SEA-BASED ABROAD

Personal loan para sa mga Seafarer na on-board na sa barko

Note: Allottee/Beneficiary ng allotment or remittance ang magiging Principal Borrower (PB) ng Loan.

Product Features

  • Interest Rate  (Non-officer): 2.5% per month
  • Interest Rate (Officer): 1.99% per month
  • Terms: Max of 12 months
  • Loanable Amount: Up to 1M or 200% of Total Monthly Salary
  • Minimum Loan: Php 25,000

Qualifications

  • Beneficiary must be a Filipino and an immediate relative of the Seafarer
  • Minimum remaining three (3) months term contract of Seafarer
  • Seafarer with basic salary of at least P25,000

Requirements

  • Two (2) Valid Government IDs of Principal Borrower
  • Proof of Billing under Principal Borrower (If not under PB’s name; must secure Proof of Residence)
  • POEA-Validated Contract
  • Valid PH Passport of Seafarer
  • Seaman’s Book
  • Authorization Letter
  • Three (3) months Latest Allotment