seafarer loan FAO text image frequently asked questionseafarer loan question text image in header page

 

Q. Seafarer Loan, what is it?

A. It is an installment consumer loan that allows you to borrow a fixed amount. This can be availed by almost any active Seafarer.

Q. Why should I choose Loan Star’s Seafarer Loan against other lending?

A. We have a minimal documentation requirement, Flexibility of purpose and quick releasing of loan. No cash out needed. You will get the whole amount that you applied for.

Q. How much loan can I borrow for a Seafarer Loan?

A. For a qualified applicant, Loan Star can lend from 20,000.00 up to 300,000.00.

Q. How long will it take for my Seafarer Loan application to be approved?

A. Your loan application may be approved within half working day, given that you pass the complete requirements and there is no problem with credit verification.

Q. How long can I pay the Seafarer Loan?

A. Term of loan will depends on your employment contract.

Q. Do I need to pay my monthly amortization immediately next month after the release of loan?

A. No. You will be given a grace period of about (2) two months from the date of loan release for your first monthly amortization due.

Q. How do I pay for my monthly amortization?

A. You may pay your Seafarer Loan monthly amortization thru post-dated checks (PDCs), or you may use the facilities of our affiliated banks such as BDO, BPI, EastWest Bank, PBB, UCPB, Metrobank and in any ECPay Merchants.

Q. Do I need a guarantor or co-maker?

A. No, We designed our Seafarer Loan that Guarantor or co-maker is not required.

Q. Do I need to pay the agent’s fee or broker’s fee?

A. No. It's our responsibility to pay our accredited marketing sales agent. If there is any incident for solicitation of any value from the sales agent, immediately inform us.

More Info