Balikbayad OFW and Seaman Loan 1.7.0

Designed specifically to cater to the financial needs of Overseas Filipino Workers (OFWs), Balikbayad is a premier loan facility that assists individuals in securing employment opportunities abroad. The platform offers expedited, straightforward, and cost-effective OFW loans without any hidden fees, collateral requirements, or deductions involved.

Key Product Features:

1. Balikbayad is Fast – Instantly pre-qualify and receive results in as little as 1 day*. (*Processing time subject to variation based on individual applicant circumstances and document submission).
2. Balikbayad is Simple – Utilizing cutting-edge software, Balikbayad streamlines loan application processing for maximum efficiency. Bid farewell to prolonged wait times, misplaced applications, or lost paperwork - inefficiencies are non-existent within the Balikbayad system.
3. Balikbayad is Affordable – Offering competitive interest rates, Balikbayad believes that acquiring a loan should not strain your finances. With our flexible terms, loan repayment becomes seamless and hassle-free.

To further enhance user convenience, Balikbayad has minimized document requirements and eliminates the need for collateral for loan qualifications.

How It Works:

1. Download and install the Balikbayad app.
2. Complete the pre-qualification form.
3. Upon receipt of your pre-qualification notice, visit your designated branch and submit necessary documents.
4. Receive loan approval.
5. Access 100% of your approved loan amount.

Representative Example of Total Loan Costs:

• 6 Months OFW Installment plan for PhP 100,000:
  • - Disbursement of PhP 100,000 to borrower with no initial deductions.
  • - Repayment in 6 monthly installments of PhP 22,310 including Principal (PhP 16,667), Interest (PhP 3,510), and Service Charge per installment (PhP 2,134).
  • - Total repayment amount of PhP 133,858 comprising Principal (PhP 100,000), Interest (PhP 21,058), and Service Charges (PhP 12,800).

Loan Features and Costs Information:

• - Loan duration ranging from 3 to 12 months.
• - Maximum Annual Percentage Rate (APR) for OFW loans is set at 68% and for Seaman loans at 88%.

Disclosure Statement:

We will furnish you with a comprehensive Disclosure Statement before proceeding with any loan agreement. It is imperative to review the terms and conditions outlined in this statement diligently prior to finalizing your loan transaction.

Balikbayad is a product developed by First Digital Finance Corporation (PSEC Registration Number: CS201516347) operating under the business names: FDFC, Balikbayad, Billease. The corporation is authorized and regulated by the Securities and Exchange Commission as a financing entity (CoA No.: 1101).

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Contact us via email at: [email protected]

Reach us via phone at: 5310-1535 | 5320-3051

SMS us at: +63 995 429 6450 (Globe) | +63 918 345 8003 (Smart)

Connect with us on Facebook at: facebook.com/balikbayadph