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. Here is a detailed list of requirements you need to submit if you are an 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 BORROWERS 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: 

  • 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.

88 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!!

    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?

    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.

  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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  26. Mam good day pwd ba survivor pensioner Sss Madam pwd Macollateral?ofw po Me Ty Po

    How About 1yrs plus Po Sa Ibng Bnsa Uuwee Bnsa Madam Para Mg Busuness po Pwd Makaavail?

  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 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 🙂 This helps OFWs more able to start a more stable life in the Philippines without much financial burden 🙂

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