BDO OFW Loan: Requirements, Calculator - How to Apply?

BDO OFW Loan: Requirements, Calculator - How to Apply?

What is BDO?

Banco de Oro, Inc. is a publicly listed Philippine banking and financial services corporation with headquarters in Makati, Manila. It is the second-largest bank in the Philippines in terms of assets and market capitalization.

BDO not only offers international services, but also has a wide array of banking products and services for the local market. It has branches all over the country and offers a wide range of currencies like the United States Dollar, British Pound, Euro and the Philippine Peso. It provides a wide range of financial services for its clients, including credit card, personal loans, investment services, and more.

BDO loan for OFW, how does it work?

If you are planning for your family to move abroad and you have an overseas Filipino worker (OFW), you may want to help them prepare for their overseas move. There are a number of ways that you can help your OFW prepare for their overseas move. One option is to help them get a loan from BDO Kabayan. BDO Kabayan is a personal bank based in the Philippines that has been providing financial services and loans to OFWs since 1970’s.

Moreover, BDO Kabayan loan is a personal loan that is available for overseas Filipino workers who want to establish a business or for medical expenses. This loan can be availed in the form of lump-sum or installments. The loan interest rates are lower than other loans since BDO is a reputable bank.

BDO housing loan for OFW

If you are an OFW, you may be interested in applying for the BDO Home Loan. BDO Home Loan is specially designed to help OFWs (Overseas Filipino Workers) purchase their first home. Although this loan is available to both Filipino and non-Filipino OFWs, you have a more chance of approval if you are an OFW.

The minimum loan amount of OFW Home Loan is PHP 500,000 and it is payable up to 20 years.

BDO OFW personal loan

If you're planning to make a big purchase overseas or you want to take a vacation in a place that you don't know well, it can be a good idea to apply for a personal loan. Overseas Filipino Workers can apply for a BDO OFW personal loan from their home country to cover expenses such as travel, vacation, education, and medical treatment.

How much is the OFW BDO loan?

For BDO OFW loan, overseas Filipino workers can have a minimum loan amount of PHP 15,000. The maximum amount is not disclosed, but it’s better that you have a high credit score or a highly qualified applicant to get a better amount.

Interest rate

BDO OFW Loan can be unsecured or secured loans. For unsecured loans – which means is not backed by a collateral, the interest rate is between 39% to 41.71%. This number is relatively high compared to other government-built loans for OFW.

Moreover, for secured loans which are backed by a collateral, the interest rate is only 17%.

Benefits of BDO OFW loan

The Overseas Filipino Worker (OFW) Loan from Banco de Oro Philippines is a loan program that offers a wide range of financial products for OFWs who want to go home and start a business, improve their lifestyle, or buy home appliances, furniture, and more.

If you are considering the BDO OFW loan, you should know that it is safe and secure. You don’t have to worry about your loan status because the bank will be the one to make it non-complex for you.

How to apply loan in BDO for OFW?

If you want to apply for a loan in BDO for OFWs, you must go to any branches of BDO bank near you and submit the requirements to any BDO loan customer service representative. The requirements you need are:


  • Application form

  • SPA or Special Power of Attorney

  • Deed of Assignment

  • Beneficiary information form

  • Valid ID’s

  • Proof of residency

  • Auto-debit arrangement form

Keep in mind that the requirements for unsecured loans and home loans are different. It’s better if you take the time to make a call to BDO and start from there.

Loan calculator

A loan calculator is a useful tool for calculating your loan and considering the total amount of interest you will have to pay. You can calculate your loan using the BDO Loan Calculator on their website.

How to make an online application?

As of now, BDO requires applicants to go to respective branches of their bank to apply. But you can download their different application forms online. Just go to and find the financial product or tool you prefer.

How to pay the BDO OFW loan?

You can pay the BDO OFW loan through the following:

  1. Online banking

  2. Over the counter transactions

  3. Remittance centers (varies)

  4. Convenience store pay hub such as 7/11 (varies)

  5. BDO bank branches of your choice

What happens if I can't pay?

There are late payment fees charged to borrowers who forgot to pay their dues on time or won’t able to pay their reimbursement fees. If it happens that you can’t really pay, it’s better that you advise a customer service representative so they may hold your account.

BDO, customer service

If you wish to raise a question or you have any inquiries about our BDO Home Loan or BDO OFW Loan, you can reach out to BDO Philippines through the following contact number:

Call BDO Customer Center at 631-8000

BDO OFW loan, reviews

The BDO OFW loan is a loan for OFWs who are based in the Philippines and need a loan for their businesses or personal purposes. A lot of people are fond of this loan as it allows OFWs to travel, spend money on medical expenses, or establish a small business. It is one of the many loan products available for OFWs, so one could choose to borrow from all the banks that offer loan products.

Have you used the BDO OFW loan? Share your experience here.

Sabina S. Japas


Amorlina Jambalos Agbon

I can't get to apply OFW loan

Fatima N Sarip

I am trying to get a loan of 300k

Send your review
This article was updated on 7 august 2022