Step-By-Step Procedure on How to Apply for OWWA Loan

At this point, you know what OWWA Loan is, its main purpose, how it works, the business allowed by the loan facility, the requirements you need to comply with, and who the eligible borrowers are. It’s time to bring them all together to guide you better in applying for this loan facility specifically designed for Filipino migrant workers.

Here is a step-by-step procedure on how to apply for OWWA Loan: Step 1: Attend and complete the Enterprise Development Training or EDT. Learn more about EDT in detail here.

Step 2: Prepare the pre-processing requirements needed for processing of your loan application. This includes proof of OWWA membership, Certificate of Attendance foe EDT, and two (2) valid IDs among others. Check this post to know the detailed list of requirement you need to prepare before submitting your loan application.

Note: Make sure that your requirements are complete upon submission of OWWA Loan application. This will make it easier and faster for you to process your loan application. The requirements will be submitted either in OWWA Main Office or regional offices, whichever is more convenient for you.

Step 3: Submission of Business Plan to the Land Bank of the Philippines (LBP) upon certification and endorsement of OWWA. At this phase, LBP will evaluate your project proposal based on the borrower’s credit worthiness and project viability. Likewise, Land Bank will package your loan application based on their credit facilities proposal.

Step 4: Loan evaluation, packaging, and approval. This will take 45 days upon receipt of loan requirements, which is why it is important that you prepare all the necessary documents when applying for an OWWA Loan.

Keep in mind that attending EDT and submitting all the requirements will not guarantee automatic approval. Credit institutions follow certain guidelines in approving every loan application and as long as you can show the viability of your proposed business and prove your credit worthiness, the higher your chances will be.

136 thoughts on “Step-By-Step Procedure on How to Apply for OWWA Loan”

    1. Yes, your wife can avail of the loan in your behalf. Just present marriage certificate in addition to other documentary requirements OWWA will ask from you.

      1. currently nan dito pa ako sa KSA balak ku na sanang hindi babalik dito next year pwede ba akong maka avail ng 1.5m at paki detail narin po monthly amortization? for 4 to 6 year.

        regards,

        1. The loan amount depends on the business you are planning to start, capacity to pay (monthly salary), and collateral documents among others, so there is no assurance that you will be granted 1.5m worth of loan. As to the monthly amortization for 4-6 years, we cannot give you a detailed list since we are not sure with the prevailing interest rate by the time you will apply for a loan. Thanks.

          1. Good pm po.. ask lang po, uuwi po ang mother ko from Riyadh po. By Oct po. Kc dahil po di mgandang trato ng amo nia po. Plan nia po mag.loan na lang po. Para di na po xa babalik po dun.. para tatayo po ng negosyo. Then nag.aaral pa po kami. Kailangan pa po ba ng colateral maam? Kc wala po kami nian maam.. cge po..

          2. Hi Ma’am

            Basically it all defends on the submitted collateral just like any other banks requirement, am i right?
            If you don’t have any property or assets that can present to them. You have a lower chance that the loan request will granted.

            thanks
            Anonymous

          3. Hi po mam..6years po akong ofw sa dubai po..tapos andito na po ako sa thailand ngaun..plan ko po sana magnegoayo na lng next year sa pinas po..pwd po ba ako magloan for petshop business po?

          4. Yes you can, as long as you are an active OWWA member and ma-submit lahat ng requirements needed to process your loan application.

      2. Hello maam, ask ko lng po sana bakit till now dipa ako nakakatanggap ng info from owwa kung kaylan ang 2nd phase, ininform po nila ako sa txt Jan. 9 na pasado ako sa poba exam pero hanggang ngayon wala pa sila txt or call. Ito po cell # ko. 09050398121 or 09199893796
        Thanks po.

    2. My husband and I were ofw, 2 years ago he went home to study culinary arts while I am still currently working abroad,would it be possible to avail a loan for his internship abroad?

        1. Hello ask qlang maam gusto ko mag loan sa owwa 300.000.k para sa bahay q matapos ang second floor at kasalukuyan nandito aq sa qatar pwede ba mag avail ng loan ang asawa ko uuwi ako ng december at pabalik balik lang ako d2 sa company ko sa qatar..thanks

      1. Hello ask qlang maam gusto ko mag loan sa owwa 300.000.k para sa bahay q matapos ang second floor at kasalukuyan nandito aq sa qatar pwede ba mag avail ng loan ang asawa ko uuwi ako ng december at pabalik balik lang ako d2 sa company ko sa qatar..thanks

  1. Im an ex ofw from kuwait. I arrived in the philippines last 2008. Am i qualified for the loan. I need it to start a business. Please help. You can send your reply to my email at [email protected]

    Thank you

    1. IF you are an active OWWA member and certified by OWWA, you can avail of the OWWA Loan. Nonetheless, it is best to clarify this with OWWA since we are not sure about their procedure on former OFWs.

