seaman’s Loan

Seafarer Loan is Rykom’s specialized product crafted to cater to the needs of Filipino Seamen. Requiring only your most recent Contract and Two Government IDs, we can issue a deferred salary loan within three hours.


application process

  • requirements

    Prepare your requirements. We require at least one valid ID such as passport, driver’s license, TIN/SSS, etc., your contract, and a proof of address.

  • Apply

    Visit one of our offices to fill out a loan application form and submit your documents.

  • Verification

    Our credit team will conduct a short call to verify your details.

  • Approval

    Our approval team will conduct a final review of your application and get back to you within the hour.

  • Signing and Release of Funds

    Once approved, sign the promissory note and disclosure statement, submit collateral checks, and receive your funds. If you do not have a checking account we will assist you with opening an account with one of our partner banks.