Product Features

• Especially designed for seafarers
• Amount of loan based on salary and overtime
• Term depends on duration of contract
• First payment after two months from date of approval of loan
• Lowest interest per month compared to other financing companies offering the same package
• Lowest processing fee
• Quick processing, released within 24 hours upon submission of complete documents
• Payment via PDC, ATM or auto-debit arrangements

Eligibility

• Should have a valid OEC
• With good credit standing

Documentary Requirements

For Borrowers

• Completely filled-up application form
• Recent ID picture of applicant and spouse with signatures at the back
• Signed special power of attorney
• Overseas Employment Contract from POEA, flight schedule*
• Passport, visa, seaman’s book*
• Allotment slip or allotment certificate*
• Medical result*
• Marriage contract*
• Valid government ID*
• Latest utilities billing statement of residence*
• Sketch of residence

For Allottee/Co-Borrower

• Completely filled-up application form
• Recent ID picture of co-borrower with signatures at the back
• Valid government ID*

* photocopy, original required for presentation and validation by account officer during interview