Tel no.: 856-6354 / 856-3614 / 856-2789
Unit 1803, 88 Corporate Center Sedeño corner Valero Sts, Salcedo Village, Makati City

Seaman’s Loan.

I. INCOME

EMPLOYMENT. He should be employed for not less than 3 years. With existing contract not less than in the length/terms of the proposed loan

   

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II. RESIDENCE

Confirmed with Seaman’s Agency

 

III. AMOUNT FINANCE

Amount Finance based on two times (2X) of net income
Terms of loan based length of POEA-validated latest contract

IV. LEGAL CAPACITY TO CONTRACT OBLIGATION
  1. Borrower should not less than 25 years old or more than 60 years old.
  2. A married borrower. The spouse should always sign as co-maker/marital consent.
  3. If separated. To submit a copy of Degree of Legal Separation issued by the court.
  4. If single, the parent or the recipient of remittance shall co-make.
V. INTEREST RATE

2.5% AOR per month

VI. REQUIREMENTS:

For seaman:

  1. Overseas Employment Certificate (OEC) (latest and valid)
  2. POEA- latest incoming contract
  3. Allotment slip or allotment certificate
  4. Seaman’s book
  5. Original proof of billing (electric or water bill)
  6. Latest and valid passport
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