OFWs have unique needs. This is the reason why OFW loans are specially made for them. Even before reaching the shores of another country where they are about to work, the OFW’s main problem is where to get the money to process their application. Some pawn their family heirloom, others mortgage their homes, many sell their lands, and a lot of them get unsecured loans. Then, they also have to wait a month before they receive their first salary. This adds up to their worry about how their family could survive that dry month. With so many hardships our OFWs go through, it is only fitting to give them a Pinoy OFW loan exclusively for theirs and for their allottees. A Lot Of OFWs Apply For Loans. However, There Are Certain Reasons Why Many Also Fail To Get Approved. Understand and avoid the following when you apply for your OFW online loan application.  Some OFWs falsify their documents A lot of moneylenders are willing to give OFW loan online.  However, no matter how badly you need a loan, never fake your documents. This is very unprofessional, and if the lenders find out, they might take legal action against you, and this will cause more problems. If you get convicted, this will show in your NBI and police records, ultimately diminishing your dream to work abroad. Having low or no credit score. Most moneylenders base your creditworthiness on your credit score. The credit score reflects your credit history. Your score will flank if you did not diligently pay your previous loans, especially bank loans. There are moneylenders who offer loans to those with a low credit score. Shop around for other options by surfing the net, asking friends, and searching on various social media. Failure to produce required documents Most of us have experienced falling in line for long hours just to claim a legal document or government IDs. Usually, these do not come cheap too many of us don’t get this paperwork unless we really need to. In the end, we procrastinate. This is why some OFWs can’t present complete OFW loan requirements when moneylenders ask for them. It is better to keep your documents at hand and have them scanned to have soft copies readily available. Low basic salary in the contract Some moneylenders do not approve loans if your indicated salary is less than P25,000. You can choose other moneylenders who require a less minimum salary. However, never falsify your document. No guarantor or co-maker There are moneylenders who required guarantors or co-makers before they can approve a loan. Lenders have different terms and conditions. Take time to shop around for those which do not require a guarantor. Having a guarantor is beneficial for lenders as this can be their safety net in case they are unable to pay up your loan. However, it can create a rift between you and your friend or relative who stood as your guarantor.