Guide on AUB Seafarer Cash Loan Features & Application
AUB SEAFARER CASH LOAN – Are you excited to speed up the achievement of your dreams for your and your family?
A lot of Filipinos are seafarers. Truth be told that while their work post a promising future in terms of the compensation, it is also the line of work that involves a lot of risk day in and day out. As the seafarers could attest, there is no such thing as day and night as well when they are under contract. They have to attend to work even at the wee hours of the morning.
Seafarers are away from their families and loved ones for several months or even more than a year under a single contract. Many of these people are breadwinners who send a big part of their monthly salary to their family back in the Philippines. Thus, there are instances when their savings are not fully enough for a project.
Also, there might be times when sudden emergencies would need them more funds than they actually have. Meanwhile, seafarers have loans that they can turn to including the AUB Seafarer Cash Loan.
Under the cash loan offer, a seafarer may borrow up to Php 500,000. The bank does not require an advance payment neither a co-maker in applying for the loan offer. The loan application may take as fast as 24 hours.
Who are qualified to apply for the AUB Seafarer Cash Loan? Here is the eligibility criteria set by the bank under the loan offer:
- a Filipino citizen
- at least 21 years old at the time of the loan application and not more than 60 years old at the time of loan maturity
- has completed at least one employment contract at the time of loan application
- has opened an account with AUB
- with a minimum gross salary of USD $800
There are only a few documents required by the Asia United Bank in applying for the loan offer. Here are the documentary requirements set by the bank:
- duly-filled out and signed Asia United Bank Seafarers Loan Application Form
- photocopy of Employment Contract with POEA stamp
- photocopy of Passport and Seaman’s Book
- photocopy of Seafarers Registration Certificate (SRC) or Worker’s Information Sheet (WIS)
- Allotment Arrangement certified by the company
- plane ticket or Certificate of Departure issued by manning agency
- authority to deduct from AUB account
