- Interest rate (p.a.)
18.00% - 18.00%
- Loan Tenure
0.5 - 1 years
- Approval Duration
Up to 1-3 working days
- Min. monthly income
What's so great about South Asialink Finance Corporation OFW Personal Loan?
- As low as 1.5% interest rate per month
- Get approved in as fast as 1 day
- No credit card required
|Min. financing amount||₱20,000.00|
|Max.financing amount|| ₱250,000.00|
|Min. loan tenure||6 months|
|Max. loan tenure||12 months|
|Interest rate||1.5% per month|
|Approval duration||Up to 1-3 working days|
Fees & Charges
|One time set up|
|Processing fee||5.5% of loan amount|
|Disbursement & misc. fee||N/A|
|Early settlement||Rebates are computed by Accounting Department & subject for approval|
|Late payment charges||₱1,500 or 15% of monthly amortizations (whichever is higher)|
|Age requirement||Age 21 - 59|
|Employment eligibility||At least 3 months of employment contract|
|Min. salary requirement||₱20,000 gross per month|
|Guarantor / Collateral requirement||No|
|Need to open linked banked account?||No|
|Other details||Method of Payment - through ML or Cebuana Lhuillier payment centers|
Product Review by
South Asialink Finance Corporation OFW Personal Loan FAQ
How much can I borrow?
With an SAFC OFW Personal Loan, borrow as much as 2x of your monthly income, subject to approval.
What are the South Asialink Finance Corporation OFW Personal Loan Requirements?
An applicant must fulfill SAFC's eligibility criteria for a loan:
- At least 21 years old; 59 years old upon loan maturity
- Must have a minimum salary of at least ₱20,000
- No derogatory records with banks and other financing company
- Rank and file employees up to managerial level is allowed.
- At least 3 months of employment contract.
Consequently, after filling out an application form, the following documents are necessary:
- Basic Documentary Requirements
- Copy of latest contract of deployment with POEA validation
- Visa/Working Permit
- E-Receipt/Overseas Employment Certificate (OEC)
- Plane ticket/Flight Details
*Additional documents may be required during credit evaluation. Linked bank account is required for all those with ₱250,000 and above loan approval.
How does the South Asialink Finance Corporation OFW Personal Loan Calculator work?
The SAFC OFW Personal 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.
To assist our overseas Filipino workers who are in need of added funds, here are more personal loan options available for OFWs:BPI Personal Loan Land-based OFW
BDO Asenso Kabayan Unsecured Personal Loan
BDO Asenso Kabayan Secured Personal Loan
Still looking for other possible options in the market? If you are interested in checking out different types of personal loans in the Philippines whether or not exclusive for OFWs, our site can give you a general overview on what the industry has to offer.