Getting a loan can be tricky if you are a Pinoy OFW or Seaman.
Your paperwork is from a overseas country so banks want it translated, notarized, consularized. And when you finally get some time back home you would rather spend it with family than chasing the bank.
The good news is there are specialized OFW loan lending companies that focus on loans for OFWs and Seaman. Their staff is trained in processing foreign documents, and they can be more flexible in terms of requirements.
Other finance companies that focus on lending for OFW loan in Philippines are:
- 123 Lending Corporation
- Global Dominion Financing Incorporated
- Metro Quicash Lending Corporation
- Nfinit Lending Corporation
- PJH Lending Corporation
- Zazu Lending Investor Corporation
Even some banks have recognized the need for OFW lending and are extending financial assistance for OFWs
- BDO Kabayan
- BPI Allottee Loan
- Sterling bank (with iRemit)
- DBP OFW Loan