How to Apply for BPI Seaman Loan Offer
APPLY FOR BPI SEAMAN LOAN – Here is a step-by-step guide to applying for the seafarer loan offer of the Bank of the Philippine Islands (BPI).
Nowadays, overseas Filipino workers (OFWs) don’t have to rely on their savings alone to fulfill their biggest dreams for themselves and their families. Truth be told that saving for one huge purchase may take you years before the goal can be achieved. The good news now is that you can start enjoying your plan while paying for it. How? There are banks that can help you.
One of the banks that may help you is the Bank of the Philippine Islands. More commonly called BPI, it has several offers for OFWs including savings and deposit accounts, loans, insurance policies, and investment products. It is one of the biggest and most trusted banks in the country.
When it comes to its loans for OFWs, one of the offers is the BPI Seaman Loan or BPI Seafarer Loan. It only takes a few steps to apply for BPI Seaman Loan.
![Apply for BPI Seaman Loan](https://moneysense.ph/wp-content/uploads/2022/06/Apply-for-BPI-Seaman-Loan.jpg)
Under the BPI Seaman Loan offer, the total monthly installments is at least a month shorter than you employment contract thus you don’t have to worry about a loan when you get back to the country.
How to apply for BPI Seaman Loan?
Step 1 – Check your eligibility for the loan offer. The applicant must be an employed applicant who is a Filipino citizen and at least 21 years old at the time of the loan application but not more than 60 years old upon the loan maturity.
Step 2 – Prepare the requirements needed. There are documents that you need to submit in applying for this loan offer. To check on the documentary requirements, you may visit – Requirements for BPI Seaman Loan Application – What You Must Prepare.
Step 3 – Visit the branch of BPI nearest to you and submit the requirements. An interview may be set and you will be notified of the results of your loan application.
READ ALSO: BPI LOANS: List of Loan Offers by Bank of the Philippine Islands (BPI)