Seaman Loan Pricing Comparison and Calculator

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:

Asialink /
Finaswide
Balikbayad Global
Dominion
PJH
30,000 6,584.02 6,466.84 6,716.40 6,608.27
50,000 10,936.95 10,825.29 11,147.35 11,013.79
70,000 15,289.80 15,183.73 15,578.31 15,419.31
100,000 21,819.26 21,721.40 22,224.73 22,027.58
120,000 26,172.32 26,079.85 27,109.82 26,433.10
150,000 32,701.82 32,617.52 33,887.27 33,041.37
180,000 39,231.33 39,155.19 40,664.73 39,649.65
200,000 43,584.26 43,513.64 45,183.03 44,055.17

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”

    1. Hi,

      typical requirements are:

      Borrower:
      * Passport
      * Seaman’s Book and SRC
      * OEC
      * Contract
      * Proof of Billing (Electric Bill, Water Bill)
      * Airline Ticket (can be submitted upon loan release)

      Co-maker:
      * 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.

    2. 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.

    1. Hi Jeryll,
      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.

    1. 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.

    1. 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

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