Lending Company for Allottee Loan of Seaman in the Philippines

Pinoy Seaman Onboard

Apart from seaman loan, the receiver of extra salary called allotment may also apply for a loan. This is called as the allottee loan and if you are one and would like to get quick cash in the Philippines, there are a lot of choices. As a professional and qualified Filipino loan consultant, I would like to tip you off where you can apply for and find a lending company for allottee loan of seaman.

First off, there is a lending company that offers allotment loan only if you have already gotten approved of a previous loan application and your payment status is in good standing. On the other hand, if you do not have good standing for your payment, chances are, since you are already in what is called in the lending industry in the Philippines as bad credit seaman, you will no longer be allowed to apply or qualify for a loan.

Borrower Advantages

Let me just remind you though that this type of non-collateral non-secured loan is not a 1 day release loan nor can you achieve lowest interest rate through its application. There are very few lending companies that allow this type of loan and frankly only 3 of them do offer it and in this list of 3 providers for seaman allottee loan, no bank is included which means that banks no longer venture in providing allotment loan for seafarers. These 3 on the list are all private lending companies.

1 Day Release Seaman Loan

Although these companies that offer allottee loan are practically based with their head office or main branch in Metro Manila, there are luckily more than 150 branches all over the Philippines which makes it an accessible type of loan without collateral that is easy to apply if you have good credit standing or is first time applicant as an allottee. For those of you are looking for 1 day release loan, your only choice is either a seaman loan or car loan. But mind you that this can only be achieved if you are in the hands of the well knowledgeable loan consultant and not just your regular fly by night loan agent.

To apply for this loan, please fill up this form.