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Apply online and comply with the documentary requirements by sending
them to the MVC FINANCING SERVICE personnel that contacted you. Also, inform your beneficiary about your application
for a faster processing of your loan. If requirements are complete, we can give you your Migrant Loan in just 24 hours.
Don’t
forget to inform your beneficiary and co-borrowers about the loan.
Documentary Requirements:
- Scanned copy of Passport (1st page only)
- Scanned copy of latest entry and exit stamps (applicable for residents, citizens or immigrants or if the OFW
is deployed below 1 month)
- Scanned copy of Visa or Work Permit
- Scanned copy of Certificate of Employment or Contract
- Scanned copy of payslip or Company ID
- Scanned copy of ID (with signature) or marriage contract or Bank Confirmation
- Must have a beneficiary (Residing in the Philippines, examples: parents, spouse, brother, sister, son and daughter
only).
- Must have a Co-Borrower (Parents, Spouse, Son, Daughter, Brother, Sister, Grand parents, in-laws, Uncle, Aunt,
Niece, Nephew, Cousins).
flow chart of ofw migrant loan process and mechanica:
- ipaparecieve sa marketing yun application form
and complete documents with pn and disclosure na me sign ng borrower abroad.
- dadaan ng screening yun folder mo.
- for interview na account officer namin ang mga coborrower.
gagawan ng report ng A.O. bago ipadala sa crecom.
- ipapadala sa credit committee para approbahan at kung
magkano ang approval, dito rin malalaman kung me kulang na documents dito rin magmumula ang pagtawag sa iyo for interview
via IDD call.
- pagna-approved na dadalhin sa sa credit review department
para iconfirm yun mga requirements niyo kung kumpleto na o me kulang pa. pagkumpleto na at naconfirm na ioout ng CRD.
- dadalhin sa loan department kung saan gagawin ang tseke
mo. habang nasa loan department mag-oopen ng current account mga coborrower niyo dito sa pilipinas.
- pagkatapos na mag-open account ay pupunta na ng releasing
department at doon hihintayin ang tseke mo na marelease mga coborrower mo ang tatanggap dito.
- then ipapaencash niyo ito kinabukasan kasi aabutin
ng gabi ang proseso.
ang proseso po tatapusin sa loob lang 6 oras to 1 araw.
(1 day release).
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