BPI Seafarer Cash Loan Features & Application
BPI SEAFARER CASH LOAN – The Bank of the Philippine Islands crafted an offer that can help seafarers achieve their dreams faster.
In the Philippines, there are countless people who are seafarers. Truth be told that they are known to be among the biggest-earners in the country most especially those who are already officers. One contract can mean millions of money back after they will finish their contract.
However, truth be told that many of these people are also breadwinners. Their savings may take a slow upward trend due to the many bills that they have to pay every month. Meanwhile, this surely does not hinder the dreams for the family.
Seafarers actually have options that they can turn to in times of need for financial solutions. Are you a seafarer who want to make home improvements? Enroll your kid in a prestigious university and pay for the tuition fees in full? Travel abroad?
There are loans that seafarers can turn to. One of these is the BPI Seafarer Loan offer of the Bank of the Philippine Islands. The bank boasts its loan offer with fast application process and minimal requirements.
Here are the documents required in applying for the Seafarer Loan offer:
Agency-Based Seafarers
- one (1) government-issued photo-bearing IDs
- latest and unexpired signed POEA contract or employment contract with boarding date
Direct Hires
- one (1) government-issued photo-bearing IDs
- latest 3 months proof of remittance
- latest and unexpired POEA Validated Information Sheet or latest POEA Overseas Employment Certificate (OEC)
- latest Employment Contract
Allottee / Income from Remittance
- one (1) government-issued photo-bearing IDs
- proof of income (any of the following):
- proof of remittance OR latest bank statement where remittance is credited
- latest and unexpired POEA Validated Information Sheet or latest POEA Overseas
- latest Employment Contract
- Consularized COE
To apply for the loan offer, submit your documents to the nearest branch of BPI. Aside from the Bank of the Philippine Islands, another bank that offers a multi-purpose cash loan is Maybank.
