Frequently Asked Questions

Who is eligible for an FMCC loan?

All PTC, Jebsen PTC, MSC and RCCL seafarers who are onboard or have an assigned vessel and confirmed departure date are eligible.

Their allottees are also eligible for loans.

How much is the interest rate?

At FMCC, we make our loan products affordable for our seafarers and their families.

Our interest rates are below the market average.

How long will it take to process a loan?

Loan applications are processed and released within 24 hours once all documents / requirements have been completed.

What are the loan requirements?

Valid ID ( Seaman’s book or passport ) 
Seafarer contract issued by PTC, Jebsen PTC, MSC or RCCL 
Home Allotment Form

How much is the maximum loan amount?

The maximum loanable amount is dependent on the salary stated in the contract.

How many processing days?

If all requirements are met and documents are in order, FMCC can complete loan approval and releasing of funds on the same day.