How Much is the Loanable Amount for a seaman or seawoman?

This is actually one of the frequently asked questions for loan applicants whether seaman, seawoman, ofw or those who are looking to make up for a collateral loan. Just be reminded though that seaman loan is the first and the only 1 day processing loan type in the Philippines today. Some will claim they offer fast approval but there is nothing better for a loan offer than the seaman or seawoman loan. Apart from the fact that it literally takes only 1 day to process, the interest rate is also low compared to other types of loans and there is no or zero processing fee for this loan in most cases. If you find a private lending company who charges for processing of this type of credit system, go find another one. I'm pretty sure you will find one easily to replace them.