ALL ELIGIBLE SEAFARERS

*SEAFARERS*

Loan Amount – Php20,000.00 to Php500,000.00

Terms – 6 / 12 / 18 / 24 months

Low Interest Rates

REQUIREMENTS TO BE SUBMITTED:

  1. Credit Application form
  2. 2 pcs 2 x 2 ID latest pics of Seaman
  3. Medical Certificate (Fit to work certificate)
  4. Copy of Latest contract of deployment from manning agency
  5. Photocopy of authenticated allotment
  6. Photocopy of passport
  7. Photocopy of seaman’s book
  8. Photocopy of any 2 government issued IDs of Borrower and Co-maker
  9. Co-maker which must be regularly Employed or self employed
  10. If owned residence, proof of ownership, if renting, copy of rental contract, certification from landlord or barangay clearance.
  11. Post Dated Checks (PDC) from bank checking bank account

 

REQUIREMENTS of Co-maker:

  1. Dully fileed-up and signed application form (Same form used by Seafarer)
  2. If employed, copy of valid employment ID. If self-employed, copy of latest business permit
  3. If owned residence, proof of ownership, if renting, copy of rental contract, certification from landlord or barangay clearance. 
  4. 2 pcs 2 x 2 ID latest pics of co-maker
  5. Copy of latest ITR, if possible 

AN INTRODUCTION TO PERSONAL LOAN FACILITY

FREQUENTLY ASKED QUESTIONS (FAQ)

WHAT IS A SEAFARER’s LOAN FACILITY?

  • A multipurpose loan which an individual seafarer can avail of prior to their departure.

WHO ARE QUALIFIED TO AVAIL OF THE FACILITY?

  • New and veteran seamen with new employment contracts issued by POEA accredited manning agencies in Metro Manila.

HOW MUCH CAN AN EMPLOYEE AVAIL?

  • Minimum of P20,000.00,maximum of P500,000.00 depending on the seafarer rank and computed capacity to pay.

WHAT IS THE MODE OF PAYMENT

  • Issuance of Monthly Post Dated Checks (PDC) for the term of the loan

WHEN IS THE FIRST PDC DEPSOITED?

  • The first PDC is deposited 60 days after the release of loan proceeds

HOW CAN I EASILY REMIT MONEY TO MY BANK ACCOUNT TO ENSURE THAT MY PDCs HAVE FUNDS?

  • Place in your allotment slip a SELF ALLOTEE.
  • The bank account number stated in the said Self Allotee must be the same as the bank PDCs issued to UNICAPITAL to pay your loan
  • Place in your Self Allottee an amount 5% to10% higher than your monthly amortization (The amount of your PDCs)

This will help ensure that funds will be available in your PDCs and NO checks will bounce when thet are deposited. Know that any funds not used for your amortization payment becomes your EXTRA SAVINGS.

WHAT ARE THE PAYMENT TERMS

  • 2 months less than the term of deployment contract

WHAT ARE THE INTEREST RATES APPLICABLE?

  • Only 2.0% per month

WHAT ARE THE OTHER CHARGES TO BE DEDUCTED FROM THE LOAN PROCEEDS?

  • Documentary Stamps
  • Credit Life Insurance
  • Processing Fee
  • One month amortization

HOW LONG IS THE PROCESSING TIME?

  • Three (3) to five (5) working days upon submission of complete and accomplished documents.

WHO CAN I GET AS CO MAKER

  • If you’re a new seafarer, co-maker should be a relative
  • If you’re a veteran, co-maker can be any qualified individual (friend, officemate, relative)

 

For more information,

Please call

Tel. 892-0991 to 96

Email: vlg@unicapital-inc.com

Download Credit Application

Duly filled up credit application form and requirements can be emailed to structuredfinance@unicapital-inc.com, ldd@unicapital-inc.com or vlg@unicapital-inc.com. They can also be mailed/delivered to The Structured Finance Department, Unicapital Finance and Investments Inc. ,3rd Floor Majalco Building, Benavidez corner Trasierra Streets, Legaspi Village, Makati City, Metro Manila.