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