OFWLoan – Loan details
Loans for Overseas Filipino Workers up to ₱300,000
Loan amount
₱5K – ₱300K
Interest from
21.00%
Term
6 – 32 months
Approval
3-5 banking days
Pros
- ✓ Decent loan amounts up to ₱300,000
- ✓ Transparent processing with a clear approval timeline
- ✓ Fixed interest rate makes repayment planning straightforward
- ✓ Fully digital application – no branch visit required
Cons
- ✗ Interest rate is above average – compare all options first
- ✗ Short loan terms may result in higher monthly payments
- ✗ Interest rates higher than traditional bank loans
Requirements
- Valid government-issued ID (SSS, GSIS, PhilHealth, driver's license, or passport)
- Active mobile phone number registered in your name
- Active bank account or e-wallet (GCash or Maya) for loan disbursement
- Age requirement: 21-60 years old
This document is for informational purposes only. Always verify current terms and conditions directly with the lender before signing any agreement. CoolFinance.ph is an independent comparison portal operated by double technology s.r.o., Czech Republic.