Allottee Loan for Filipino Seafarer's Beneficiary is Now Available Nationwide In the Philippines
Seaman Loan is a very low-interest rate (1.3%) personal loan for Filipino Seafarers without collateral that is available nationwide in the Philippines. Seafarers or Seamen with ready contract of deployment to board a ship can apply Seaman loan for any purpose. We do fast processing (4-5 hours) and the loan is released on the same day as long as the requirements are complete.
NOTE: If presently Onboard Ship, salary is 80K and above, has internet access and can print documents on the ship, please see SEAMAN ONBOARD LOAN on this website.
WHO CAN APPLY FOR SEAMAN LOAN?
• Filipino Citizen
• Applicant must be between 21-65 years old
• Must be here in the Philippines to personally apply for Seaman Loan.
• Minimum salary is equivalent to at least P40,000 including fixed overtime pay.
• Must have a Co-borrower if not a house owner or staying FREE with immediate family.
SEAMAN LOAN REQUIREMENTS:
• Copy of Passport
• Seaman’s Book
• Birth Certificate
• Allotment Certificate
• E-Registration Certificate (POEA)
• SRC (Seafarer’s Registration Certificate)
• Proof of latest Embarkation & Disembarkation
• Latest Contract of employment with POEA validation
• Latest Original Electric or Water Bill. If not in the name of the borrower, must submit additional proof of residence. (Any documents: Brgy. Clearance, Receipts, ID’s under your name and with your current address same as electric or water bill)
SEAMAN LOAN CO-BORROWER REQUIREMENTS:
NO NEED CO-BORROWER IF HOUSE OWNER or LIVING FREE WITH IMMEDIATE FAMILY
NOTE: Tatawagan lang ang Asawa o Allottee for confirmation of loan
• Allottee/Beneficiary/Immediate relative (Spouse, Parent, Sibling, Kid)
• 21-59 years old (Up to 65 kung malakas pa)
• 2 Valid Gov’t. IDs
• 2 pcs. 2×2 pictures
• Marriage contract (if married)
• Birth Certificate of kid/s (if LIVE-IN Partner)
• Birth Certificate (if Parent, Brother, Sister, Son or Daughter)
• If living separately with Borrower: Latest Original Electric or Water Bill. If not in the name of the co-borrower must submit additional Proof Of Residence. (Any documents, latest Brgy. Clearance, Receipts & ID’s under his/her name with current address same as electric or water bill) NO NEED if living in the same house as the Seaman Borrower.
Terms: 3-9 months to pay
Interest Rate: 1.3% per month, add-on
Loanable Amount: Up to 700K Depends on salary and result of interviews