
Seaman's Loan (Paalis)
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*