Reviews
OFW Loans Updated: 14. 04. 2026

Land Bank OFW Loan – review 2026

4,3 / 5

Land Bank of the Philippines, a government financial institution, provides OFW loans from PHP 10,000 to PHP 500,000 at annual rates of 10% to 12%, offering longer repayment terms of up to 60 months compared to most commercial OFW loan products. The program is designed to support OFW livelihood and family development objectives and is accessible at Land Bank branches throughout the Philippines. Beneficiaries or attorneys-in-fact can process applications on behalf of the OFW borrower.

Pros

  • Government bank – stable and trusted institution
  • Repayment terms up to 60 months
  • Below-commercial annual interest rates 10%-12%
  • Beneficiary can process application in Philippines
  • Loan amounts up to PHP 500,000

Cons

  • Processing takes 10-15 banking days
  • Requires in-person application at Land Bank branch
  • Documentation requirements are extensive
  • Annual rate still results in significant total cost
  • Fewer branches than private commercial banks

Requirements

  • Active OFW aged 21-60 with valid employment contract
  • OWWA member or valid OEC holder
  • Beneficiary or attorney-in-fact with Special Power of Attorney
  • Valid passport and visa
  • Proof of income – employment contract or allotment slip

Company information

Name
Land Bank of the Philippines
Address
1598 M.H. Del Pilar corner Dr. J. Quintos Streets, Malate, Manila, 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.