Category: Compare Loans

For landbased Overseas Filipino Workers (OFW), have a look at the loan comparison chart we put together from information we gathered from different private lending companies. This table serves as a calculator for various loan amounts. It shows how much your monthly payment would be for 6 months and no grace period given the loan amount. We use the net pay out amount, after any up-front fees deducted to make the numbers comparable. Wherever possible, we use mystery shopping and actual amortization tables shared by customers:

	Asialink / Finaswide	Balikbayad	PJH	Zazu	123 Lending
30,000	7,822.50	6,779.17	8,454.44	7,317.15	6,952.80
50,000	13,037.50	11,345.83	14,090.91	12,195.25	11,588.00
70,000	18,252.50	15,912.50	19,727.27	17,073.35	16,223.20
100,000	26,075.00	22,762.50	28,181.82	24,390.50	23,176.00
120,000	31,290.00	27,329.17	33,817.76	29,268.60	27,811.20
150,000	39,112.50	34,179.17	42,272.20	36,585.75	34,764.00
180,000	46,935.00	41,029.17	50,726.64	43,902.90	41,716.80
200,000	52,150.00	45,595.83	56,362.93	48,781.00	46,352.00

For seaman loans, please click here.

If you are a returning OFW and need the loan for business purposes, you could also consider an OWWA Loan.

For Seaman, have a look at the loan comparison chart we put together from information we gathered from different private lending companies. This table serves as a calculator that shows how much your monthly payment would be for 6 months and no grace period given the loan amount. We use the net pay out amount, after any up-front fees deducted to make the numbers comparable. Wherever possible, we use mystery shopping and actual amortization tables shared by customers:

	Asialink / Finaswide	Balikbayad	Global Dominion	PJH
30,000	6,584.02	6,466.84	6,716.40	6,608.27
50,000	10,936.95	10,825.29	11,147.35	11,013.79
70,000	15,289.80	15,183.73	15,578.31	15,419.31
100,000	21,819.26	21,721.40	22,224.73	22,027.58
120,000	26,172.32	26,079.85	27,109.82	26,433.10
150,000	32,701.82	32,617.52	33,887.27	33,041.37
180,000	39,231.33	39,155.19	40,664.73	39,649.65
200,000	43,584.26	43,513.64	45,183.03	44,055.17

For OFW loans, please click here.

If you are a returning OFW and need the loan for business purposes, you could also consider an OWWA Loan.

Hi kababayan! Do you want to know the requirements in applying for an OFW or Seaman loan? Check below for the requirements of each lending company.

Legend:          ✓ – required          x – not required

 

Borrower’s Requirements:

	Asialink	Balikbayad	MLC	PJH	Zazu	123 Lending
2×2 picture	3 pcs	x	2 pcs	2 pcs	2 pcs	3 pcs
Valid IDs*	2 pcs	1 pc	2 pcs	2 pcs	2 pcs	2 pcs
Valid Passport	✓	✓	✓	✓	✓	✓
Proof of billing**	✓	✓	✓	✓	✓	✓
Barangay Clearance**	✓	x	✓	✓	✓	✓
Official Employment Contract***	✓	✓	✓	✓	✓	✓
Valid visa to the country of deployment	✓	✓	✓	✓	✓	✓
Valid Plane Ticket	✓	✓	✓	✓	✓	✓
Birth/ Marriage Certificate of Borrower	✓	x	✓	✓	✓	✓
Overseas Employment Certificate (OEC)	✓	✓	✓	✓	✓	✓

*Government issued; signed by borrower

**Most recent and contains borrower’s name and residence address

***Must bear the signature of both the employer and employee; must show the salary, allowances, contract duration and country of destination

For Seaman, in addition to the requirements above, lending companies also require seaman’s book, seaman’s registration certificate and an allotment certificate.

 

Co-maker’s Requirements:

	Asialink	Balikbayad	MLC	PJH	Zazu	123 Lending
2×2 picture	3 pcs	x	2 pcs	2 pcs	2 pcs	3 pcs
Valid IDs*	2 pcs	1 pc	2 pcs	2 pcs	2 pcs	2 pcs
Proof of billing**	✓	✓	✓	✓	✓	✓
Barangay Clearance**	✓	x	x	✓	✓	✓
Sketch of Residence	✓	✓	✓	✓	✓	✓
Proof of income	✓	x	x	x	✓	✓
Birth/ Marriage Certificate	✓	✓	✓	✓	✓	✓
Cedula	x	x	x	✓	✓	✓
Owning Residence	✓	x	✓	✓	✓	✓

*Government issued; signed by co-maker

**Most recent and contains borrower’s name and residence address

 

Note: If there is any wrong information, please send us a message and we’ll try to correct it immediately

Do you have questions such as what is the maximum amount you can loan, or how long the loan terms offered by lending companies are? You have definitely come to the right place to find answers to these simple questions and other features that lending companies offer.

Features	Asialink	Balikbayad	PJH	Zazu	123 Lending
Minimum Salary	Php 17,000	Php 20,000	Php 20,000	Php 20,000	Php 20,000
Minimum Loan Amount	Php 15,000	Php 20,000	Php 25,000	Php 20,000	Php 20,000
Maximum Loan Amount	2x of salary	2x of salary	2x of salary	2x of salary	2x of salary
Term (months)	6 to 12	6 to 18	3 to 12	6 to 18	6 to 12
Processing Time (days)	1	1	1	1	1
Full Amount on Net Proceeds	No	Yes	No	No	Yes
Maintaining Balance for Checking Account	Deducted from loan	Paid by Balikbayad	Deducted from loan	Deducted from loan	Deducted from loan
Co-makers	2 if above P150,000	1	2 if above P100,000	2 if above P100,000	2 if above P100,000