5 Factors in Choosing the Right Agent for your Seaman Loan in Manila with No Agent's Fee and No Hidden Charges

Pre Qualify for Seaman Loan Application

If you are a seaman and you are out looking for a lending company or a loan agent to assist you in your 1 day seaman loan application, you might be thinking and wondering where and how you can get one that offers no agent's fee and hidden charges or fees. Well, your search is now over. I will explain in detail how is it so that when all else seems to fail, you will find out that you are only chasing your own ghost but agents fail to explain things that is very important for seaman loan borrowers and clients to know prior to applying for a seaman loan in Manila.


Majority of loan borrowers, not just maritime workers (seaman and seawoman) have the wrong notion that a lending company or most lenders will offer loan that have hidden charges. With this wrong thinking, it would be almost impossible to achieve a 1 day release loan. It is a sad fact but for my 3 years of assisting sailors looking to apply for non-collateral personal loan for maritime workers and collateral loan as well that many wrong beliefs still haunt most of these borrowers. The wrong thinking that hidden charges is a form of scam by many lending companies in the Philippines has therefore led them to believe that this is how lenders work has greatly affected both companies offering loan like banks and private lending companies and worse, loan agents.

Know Agent Factors for Seaman Loan in Manila

Truth in Lending Act - R.A. 3765

Well, I am telling you right now if you are one of those who have the wrong belief, then you are in the wrong idea side. In case you did not know it yet, the new lending law of the Philippines (Truth in Lending Act - R.A. 3765) through a mandate by the Central Bank of the Philippines does not allow hidden charges.

As stated: "AN ACT TO REQUIRE THE DISCLOSURE OF FINANCE CHARGES IN CONNECTION WITH EXTENSIONS OF CREDIT." Meaning, it is against the law for lending companies not to disclose all charges of a particular loan whether it is an unsecured non-collateral loan or a secured collateral loan. You can read about it here.

Top 5 Factors in Choosing the Right Agent for Seaman Loan in Manila

1. Truth in lending act - As stated above, therefore, if you are hiring or asking for assistance from a duly reputable, qualified and professional loan agent, then, he or she must know about this law. It is of utmost importance for both parties (the agent and the borrower seafarer). If your agent doesn't know anything about this, then chances are, you are getting the assistance of the wrong thought professional.
2. Full disclosure - Otherwise, another important factor in knowing you are getting the right assistance is if an agent doesn't charge you with any fee. With this assurance, you are sure to get your application to a lending company that has the lowest interest rate for seaman loan. Agents earn from affiliation commission like me so there is no reason for you to get charges of any fee in any form and in any way unless a full disclosure is up. There is one provider for seaman loan in the industry that doesn't offer giving commission to seaman loan agents and in this case, an agent may prompt you that you will be charged for agent's fee. A full disclosure is therefore needed before any processing of your loan application takes place.
3. Pre-qualification and transparency - Another very important factor in choosing the right agent is if he or she will undergo you for an initial interview or prequalification. This will help both of you to know which lending company is perfect for your seaman loan application in Manila. If you live in the province and would like to be assisted there, do ask if there is a provider in your area. In my case, a 3-5 minute prequalifying interview is what I conduct before an application form is submitted to a provider. It is also important during this process that the maritime worker is transparent in declaring details and answering questions. In my 3 years as a loan agent, the worse case scenario of assisting an unwilling client to disclose if he or she has applied to a lending company before is the worst client. To counter this, I immediately disclose to seafarers that disclosure of a previous loan will help me determine outright which lending is right for the application.
4. Requirements and alternatives - If an agent knows the specific and exact requirements while having reservations in knowing what works as an alternative if a document is not accepted and fails to be included as a requirement is very important. This will help you, the sailor applicant to know you are in good hands. There is always an alternative in case of failure to produce a document as part of loan application requirement. A good agent therefore should know about these alternatives.
5. Communication medium - A very good sign that you have a good agent is if he or she has a comprehensive contact numbers. In my case, I maintain all sorts of communication medium from email, Globe mobile, Sun cellular, Smart phone number and a mobile PLDT landline which my clients can always call anytime to get updates or if needed be.

By now you must know if you are in good hands or not. If in case you feel aggravated, it is always FREE to consult with me. You can visit my seaman loan website to apply of just use any of my comprehensive contact numbers below and I'd gladly be of help anytime.

Ask Your Seaman Loan Agent Below

Call me to apply for Seaman Loan – Sam Casuncad (Pinoy loan consultant)
Home office phone: 542 7015 / 366 3645
Sun Cellular No 0932 – 872 5532
Smart Cellular No 0939 – 9269335
Globe No 0917 – 5019245
Email application form at samcasuncad.ofwcashloan@gmail.com or info@loanph.com