Seaman's Loan (Onboard)
Qualifications
- Must be 21 -59 years old
- Must be a Filipino Citizen
- With basic salary of at least P30K
- With at least 3 months remaining contract
Loan Approval
- 100% 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
- Allotment certificate or latest 3 months proof of allotment
- Authorization letter
Co-Borrower
- Spouse or immediate relative
- 2 valid government-issued IDs
- Proof of billing (electric bill or water bill)
- Proof of residency*