Requirements

Seaman Loan Requirements

If you want to achieve fast seaman loan approval, consider completion of the following seaman loan requirements. Our office is located in Makati City and is easy to find. If you think that you will have a hard time about anything related to your loan application, please don't hesitate to ask us. We would be happy to give you tips and insights in all matters regarding your loan application.

Basic Documentary Requirements:

Completely filled up seaman loan application form (you may fill up our form here)
POEA-validated and LATEST seafarer's contract
OEC (latest and valid)
Allotment slip or allotment certificate (for self allottee and pay on board - must have owned house residence where the address is the same as 2 valid primary IDs) (a co-borrower spouse, immediate family member or relative is required)
Marriage contract (if married) (if not married, please provide 3 months latest payslip and a co-borrower immediate relative) (if not married, you may also use an immediate family member [parent or sister or brother])
Original proof of billing (ONLY electric or water bill is accepted) [may not be under your name especially if renting a residence but must have same address as valid IDs]
Those who have checking account have the edge and will take less processing time plus release of loan will be faster (less the application time to go to the bank to apply for a checking account)
2 valid primary IDs (ask for alternative if not available)
SRC or seaman's registration certificate ID (SIRB)
Latest and valid passport
Seamanbook
Last 2 embarkation and disembarkation for timer seafarers [not required if first timer]
4 pcs 2x2 photos (both allottee and seaman)

Extra Requirements:

Crewing or Fleet Manager must be able to confirm your departure date. If you have tentative schedule, be sure to talk to your fleet manager and have him or her disclose a date when asked by our lending company verifying personnel.
Proof of billing (electric or water bill) is not necessarily under the borrower's name but the address in the billing statement must coincide with the address stated in the 2 valid IDs.
Those with valid IDs and requirements whose address is from an owned house or family house (parent owned) will have the advantage.