Seaman Cash Loan

Cash Loan Philippines, thru its affiliation with many lending companies, is now offering Seaman Cash Loan to qualified Filipino seamen or seafarers. This seaman cash loan is a non secured or non-collateral loan which means you don't need to present any kind of collateral when applying for this type of cash loan. Seaman cash loan only requires loan applicants to submit basic loan application requirements and a qualified co-maker or co-borrower. Provided below is the list of basic seaman loan application requirements that needs to be photocopied and submitted by seaman loan applicants:

• Latest POEA-validated contract
• OEC (overseas employment certificate) from POEA
• Seaman's Registration Certificate (SRC)
• Seaman Book
• Updated and valid passport
• Newest allotment slip / certificate
• Marriage contract (if married)
• Original proof of billing (we only accept MERALCO or NAWASA bill with same address as valid IDs)
• Filled up seaman cash loan application form    

Before we can proceed with your seaman cash loan application, we at Cash Loan Philippines need to pre-qualify all seaman cash loan applicants so we can determine if you are qualified for a seaman cash loan and who among our lending providers is best to submit your loan application to. Listed below are some of the factors that may influence your seaman cash loan application:

House Ownership - owning your house automatically qualifies you for a 1 day release of your seaman cash loan.
Experience - experienced seamen or seafarers who have boarded several times are more likely to have their seaman cash loan approved.
Manning Agency - your manning agency must be licensed and accredited by POEA
Length of Tenure - number of years employed as a seaman by your current crewing agency is one of the things being considered by lending companies.
Available co-borrower - can be immediate family member or closest relative
Credit Rating
Ability to submit correct and complete loan application requirements

Note: All documents to be submitted must be photocopied in advance before applying for a seaman cash loan

Advantages of applying for a Seaman Cash Loan thru Cash Loan Philippines

• No collateral
• No C.I. and B.I. (credit and background investigation needed)
• No Filing Fee
• No advance payment and interest
• Up to 2 months grace period (loan applicant doesn't have to pay in the first month)
• No agent or brokers fee
• Your choice of 3% or 5% interest rate
• Flexible loan payment options (3, 6, 9, months up to 1 year depending on your seaman contract)

For an individual to qualify as a co-borrower, he or she must meet the following basic qualifications:

• Can be immediate family member or closest relative
• If not immediate family member, co-borrower must be living in a different house with the borrower
• With stable source of income (will be required to submit 3 months latest payslip and certificate of employment)
• If with business, co-borrower must submit latest Mayor or Barangay Business Permit 

We at Cash Loan Philippines does not charge loan applicants for the loan application assistance we provide. Lending companies we are affiliated with pay us percentage based on the amount of loan we helped get approved for a loan applicant. So it is in our best interest to help you get your loan approved the soonest possible time. So if you think you'll have problems with your loan application or you'll have problem producing some of the required documents, it is best to tell us outright so we can help you find a proper solution. Remember, Cash Loan Philippines is affiliated with many lending companies or loan providers that are willing to entertain your loan application.

If you have any question regarding a loan you wish to apply for, we at Cash Loan Philippines are always happy to entertain your inquiries any time. Just give us a call. Our mobile numbers are 0997-508-4837 for GLOBE and TM subscribers and 0949-857-2250 for SMART and TNT.