa Dubai po ako now. pwde po ba ako makapagavail ng ofw loan kahit wla pakong existing business kase po ung requirements nyo at business permit dti at dtr which wla pa po kase nga po magsisimula palamang if. aapproved nyo. isa pa po wla po ako pang collateral pra banko.

      Sana po matulungan nyo po ako makapagsimula pra po makauwi na din po ako at sa Pinas na magnegsoyo kasma ng pamilya ko.

      1. Hi Kingson, pwede po kayo mag-apply ng OWWA loan for your planned food cart business. Yung business permit at DTI registration, required po yun at ia-apply niyo po para maging lehitimo ang business. Kung wala naman po pang-collateral, maaari po kayo mag-apply with a co-maker. Siya po ang tutulong na magarantiya ang loan niyo. Salamat.

        1. Sino po pwede maging co maker? Paano kung wala din work ang mother at mga kapatid? Ako po Bread winner, gusto ko na po sa Pinas na lng. Ano po kailangan sa co maker? Thanks

  2. Good day mam/sir..seafaree po ako.. gusto ko sana pgapply ngloan mallit po ako ng store sa palengke didto sa amin gusto sana mgkaron ng dadag puhunan. Gusto sana mgaaply sa owwa loan kaso wala po akong ari arian ng maicocollateral..sana mtulongan nyo po ako

    1. Pwede siguro yung goods as collateral. Mas maganda po na lumapit sa nearest OWWA office sa inyong lugar para masiguro kung ano ang maaaring magamit bilang collateral.

    1. Depende sa insurance policy. Meron kasing policies na may restrictions, ibig sabihin hindi transferrable or hindi pwede gawin collateral.

  3. Paanu nman yong uuwi tulad ko dahil nawalan na ng trabaho dito sa abroad at magsisimula ng negosyo dyan pero walang pang collateral. Eh hindi ka rin pla mkapag loan. Useless din pala benefits nila sa aming mga ofw

    1. I have a project plan for my project but I have an about the ITR for at least 3 years. Seafarers doesn’t have this kind of entitlement to pay, how can we avail this? About collateral, what are the those kinds of collateral do we have to present, seems these requirements are really a hard time for us seafareres to avail, but it’s so easy for your establishment to make us pay our obligations to you, OWWA. Please give hope, especially, I have some health problem to work again as an entertainer….

  4. Hello po. Inquire lang po ko if ano yung pwedeng loan sa OWWA if walang pang-collateral? Ex OFW po ako kadarating lang last March. Hoping po sa reply and advise niyo. Maraming salamat.

    1. Kailangan po ng collateral. The best solution is magkaroon po kayo ng co-maker para maaprubahan ang loan.

  5. hi po good day paano po kung wala akong mai collateral?
    ofw po ako at gusto ko sana dyan nlng sa pinas mag bussiness kahit small bussiness. thnks

    1. Kailangan po ng may collateral. Maaari din kayong magkaroon ng co-maker na makakatulong na magarantiya ng loan.

      1. Hi maam ask kulang po. Sa co maker po Pwedi po bang ang magamit ko na collateral is sa tita ko for example po is land tittle?

        1. Hi Sandra. Ang tita mo ang magiging co-maker dahil siya po ang may-ari ng lupa na gagamitin bilang collateral. Ibig sabihin din nito, ang tita mo ang maaaring singilin ng bangko or lender kung hindi ka makakapagbayad ng iyong loan on time.

  6. Hi po paano po kung wala akong Income Tax Return at gusto naming mag asawa kumuha ng sasakyan pang GRAB ano pong kailangang gawin at ako po ay kakabalik lamang dito sa work location ko.
    Pakiadvise po

  7. How to apply loan gamitin ko papuntang hongkong but as of now dto pa ako kuwait 2 months more to go uwi na ako.

  8. Good day, Ms. Aisha,
    I am Landair, daughter of an OFW working for 19 years now. He is still active and currently situated in Turkmenistan. We wish to avail the OWWA loan to assist us in our financial situation. Because my father is in Turkmenistan right now, my mother and I will be the ones to apply for the loan.
    I just want to inquire if there is a schedule for the EDT seminars, how we will be able to acquire the schedule, what are the requirements needed to join the seminar and whether there is an entrance fee or any monetary fee for participation in the EDT. It will help me a lot if you can send the answer to my e-mail [email protected] but if it is too much trouble, I will check the site again. My only problem is that it isn’t very easy to acquire internet access in our place so if I can trouble you with the e-mail, I will be really thankful.
    Have a nice day and God bless.

