Seaman Loan Repayment and Allotment Planner

Philippine Maritime Allotment Deduction & Safety Simulator

Contract & Loan Parameters

Presets:

Onboard contracts feature continuous monthly allotment deductions directly through principal manning agencies.

₱45,000
₱
Philippine seaman loans require minimum monthly salary of ₱15,000.
₱100,000
₱
Commonly 1x to 3x monthly basic wage without upfront collateral.
12 Months
Matched to seafarer POEA contract duration (usually 6–12 months).
24% APR (2.0% / mo)
Standard seafarer personal financing ranges from 18% to 30% APR (1.5% - 2.5% monthly add-on).
POEA / DMW Safe Rule: Under Philippine maritime standards, at least 80% of basic wages should be remitted as allottee funds. Keeping loan repayments under 30% protects family stability at home.

Amortization & Allotment Impact

Monthly Amortization ₱9,456.01 Due monthly
Allotment Deduction 21.01% Of monthly salary
Total Payment ₱113,472.12 over 12 payments
Total Interest ₱13,472.12 Financing cost
Allotment Risk Assessment Manageable (<30% of salary)
HEALTHY RATIO
21.0% SALARY BURDEN Max safe ceiling is 30%
● Loan Repayment Deduction ₱9,456.01 (21.0%)
● Net Family Allotment Remitted ₱35,543.99 (79.0%)
● Remaining Safety Buffer Safe (+8.99% under limit)
12 Schedule Rows
Mo. Payment Principal Interest Balance
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