• Interest rate (p.a.)

    18.00% - 18.00%

  • Loan Tenure

    0.5 - 1 years

  • Approval Duration

    7-10 banking days

  • Min. monthly income


Loan calculator
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What's so great about BPI Seafarer Personal Loan?
  • Loan up to ₱300,000
  • Monthly payments made affordable with no pre-termination fees
  • Pay monthly amortization through automatic debit facility - no need for PDC's or over-the counter payments

Product Features

Min. financing amount₱20,000.00
Max.financing amount ₱300,000.00
Min. loan tenure5 months
Max. loan tenure9 months
Interest rate1.5% add-on rate per month
Approval duration7-10 banking days
Debt consolidationNo

Fees & Charges

One time set up
Processing fee₱1,500
Stamp duty₱1.00 for every ₱200.00 of the loan amount
Disbursement & misc. feeN/A
Early settlementN/A
Late payment chargesN/A


Age requirementAge 21 - 55
Employment eligibilityMust be employed for at least 1 year for officers or at least 3 years for non-officers.
Min. salary requirement₱30,000 gross per month
Guarantor / Collateral requirementNo

Other Requirements

Need to open linked banked account?Yes
Other detailsLoan tenure from 5 to 9 months. Figures above are for illustration purposes only. Actual monthly installment and applicable interest rate may vary. For exact figures, contact your nearest branch.

Product Review byiMoney

What would be the best way for a seaman overseas to borrow immediate funds for his or her family back home? A top option comes to mind, BPI Seafarer Personal Loan. As a product from one of the largest, most reputable financial providers in the country, the BPI Seafarer loan is a reliable and proven solution for sea-based OFWs to get access to additional funding for any immediate need or emergency. Being a non-collateral, multi-purpose loan, you can practically use it for any function it may serve. You can even use it to start or expand your own business. Specifically for sea-based overseas Filipino workers, you can borrow from as low as ₱20,000 up to ₱300,000 at 1.5% monthly add-on interest rate. Loan repayment starts from 5 months up to 9 months, while the loan approval process ranges from 5 to 7 banking days. To avail of this loan, you must have a minimum gross income of ₱30,000 per month and have the supporting documentation proving that you are a sea-based OFW.

Advantages Of Applying With BPI Seafarer Personal Loan

  • Specifically catering to the needs of sea-based OFWs.
  • Convenient, low loanable amount.
  • Relatively fast application and approval process.
  • Short-term loan tenure.

To get more details regarding this product, review the details on this page to check eligibility requirements and other information that can assist you on your search.

BPI Seafarer Personal Loan FAQ

How much can I borrow?

With a BPI Seafarer Personal Loan, borrow as much as ₱300,000, subject to approval.

What are the BPI Seafarer Personal Loan Requirements?

An applicant must fulfill BPI’s eligibility criteria for a loan:

  • At least 21 up to 55 years old upon loan maturity.
  • Must be employed for at least 1 year for officers, or, at least 3 years for non-officers.
  • Must have at least a minimum monthly income of ₱30,000.
  • Must have a BPI account.

Consequently, after filling out an application form, the following documents are necessary:

For agency-based workers:

  • Government-issued photo-bearing ID.
  • POEA contract or Employment contract with boarding date.

For direct hire:

  • Government-issued photo-bearing ID.
  • Proof of remittance.
  • POEA OFW Information Sheet or POEA Overseas Employment Certificate.
  • Work Contract.

*Additional documents may be required during credit evaluation.

How does the BPI Land-based OFW Personal Loan Calculator work?

The BPI Seafarer Loan calculator computes the estimated cost of borrowing and amount of payment per instalment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.

Is BPI Seafarer Personal Loan the right one for me?

For whatever purpose you may have, getting additional funds is made easy through BPI Seafarer Personal Loan. Offered by one of the top financial providers in the country, you are assured of competent, reliable, and quality customer service throughout the entire process. Whether you are experiencing a tight cash flow bind, a sudden emergency, or raising capital for your new business, this product should be on top of your options specifically if you are a sea-based OFW. As long as you fulfill the eligibility requirements, there is little doubt that you will receive the funding you need, a testament to providing full assistance to OFWs in need.

After years of working abroad, you are finally able to put up your own venture. Here are some available funding options specifically for OFWs:

South Asialink Finance Corporation Seaman Loan

Open to all overseas sea-based Filipino workers with a minimum gross monthly income of just ₱20,000, you can avail this fast cash loan without any collateral requirements. Use it however you deem fit with loanable amounts starting from a minimum of ₱20,000 up to ₱250,000. Get flexible payment terms from 6 up to 12 months for as low as 1.5% interest rate per month.

Global Dominion Financing, Inc. OFW Loan

For this personal loan from GDFI, the OFW applicant can borrow amounts starting from ₱20,000 up to a maximum of 2x their monthly salary at an interest rate of 1.3% per month payable up to 12 months. OFW applicants should be at least 21 - 60 years old and must have a gross monthly income of at least ₱20,000.

RCBC Savings Bank Personal Loan

With the RCBC Savings Bank Personal Loan, you can borrow any amount ranging from ₱50,000 up to ₱1,000,000 to use for any purpose. You are eligible to apply for a loan if you are 21 - 60 years of age and earning at least ₱20,000 per month. It offers reasonable fixed rates of 16.08% per annum with 1.40% add-on per month. Enjoy easy payment as you benefit from flexible loan tenure as early as 6 months and up to 3 years.

Having more selections to choose from is always a welcome scenario. Visit our list of online loans for OFWs and choose from a wide range of options that would fit your funding needs.