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| Seaman Loan 1 Hour Release? |
In my 3 years of being a professional and qualified loan consultant for multiple top lending companies in the Philippines including banks like BPI and BDO as well as private lenders, I've proven that a
1 hour seaman loan approval and loan release is not possible. On the other hand, it would be much feasible to have a loan application by any maritime worker approved in probably 3-4 hours.
Tips for Achieving 3-4 Hours Loan Release
Of course, there are certain conditions and pre-qualifying requirements necessary to be met before a possible 3-4 hours loan application approval and release of cash loan. You can read them all here -
https://seamanloan.wordpress.com/2014/12/30/10-top-factors-that-makeup-1-day-release-seaman-loan/.
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| Low Interest Rate |
Please note that the article which you can read by clicking on the link will greatly help you as a loan borrower and your loan agent to achieve the fastest loan approval possible for a maritime worker looking to get quick cash out of qualifying for seaman loan.
You can also read more tips from us
here.
11 Major Requirements for Seaman Loan
- Completely filled up and signed application form which you can download here.
- Latest POEA validated contract
- Photocopy of latest passport
- Seafarer's Registration Certificate (SRC or SIRB)
- Latest Seaman Book
- Allotment slip or allotment certificate
- Marriage contract if married or Birth certificate of children if with kids but not married
- Latest POEA-validated Overseas Employment Certificate (OEC
- Proof of Billing (we only accept updated and latest Electric or Water Bill) (may not necessarily be under your name but must have same address as your 2 valid primary IDs)
- 1 Co-Borrower (wife, sister, brother, mother or father)
- For self allottee or pay on board / tipping type salary seaman (wife, mother, father or nearest relative with regular source of income can be the co-borrower / co-maker)
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