Millions of overseas Filipino workers (OFWs) and seafarers leave their families behind each year in pursuit of better chances elsewhere. Although their diligence guarantees financial stability, unanticipated costs, crises, or large investments like business initiatives, vehicle loans, and house loans usually call for more money.
This is where Cepat Kredit comes in—a reputable lending institution offering low-interest OFW loans to assist Filipino workers and seafarers meet their financial demands without the headache of too demanding criteria.
Furthermore, financial gaps still persist even if companies like the Overseas Workers Welfare Administration (OWWA) offer subsidies and reintegration initiatives for OFWs. For OFWs looking for quick financial support beyond government aid, Cepat Kredit provides a great substitute.
A key part of responsible borrowing is OFW loan management—ensuring that loans are used sensibly and repaid on time to preserve financial stability. The loan alternatives, application process, and advantages of Cepat Kredit will be discussed in this article to assist you in determining whether it is the best fit for you.

What is Cepat Kredit’s OFW & Seafarer Loan?
Cepat Kredit offers two primary loan products tailored for overseas workers:
1. OFW Personal Loan (Abroad & Land-based)
Designed for OFWs working abroad, this loan provides financial support for:
- Family support
- Debt consolidation & loan repayment
- Personal savings & emergency funds
- Property investment & housing loans
- Car loans instead of traditional secured loans
This loan is available to land-based OFWs with stable employment and valid documents.
2. Seaman Loan (Personal & Onboard)
Tailored for Filipino seafarers, this loan helps cover:
- Expenses during contract gaps
- Business investments
- Emergency medical expenses
- Family financial obligations
Whether you’re onboard or on vacation, you can access funds through this fast cash loan for OFWs and seafarers.

Loan Features & Benefits
Loan Amounts
- OFW Personal Loan: PHP 40,000 - PHP 500,000
- Seaman Loan: PHP 50,000 - PHP 1,000,000
Interest Rates
- 2.5% per month for skilled/unskilled workers
- 1.9% per month for PRC professionals (PRC professional loan)
- 1.99% per month for seafarer officers (Loan for seafarer officers)
Repayment Terms
Flexible up to 12 months
Who Can Apply?
- OFWs and Seafarers
- Family members (with a co-borrower)
Qualifications & Requirements
Who is Eligible?
To qualify, you must meet these basic criteria:
- Filipino citizen
- Working abroad (OFW) or with a seafarer contract
- Stable employment (at least last three months of solid financial background)
- Sufficient salary for loan repayment
Required Documents
For OFWs:
- Valid Passport
- Employment Contract
- Remittance records
- Bank statements (last 3 months)
- Essential documents (Visa, Work Permit, Flight Details)
For Seafarers:
- Seaman's Book
- Proof of employment (contract)
- Co-maker (if required)
- Bank statements
Having a co-borrower increases your chances of loan approval, especially for first-time applicants.
How to Apply for a Cepat Kredit Loan
Step-by-Step OFW Loan Application Process
Step 1: Complete the Loan Application
Fill out the online form or visit a physical branch (if available).
Step 2: Submit Requirements
Provide all essential documents, including your passport, proof of stable employment, and bank statements.
Step 3: Loan Approval
Expect a fast approval process, usually within 24-48 hours.
Step 4: Receive Loan Proceeds
Once approved, the loan proceeds will be transferred to your bank account.
Pros & Cons of Cepat Kredit Loans
Pros:
- Fast approval (as quick as 24 hours)
- Low-interest rates for professionals and officers
- No collateral required (Unsecured loans)
- Available for both OFWs and Seafarers
- Flexible repayment terms
Cons:
- Shorter maximum loan terms (only up to 12 months)
- Strict salary requirements for higher loan amounts
- Multiple document requirements

Is Cepat Kredit the Right Loan for You?
Who Benefits the Most?
- OFWs needing emergency funds
- Seafarers covering expenses between contracts
- OFWs planning for major expenses like a housing loan, car loan, or investment
- Those needing a personal loan without collateral
When to Consider Other Options?
- If you need a longer repayment period (beyond 12 months)
- If you lack required documents (Seaman’s Book, bank statements, etc.)
- If you need a higher loan amount than what is offered

Conclusion
Offering low-interest rates, quick approval, and financial support catered for overseas Filipino workers, Cepat Kredit is a trustworthy lender for OFWs and sailors. This OFW loan might offer rapid relief while keeping flexible repayment terms whether your family support, investment, or emergency needs call for money.
Consider applying with Cepat Kredit right now if you satisfy the requirements and require a loan for sailors or OFW personal loan!
Frequently Asked Questions
Cepat Kredit provides varying loan amounts depending on the type of loan:
- Land-based Personal Loan for OFWs: Up to 200% of the monthly salary.
- Land-based Abroad Loan for OFWs: Up to 150% of the monthly salary.
- Sea-based Personal Loan for Seafarers: Up to 250% of the monthly salary.
- Sea-based Abroad Loan for Seafarers: Up to 200% of the monthly salary.
The interest rates and terms are as follows:
- Interest Rates:
- Skilled and Unskilled Workers: 2.5% per month.
- Professionals with PRC licenses: 1.99% per month.
- Loan Term: Maximum of 12 months.
To be eligible, applicants must:
- Be a Filipino citizen.
- Possess a valid Philippine passport.
- Have a valid employment contract and confirmed ticket booking.
- Earn a minimum net monthly salary of PHP 40,000 (comprising at least PHP 25,000 basic salary plus allowances).
- Be between 21 to 59 years old.
Required documents include:
- For Principal Borrower:
- Valid Philippine Passport.
- Two valid IDs (at least one primary ID).
- Proof of billing.
- Department of Migrant Workers (DMW) validated contract, Certificate of Employment (COE), salary certificate, or payslip.
- Valid entry visa or work permit.
- Valid resident card (if an immigrant abroad).
- Ticket or flight details.
- For Co-Borrower:
- Two valid primary IDs.
- Proof of billing (if residing at a different address from the principal borrower).
Cepat Kredit offers a fast approval process, with loan approvals typically occurring within 24 to 48 hours after submission of complete requirements.
Yes, Cepat Kredit allows family members to apply for a loan on behalf of an OFW or seafarer, provided they have a co-borrower and can submit the required documents, including proof of remittances and employment verification.