  9. Hello po ask lng po pano ung tulad q na ang file is vac lng pro wla na balak bumalik dto, guzto na magbuznezz za pinaz az in wla na balak bumalik za zaudi. makakaloan din ba za owwa po tulad q po? anu nman po ang requirmentz po if ever po at pwd din ba maging co maker ang wife naza ibang banza din po tnx

    Best regard po

  10. ibig po sabihin nyan ung walng asset at pwede macolateral hinde po makapgloan di po nga kaya ka magloan eh para makapgsimula ka.
    planing to go this coming 2018
    wala ako sapat n ipon kaya balak ko lumapit sa owwa kung yan po requirements n dalawa wala ako mabigay means po hinde magrant ung loan ko kung sakali po.salamat po

    1. Hi Mhira. You can apply with a co-borrower na maaaring tumulong to secure to loan. Ang co-borrower can be your parents, relatives, or kahit kaibigan.

        1. Hi. Hindi po maaaring magamit ang OWWA Loan sa pagpapatayo ng bahay. Maaari ninyong tignan ang Housing Loan na ino-offer ng PAG-IBIG o SSS. Salamat.

  11. Hello po. Ilang katanungan lamang po. Ofw din po ako at nais mag avail ng loan na ito.
    1. Gaano po katagal ang EDT Seminar?
    2. Yung co – maker po ba kailangan ay may ipang collateral din gaya ng land titles or goods like grocery store?
    Salamat po.

    1. EDT is usually 2 days. For the co-maker, mas maigi na mayroon din capacity to pay para ma-assure na mababayaran ang loan.

  12. Hi,
    Magiinquire lang po ako. dati po akong OFW, umuwi po ako nung 2013. nakapagsimula ng isang negosyo. pwede pa po ba akong makapagloan sa for additional working capital at expansion sa business ko? 4 years na po yung business ko.

  13. Good morning po pwede q po b icolateral yung land title ng mother q sa probinsya namin. 66 years old n po and mother ko.gusto ko po lasing magloan para makapagsimula ng negosyo as of now po NASA Qatar AQ.salamt po SNA matulungan niyo po aq

    1. Hi Zhen, pwede naman, but your mother has to sign the loan documents too, since nasa pangalan niya ang gagamitin na collateral for the loan.

  14. Hi. Pano po kung wlang ITR, Assets and Liabilities, wlang pang collateral? Is there’s a chance n makapagloan kpa sa OWWA? Sobrang dami po ng mga requirements na kailngan pero wla po halos ako nyan. Thanks for the response in my concern!

    1. Hello Kristel, maaari ka mag-apply with a co-maker. Ang co-maker ay makakatulong na magarantiya ang iyong loan, pero dapat, siya din ang may kapasidad na makapagbayad kung nagkataon na hindi mabayaran ng ayon sa oras ang loan.

    1. Yes, rent-a-car business is allowed. As to the requirements, you need to fulfill the list specified. We are not sure if there are other requirements needed na related to your business, so it is best to clarify your concern with OWWA.

  15. Hi po..tanong ko lng po kung pwedng mg apply ng loan kung mgfranchise po..gaya po ng mga food cart o for example ung zagu po..pwede po ba un?salamat po

  16. Hi Ms Aisha.Isa po akong OFW. Gusto ko po sanang mag loan sa OWWA pangpatayo ng building ng dental clinic ng asawa ko. Yong tatayoan ng building ay dipa po sa amin, for sale po sya na lupa 48sqm ang area. Pwede po ba na yong lupa na tatayoan ng dental clinic building ang gagawin naming pangcollateral? Kasi pag release ng OWWA loan ay tsaka na babayaran namin yong lot for sale na yon. Pwede po ba yon? Pls reply po….salamat.

    1. Hi Ricardo, OWWA might not accept that since hindi sainyo ang property. Maaari po kayo mag-apply ng loan with a co-maker na makakatulong na mag-garantiya ng loan.

      1. Ok. Pag magloan po ako ng pambili ng sasakyan na van at gagawin ko pong UV express. Pwede po ba yon sa OWWA?

      2. Maam di ba po mapasaamin na yong lupa pag binayaran na namin pag nakuha na po yong loan ng OWWA bale yon na po ang pang collateral with the building. Kasi ang presyo po ng lupa sa tabing highway ay 400k ito po ay 48sqm. lang po ang area.

