Personal Loan (For Seafarers) in the Philippines

Qualifications:

  • Seafarer/Seaman

Loan Terms:

  • Loanable Amount: 15,000.00 – 500,000.00
  • Terms: 3-9 months (depends on the contract of seaman)
  • Interest: 3-5%

Documents to prepare:

  • Copy of latest Standard Contract of Employment with POEA validation
  • Copy of allotment slip
  • Copy of passport and Seaman’s Book
  • Copy of Seafarer’s Registration Certificate (SRC)
  • With Co-borrower

Personal Loans Online can be Trusted Too

When you run short of money and you have nothing else to get money from, then you might just opt for a personal loan. The same thing is true if you want to do a major project at home and your money is not enough. The only problem if you want to get personal loan is that you have to visit a bank or a lending firm, follow the application process and wait for a long time before the loan is approved. Therefore, instead of getting for legitimate loans, you opt for other options or you might just not cancel your plans.

The good news is that you can now apply for personal loan online. This option is available especially for those who hate waiting for the approval that takes a really long time. This is also considered as a fast and easy personal loan. The approval rates are also high. The requirements are also minimal compared with regular loans from banks. The repayment scheme or monthly payment may also be a lot cheaper.

The only problem is that a lot of people think that online transactions especially for a private money loan cannot be trusted. Well, this is not necessarily true. There are a lot of trusted personal loan lenders online such as SimplexLoans that can provide you with secured money loans.

The company has been trusted for several years now. It has also provided service to hundreds of applicants and these clients have provided positive reviews about the company. If you wish to avail of their services, all you have to do is to give them a call and make inquiries. You will then be walked through the entire process. Before you know it, you have in your hands the money that you need already. Just find the right partner and your financial problems will be solved soon.

 

No Collateral Required

Basic Documentary Requirements

Eligibility Requirements:

  1. Must be at least 21-65 years old;
  2. With a minimum monthly income of P10,000;
  3. Preferably with an owned Collateral (house, car, lot etc.);
  4. With a co-maker (spouse or any relative);
  5. Duly completed and accurately filled out SimplexLoan.com form.

Note: Incomplete form will not be processed.

Documentary Requirements

1. Proof of Identity

Any two (2) of the following Government IDs:

  • SSS or GSIS ID;
  • Voter's ID;
  • Driver's license;
  • PRC license;
  • Passport;
  • Marriage Contract of all parties to the transaction, if applicable.

2. Proof of Residency

Any one (1) of the following Utility Bills (under applicant's name)

  • Electricity bill;
  • Water Bill;
  • Cable Bill;
  • Telephone Bill.

3. Proof of Income

A. For Employed: (Locally Employed)

  • Latest Income Tax Return or BIR Form 2316 or Pay slip for at least three (3) months;
  • Original Certificate of Employment and Income (COEI) within six (6) months from date of issuance.

(Employed Abroad)

  • Latest Crew Contract & Employment History (for seamen);
  • Employment Contract or Certificate of Employment and Income (COEI);
  • Proof of remittance or allotment slips or pay slips for the past three (3) months.

B. For Self-employed/Business Owner

  • Photocopy of Audited Financial Statements (AFS) for the last two (2) years with latest ITR with BIR or Bank Stamp;
  • Sole Proprietorship - Certificate of Business Registration with DTI;
  • Business/Mayor's Permit;
  • Last six (6) months bank statements or photocopy of passbook (with account name and account number);
  • Business Background/Company Profile;
  • Proof of other income (if any).

Why Choose Us

1 LOWEST INTEREST RATE - GUARANTEED

Peer-to-peer lending was conceived as a way to democratize finance, by using technology to bring borrowers and lenders together. Individuals could make their pitches to borrow money or offer credit without the involvement of institutional lenders.

2 EASY REQUIREMENTS

Verification and security are important parts of our process. In order to complete your loan application, we verify your identity and income mostly by submitting your documents online.

3 FAST RELEASE

It generally only takes 24 hours from receiving all your relevant supporting documentation to provide the applicant with a decision.

4 CUSTOMER SUPPORT

Simplex Loan is not your ordinary company, so expect extraordinary customer support around the clock. Remarkable customer service has the power to change someone's day or even life.