• Interest rate (p.a.)

    25.03% - 25.74%

  • Loan Tenure

    1 - 3 years

  • Approval Duration

    7-10 banking days

  • Min. monthly income


Loan calculator
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What's so great about BPI Land-based OFW Personal Loan?
  • Get approved up to ₱1,000,000 non-collateral loan
  • Pay monthly amortization through automatic debit facility - no need for PDC's or over-the counter payments
  • Flexible terms from 12 months - 3 years

Product Features

Min. financing amount₱20,000.00
Max.financing amount ₱1,000,000.00
Min. loan tenure1 year
Max. loan tenure3 years
Interest rate25.03%-25.60% per annum
Approval duration7-10 banking days
Debt consolidationNo

Fees & Charges

One time set up
Processing fee₱1,500
Stamp duty₱1.00 for every ₱200.00 of the loan amount
Disbursement & misc. feeN/A
Early settlementN/A
Late payment chargesN/A


Age requirementAge 21 - 60
Employment eligibilityMust be employed for at least 2 years
Min. salary requirement₱25,000 gross per month
Guarantor / Collateral requirementNo

Other Requirements

Need to open linked banked account?Yes

Product Review byiMoney

BPI Land-based OFW Personal Loan FAQ

How much can I borrow?

With a BPI Land-based OFW Personal Loan, borrow as much as ₱1,000,000, subject to approval.

What are the BPI Land-based OFW Personal Loan Requirements?

An applicant must fulfill BPI’s eligibility criteria for a loan:

  • At least 21 up to 60 years old upon loan maturity
  • Must be employed for at least 2 years.
  • Must have at least a minimum monthly income of ₱25,000
  • Working or residing within 30 kilometers from the nearest BPI branch

Consequently, after filling out an application form, the following documents are necessary.

For agency-based workers:

  • Two (2) valid government-issued photo-bearing IDs
  • Latest and unexpired signed POEA contract; OR
  • Employment contract with boarding date

For direct hire:

  • Two (2) valid government-issued photo-bearing IDs
  • Latest 3 months Proof of remittance
  • Latest and Unexpired POEA Validated Information Sheet; OR
  • Latest POEA Overseas Employment Certificate (OEC) AND latest Employment Contract (In lieu of OEC print-out: OEC Exemption Screenshot with OEC BM Online Profile); OR
  • Consularized COE (If remitter is permanent resident in the country)

*Additional documents may be required during Credit evaluation.

How does the BPI Land-based OFW Personal Loan Calculator work?

The BPI Seafarer Loan calculator computes the estimated cost of borrowing and amount of payment per instalment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.

For Filipino workers overseas, immediate cash needs could be critical. Here are personal loans that can assist OFWs abroad:

South Asialink Credit Corporation OFW Personal Loan
  • If you are an overseas Filipino worker with an urgent need of additional funds, get quick approval as fast as 1 day with South Asialink OFW Personal Loan. With a low, gross income requirement of just ₱17,000 a month, you can borrow from ₱20,000 up to ₱250,000 with interest rate of 2.5% per month. Pay as early as 6 months up to a maximum of 18 months. Eligible applicants should be at least 18 - 59 years of age upon loan maturity.

  • BDO Asenso Kabayan Secured Personal Loan
  • For just a minimum required deposit of ₱15,000 or dollar equivalent, you can get additional funds using the BDO Asenso Kabayan Secured Personal Loan. It’s a loan facility where your account deposit serves as security with a wide range of loan amounts starting from ₱10,000 at 17.06% effective interest rate per year and monthly add-on rate of 0.78%. If also offers flexible payment terms of 6, 12, 18, 24, or 36 months.

  • BDO Asenso Kabayan Unsecured Personal Loan
  • The largest bank in the country offers a personal loan specifically for OFWs without any collateral requirement with BDO Asenso Kabayan Unsecured Personal Loan. It is a non-collateral, multi-purpose loan aimed at overseas Filipino workers with fixed income. You can borrow a minimum loan amount of ₱10,000 starting at 39.43% effective interest rate per year with monthly add-on rate of 2%.

  • If you are interested at other available options, you can visit our complete list of regular and OFW personal loans in the Philippines and compare which package is best suited to your needs.