  17. Ok. Pag magloan po ako ng pambili ng sasakyan na van at gagawin ko pong UV express. Pwede po ba yon sa OWWA?

  18. Ma’am ako po ay isang ex-ofw dumating po ako rito ng taong 2015 mula sa KSA , ngayon ko lamang po kasi nadinig ang programang ito ng OWWA, maaari po ba akong mag-apply sa ngayon po kasi ay hirap pa din po akong makahanap ng magandang trabaho sa pilipinas ngunit ayoko naman na pong umalis pa sa kadahilanang may mga edad na rin ang aking mga magulang.
    Sana po ay matulungan ninyo ako.
    Salamat po.

  19. Good day po. Ask ko lang po kung allowed po ba ng business loan ang dormitory?meron po kasi kaming property ng husband ko na malapit sa isang university. makaka kuha po kaya kami ng maximum loan na P2M para makapag patayo ng dormitory. Thanks po.

    1. The dormitory will do. However, there is no assurance na mabibigyan kayo ng 2M loan since nakadepende din po ang loan amount sa inyong capacity to pay + assets.

  20. mam,

    question po, nagpu put up na ako ng business sa bicol, ang problema ko kinulang ang budget ko dahil sa Ipinagawa kong building para sa pansit factory. naubusan na ako ng pang puhunan at plano ko magapply ng loan sa owwa. anong pwede nyo ma advise sa akin.


  21. Good day ma’am/sir,,,pwede po ba akong mag loan??ex ofw po ako pero unfinished contract po ako,,aug.2016 po ako umuwi kung natapos ko po sana kontrata ko ngaung aug.2017po ako uuwi,,gusto ko po sana na mag loan para sa business na balak ko,, thanks po

    1. Employment contract ang isa sa mga requirements upang makapag-loan sa OWWA. Gayunpaman, maaari niyong subukan ang private lenders since hindi sila mas strikto pagdating sa requirements.

    1. From our understanding, it is you, the borrower who should attend the EDT. Nonetheless, please confirm this with OWWA to be sure. Thanks!

  22. hi po !isa po ako ex ofw may contrata po ako nung umuwi ako last may 20 at di na po ako nkabalik pa uli sa amo ko.. sa ngaun po ayaw ko ng umalis pa matutulungan po ba ako ng owwa para sa maliit na pangkabuhayan? please need ur answer..maari po ba ako mgloan?

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  27. Hi po. Pwede po ba magloan sa OWWA pambayad ng tuition ng estudyante KO kasi gipit po habang di pa nakakabalik? Salamat po…

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  32. Hi Ma’am how about po kung ngayon at umuwi na ako dito sa Pinas at gusto ko po mag loan okay parin po ba?

    1. Hello Marieta. Nag-expire na po ba ang contract ninyo? OWWA Loan requires OFWs with existing employment contract po. Maaari ninyo subukan mag-apply sa mga private lenders since mas madali ang requirements for loan application. Thanks!

  33. Gandang umaga po maam ..ako poy kararting lng nito aug.29 galing dubai at d natapos contract ko. Matagal n po ako ng ofw.since 1998..gsto k po sana makapg loan maam kahit pangdagdag pagkakitaaan my isa po ako anak at ako lamng inaasahn s pamilya….paanu ho ako makka avail ng loan ….sana po matugunan nyo po katanungan ko

  34. Hi
    If the purpose to avail of loan is to purchase agricultural assets like kobuta harvester amounting to 1.5M. It can generate revenue. Can i avail of OFW loan? Do I need to register this with DTI, since it will be used for business purpose?

    How do I schedule for the enterprise training?

    Need help

    1. Hi Poni. The OFW Loan is intended for OFWs with existing employment contract. You need to be one first in order to qualify. Also, the business must be registered first with DTI (sole prop) or SEC (corporation). Lastly, the purchase of agricultural assets which is intended specifically for the business may be allowed, although it is best to confirm this with OWWA themselves. Thanks!

