At this point, you know what an OWWA Loan is, how it aims to help Filipino migrant workers build a sustainable life in the Philippines, and the requirements you need to accomplish to process your loan application.
Here’s the next question: Are you an eligible borrower?
Apparently, being a migrant worker is not enough so you could avail of the benefits of OWWA Loan. Apart from the requirements you need to submit, the borrower itself – and that means you – must also fulfill the requirements provided for by OWWA.
How will you know if you are an eligible borrower? 
You must be a certified OWWA member, whether active or non-active. You must be able to prove such by presenting POEA-attested employment certificate, passport with POEA-LAC stamp, or your E-card. Consequently, you must also complete the Enterprise Development Training (EDT) before you can be allowed to avail of this loan facility. You can learn more about EDT here.
Let’s say you want to apply for OWWA Loan, but you are working abroad. The good news is you can still apply as long as you are represented by any of the following:
- If Married – Your legal spouse.
- If Single, Separated-in-Fact, or Widower – Your parents who are not older than 60 years old upon maturity of the loan or your child/ren at least 18 years at the time of availment of OWWA loan.
Another cause of concern is the age of the borrower. If you or your attorney-in-fact (a person you authorized to perform business-related transactions in your behalf by virtue of a power of attorney) will be more than 60 years old at the time of loan maturity, you will be required to have a co-maker. Your co-maker can be your children at least 18 years of age or your sibling.
Keep in mind that if you plan to start your business venture, you can avail of OWWA Loan within three years from your date of arrival in the Philippines. The three-year rule will not apply if you have an ongoing business already.
With these requirements, are you an eligible borrower? Make sure you are to make the processing of your loan easier and hassle-free.
hi po..isa po alo ofw..gusto ko po mgloan sa owwa…pr mpkinbngan nmn po ung taon taon na bayad nmin..sna namn po ehh wl na kyo marami pkmi pgddann n proseso…at.puwd po bng mg tnong..totoo po ba na pg ng forgood npo ang isang ofw ay meron kmi ma rerefund…gling owwa…slmt po…
May proseso po na sinusunod ang pag-apply ng loan sa OWWA. Para po masiguro nila na angkop ang negosyo na nais niyong itayo at ang kapasidad ng isang OFW na makapag-bayad. Dun po sa refund, hindi po namin masasagot. Mas mabuti po na ilapit ang concern sa OWWA dahil sila po ang mas nakakaalam. Salamat.
Hi there, its me again! Is the loan youre offering only good for a business? Arent you offering like for example for house construction? Most of us ofws dont have our own house or some have to reconstruct it, so it will be a good idea if you can give a loan for that as well. Thanks
Hi Kim. OWWA Loan is only for business. For Housing Loans, you can check out SSS or Pag-ibig Home Loans since they have facilities specifically for OFWs. You can learn more about their services here –
https://www.balikbayad.ph/blog/own-your-dream-home-with-sss-direct-housing-facility-loan/
https://www.balikbayad.ph/blog/ofws-guide-on-how-to-get-a-housing-loan-from-pag-ibig/
Owwa Refund
Wondermom Blog·Saturday, January 14, 2017
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OFW’s TO BENEFIT OWWA REBATE PROGRAM, MEDPLUS PROGRAM THIS YEAR
From OWWA ADMIN HANS CACDAC: “Paunawa lang po patungkol sa “Rebate” para sa mga OWWA members. Ayon po sa Republic Act No. 10801 o “OWWA Act”, magkakaroon po ng “rebate” o halaga ng pera na maaring ibigay o ibalik ng OWWA sa mga OFW na miyembro ng OWWA sa loob ng hindi bababa ng sampung (10) taon. Dapat lamang po ay hindi nakinabang ang nasabing OFW o kaanak nito sa anumang serbisyo o benepisyo mula sa OWWA.
Bago po maitalaga ang “Rebate System”, kailangan po ng “actuarial study” o pagsusuri ng isang dalubhasa sa pagtukoy ng halaga ng benepisyo na sang-ayon sa kakayanan ng pondo.
Sa unang anim na buwan po ng 2017, magkakaroon po tayo ng “actuarial study” at pagsumite nito sa OWWA Board of Trustees, para po maitalaga ang “Rebate System”. Antabayanan na lamang po ang anunsiyo patungkol dito.”
