Seafarer Loan

Seafarer Loan

Seafarer Loan Features


Loan features

  • Loan from Php 100,000 to as much as Php 500,000
  • All-purpose, no collateral loan
  • Payable through post-dated cheques
  • Borrow up to twice (2x) your salary up to Php 500,000

Payment Terms
Easy payment terms of 5 to 11 months

Do you qualify?

To qualify, you must meet the following criteria
  • At least 28 years old, and not more than 63 years old upon loan maturity
  • With at least 1 completed contract on-board

Requirements

Documentation required
  • Filled up and signed application form
  • Photocopy of contract with POEA stamp
  • Photocopy of Certificate of Departure/e-ticker
  • Photocopy of Overseas Employment Certificate
  • Photocopy of passport and seaman’s book with 3 specimen signatures
  • Photocopy of allotment slip
  • Proof of billing

Requirements for co-borrower

  • Allotment slip assigned to spouse or family member
  • One (1) valid Government issued ID with 3 specimen signatures
  • Proof of billing (if different from principal borrower)
  • Original one (1) month payslip, OR certificate of employment, OR 6 months bank statement
  • Latest Income Tax Return
  • One (1) valid Government issued ID with 3 specimen signatures
  • Proof of billing
Express Loan Application