Knowledgebase

Got questions about Loansolutions.ph? you're in the right place!

What are the requirements for a loan?

Each bank has their own standard qualification and requirements. We put together the standard qualifications to come up with the minimum standards. However, your qualification will still depend on the bank we match you with.

FOR EMPLOYED:

Qualification

  • Age: 21 – 65 years old (upon loan maturity)
  • Minimum income: 15,000 gross per month
  • Tenure: At least 1 year in current company

Requirements

  • Certificate of Employment
  • Latest Payslip(s)
  • Income Tax Document
  • Latest Utility bill statements
  • Company Identification

FOR SELF-EMPLOYED:

Qualification

  • Age: 21 – 65 years
  • Minimum income: 30,000 gross per month
  • Operation: At least 2 years in business

Requirements

  • Copy of Registration of Business Name
  • DTI for single proprietors
  • SEC Documents for partnerships
  • Audited Financial Statements (for the last 2 Years)
  • Income Tax Document
  • Bank Statements
  • Any valid identification

FOR SEA-BASED OFW:

Qualification

  • Age: 21 – 65 years old (upon loan maturity)
  • Minimum income: 15,000.00
  • Tenure: At least 1 year in current company

Requirements

  • Latest contract with POEA validation
  • OEC
  • Passport
  • SRC & Seaman’s Book
  • Allotment Slip
  • Marriage contract, if applicable
  • 2 valid ID and 2×2 pictures
  • Barangay Clearance
  • Latest utility bills

FOR LAND-BASED OFW:

Qualification

  • Age: 21 – 65 years old (upon loan maturity)
  • Minimum income: 15,000.00
  • Tenure: At least 1 year in current company

Requirements

  • Latest contract with POEA validation
  • POEA Information Sheet
  • OEC/E-Receipt
  • Passport and Visa
  • Flight Details (first timer) / Plane Ticket (balik mangagawa)
  • Philippine Arrival Stamp (for re-entry)
  • Marriage contract, if any