• Interest Rate (p.a.)

    30.00% - 30.00%

  • Loan Tenure

    0.5 - 1.5 years

  • Approval Duration

    Up to 1-3 working days

  • Min. monthly income

    ₱17,000

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

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Monthly Repayment

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What's so great about South Asialink Credit Corporation OFW Personal Loan?
  • 2.5% interest rate per month
  • Get approved in as fast as 1 day
  • No credit card required

Product Features

Min. financing amount₱20,000.00
Max.financing amount ₱250,000.00
Min. loan tenure6 months
Max. loan tenure18 months
Interest rate2.5% per month
Approval durationUp to 1-3 working days
Debt consolidationNo

Fees & Charges

One time set up
Processing fee5% of loan amount
Stamp dutyN/A
Disbursement & misc. feeN/A
Penalties
Early settlementRebates are computed by Accounting Department.
Late payment charges₱1,500 or 15% of monthly amortizations (whichever is higher)

Eligibility

Age requirementAge 21 - 59
Employment eligibilityAt least ₱17,000.00 monthly income
Min. salary requirement₱17,000 gross per month
Guarantor / Collateral requirementNo

Other Requirements

Need to open linked banked account?No
Other detailsMethod of Payment - through ML or Cebuana Lhuillier payment centers

Product Review byiMoney

South Asialink Credit Corporation OFW Personal Loan FAQ

How much can I borrow?

With an SACC OFW Personal Loan, borrow as much as ₱250,000, subject to approval.

What are the South Asialink Credit Corporation OFW Personal Loan Requirements?

An applicant must fulfill SACC's eligibility criteria for a loan:

  • At least 21 years old; 59 years old upon loan maturity
  • Minimum salary of ₱17,000
  • No derogatory records with banks and other financing company
  • Rank and file employees up to managerial level is allowed.

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
  • Passport

*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 Credit Corporation OFW Personal Loan Calculator work?

The SACC 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
  • You can borrow up to 3x your monthly income with the BPI Personal Loan for land-based OFWs. Receive approved amounts ranging from ₱20,000 up to ₱1,000,000 for whatever use with no collateral requirement. With flexible installments in 12, 18, 24, 30 or 36 months. With the lowest rates offered in the market, get cash fast and easy without worrying about pre-termination fees.

  • BDO Asenso Kabayan Unsecured Personal Loan
  • The BDO Asenso Kabayan Unsecured Personal loan is a no collateral loan facility for overseas Filipino workers who are in need of added cash for any purpose. Open to OFWs with fixed income, get approved loanable amounts for as low as ₱10,000 and pay from as early as 3 months, up to 6, 12, 18, 24, or 36 monthly installments starting at a low 39.43% effective interest rate per year at 2% monthly add-on rate.

  • BDO Asenso Kabayan Secured Personal Loan
  • If you are an overseas Filipino worker with an urgent need of additional funds, consider applying for the BDO Asenso Kabayan Secured Personal Loan. For a minimum deposit requirement of ₱15,000 or dollar equivalent, open a Peso or Dollar, Savings or Time deposit account as security and borrow from as low as ₱10,000 and get up to 90% of the approved loan amount for Peso accounts and up to 80% for Dollar accounts, starting at a low 17.06% effective interest rate per year at 0.78% monthly add-on rate.

  • 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.