Guide on How To Apply for BPI Seafarer Loan Offer Online for Vessel Crew Members
Here is a guide on how to apply for the BPI Seafarer Loan offer of the Bank of the Philippine Islands offer.
In the country, one of the banks with exclusive loan offers is the Bank of the Philippine Islands. More popularly called BPI, it is one of the giants in the banking field offering different types of loans.
The bank has both loan offers that serve specific purposes as well as those that service multiple purposes. One of the latter is the BPI Seafarer Loan. It is open for agency-based and directly hire vessel crew members as well as allottees.
A seafarer or an allottee may apply for the loan offer to pay for the children’s school fees, to expand the business, to make a huge purchase, etc. There is an easy process on how to apply for the BPI Seafarer Loan offer.
- Step 1 — Prepare the documentary requirements set by the bank in applying for the loan offer for seafarers.
- Step 2 — Visit a branch of the Bank of the Philippine Islands and submit your documents.
- Step 3 — Wait for a text message from BPI regarding the status of your loan application.
If you are not a seafarer, there is still a multi-purpose loan offer foryou — the BPI Personal Cash Loan. It is open for both employed and self-employed individuals who have a proof of income.
The BPI Personal Cash Loan offer is collateral-free. You do not need to have a car or a house and present its ownership title to qualify for the loan offer. The loan is payable for up to 36 monthy installments and can be done through an Automatic Debit Arrangement (ADA) to avoid missing a payment and incurring late payment penalties.
