SOUTH ASIALINK CREDIT CORPORATION
OFW PERSONAL LOAN
Benefits
- 5% interest rate per month
- Get approved in as fast as 1 day
- No credit card required
Product Features
- financing amount: ₱20,000.00
- Financing amount: ₱250,000.00
- loan tenure: 6 months
- Loan tenure: 18 months
- Interest rate: 2.5% per month
- Approval duration: Up to 1-3 working days
- Debt consolidation: No
Fees & Charges
One time set up
- Processing fee: 5% of loan amount
- Stamp duty: N/A
- Disbursement & misc. fee: N/A
Penalties
- Early settlement: Rebates are computed by Accounting Department.
- Late payment charges: ₱1,500 or 15% of monthly amortizations (whichever is higher)
Eligibility
- Age requirement: Age 21 – 59
- Employment eligibility: At least ₱17,000.00 monthly income
- salary requirement: ₱17,000 gross per month
- Guarantor / Collateral: No
Other Requirements
- Need to open linked banked account? No
- Other details: Method of Payment – through ML or Cebuana Lhuillier payment centers
Frequently Asked Questions
- How much can I borrow?
With an SACC OFW Personal Loan, borrow as much as ₱250,000, subject to approval.
- What are the South Asialink Credit Corporation OFW Personal Loan Requirements?
An applicant must fulfill SACC’s eligibility criteria for a loan:
- At least 21 years old; 59 years old upon loan maturity
- Must have a minimum salary of at least ₱17,000
- No derogatory records with banks and other financing company
- Rank and file employees up to managerial level is allowed.
Consequently, after filling out an application form, the following documents are necessary:
Basic Documentary Requirements
- Copy of latest contract of deployment with POEA validation
- Visa/Working Permit
- E-Receipt/Overseas Employment Certificate (OEC)
- Plane ticket/Flight Details
- Passport
NB: Additional documents may be required during credit evaluation. Linked bank account is required for all those with ₱250,000 and above loan approval.
- How does the South Asialink Credit Corporation OFW Personal Loan Calculator work?
The SACC OFW Personal Loan calculator computes the estimated cost of borrowing and amount of payment per installment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.