  35. Hi ms Aisha,

    Good day. OFW ako and ilang years na din ako indi nakakauwi ng pilipinas (5 years to be exact). Ngayon mag-iinquire sana ako regarding sa business loan ng owwa. Pero bago un eh ask ko lng kung ung indi ko pag uwi jan sa pinas ang ang last time na nagbayad ako ng owwa membership ko eh last 2012 pa, makakaavail ba ako ng business loan?And2 nga pala ako sa Riyadh, Saudi. And regarding sa collateral same sa iba wala akong maicocolateral sa business loan. Any other method para ma-grant ang loan ko?Gus2 ko sana kasi magtayo ng computershop pag uwi ko jan sa pinas this coming January 2018 pero balik pa din ako d2 ipapabantay ko sya sa kapatid ko na exOFW kasi wala na din syang ibang makukuhanan ng pang araw araw na budget.

    looking forward to your response.

    Thank you.

    1. Hi Ronaldo. Isa po sa mga requirements ay “active member” ng OWWA, na ibig sabihin ay dapat updated ang contributions. Maaari naman pong hulugan ito para maging updated ang contributions at makapag-apply kayo ng OWWA Loan. Regarding collateral, you can apply with a co-maker upang makatulong na ma-grant ang inyong loan. Salamat!

  36. Helo po Ms Aisha Anigan isa po ako ofw sa Saudi,pwede po ba ako mag loan sa owwa? Meron po ako itikan 600 pises gusto ko Sana dag dagan,kc masamang kapalaran ko dto,pauwina ako sa pinas ,hindi binigay ang pera ko,kaya pwede po ba ako mag loan parasa ganyang business?

    1. Hello Yetskie. Ikinalulungkot po namin ang nangyari sainyo. Maaari po tumulong ang OWWA upang makapagsimula kayo ng negosyo, ngunit mayroon pong proseso na sinusunod. Kailangan niyo po umattend ng training at bukod pa doon, dapat ay lehitimo ang negosyo (business permit, etc). Maaari po kayong sumubok ng ibang lender na hindi OWWA upang mas mapabilis ang proseso at makapag-simula na kayo sa negosyo.

  37. Hi Ms Aisha!
    My dad was a seaman for the past 20 yrs. He went home last May 2017 and might not be able to get a new contract again due to his age. Is he still qualified to apply for OWWA’s loan? Or other loans for Seamen?

    Thanks so much in advance! Your page is really helpful. More power to you πŸ™‚

    1. Hello there. Your father could try applying for OWWA Loan in case he is not yet more than 60 years old. He needs to attend the Enterprise Development Training (EDT) first since this is the first step when applying for OWWA Loan.

  38. Hi Aisha Anigan,
    OFW here for more than 6 years, I have question, l’m planning to build a two doors apartment for business using OWWA business loan, I have an existing lot within the City, does the interest rate of OWWA for OFW is lower than compared to other govt. agencies or banks ?
    Thank You,

    1. Hello Jerry, OWWA offers lower interest rate for OFWs compared to banks πŸ™‚ This helps OFWs more able to start a more stable life in the Philippines without much financial burden πŸ™‚

  39. Hi po… May mga tanong po ako… OFW po ako for 3 years,, last exit ko is 2009. Gusto kong mag apply ng loan for cake business.. Since wla pa akong shop, wla pang business permit , na one of your requirements, pano po yan? hndi ba maka loan kung wlang business permit? magkano po ba nag interest? monthly po ba yan babayran? thx for replying.

    1. Hi Aimee. OWWA is strict with the requirements, which is why we recommend that you comply with it to process your loan application. Any lacking requirements (kahit isa lang po ang kulang) could lead to rejection of your loan application. Interest rate is at 7.5 percent per annum and requires monthly amortization.

  40. Hello sir /ma’am..gusto ko po mag loan sa pag uwi ko ngayong November Kasi Plano namen mag asawa bumili Ng lupa at bahay kaso hinde po sapat ang pera name para maka Bali Ng lupa at bahay mag loloan po sana ano Ng 200000 pang dagdag sa pang bili Ng lupa at bahay Wala po aKong collateral pwede PO ba akong mag loan salamat po

    1. Hello Agustin. ANg OWWA Loan ay para lang po for business purposes at wala ng iba. Ibig sabihin, hindi maaaring gamitin ang OWWA Loan pambili ng bahay at lupa, lalo kung hindi naman pang-negosyo. Maaari ninyo subukan ang ibang government agencies gaya ng SSS at PAG-IBIG na mayroon housing loan facilities for OFWs.