Hi po, 12 yrs na po ako dto sa Saudi
Gusto ko po sana mag loan but not for bussiness, pagawa po ng bahay
Di naman po ako regularvremitter ng sss so I don’t think maka avai ako ng loan doon but am still working here till now at gusto Koloa 5 yrs more loloobin ngnPangijoon
Makaka avail po ba ako Sa loan program nyo?… salamat po
Hi Rachel. Maaari kayong mag-avail ng OWWA Loan as long as active member po kayo.
Tanung ko lang khit ba 50k lang e loan need pa rin ba collateral?
Pwede po tayo mag non-collateral loan. To fastrack your loan approval, it is recommended to have a co-borrower po.
Pwd po ba ako makaloan gagamitin for hongkong….9yrs na po ako ofw ibat ibang bansa ngayon dto ako sa kuwait 2 months from now uuwi na po ako at mag apply for hongkong but kailangan ko pangbayad sa agency. ..sana matulungan nyo ako.
Hi, ang OWWA Loan ay para po sa negosyo. If you need cash help, you can apply sa mga private lenders gaya ng Balikbayad (https://www.balikbayad.ph/) to help you pay for the fees.
Hello pwide rin po ba mag apply nang OWWA loan while still working abroad pa? Pwide po ba sister ko ang mag poprocess sa pinas?
Hello. As per OWWA requirement, your spouse (if married) or parents below 60 (if single) may process the loan on your behalf.
Hello po dti po akong ofw from taiwan noong 2000 to 2002 po aq finish contract po aq gusto q po mg avail ng ofw owwa loan single p po aq noon ng mg abroad ngayon may asawa n aq at may negosyo gusto q po mgloan pra dagdagan ang capital q for expansion n rin.hoping for yoir reply thnx
Hello. The OWWA Loan is for OFWs with existing employment contracts and active OWWA members. Mayroon mga private lenders na maaaring makatulong para makapag-umpisa o mapalaki ninyo ang inyong negosyo.
Hi maam, isa po akong seafarer, gusto ko po sana mag apply ng loan pra sa ipatayo kung pharmacy, pero wla po akung properties pra maging colateral, ano po pwede gawing sa ganitong sitwasyun? Pra mka avail po ako?
Hi Greeg. Kailangan ng collateral since this will serve as a guarantee for you loan. Kung wala naman, you may apply with a co-maker. You can also present the Lease Contract kung saan ninyo balak ipatayo ang inyong pharmacy or Purchase Agreement ng mga gamot na nais ninyong ibenta. Salamat!
Pwedi po ba ako mg apply sa owwa loan para sanang pandagdag bili ng multicab passenger at sa iba pang expenses pra sa pmasada. Salamat😊
Hi Janine. Hindi namin masisiguro kung ito ay papayagan ng OWWA. Gayunpaman, maaari parin kayo sumubok at mag-umpisa mag-attend ng Enterprise Development Training. Dito palang, malalaman na kung magiging profitable ang gusto ninyong negosyo. You may consider other lenders din with less strict requirements para mapabilis ang inyong loan application. You can check this link for comparison – http://www.ofwloans.ph/ofw-loan/compare-loans/
pwdy ba ako mag apply? nasa resettlement kc kami nakatira. thanks!
Hello Oliver! Are you an OFW with existing Overseas Employment Contract? Apparently, ang OWWA Loan ay para lamang po sa mga OFWs 🙂
Puede ba mag apply ng Business Loan ang returning OFW who spent more than 38 years working and eventually reached his/her senior year abroad? If not anong available welfare program or assistance from Government that they could acquire?
Hi! So far, OWWA offers the loan to help OFWs with their entrepreneurial dreams. Please check this post (http://www.ofwloans.ph/step-by-step-procedure-on-how-to-apply-for-owwa-loan/) for a step-by-step procedure on how to apply for OWWA Loan ot call 8917601-24 local 5516/5517 for further questions. Thanks!
Bissness loan lang ba ang loan ng owwa loan
Hello Gregorio. Yes, OWWA loan is strictly for business purposes only.