OFW Loan

But the truth is, it is not easy to save a huge amount of money because of the many things that they pay—OFW pays for travel, employment, application, the money sent back to their families, and not to mention the living costs abroad are much higher than it is in than the Philippines. And it is a lot of money spent knowing that one person would shoulder it.

OFW Loan

This is why an OFW needs to know what legitimate OFW loans are there to help them in case they need them.

What is OFW loan Philippines?

OFW loan Philippines is meant to help OFWs financially. It is a program that allows OFW to borrow money in exchange they will repay the borrowed money with its principal amount and an added interest. These loans can be used by the OFW for different reasons, personal, emergency, starting a business, or to add capital to an existing business.  

How to Apply for an OFW loan?

There are tons of OFW loan programs in the Philippines and they are hassle-free and accessible. With these programs, it will be easier for you to get approved and your loan will be released fast.


JuanHand offers OFW an instant approval loan that you can withdraw on the same day. How? JuanHand uses a mobile app that any OFW can access. With this advanced technology, it will be easy to fill in forms and provide documents that will be needed for your loan. 


Robocash helps you to draw up a loan anytime and anywhere. No need to stand in tiring bank lines. You will have the chance to choose your own loan amount. When you provide all the needed information, Robocash can loan you up to 5,000PHP within 4 minutes!


Moneycat is there to be of assistance in your OFW loan matters. They bring quick and easy solutions to your problem. They are also known by the SEC or Securities and Exchange Commission to be a trustworthy loan program for OFWs.


Landbank is a bank made by the Philippine Government. Its goal is to help Filipino fund their business, agriculture, construction, trading, and many more. They will help you start your journey into business.

What is the Interest rate for an OFW loan?


When credits and information are processed, general conditions apply for the borrowers:

  • Minimum credit: 2,000
  • Maximum credit: 50,000
  • The interest rate will come from 9% up to 15% per month


TERM 30 days 31 days 32 days 33 days 90 days
LOAN AMOUNT 25,000 25,000 25,000 25,000 25,000
FEE PER DAY 0.3% 0.3% 0.3% 0.3% 0.3%
INTEREST AMOUNT 2250 2325 2400 2475 6750
TOTAL REPAYMENT 27259 27325 27400 27475 31750



Robocash follows the conditions below:

  • Min. financing amount: ₱1000
  • Max. financing amount: Up to ₱10000
  • Min. loan term: 1 day
  • Max. loan term: 180 days
  • Interest rate per day: 0.5% – 1.39%
  • Approval duration: Up to 1 hour
TERM 1 day 2 days 3 days 4 days 180 days
LOAN AMOUNT 5,000 5,000 5,000 5,000 5,000
FEE PER DAY 0.5% 0.5% 0.5% 0.5% 0.5%
INTEREST AMOUNT 25 50 75 100 4500
TOTAL REPAYMENT 5025 5050 5075 5100 9500



When approved, MoneyCat provides you with these important details:

  • Min. financing amount: ₱500
  • Max. financing amount: Up to ₱20000
  • Min. loan term: 90 days
  • Max. loan term: 180 days
  • Interest rate per day: 0.4% – 1.3%
TERM 90 days 91 days 92 days 93 days 180 days
LOAN AMOUNT 10,000 10,000 10,000 10,000 10,000
FEE PER DAY 0.4% 0.4% 0.4% 0.4% 0.4%
INTEREST AMOUNT 3600 3640 3680 3720 7200
TOTAL REPAYMENT 13600 13640 13680 13720 17200



Eligible borrowers should follow the conditions below:

  • Min. financing amount: ₱100,000
  • Max. financing amount: ₱2M for single proprietorship ₱5M for corporations
  • Short-term loan repayment: Maximum of 1 year
  • Interest rate: 7.5% per annum


How to Apply for an OFW Loan

If you want to start your OFW loan here’s the process! First, you need to apply online or you can also try going into the office of your chosen OFW loan program. Then, you will be signing an application document. You will be assisted by the clerk and they will ask for certain necessary documents. Remember to bring both a photocopy and an original copy.

Take note that the usual interest rate for OFW loan programs is around 1.5% monthly. But it always differs from the program that you chose. When you borrow the money you can pay it within a year or more for a bigger amount. 

Here are some of the documents that you will have to prepare before going and applying for an OFW loan:

  • 2 valid IDs, such as passport and OWWA ID
  • Copy of visa
  • Consularized certificate of employment
  • Flight ticket and details
  • Transfer confirmation
  • POEA overseas employment certificate (get this from the POEA office in your area)
  • For seafarers, the latest contract
  • Billing confirmation
  • Proof of residency


OFW loan with UpFinance

With UpFinance you can find OFW loan programs that could help you with your financial struggles. All the current loans in the Philippines are combined in UpFinance. Wherever you are, may it be Metro Manila, Cebu, Mindanao, etc all the loans are accessible for you!

OFW Loan

On this site, you will have hassle-free and fast-release loans.

Upfinance is in partnership with tons of legitimate and known OFW loan programs here’s a list of our partners:

  • JuanHand
  • Robocash
  • Money Cat
  • Land bank
  • Bank of the Philippine Islands
  • Pag-IBIG Fund
  • Mindanao Consolidated Cooperative Bank
  • Asialink Finance Corporation
  • PS Bank
  • BDO Network Bank
  • Security Bank
  • Metro Quicash Lending Corporation

All the said partners are legal and verified. They have the complete necessary documents to show you. Upfinance is the perfect loan app that will give you the best loaning experience. We are also offering various loans in the Philippines such as Auto loans, business loans, cash loans, emergency loans, personal loans, salary loans, and many more! 

Visit our website and find links to the official mobile applications of our partners.

Author Maria Torres from Upfinance. 


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