  41. mahigit 12 years napo ako ng ofw, gusto kupo sana mag avail para sa plan business ko kaso ang daming requirements ang hinahanap. lalo na collateral akala ko inalis na ang collateral ng duterte admin.

    Thanks po

    1. Hi Rio. Naiintindihan namin ang inyong concern. SUbalit ang collateral ay kailangan upang masiguro na mababayaran ang loan anuman ang mangyari. Still, hindi ibig sabihin na wala kang lupa ay hindi ka na maaaring humiram sa OWWA. You can apply with a co-maker or use deposits para maka-avail ng loan. Thanks!

  42. Hi Po,

    I am going back to Philippines next year. Gusto ko pong mag avail nang OWWA loan. Kailangan po ba talaga ang ITR? Wala po kasi akong ITR since I never filed ITR nor had any income in the Philippines before.
    Can I be exempted sa ITR ?

    1. Hello Jean. No one can be exempted from ITR. As long as you are earning, you will be required to submit this. Since you are working abroad, you can ask your employer regarding your income tax return since they are the one filing it on your behalf. This will serve as your ITR πŸ™‚ Hope this cleared things up.

  43. Dear OWWA,

    May grocery po ako sa palengke at gusto kong dagdagan pa ang puhunan ko. Pupwede po ba akong makapagloan kahit may loan din po ako sa pag-ibig? Thankz!

    1. Hello Ronaldo. PAG-IBIG and OWWA are two different entities, so yes, pwede po kayo mag-loan sa OWWA. Please take note of the requirements needed by OWWA to process your loan application and don’t forget to ask OWWA Office near you regarding the available schedules for Enterprise Development Training.

  44. Good day po!

    Tanong ko lang sana if pwede po ba collateral yong land title na nakapanagalan sa mother ko? wala pa kasi akong property na nasa name ko para pang collateral, OFW from UAE.

    1. Hello Cris! That would be possible po, although your mother could be asked to sign the mortgage documents as well since siya ang owner ng collateral πŸ™‚

  45. My husband & I are OFW. We’re planning to venture into business. May i know how much is the interest rate per annum for example the loanable amount is 500k. Thank you.

    1. Hi David. Unfortunately, OWWA Loan is intended for business purposes only and not renovation or repair of home. We suggest that you try PAG-IBIG or SSS’ home loan programs since this facility will cater more according to your needs. You can learn more about their Home Loans below:

      1. Hello owwa,
        Ask ko lang poh sana panu poh kung wla maiccolateral ofw poh ako nsa pinas ngun gusto ko poh sana magloan pra mkapagpatayo ng business dto..
        Slamat poh..

        1. Hi Maan! You can present other documents that will show your assets like bank deposits. You can also apply with a co-maker, who is a person in good credit standing πŸ™‚

  46. Hello po! Ask ko lng po xofw po ako. Pede po ba magloan? Dun sa requirements pano po pag wala akong proof of billing? Kc una po nagrerent lng po kmi ng bahay hindi po nakapangalan sakin ung bills.gusto ko po magloan para pangtayu po ng negosyo.

    1. Hi Scherman! Kadalasan po sa OWWA Loan ay para po sa mga OFWs na may existing employment contract. Isa din po kasi ito sa mga requirements na kailangan i-submit kapag nag-apply na kayo ng loan.

  47. Hi.. Pwede ko po bang gawing collateral ang deed of sale sa lupa na nabili ko ksi hndi pa na transfer ang title ng lupa under my name.
    Salamat po.

    1. Hi Angge! As a rule, dapat po nakapangalan sainyo ang i-ooffer na collateral since kayo po ang principal borrower. Even if there is a deed of sale, it won’t serve as a guarantee unless may title na po kayo na pinanghahawakan. This title will be surrendered to the bank since sila po ang lender at tatatakan po ang title, indicating na naka-mortgage ang property kay Landbank (partner bank of OWWA).

  48. Hi owwa, pano po ba masasabi na owwa member pa kami dumating po kami sa pinas noong Feb 2016 as tfw di na po nakablik pwede pa po ba makaloan para makapagpatayu ng business kasi medyo hirap na dito Sa Pinas. Please advice us ano po gagawin nmin

  49. Good Day,
    I am OFW here in Kenya, my house is in Mindanao, however, I am planning to transfer in Cavite City by June this year as my son is going to study there.

    I’m planning to have a car loan which I want to join in transport service. However, I don’t have own house yet in Cavite which I strongly believed that car loan through bank financing would not be approved.

