Seafarer’s Loan
Our Seafarer’s Loan recognizes the unique lifestyle of those working at sea and provides a financial lifeline that supports their diverse needs.
Seafarer’s Loan
Our Seafarer’s Loan recognizes the unique lifestyle of those working at sea and provides a financial lifeline that supports their diverse needs.
Introducing ULoan’s Seafarer’s Loan
A seafarer’s loan is a type of loan designed specifically for individuals who work in the maritime industry, such as seafarers, fishermen, and other maritime workers. Seafarer’s loans can be used for a variety of purposes, such as purchasing a home or vehicle, getting an investment, or covering unexpected expenses while on shore leave. They are particularly useful for individuals who work in the maritime industry and may not have access to traditional financing options.
Our version of a seafarer’s loan is available to seamen who are with POEA-accredited agencies. It recognizes the irregular income patterns and distinct lifestyle of seafarers and offers flexible terms to accommodate their circumstances.
Contact us today to learn more.
Personal Financial Assistance
Competitive Interest Rate
Tailor-fit Solution
Loan Overview
Loanable Amount
PHP 50,000 to PHP 500,000
Payment Terms
Minimum of six (6) months and maximum of (24) months
Interest Rate
24% per annum add-on rate
Eligibility Requirements
- Borrower must have a valid contract of deployment for at least six (6) months with POEA accredited/selected manning agency
- Borrower must be 21 to 50 years old only
- Borrower must be a permanent resident with a permanent address in the Philippines. If the borrower is renting, he must provide a proof of continuous residency of at least one (1) year.
- Borrower must be in good credit standing