123 Lending OFW Loan Review Philippines is Legit? Requirements

123 lending OFW loan is a loan service for Filipino workers working abroad with a maximum limit of 50,000 pesos and the lowest interest rate on the market.

In the article below, Retailasiaonline.com will provide detailed information about the OFW personal loan and instructions on the fastest loan application steps.

What is 123 lending OFW loan?

123 lending OFW loan is a personal loan product of 123 Finance Group operating since 2018. This is a reputable loan, legally licensed, providing online financial support for Filipino workers working in the country. with a maximum limit of 3 times the basic salary for a period of 6 to 18 months.

Pros of 123 lending OFW loan

123 lending OFW loan review has the following advantages:

• Reputable lending partner, registered with SEC, certified to operate legally.
• No need to mortgage valuable assets, just register online, no need to meet in person.
• Simple processes and procedures, easy to use and user-friendly website.
• Receive the full loan registration amount, no fees deducted from the loan amount, no hidden fees.
• Process loan requests quickly, easy to borrow, easy to approve, approved within 24 hours. .
• Low interest rates, flexible payment methods.

Cons of 123 lending OFW loan

123 lending OFW loan app review disadvantages are:

• Must prove income.
• No support for bad debt.
• There must be a co-maker.

123 lending OFW loan interest rate

123 lending OFW loans have low interest rates, only about 2.9% to 3.4%/month. The loan will have no hidden fees or service fees.

Example of 123 lending OFW loan interest rate calculation

123 lending OFW loan Ph approval 20,000 for 10 months with interest rate of 2.9%/month.

• The amount of interest payable after 1 month is: 20,000 x 2.9% = 580 pesos.
• The principal amount to be paid after 1 month is: 20,000 : 10 = 2,000 pesos
• Total amount to be paid in 1 month is: 2,000 + 580 = 2,580 pesos.

123 lending OFW loan requirements

Conditions for registering for 123 lending OFW loan are:

• Philippine citizen, from 18 to 65 years old.
• Applicants must have 2 valid government-issued IDs, an electricity bill, if single, a birth certificate is required. If married, a marriage registration certificate, labor contract, and visa are required, with TIN ID or SSS ID.
• Co-maket must have 2 valid IDs issued by the government, an electricity bill, if single, a birth certificate is required, if married, a marriage registration certificate, TIN ID or SSS ID is required.

Guide to register 123 lending OFW loan application Step-by-step

How to register for a quick loan at 123 lending OFW loan:

Step #1: Choose loan limit and term

Visit the website of 123 lending OFW loan. Select apply OFW personal loan.

Fill in the limit and desired loan term.

Step #2: Fill in loan information

Select job, work location, basic salary, monthly spending amount, applicant’s full name, email, date of birth…

Step #3: Check information and submit loan application

Check the loan registration information, read the loan terms and conditions and submit.

Wait for approval information via confirmation text on your phone.

Read more: How to apply Owwa loan for OFW?

Reviews 123 lending OFW loan app feedback

123 lending OFW loan review is rated 4.1 stars from clients in Philippines. It is legit, and simple requirements, supporting quick loans within 24 hours with high limits.

123 lending OFW loan repayment

123 lending OFW loan payment by paying bills through Cebuana Lhuillier, Eastwest bank, BDO. Please fill in the company name, institution code is 1460, fill in the borrower’s name and loan invoice number.

Compare 123 lending OFW loan Philippines with other loan

Sources: Refer to Sate Bank reporting and research.

123 lending OFW loan customer service

123 lending OFW loan Ph complaints are received through contact channels such as:

• Address: 1600 Pedro Gil Cor. J Bocobo St., Malate, Manila (across FROM Robinson’s Place Main Entrance), Philippines.
• Hotline: (032) 260-3839.
• Globe: 09988498486 – 09176536731 – 09178250126
• Smart: 09178830664 – 09989647192 – 09988436846
• Email: collection_manila@123finance.ph

Read more:

• BDO OFW loan
• BPI OFW loan

FAQs – 123 lending OFW loans Philippines

Here are some frequently asked questions about Balikbayad ofw loan service:

Is 123 lending OFW loan legit?

123 lending OFW loan is a financial product of 123 Finance Group. This is a reputable financial corporation, registered with the SEC, including 3 companies: 123 Finance Corporation (registration No.CS201800207, certificate of authority No.1161), ABC Finance Corporation (registration No.CS201910013, Certificate of authority No. .1224), Budget Finance Corporation (registration No.CS201818039, certificate of authority No.1180)

Is 123 lending OFW loan harassment?

123 lending OFW loan is a reputable loan from a famous and reputable financial group at the top of the market, licensed to operate since 2018. Lending partners have provided loans to hundreds of thousands of workers. Philippine operations abroad, commit to never harass borrowers in any form.

How to make 123 lending OFW loan complaints?

123 lending OFW loan supports answering all complaints and questions via Landline at (032) 260-3839, Globe 09988498486 – 09176536731 – 09178250126, Smart: 09178830664 – 09989647192 – 09988436846, Sun : 09 237299831 – 09237299859 – 09258518093. You can Contact during office hours, every day of the week. The email address for customer service information is collection_manila@123finance.ph.

In conclusion – Should you apply to 123 lending OFW loan?

123 lending OFW loan is a reputable loan, allowing Filipinos working abroad to borrow up to 3 times their basic salary, paid in installments for a period of 6 months to a maximum of 18 months with low interest rates and no fees. hidden.

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