Allottee Loan Philippines - 2.49% Interest Only for Pinoy Seaman and Land-Based OFW Remittance Beneficiary

In conjunction with our seaman loan offer here at Fast Loan Philippines, the allottee loan is actually a personal loan extended to Pinoys through private lending companies in the Philippines. It is a hybrid of the OFW loan, bank personal loan, maritime loan for seafarers and the migrant loan.

With this credit program, land-based workers may now apply as a legible borrower with this type of unsecured personal loan without collateral. Even seafarers who are already onboard can get quick cash. You can now qualify even if you are already working abroad or onboard a vessel / ship. All you need is to have at least 4 months contract left based from the signed company working contract validated by the POEA and a working live communication for a person to person interview either via Skype, FB Messenger, Viber, Whatsapp, Google Hangouts and the like.

All interested parties who want to know about the different qualifications, documentary requirements and mechanics on how to apply for this type of Pinoy Abroad OFW loan, please read more below.

Allottee Loan Requirements

Our allottee loan have 2 different types of requirements. For both land-based and sea-based OFW beneficiary loan, documents needed in order to qualify are as listed below: - (be sure to have them all photocopied in advance for fast loan application processing)

Loan Requirements for Seafarers:

• Application form from the lending company provider duly and completely filled up. Download or fill up online - H E R E.
  
• LATEST POEA-validated contract
• OEC (latest and valid)
• Allotment slip or allotment certificate (not necessary for self allotee seafarers)
  
• Marriage contract (if married) / birth certificate of kids (if living in together) / if self allottee - first degree relative ID (usually parents or sibblings)
• Original electric or water bill as proof of billing (may not be under your name but must have same address as your valid IDs)
  
• 2 primary IDs (government-issued IDs if possible)
  
• SRC or seaman's registration certificate ID
• Latest and valid passport
• Seaman book
• 1 co-borrower spouse or any immediate family member (no income necessary)

Loan Requirements for OFW Land-Based Workers:

• Latest POEA validated contract
• Latest and original electric or water bill
  (may not be under your name but must have same address as your valid IDs)
• Any 2 primary IDs of OFW and spouse (valid and not expired) or any immediate family member coborrower
  
• Marriage contract (if married) / birth certificate of kids (if living in together)
• Copy of passport of OFW
• Skype ID / Viber Number / Roaming Number of OFW
  

How to Qualify for Allottee Loan in the Philippines

It is really very easy to qualify for this unsecured personal loan for OFW land-based and sea-based beneficiary. All you have to make sure is to have the complete set of documentary requirements as listed above. You must also be able to provide a co-borrower immediate family member (even without income) or immediate relative with a regular source of income to be your co-signatory.

No need to open a checking account (NO PDC REQUIRED). Payment is via all authorized remittance centers like 7-11, Cebuana Lhuilier, Palawan Express and many more.

He or she will be signing with you the loan contract upon approval. Non appearance application is allowed if you submit documents and apply online.

Allows payment of monthly amortization via any of our affiliated bank or remittance centers to be disclosed to you before claim of allottee loan proceeds. He or she will also be your co-signatory and will undergo a final interview before release of loan. Your payment of the monthly amortization based from the final loan amount computation including the processing fee and other charges may be paid by anybody you trust who knows how to handle payment via accredited centers.

Don't worry about the charges as they are all to be presented to you prior to availing and claiming the loanable amount as approved for your application. There are NO HIDDEN CHARGES! In case you didn't know, it is not allowed in any lending company by virtue of the new Philippine lending act.

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