Requirements Salaried Individual OFW In Business
Application
  • Filled out and Signed Car Loan Application Form
  • Valid Government-issued ID (preferably passport)
    • For Foreigners (SRRV): Foreign Passport and One (1) valid Philippine Retirement Authority (PRA) SRRV ID
    • For Foreigners (other visa types): Foreign Passport OR valid ACR I Card and Annual Report Fee Official Receipt
  • Income Documents:
    • Original Certificate of Employment (COE) with compensation, position or job title, and tenure; OR
    • Pay slips for the last three (3) months/ payroll bank statements; OR
    • Latest Income Tax Return (ITR)* or BIR Form 2316
  • Filled out and Signed Car Loan Application Form
  • Valid Passport
  • Income Documents:
    • For land-based OFWs: Original COE with Salary, position, tenure, and employer’s email
    • For sea-based OFWs: Latest POEA contract and Certificate of Sea Service with work history and tenure
  • AND
    • Proof of monthly remittance for the past six (6) months (under the name of the OFW or their immediate family members); OR
    • Pay slips/payroll bank statements for the last three (3) months
  • Filled out and Signed Car Loan Application Form
  • Valid Government-issued ID (preferably passport)
    • For Foreigners (SRRV): Foreign Passport and One (1) valid Philippine Retirement Authority (PRA) SRRV ID
    • For Foreigners (other visa types): Foreign Passport OR valid ACR I-Card and Annual Report Fee Official Receipt
  • Business Papers:
    • For Single Proprietorship: BIR Form 2303 (Certificate of Registration) AND DTI Certificate of Registration OR Business Permit
    • For Partnerships: Article of Partnership with names of Partners
    • For Corporation: SEC Registration with Articles of Incorporation and By Laws AND updated GIS with Names of Shareholders and Senior Management
  • Income Documents:
    • Latest six (6) months bank statements AND
    • If loan exposure > 3MM:
      • Latest Income Tax Return (ITR) AND Two (2) years Audited Financial Statements