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Though, the loan proceeds will be in Pesos. Applicant should be the OFW only. However, if the deposit collateral is a joint account, beneficiary may apply as a principal borrower of the loan The following cannot be allowed to be held as collateral In Trust For accounts Accounts with existingongoing hold-out arrangements.
Overseas Filipino Worker (OFW) Eligibility Requirements 25 Years old at the time of loan application and not 65 years old at the time of loan maturity Former Filipinos with or withour dual citezenship Filipinos married to foreigners Filipinos based abroadOFW and their Beneficiaries 2 years continuous employment contract 3 years continuous employement for domestic helpers Must have at least one (1) landline at either residenceaor employmentbusiness Gross monthly income must be P10,000 or its US equivalent No adverse findings in BAP-NFIS and other internal negative files Beneficiary requirement Required only if proceeds will be released personal loan affidavit any person other than the applicant himherself Beneficiary must be residingworking within BDO serviceable areas (30km radius from any BDO branch) Signed Automatic Debit Arrangement Form Authorization Letter for Benefiaciary sign by OFW Benificiary Information Form.
Document Requirements: Proof of Income for Salaried Employees. Photocopy of the latest BIR Form 2316 or W2 signed by employers authorized representative (MANDATORY) and submit any of the cash advance lakeside va Original Certificate of Employment and Cash advance lakeside va (COEI) issued in the last three (3) months indicating status, length of service and breakdown of compensation Photocopy of last full month pay slip.