At the very least, a seafarer will be out of the country and away from his family for a minimum of 6 months. A lot of things can happen during this time especially when it comes to finances. Fortunately, South Asialink Finance Corporation offers a loan that caters specifically to the needs of sea-based overseas Filipino workers. With a fast application and approval process, you can expect to have the much needed funds in as fast as one day. There is also no collateral requirement which offers more flexibility to the borrower. If you are a seaman looking to borrow additional funds with at least a monthly income of ₱20,000, then do consider applying for SAFC’s Seaman Loan.
If you are an OFW or a Seaman in need of immediate funds, there are still other loan options available to you. Check out the following products below and see if it matches your financial requirements:
If you are an OFW working abroad, this loan may be what you are looking for. You can borrow additional funds in just 1 - 3 working days as you get cash straight to your bank account. Receive amounts starting from ₱20,000 up to ₱250,000 and payable as early as 6 months up to a maximum of 1 year. The monthly interest rate is also competitive and starts at 1.5%. There is no collateral or credit card required, you just need to have a co-borrower and show proof as an OFW worker. The required monthly salary is at least ₱18,000 to qualify for the loan.
Gone are the days that OFWs go through a hard time in getting the urgent financial assistance they need. With another personal loan that caters to OFWs, you can get approved and receive the cash in your bank account in as quick as 1 - 3 working days. The interest rate is also competitive which starts at 1.5% per month. You can borrow from as low as ₱20,000 and up to twice your currently monthly salary, payable up to a year. Similar to the other loans featured, you don’t need to have a collateral. You just need to have a minimum required gross salary of ₱20,000 per month, at least a 3 months employment contract, and an available immediate family member to act as a co-borrower.
As a Seaman, you no longer have to worry about urgent financial issues that your family may face back home. BPI, one of the biggest banks in our country, is offering a Seafarer personal loan that provides immediate, additional funds for any purpose. You can borrow from as low as ₱20,000 up to a maximum amount of ₱300,000. You can repay the loan starting from 5 months up to 9 months. Loans can be approved within 7 to 10 banking days at 18% per annum. You must be employed for at least 1 year for officers, and 3 years for non-officers and must earn at least ₱30,000 gross income per month.
Whether you’re going to use it to fund your business, pay for your outstanding bills, or to resolve urgent financial matters, there are now a variety of personal loan options available for OFWs or Seaman workers. To find which one is ideal for your needs, check out our list of online cash loan providers available on our site and apply easily online.