    2. Good day mam. Ask ko lang po kung ano po number ng owwa and kung saan po office para personal po ako makapaginquire regarding sa owwa loan.

      Pwede po kayo magreply sa email or number ko po.

      Thanks.

      Mark Sy Villareal
      09218854736
      [email protected]

  2. Can my mother process the loan in my behalf? Because i am currently working abroad. And i read that one of the requirements is to get a training in EDT, how can i do that if im not in Philippines? How long does EDT takes? Thanks!

  3. I am 18 years owwa member, last 2015 nawalan ako ng trabaho dahil sa pagbagsak ng oil price in the international market, hanggang ngayon wala pakong trabaho, kya i am planning to put up a printing business, pwede paba ako makapag loan sa owwa ano ano ang mnga requirements? Totoo ba yung pag dika nakapagloan sa owwa in 11 yrs, me mekukuha kang pera? maraming salamat

    1. Please pertain to the chart para po sa step-by-step procedure ng pag-apply. Regarding sa pera na maaaring makuha, hindi po namin sigurado. Salamat.

      1. Mam pwde po mag avail ng water refilling station parehas po kmi mag asawa ofw dis coming june bakasyon try lang kung pwde makapagloan thanks

  4. Brother or sister can avail the said loan? I have partner but we’re not married. I’m a security guard here at Abu dhabi.

  5. Hello po good day po sa inyong lahat…dati na po akong ofw since 2003 until 2010 then nag stop po ako..ngayon ito lang 2015 bumalik po ako ulit bilang ofw..ang tanong ko maam kung coverd pa rin po ba yung 2003 to 2010 bilang isang owwa members?tanong ko na rin po anu ano po ba yung business na qualified sa owwa loan?kasi ako po bilang driver po dito sa ibang bansa balak ko po kasi magkaroon ng kahit second hand na taxi po para pagkakitaan ko po sa pilipinas …covered po ba sya as a business para ma i loan ko po?salamat po…

  6. Pwede po ba akong mang loan sa owwa ng pang business ko kasi balak ko nag umwi ng pinas 11 yrs na ako dito sa UAE 48 yrs old na ako at nagyon wala na akong work dahil sa pag hina ng copany pinapasukan ko

  7. Hello po. Kararating ko lang ng May 13, 2017 sa bansang saudi exit na po ako gusto ko po mag loan sa OWWA pwede po ba ako magloan sa OWWA pang negosyo naguguluhan po kasi ako sa procedure eh sa OWWA lalo 45 days bago maapprove ng LAND BANK Baka abutin ako ng 3 months may apply din po ako sa ibang bansa.. please help me.

    1. Hi Gerry, sorry to hear it’s taking so long.

      You may want to consider also private lending companies. They are a bit more expensive, but can approve faster. Have a look at our comparison:OFW Lending Interest

  8. After working in KSA for 10 years my company now in Saudi Arabia is getting bankrupt. I want to stay for good in the Philippines in January 2018. Can I avail of the business training and and loan to put up my own business then?

  9. gud day po mam.
    ask ko lang po kung pwede po ako mag avail.ofw po ako dito sa saudi.10yrs na po ako dito.ask kolang po kung pwede ko mag loan.para po ipambili ng new car.kasi balak ko po na ipasok sa grab.tapos ipapalabas ko sa kuya ko.pwede po kaya un sa loan sa owwa???
    salamat po.

  10. Hi im an ofw here in saudi arabia.can my brother do the loan in my behalf coz im still here in saudi arabia

  11. yung collateral po ba kinukuha ni landbank? or ililista mo lang kung anong property meron ka?pano po kung wlang car and land title na pang collateral puro gamit lng sa bahay,pd na po ba yun?

    1. Hi Sol. Tinatatakan lang sa mismong title na naka-mortgage ang property sa banko. Kapag hindi makabayad, dun lamang magkakaroon ng foreclosure, pero may prosesong sinusunod bago umabot sa ganito. Kung wala kayong property na maaaring i-collateral, pwede parin kayo mag-apply sa tulong ng co-maker na makakatulong sa pag-garantiya ng loan. Salamat.

