Crossworld Maritime Agency: Why Negative to All Lending Companies and No Loan for Seaman Working for this Company?

Crossworld Marine Office

I have encountered twice in my career offering professional FREE service as a freelance loan consultant and assistant in the Philippines for seaman loan. Although I am one of the first to get accredited and affiliated with multiple top lending companies all over the country, I have never encountered any seaman applying for the maritime loan to get denied to all lending companies except for one.

The seaman I am talking about is affiliated and employed with Crossworld Marine Services Inc. I chose that seafarer and I will not disclose his name for privacy purposes. The mariner deserves to know that if and should he need a loan and he is employed with Crossworld, he cannot be accepted to any lending company except for one. The reason is clear according to my experience as well as for the seafarer's story.

Different Lending Companies that Offer Seaman's Loan in the Philippines

Seaman's Loan is one of the first types of non collateral loan in the Philippines that received a recognition for being the fastest to get processed and approved. Most lending companies, private ones, have it at 1 day release and approval. This means that if you have the right and complete set of requirements to submit to the lending company, chances are you are going to get your loan proceeds the same day.

Seaman's Loan No Co Maker No Co-Borrower

Seaman Loan Philippines

Of all non collateral loans, only the seaman loan offers the 1 day release loan in the Philippines, the fastest and perhaps the most given priority by many lending companies from banks to private providers. It is a fact though that this type of loan in the Philippines will always require seafarers to have a co-maker or co-borrower because again, it is a non-collateral loan. Being an unsecured type of loan, many lending companies will require you to provider a co-lendee. This is the only way security that the principal borrower will be able to pay the loan proceeds, otherwise, someone else will through the providence of a co-maker or co-borrower.