LOAN PRODUCT
SEAMAN’S LOAN
Qualifications
- Must be 21 -59 years old
- Must be a Filipino Citizen
- With basic salary of at least P30K
Loan Approval
- 100% to 200% of basic salary plus guaranteed overtime
Terms
- Up to 12 months (co-terminus with contract)
Basic Requirements
- Completely filled out application form
- 2 valid government-issued IDs
- 2 pcs 2×2 picture
- Proof of billing (electric bill or water bill)
- Proof of residency*
Major Requirements
- Latest contract with POEA validation
- Copy of passport
- Copy of Seaman’s book
- Seafarer registration certificate (SRC) or e-registration
- Embarkation history or sea service
Co-Borrower
- Spouse or immediate relative
- 2 valid government-issued IDs
- Proof of billing (electric bill or water bill)
- Proof of residency*
If the electrical bill or water bill is not under the name of borrower, proof of residency must be secured
Process
- Download and fill-out our application form.
- Submit the form and all the requirements here.
- Once approved, your check will be released.
Important: Please study the Loan Terms and Conditions in the disclosure statement before proceeding with any loan transaction.