• Interest Rate (p.a.)

    21.00% - 21.00%

  • Loan Tenure

    1 - 1 years

  • Approval Duration

    1-3 working days

  • Min. monthly income

    ₱20,000

Loan calculator
Loan amount
Loan tenure
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Monthly salaryRM0
Interest Rate (p.a.)

0

Monthly Repayment

₱0

Total Interest Payable₱0
Total Amount Payable₱0
What's so great about Global Dominion Financing, Inc. OFW Loan?
  • Loan approval in 1-3 days
  • No collateral required
  • Get approved loan amount of up to 2x your monthly income

Product Features

Min. financing amount₱20,000.00
Max.financing amount Up to 2x of monthly income
Min. loan tenure12 months
Max. loan tenure12 months
Interest rate1.99% per month
Approval duration1-3 working days
Debt consolidationNo

Fees & Charges

One time set up
Processing fee5% of approved loan amount
Stamp dutyLoan with less than 12 months term = Approved loan/200 × 1.50 x terms/365 days while loan with more than 12 months term = Approved loan/200 x 1.50
Disbursement & misc. feeN/A
Penalties
Late payment charges₱750 per month up to 15% of the monthly amortization

Eligibility

Age requirementAge 21 - 60
Employment eligibilityAt least 3 months of employment contract
Min. salary requirement₱20,000 gross per month
Guarantor / Collateral requirementYes

Other Requirements

Need to open linked banked account?No
Other detailsMethod of Payment - PDC's or over-the-counter payment

Product Review byiMoney

Global Dominion Financing, Inc. OFW Loan FAQ

How much can I borrow?

You may borrow from as low as ₱200,000 to as much as 2x your monthly income.

What are the Global Dominion Financing, Inc. OFW Loan Requirements?

An applicant must fulfill GDFI's eligibility criteria for an OFW loan:

  • Applicant must have at least 3 months employment contract
  • Must be at least 21-60 years old.
  • Has an immediate family member in the Philippines as co-borrower
  • Minimum basic salary equivalent to at least ₱20,000

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

  • Latest Contract of Employment
  • Copy of VISA
  • Photocopy of OEC (POEA Overseas Employment Certificate)
  • Plane ticket or Flight Details
  • Latest Electric or Water Bill. If not in the name of the borrower, you must submit additional proof of residence. (Any documents under your name and with your current address)
  • Proof of Remittance (for Balik-Mangagawa)

For co-borrowers, here are the necessary requirements:

  • Any 2 valid ID’s
  • Marriage contract (if married)
  • 2 pcs. 2×2 picture
  • Latest and Original Electric or Water bill

*Additional documents may be required during credit evaluation.

How does the Global Dominion Financing Incorporated Loan Calculator work?

The Global Dominion Financing Incorporated Loan calculator computes the estimated cost of borrowing and amount of payment per installment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.

Primarily addressing the needs of Filipinos working overseas, GDFI’s no collateral OFW loan is open to overseas Filipino workers who are presently in the country. For OFWs who are abroad, you can also consider getting the Pinoy Abroad loan. Aside from being an OFW with a valid contract, those applying for a loan is required to have a co-borrower. The overseas worker should also have at least ₱20,000 gross monthly salary and the interest charge can be as low as 1.99% per month.


For OFWs, there are still other alternatives available to loan from. Below are some options that you should take a look as well:

South Asialink Credit Corporation Land-based OFW Loan
  • Applying for an OFW loan with South Asialink Credit Corporation is as easy as it can be. With no credit card required, the applicant can get approved in as fast as just 1 day. As a requirement, the OFW should have a minimum ₱17,000 monthly income and at least 21 to 59 years of age. The loan tenure ranges from 6 up to 18 months with loanable amount starting from ₱20,000 up to ₱250,000. The interest rate is 2.5% per month.

  • BPI Land-based OFW Personal Loan
  • With no collateral requirement, the BPI land-based OFW personal loan could be a viable option for your immediate funding needs. Specifically for OFWs, you can loan starting from ₱20,000 to as much as up to ₱1,000,000 without the need for any collateral. It also comes with flexible payment terms of 1 up to 3 years. The borrower is required to be employed for at least 2 years and must have a minimum gross monthly income of ₱25,000. He or she must also be 21 to 60 years of age. The interest rate starts at 25% per annum.

  • BDO Kabayan Secured Personal Loan
  • With a low monthly income requirement of only ₱10,000, the BDO Kabayan secured personal loan is definitely one of the more enticing funding option for OFWs available in the market today. You can borrow amounts starting from ₱10,000 and up to 90% of your peso or 80% of your dollar account balance. Another benefit is its flexible payment terms, which starts as early as 6 months up to 3 years. The borrower should be employed for at least 2 consecutive years, and around 25 - 65 years of age. The interest rate starts at 9.36% per annum.

  • Receive additional funds that an OFW could benefit from, whether they’re still in the country or already abroad. For more information, please visit our list of non-collateral ofw loans and select the best one based on your need.