Guide on How Much Is the Required Income in Applying for the South Asialink Finance Loan for OFWs
SOUTH ASIALINK FINANCE LOAN – Here is a guide on the required income in applying for the South Asialink Finance Corporation’s personal loan offer for overseas Filipino workers (OFWs).
In the Philippines, there are several personal loan offers that you can turn to when you and your family are in the face of financial emergency. You can even apply for them even if you are working abroad.
Not only banks but as well as lending companies offer personal loans. One of the prominent lending firms with the said offer is the South Asialink Finance Corporation or SAFC. It got an offer for the overseas Filipino workers.
Based on an article on iMoney PH, there is a list of minimum eligible requirements that the lending company has set in applying for the said South Asialink Finance Loan. To be eligible, the OFW applicant must be:
- between 21 to 59 years old
- employed for at least three (3) months in the current company
- earning at least Php 20,000.00 per month
According to the article, there is no need for a guarantor in applying for the said loan offer. Also, the said offer is collateral thus there is no need to present a property in applying for it. The following must be prepared in applying:
- basic documents
- Copy of latest employment contract with the validation of the Philippine Overseas Employment Administration
- visa / working permit
- passport
- plane ticket
- Overseas Employment Certificate (OEC)
The loanable amount under the South Asialink Finance loan depends on the approval of the lending company. You may pay for the loan for up to twelve (12) months or one (1) year. The evaluation of the application may take one (1) to three (3) days since its filing.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
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