Reviews
OFW Loans Updated: 14. 04. 2026

BDO OFW Loan – review 2026

4,4 / 5

BDO Unibank's OFW loan program provides Overseas Filipino Workers with access to unsecured personal credit from PHP 10,000 to PHP 1,000,000 at a fixed monthly add-on rate of 1.30%, with applications accepted at BDO branches in the Philippines and at select BDO Remittance offices abroad. The loan is designed to accommodate the irregular employment documentation of OFWs, accepting POEA-validated employment contracts and allotment slips in lieu of local payslips. Repayment can be arranged through monthly allotment deduction or BDO account debit.

Pros

  • Accepts POEA-validated OEC and employment contract as income proof
  • Loan amount up to PHP 1,000,000
  • Fixed 1.30% monthly rate
  • Repayment via allotment deduction available
  • BDO branches accessible in over 1,500 locations

Cons

  • Processing takes 7-10 banking days
  • Requires co-borrower (spouse or immediate family) in Philippines
  • Original documents may need to be submitted in person
  • Exchange rate fluctuation may affect peso loan repayment for land-based OFWs
  • Not available entirely online – branch visit required

Requirements

  • Active OFW with valid POEA-processed employment contract
  • Aged 21-65 at time of application
  • Minimum monthly income USD 400 or equivalent
  • Valid passport and OEC (Overseas Employment Certificate)
  • Co-borrower or beneficiary residing in Philippines

Company information

Name
BDO Unibank, Inc.
Address
BDO Corporate Center, 7899 Makati Avenue, Makati City 0726, Philippines
Web

Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.