Guide on AUB Seafarers Loan Application Process
AUB SEAFARERS LOAN – The Asia United Bank offers seafarers with a loan that can extend up to Php 500,000 under an easy application.
Although it is popular that seafarers are among those people with the biggest salaries, there are also instances when they will be needing financial assistance just like in building a house for their families which can truly be costly nowadays. That is why some banks have crafted loans that they can turn to.
One of the banks in the Philippines with a special loan offer for seafarers is the Asia United Bank or more popularly called AUB. The AUB Seafarers Loan offers up to Php 500,000 loanable amount without requiring a co-maker for the application.
The Asia United Bank also boasts its loan offer having the “lowest interest rate” and requiring no advanced payment. According to the bank, loan applications may be approved in as fast as 24 hours.
There is an easy process in applying for the AUB Seafarers Loan. Here are the steps that you may follow to apply for the loan offer:
Step 1 — To qualify for the AUB loan offer, the loan applicant must meet the following eligibility requirements for application to the offer:
- Applicant must be a Filipino citizen
- 21-60 years old at the time of loan maturity
- Must have completed at least one employment contract at the time of loan application
- Must open an account with AUB
- Minimum gross salary of USD $800
Step 2 — Gather the requirements for the AUB Seafarers Loan application. Make sure you have the original copies of all the documents required by the bank in original copies as well as those that are asked in photocopies for the possibility of verification.
Step 3 — Go to Asia United Bank and submit your documents to file your loan application. Afterwards, wait for an update from the bank regarding the status of your loan application.
If the application was approved and you have no AUB account, you will be asked to open an account to the bank. It is where the loan proceeds may be released.