      1. Good day po
        Kung wala po ako pang colateral pwede po bang co-maker ang misis ko na mgwork sa abroad at mga computer units para makapaloan? May pisonet shop po kasi ako at balak ko mag expand dalamat po

  12. Im presently here in KSA, and 3 years this coming nov.2017. is my wife can avail the loan and can attend the seminar on my behalf?
    SPA I already issued to her before I came back last Feb,2017. What is my chances that I will be approve? Hoping for your favorable reply.

    1. Hi Christopher, you should be the one signing the documents and attending the seminar since you are the OWWA member. As to the chances of approval, that would depend on your monthly salary and collateral documents among others. Only OWWA can determine that. Thanks.

  13. Ma’am Aisha,

    100% po ba ng amount loan ang makukuha? May nabasa po kasi ako regards sa owwa loan na kung saan ay 80% lang ng total project cost ng loan ang makukuha at yun 20% ay shoulder nag loan?

    1. Hi Pris. Kadalasan talaga hindi 100% ang ibinibigay ng mga lenders. Depende din sa collateral mo ang amount na maire-release sa inyo.

  14. Hi my sister is OFW in macau, we have a conjugal property and planning to put up a poultry. Can she avail it?

    thanks

  15. Hi, both my spouse and myself has been ofw 2007-2016…last contribution was April 2014…we are now currently working BPO industry now….just checking if we are still eligeable to apply for ofw loan for business or franchise opportunity

  16. Good morning ma’am aisha tanong ko lng pwd po ba na ang gawing collateral ay tax declaration ng lupa ..wala po akung pag collateral yon lng tax declaration ng lupa ng mother ko ..paano ako maka aveil ng loan sa owwa ..5 years po ako sa abroad ..at gusto Kong umuwe at mag nigosyo nlng …pls reply kung anu gawin ko …at sabi ni sir Belo wala nang collateral pa ang pag loan sa owwa…thank you and bless ..need your reply

    1. Hi. kailangan yung mismong titulo ng lupa na nakapangalan sayo. Maaari ka din mag-apply with a co-maker para mas mapabilis ang proseso ng loan application.

  17. Hi, I`m planning to apply for OWWA loan on September during my 1 week vacation sa pinas. Just in case after a week wala pa decision sa loan application ko and nkbalik na ko abroad, is it possible na mrelease sya sa partner ko? Hindi pa kme legally married. Thank you.

    1. You can execute a Special Power of Attorney nalang, authorizing your partner to transact on your behalf. Still, baka hindi under your partner’s name ire-release ang funds since hindi naman siya ang borrower.

  18. Hi Mam Aisha, if mag loan po ko 2M good for 5 years magkanu po monthly rate ko according sa 7.5%.

    Since anf OWWA po wiling sa pag assist sa mga OFW wala po bng loan na walang interest?

    Salamat

    1. Hi, we’re not sure with the computation since OWWA might do this differently. Lahat din po ng loan may interest.

  19. Hello there, can i avail a loan only to construct a small house?
    If so, I only have 2 weeks left, would that be enough to process the requirements?
    Thanks a lot.

    1. Hi, the OWWA Loan is for business use only. You may consider other government agencies such as SSS or Philhealth for construction.

    1. The OWWA Loan is for business use only. For housing purposes, you can try government agencies like SSS or Philhealth.

  20. MADAM, ex abroad po ako meron po akong recontract na another 3 years pero bigla nila akong hindi pinabalik when i was in vacation ,,,anu pon pwedeng gawin para makakuha man lang ng kaunting loan sa inyo ?

  21. Gud am po, mhigit 1yr n po me nkauwi galing taiwan ask ko lng po if pwede po me mkaavail ng loan para po mkompleto po ung sari sari store ko d2 po sa subd.nmin. pati mkpagopen n rin po ng mga frozen goods. Pwede po p b mkaavail ng 100k? Thanks po! And if ever ano po ung mga requirements?

  22. Tanong ko Lang po.bakit ang mga active Lang sa owwa member ang pwedeng maka avail ng loan program.paano naman po ang dati ng member na Hindi na nakaalis ng bansa bakit Hindi sila kasama sa loan program samantalang nakapagbayad naman sila sa owwa ng matagal na panahon in iba nga more than 10 years member.

    Your concern
    Joselito alano

    1. Hi Joselito. Pasensya na pero yun po ang policy ng OWWA. Gayunpaman, may mga private lenders na maaari makatulong upang makapagsimula kayo ulit.

