BDO
Kabayan Personal Loan
BankLoan amount—
Term—
Interest rate—
Monthly repayment—
COMPARE · 3 COMPANIES
OFW & seafarer loans
Compare OFW loans and seafarer financing. Check the documents needed for your employment or contract and whether repayments fit your remittance schedule.
Go to the comparison ↓
A LITTLE ABOUT YOUR PLANS
Start with what you need.
Move the sliders. We’ll narrow down the options for you.
1 Your needs2 Your options
YOUR STARTING POINT, MADE CLEARER
3 companies to compare
Choose an amount and term above to see potential options.
Updates as you adjust
We check your choices against published information. Missing terms still need confirmation, appearing here does not mean approval. How this works
BDO Network Bank
Kabayan Loan
BankLoan amount₱300,000from ₱30,000
Term—
Interest rate—
Monthly repayment—
Requirements & documents+
BPI
Seafarer Loan
BankLoan amount₱300,000
Term—
Interest rate—
Monthly repayment—
Requirements & documents+
Plan your repayments
BEFORE YOU CHOOSE
What deserves a closer look
Use the contract as a starting point
Some lenders tie the loan term to your employment contract. Plan how repayments will fit between contracts as well as during paid employment.
Allow for currency movements
Income in another currency can change in peso terms. Leave room for transfer fees and conversion differences.
Check who must sign locally
The lender may need a representative, co-borrower or specific authorization documents.
Your questions, answered.
Does a seafarer loan depend on the employment contract?
It can. A seafarer’s remaining contract and expected income can affect the available repayment period. BPI is one option in our comparison with contract-linked terms. Budget for months between contracts as well as the months you expect to be working.
What income evidence can overseas workers prepare?
Prepare your employment or agency contract and evidence of earnings or remittances. Accepted documents depend on whether you are the overseas worker, a seafarer or an allottee. Check the profile for the relevant applicant type.
Can an allottee use remittance income when applying?
Some offers accept qualifying remittance income. BPI includes documentation for allottees in its application information. Check who can apply, how regular the transfers must be and who signs the repayment agreement.
Can I apply before boarding a ship?
Some offers assess applicants using a confirmed contract before departure, but timing and documentary requirements vary. Confirm that your contract and boarding date meet the lender’s conditions before budgeting around a release date.
Can I apply for an OFW loan while overseas?
The application channel depends on the company and applicant type. Some arrangements require a branch visit and supporting documents. If you are overseas, confirm whether remote submission or an authorized representative is accepted before sending personal records.
Will a peso installment change when exchange rates move?
The peso obligation may stay the same while its foreign-currency cost changes. Budget for conversion and remittance charges as well.
What happens if my overseas contract is delayed or ends?
Notify the lender and ask about repayment arrangements. Do not base your budget on an unconfirmed contract renewal or departure date.
Can an OFW compare ordinary bank loans too?
Yes. Some banks accept qualifying overseas income outside dedicated OFW programmes. Compare eligibility and total cost instead of relying on the loan label.
Does Pesopal approve OFW and seafarer loans or lend me money?
No. Pesopal compares OFW and seafarer borrowing options and published information. The lender or programme administrator assesses your application and issues the offer. Changing our filters does not submit an application or guarantee eligibility.
What should I verify after comparing OFW and seafarer options on Pesopal?
Check accepted employment records, contract-linked term, deductions and remittance costs on the lender’s official website or app, then confirm your written offer.