    Can OWWA assist me to avail car loan for Transport Service Business Purposes. Let say to join UBER or GRAB.

    Please shed lights.


    Allan Avinido

    1. Hello Allan! We highly suggest that you attend the Enterprise Development Training first. This will help you gauge if your proposed business is viable or not. Sasabihin narin po sainyo kung maaari na kayong mag-proceed sa next step, which is submission of loan requirements. We cannot decide on this po since we are not OWWA.

    1. Hi Emma! You mean po ang inyong kapatid ay magiging co-maker ninyo? Maaari po yun, ngunit dapat, ang inyong kapatid ay may good credit standing at may kakayahan magbayad ng loan.

  50. Have a good day po..Nais ko lang pong malaman, galing na po ako sa OWWA, nakapagOrientation, nkpagSeminar/training na po ako, sa katunayan,meron na akong Certificate. Nung nag file na po ako ng loan, hinanapan po ako nag collateral. Ang pagkkaalam ko po noong Orientation, either EQUITY kung may existing Business, o Collateral kung maguumpisa pa lang..ano po ba talaga, both po ba?

    1. Hello Antonio. Collateral is required po since this will serve as security for the loan. You can also use equity kung may existing business na but if wala pa po, kailangan po may asset na ma-offer that you can use as collateral. Thanks!

  51. Hello po existing OFW po ako. Wala po ako maibibigay na collateral. Gus2 kupo magloan pra magpatayo nang business shop. Makakapagloan po ba ako?

    1. Hi Ricky. Collateral is required po since this serves as a guarantee for the loan. Any asset will do like bank deposits, time deposit, investments, and not necessarily land.

  52. pd po ba makaloan ang sister para pampaayos ng bahay sa province..ano po requirements at sino pd kausapin..ofw po cya for 8years and still nasa ibang bansa pa working.thanks

    1. Hello Alonna. Ang OWWA loan po ay for business purposes only. Maaari ninyo subukan ang housing loan. PAG-IBIG and SSS offers Housing Loans for OFWs. Salamat.

  53. Hi Good pm po from Dubai, gusto ko po sana mag loan kaso po 2 months lang ako sa pinas pag uwi ko this coming MAY kasi po manganganak ako. Gusto ko po mag put up ng business bago ako bumalik pa dubai, pwede po ba mag apply na ng ofw loan kahit andito pa sa dubai?

    1. Hi Joy! You are required to be in the Philippines since kailangan po ninyo mag-attend ng Enterprise Development Training. We’re not sure po kung mayroon accredited training centers sa Dubai.

  54. Hi OWWA,

    Good afternoon!

    I’m a seafarer for more than 30 years and i have a catering business that is already running for more than 7 years.However, i still need to pump more capital for me to buy more equipment. How can i avail your loan offer to OFW?

    Kind Regards,


  55. mam, paano po kung walang pang collateral at walang makuha co-maker, kasi kalimitan sa co maker natatakot isipin nila baka hndi mag boom ang negosyo tapos sila maipit sa huli.
    mam, isa pa paano po ITR ko bale 8 yrs n po ako sa Saudi wala nman po ako itr
    ano po second option ng owwa dun.?

    1. Hi Robby! Collateral is required for OWWA Loan. Kung walang collateral, having a co-maker po sana ay makakatulong para ma-aprubahan ang inyong loan application.

  56. Hi po, Ex-OFW po ako from UAE, ask ko Lang po sana wala kasi akong 3 years na ITR, never pa po Kasi ako nag work didto sa pinas, 7 years po ako abroad. Any alternatives or possibilities para maka acquire ako ng loan to start up my business?. 6 months na din po kasi ako dito and struggling to have a business pero medyo kapos. Planning to put up a laundry shop po sana. Looking forward for your possible response😊

    1. Hi Loricris! OWWA Loan is for active OWWA members with existing employment contract. You can consider other private lenders as well if you need additional capital πŸ™‚

  57. Hi im myra orea isang ofw sa riyadh ksa. isa akong single mom kakauwi qlng ng april 25,2018
    10 years aqng nasa riyadh gusto q n sanang mag stay at mag negosyo nlng para makasama q nmn ang aking mga anak mabilis buh ang aksyon ng ofw loan? Gano kabilis ang aksyon nito para maibigay ang pang capital q sa negosyo.. Salamat po..