  23. hi, ask ko lng po kng pede kmi mg load for downpAYment for car ipng uuber nmn or grab.. my business kmi garments po s baclaran and my dad is ex abroad for his retired na po dumtng sya dto s pinas nun 2013, ask ko po if it possible na mkpg loan kmi kht 200k? kht na wala na dad ko s abroad pro my business nmn po kmi pls do responds eto po email ko [email protected] mrming slamt po aasahan ko responds nio, more power

  24. hi my mother is an OWWA member she’s almost 8 years working abroad, can i apply for business loan in her behalf? and if yes how much can we lend?

    1. Only OFW-OWWA member can apply. The amount will depend po on your assets for collateral and capacity to pay among others.

    1. Depende din po sa valuation ng property and capacity to pay. Wala po assurance na maaari kayo mabigyan ng P250K na loan.

  25. hi mam! good day po!

    Me and my husband are both OFW for 5 years. We are planning to end our contract by next year.

    Can we still apply for the loan after our exit abroad?
    Thank you.

  26. hi gud pm..im an ex ofw po i am interested of the owwa loan that u are offering me and my husband may motorparts business po kmi which is one month operational pa lng po gusto k po mg loan para po madagdagan puhunan namin para sa business namin..

    1. You may execute SPA to authorize your father to transact on your behalf. Please have it notarized and consularized in the Philippine Embassy where you are working.

  27. Hello Admin,
    I have decided not to renew a two year contract as ofw, instead I just signed a 6-mo contract only. We’ve started small business in 2011 (home made products) at iyon nalang itutuloy pag umuwi na ako.
    Makakapag avail po ba ako ng loan for additional business funds kahit hindi na ako working as ofw?

    Thanks

  28. hello 🙂 may i ask kung ano po ang requirements para makapag loan po sa owwa? meron po kasi akong ate na kakauwi lang galing saudi almost 3 years po kasi siya dun balak po niya sana magloan paano po and mga hm po kaya thank you 🙂

  29. Hello po. Ask po ako pwede a magpasa ng business plan 5pcs in 1 loan ? 2m po e apply may collateral kami agreculture 2hectare falcata. Babalik pa din ako sa ksa

    1. The business plan must be passed kasama ng ibang requirements para ma-process ang loan application. Wala din po kasigaruduhan na mare-release ang 2M loan sapagkat maraming pong criteria ang tinitignan ng banko.

  30. mam ask lang po kasi 6 yrs ako sa riyadh kaso nawalan ako ng work kasi humina company.balak ko sana mag loan para sa machine shop business pwede ko ba i collateral ang land tittle para mka loan ng 500k ilang years at magkano naman monthly if ever. salamat po.

  31. Hi mam good am po magasawa po kmi sa saudi couple umuwi po kmi ng pinas 201
    5 pa po hanggang sa ngaun nandto pa po kmi my re entry po kmi d kmi bumalik kc po salbahi ung pamilya pero po nkatapos kmi ng 2 yrs mahigit makakapag loan b kming mag asawa para sa panimulang negosyo ayaw n po nming bumalik sa ibng bansa.at kung pwede po kming mag loan ano po ang aming requirements salamat po at magandang gbi..

    1. Hello Arnel. Naiintindihan namin ang inyong sitwasyon. Nguning, ang OWWA Loan ay para sa mga OFWs na kasalukuyang may trabaho sa ibang bansa. Gayunpaman, maaari ninyong subukan ang private lenders upang makapagsimula kayo ng inyong negosyo. Here is a comparison ng mga private lenders na maaaring tumulong – http://www.ofwloans.ph/ofw-pricing-comparison/

    1. Hi Lourdes. Ikinalulungkot po namin ipaalam na ang OWWA Loan ay para po sa mga OFWs na may existing employment contract. Maaari po kayong lumapit sa mga private lenders upang makapagtayo ng negosyo. Ang kagandahan po sa private lenders ay hindi sila ganun ka-strikto sa requirements. You can check the pricing comparison here – http://www.ofwloans.ph/ofw-pricing-comparison/

  32. Gud day po.im ofw in kuwait and my fiance in riyahd.maybe with in this year mka uwi na po cya.Plan po namin mg loan pg uwi nya pra mg negosyo nlng ng baboyan at vulcanizing shop at tubusin po namin ang nka sanlang palayan.anu po ang dapat naming gawin?at may posibilidad ba na ma aprobahan ang gusto nming e loan na 300k?

    Salamat po

    1. Hello Anita. The amount to be released will depend on several factors gaya ng monthly income, credit standing, and amount of savings, which is determined by the Land Bank (partner bank of OWWA). It is best to submit the requirements first to OWWA Office and wait for their feedback kung kailan magu-umpisa ang Enterprise Development Training (EDT).

    1. Collateral is not limited to property alone. Pwede din po Receivables, Deed of Assignment, or Purchase Order among others.

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