Loan Star Lending Group Corp. is a Philippine lending company specializing in loans for active Filipino seafarers. Its seafarer loan is intended for borrowers who need money for household expenses, education, vacations, home improvements, vehicle purchases, pre-departure costs, or unexpected financial needs.
The company allows applicants to begin the process online, but approval is not automatic. Loan Star reviews the applicant’s employment contract, documents, income, and overall capacity to repay before determining the available amount and repayment schedule.
Qualified seafarers may apply for a loan ranging from:
The amount requested by the borrower is not necessarily the amount that will be approved. Loan Star determines the final offer after evaluating the applicant’s employment information, documents and credit profile.
The product is mainly designed for active Filipino seafarers with a valid or recent employment contract. The applicant must be able to provide documents confirming identity and maritime employment.
Approval may depend on factors such as:
Submitting an online application or receiving a confirmation call does not mean that the loan has already been approved. Loan Star’s terms state that an application confirmation should not be treated as final approval.
Loan Star publishes the following basic requirements for seafarer applicants:
Additional documents may be requested when necessary. The borrower should submit clear, valid and consistent copies because incorrect or incomplete information may delay the evaluation.
Depending on the application, the company may also need information concerning the seafarer’s employer, manning agency, vessel, deployment date, salary, allotment and contact persons. Applicants should provide only accurate information that can be verified.
Loan Star describes its application as a four-step process.
The applicant fills out the official online form with personal, contact and employment information. The mobile number and email address must be active because the company may use them to communicate the result or request additional documents.
After the form is submitted, the applicant waits for a call or email from a Loan Star representative. The specialist may review the initial information and explain which documents need to be submitted.
The borrower provides a passport, Seaman’s Book, employment contract, government IDs and other requested documents. Loan Star may ask for additional records if the standard documents are insufficient for verification.
The company evaluates the application and determines whether the applicant qualifies. An approved borrower should receive a loan offer or disclosure statement containing the amount, interest, repayment schedule, applicable charges and other conditions.
The applicant should read the disclosure statement before accepting the loan. Loan Star itself advises borrowers to review the complete loan terms before proceeding with the transaction.
Loan Star does not clearly display a single current interest rate for every seafarer loan on the public pages reviewed. The company promotes competitive or low rates, but the actual cost may depend on the amount, employment contract, repayment period and applicant’s assessment.
An SEC list dated May 31, 2020 included an entity named Loan Star Lending Group Inc. with the same SEC registration and Certificate of Authority numbers shown on the company’s website. The historical list recorded a rate of 3% per month. This is old regulatory information and should not be treated as a guaranteed current rate.
Before signing, the borrower should obtain a written disclosure showing:
A loan described as having “no hidden charge” may still include interest and properly disclosed contractual fees. The borrower should therefore compare the amount received with the total amount that must be repaid.
Loan Star states that a seafarer borrower does not necessarily have to begin paying in the month immediately following the loan release. According to the company’s FAQ, the first monthly amortization may have a grace period of approximately two months from the release date.
The exact due date must still be confirmed in the repayment schedule. Borrowers should not assume that every approved loan will have the same grace period, especially when the employment contract or deployment schedule differs.
Payment instructions and due dates should be included in the loan agreement. Borrowers should use only the bank accounts, payment channels or billers officially identified by Loan Star.
Loan Star Lending Group Corp. was included as a biller in a BDO Pay biller list dated October 27, 2025. The availability of a particular payment channel may change, so borrowers should confirm the current options before transferring money.
Payment receipts should be retained until the account is fully settled. When paying through a bank or another payment partner, the borrower should verify the account or biller name and include the correct loan reference number.
Failure to pay an installment on time may result in penalties, collection activity and adverse credit reporting. The precise late-payment charges should be stated in the contract rather than assumed from advertising materials.
A borrower who expects difficulty paying should contact the company before the due date. Any restructuring, extension or revised schedule must be confirmed in writing. A verbal arrangement with an agent may not change the terms of the signed agreement.
The Loan Star website publishes the following company details:
The same registration and authority numbers appeared in the SEC’s May 2020 list of lending companies. The historical SEC record used the name Loan Star Lending Group Inc., while the company currently presents itself on its website as Loan Star Lending Group Corp.
Loan Star Lending Group Corp. is also included in the Credit Information Corporation’s current list of submitting entities in production. This indicates that the company participates in the Philippine credit information system and may submit borrowers’ loan and payment data.
Registration confirms that the company has appeared in official records, but it does not guarantee approval or make every loan offer suitable for every borrower. Applicants must still verify the terms stated in their individual contract.
A seafarer loan application requires sensitive personal and employment information. Loan Star may need to verify identity, maritime employment, income, contact information and credit obligations before making a decision.
Borrowers should submit documents only through the official website, official company email or verified office channels. Copies of passports, Seaman’s Books and employment contracts should not be sent to an unidentified social-media account or personal messaging number without confirming that it belongs to an authorized representative.
Because the company appears in the CIC list of submitting entities, repayment behavior may become part of the borrower’s credit record. Paying on time can therefore be important for future applications with banks and other lenders.
Loan Star states that it does not request application fees or advance payments. In September 2024, the company published a scam warning concerning individuals and groups impersonating Loan Star and requesting money in exchange for loan approval.
Applicants should be cautious when someone asks for an advance payment described as:
Money should not be sent to a personal bank account or e-wallet belonging to an alleged agent. Suspicious requests should be checked directly with Loan Star through the contact information published on its official website.
The company publishes the following contact channels:
The official contact page also references an office at Unit 206-A, Joncor 2 Building, 1362 A. Mabini Street corner Sta. Monica Street, Ermita, Manila. Applicants should confirm the address and office schedule before visiting.
Yes, the Loan Star Lending Group Corp. is legit. It registered with the Securities and Exchange Commission (SEC), with Registration No. CS201420759 and Certificate of Authority No. 1652. To verify this information, you may also visit the official SEC website.
If you want to file a complaint against "Loan Star Lending Group Corp.", you may leave a review or contact the SEC by email at [email protected] or by calling the SEC Call Center at 02-5322-7696.
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