    1. Hi Myra! The loan application processing itself is 40 working days po. Prior to that, required po kayo na umattend ng Enterprise Development Training, which is usually 3 days. Kapag okay na po kayo sa training, that’s the time na makakapg-submit lamang kayo ng requirements. You can consider private lenders po since less strict sila kumpara sa OWWA. Please check this comparison table po – salamat!

  58. Good day.How will i know if im still an active member in Owwa and how can i avail a loan for just a small business.Im here already in the Philippines.thanks

    1. Hi Catherine! Please check your membership status directly with OWWA. You may call them at (02) 834-0124 or (02) 834-0148 Thanks!

  59. Tanong ko lang po. kami ng mga kaibigan ko ay Ofw at dalawa samin ay for good na this month. balak namin mag loan sa owwa para makapagfranchise ng Cafe. Paano po kami makakapag loan as group kung hindi naman po kami certified Partnership,Corporation or association gaya ng mga nasa requirement sa taas? kung mag aapply naman kami sa SEC as partnership pwede ba yun kahit wala naman kami own business kasi nga magffranchise lang naman kami? sana po masagot salamat.

  60. Good day po ask lng po ako if I can avail a loan we are planning with my husband to put up a barber shop and photo copper as well near at siquijor state college siquijor in region 7.

    1. Hi Loudeth! Are you an OFW po? You should attend the Enterprise Development Training first by OWWA and once you were given a go signal, then you can prepare the requirements and apply for an OWWA Loan.

  61. Hello po ako po ay isang ofw pwedi po ba ako makapag loan kahit next year pa po ako babalik sa abroad . Gusto kolang po magpatayo ng negosyo para Sa magulang ko. kaso kulang po sa budget?

    1. HI Norhaya! Pwede naman po yun pero dapat po mag-execute kayo ng SPA (notarized and consularized sa Philippine Embassy) assigning someone to act and transact on your behalf. Salamat po!

  62. Good day po , dati po akong Ofw mag 2 years na po ako dito sa pinas tanong lang po kung pwede ba akong makapag loan para makapag open ng business, salamat po and have a blessed day.

    1. Hi GLenn. Sorry but the OWWA loan is for business purposes only. Hindi po ito maaaring gamitin para pangpagawa ng bahay. Salamat.

  63. Hi Im an OFW in KSA. My sister has a trucking business. Inivite nya ako na kumuha ng truck para start na din ako ng negosyo.

  64. good day po.. pwd po ba ako mag load kasi pauwi na rin ako ng pinas tapos po itutuloy ko nlng po ung business ko 8 years na napo ang businessko complate document po ako?

  65. Hello,

    Me and my husband are OFW in SG and we plan to set up a laundry business sa pinas, weve been working for 10yrs here. Our properties are at mortgage pero we have leasing contracts, coz most of it are for rentals. possible po b kami maka mximize nang loan to start up our business and use the leasing contracts as one of the requirements?
    hope to hear from you

    1. Hello Clara. It’s Landbank who will decide based on the income documents and collateral that you will submit. If you can prove po that you can pay P2Mn with 7.5% interest, then you could be granted the maximum amount.

  66. Sir , gusto ko po mag piggery sa amin bayan pwede po ba mag loan ng 400k at colateral ko po ang akin lote at naka pangalan sa akin, at saan po ako pwede mag inquire narito po ako sa ksa at bakasyon ko po sa april 2019

  67. Hello po! Maaari po ba akong magloan para maka pag open ng popsicle business? Umuwi napo ako ng Pinas hindi pa tapos ang kontrata ko at ayaw kona bumalik sa abroad. Kasi may financial problem employer ko. Sana po matilungan niyo ako.

    1. Hello Leah. Please contact OWWA Office near you and inquire about the schedule for EDT (training). Once you attend and they gave you a go to submit all the documents, then you need to prepare these and submit sa Landbank. There is no guarantee of approval, so we suggest that you look into other lenders.

  68. good morning po…this coming april 2019 i will be leaving saudi arabia for good after almost 20 years. i had volunteered to be layed-off since my company (even the kingdom) is a bit shaky, economically. and, i am planning to set up a small business of my own in manila or anywhere. i am thinking that my benefits is not enough to put up the business i have in mind. since i will be an ex-ofw, can i still avail the owwa loan to help me finance the business i have in mind? can i avail ur maximum loanable amount of 2M? thank u very much for d reply!

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