For Seaman, have a look at the loan comparison chart we put together from information we gathered from different private lending companies. This table serves as a calculator that shows how much your monthly payment would be for 6 months and no grace period given the loan amount. We use the net pay out amount, after any up-front fees deducted to make the numbers comparable. Wherever possible, we use mystery shopping and actual amortization tables shared by customers:
For OFW loans, please click here.
If you are a returning OFW and need the loan for business purposes, you could also consider an OWWA Loan.
11 thoughts on “Seaman Loan Pricing Comparison and Calculator”
I would like to find out if I am qualified for seamans loan
typical requirements are:
* Seaman’s Book and SRC
* Proof of Billing (Electric Bill, Water Bill)
* Airline Ticket (can be submitted upon loan release)
* 1 Valid Primary ID
* Proof of Relationship (Birth or Marriage Certificate)
* Allotment Certificate with name of co-maker
Please contact the lending company of your choice for the exact list.
MY HUSBAND MADE A LOAN IN YOUR COMPANY LAST 9-5-2016 PRINCIPAL 50,000.00 PLUS PROCESSING FEES OF 5,670.00 AND INTEREST 2.75% AMOUNTING TO 7,654.62 WITH A TERMS 5 MOS. SO OUR TOTAL PAYABLE WILL BE 63,324.63. BUT I WAS DISAPPOINTED BECAUSE THIS AMOUNT WILL BE PAID WITH 3 MONTHS ONLY AMOUNTING 21,123.21. WE STARTED OUR PAYMENT LAST NOV 10, 2016 AND OUR END DUE DATE WILL BE THIS COMING JAN 10, 2017. MY CONCERN, HOW COME UMABOT NG 5 MONTHS YONG LOAN INTEREST NAMIN. TAPOS YONG 63,324.63/3 PAYMENT= 21,108.21 LANG DAPAT BAYARAN NAMIN PERO BAKIT YONG MONTHLY AMOR. NAGIGING 21,123.21. IM SORRY IM REALLY DISAPPOINTED, A LOT OF HIDDEN CHARGES.
Sorry to hear this. May I ask which company you had the loan with?
how to apply for seamans loan?
usually it’s best you contact the lending company of your choice directly. If you go through agents you will
also have to pay their fees. Just pick one or a few from our comparison and and send them a message.
How can i apply for loan and am i qualified for lian services your offering??
Can i know where is your office?? So i can come to you personally..
Hi Frederick, unfortunately we do not provide loans.
You will need to apply with the lending companies directly.
Please follow the links to learn how to apply.
Hi i want to inquire if im qualify my husband is a seaman hes onboard nw im his allottee.
What you are looking for is an Allottee Loan. Some companies do offer this, but
the rates may be a bit higher. Try with Global Dominion