How to Avoid Getting Denied with Your Seaman Loan Application to Any Lending Company in the Philippines

As a professional and qualified loan consultant for more than 2 years now, I have encountered so many clients applying for seaman loan in the Philippines getting denied with their application. Now, there are so many reasons based from my own study and experience why a seafarer (seaman or seawoman) gets denied on their loan.

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.

Seaman Loan No Advance Interest No Agents Fee

It's a wrong impression to think that seaman loan lending companies charge for agent's fee or advance interest or that loan proceeds get deducted with such fees and charges unless otherwise it is specified or declared by your loan agent and presented to you by the lending marketing and loan presenting officers in the form of the different charges for your loan application. This presentation is done upon final approval and before loan contract signing.

Please be reminded that as a loan broker or consultant, I don't refer seafarers to lending companies that charge advance interest or agent's or broker's fee unless otherwise the maritime worker had no other choice but to go for the last resort option due to delinquent and bad credit accounts with a bank or a previously applied loan in other lending providers and private financing firms. Hidden charges is against the law and seafarers should know that. This fact being so, all the loan charges with my providers will be presented to you upon loan final approval before you sign the loan contract. Otherwise, if anything is not clear to you, then don't sign and get the loan or you can ask what the charges are about upon loan presentation before final availment.

Disclosure of Exact Departure Date for Seaman is Critical for Loan Approval

I have been assisting seafarers for more than 2 years now and from my own experience although small case as it seems, the exact date of departure of a seaman is something that should not be neglected by the loan applicant in the process of seaman loan application. The reason is quite obvious - lending companies will not approve any loan application if the crewing manager or fleet manager will not disclose an exact date of departure of the seaman.

Seaman Loan for Abosta Ship Management Corp Seafarers

Are you working for this shipping company or carrier? If you are one of their seaman, it's about time you know that your liner is duly accredited with one of the lowest interest seaman loan lending company in the Philippines, Manila. This means that should you need financial assistance or fast cash loan, we can definitely offer you our 1 day release credit for seafarers. Just contact us above and we'd be glad to pre-qualify and assist you regardless of how much salary you have or if you are a first timer or not.

Co-Borrower Issues for your Seaman Loan and How to Qualify for Allottee with 60 Years Old and Above

Lowest Interest Rate Loan

Basically, many lending companies prefer less risk with a loan in approving them especially for a non-collateral loan like a seaman loan. But what if your co-borrower or allottee is your mother or aunt or a nearest relative who happens to be a senior citizen? What happens if your co-borrower is already over the age of 60 years? Is there a way to still get consideration for such special case?

Well, in many cases, the only way to remedy this allottee co-borrower problem is to provide another co-borrower who is also an immediate relative. To the least, a nearest relative. If this happens, you may or may not need to change your allotment certificate with your manning agency.

Loan for Cabin Steward Position Seafarer

Pinoy seafarers are known of their good service and tidiness in work as well as in working environment. That is probably one of the reasons why many cruise ships, luxury ships and passenger vessels prefer to have a cabin steward on hand.

If you are serving any of the duly licensed maritime agencies with this position, this is your chance to know more about how to apply for a cabin steward loan with my help through my multiple top lending company providers. Yes, I have different providers willing to give you emergency loans otherwise known as fast loan for maritime workers. If you are one, please use my contact form above or visit this list of accredited manning agencies with valid license to recruit seafarers for cabin steward position here - http://www.cashloansphilippines.com/manning-agencies-in-the-philippines-with-valid-license-for-seaman-loan-guide/.