Qualifications for Loan Applicants:

This application is exclusively available to Filipino citizens aged 18 to 60. To qualify, applicants must provide a valid government-issued ID and demonstrate proof of a consistent income source. It is essential to thoroughly review and understand the terms outlined in the Disclosure Statement before proceeding with the application.

Overview of Loan Features:

Loan Amount Range: From ₱5,000 to ₱200,000

Loan Repayment Period: Options range from 91 to 180 days

Annual Percentage Rate: Set at 17.91%

Service Fee: With a 1% charge applied, ranges between ₱50 and ₱2,000

Transaction Fees: No transaction fees applicable

Sample Loan Analysis:

For a loan amount of ₱15,000 over 120 days, repaid in six installments, here's the breakdown:

Service Fee Deduction: Calculated as ₱15,000 x 1% = ₱150

Installment Payment Amount: Approximately ₱2,647 (based on ₱15,000 principal at 17.91% APR divided by 365 days multiplied by 20 days plus the daily share of the principal for each installment)

Interest Per Installment: Comes to around ₱147 (based on ₱15,000 principal at 17.91% APR divided by 365 days multiplied by 20 days)

Total Interest Over Loan Duration: Totals ₱883 (based on ₱15,000 principal at 17.91% APR divided by 365 days multiplied by 120 days)

Final Repayment Total: Including the original principal, total interest, and service fee, the borrower will repay a total of ₱16,033.

1. Contact Details

The terms of this Loan Agreement activate with the lending of funds to the Borrower, as depicted in the Promissory Note, and will stay effective until the terms are deemed unnecessary unless an earlier termination by the Lender occurs or the Parties mutually decide on changes.

For any questions or need for assistance, our contact details are as follows:

Enterprise Name: KASAPI-KAAGAPAY SA PANGKABUHAYAN LENDING INC.

Email for Support:

Support Contact: 9253101352

Location Address: Ramon corner Quezon Street Barangay Marcos District Talavera, Nueva Ecija, 3114 Philippines

2. Prerequisites for the Release of Loan Funds

Funds from the Loan will be disbursed only after the achievement of specific criteria to the Lender's approval: it is necessary for the Borrower to enter their bank account details accurately; the Borrower's photo with an identity document must be uploaded to their Personal account; the Borrower must also confirm and agree to the Loan Decision through SMS confirmation or a direct call.

Once the Loan Application from the Borrower receives approval from the Lender, the Borrower is not permitted to cancel or refuse the Loan proceeds, except in instances where such refusal attracts charges for cancellation, rejection, or early repayment as stipulated by the Lender. It is agreed by the Borrower that the Lender has the authority to decide on the cancellation of the Loan at its discretion.

The Lender disclaims any liability for the issuance of Loan proceeds to incorrect or other bank accounts due to the Borrower's error in entering data. The Lender is also relieved from responsibility for any delays or difficulties in the disbursement of Loan proceeds to third parties following the Borrower's written instructions.

3. Loan Purpose

The Loan issued by the Lender is to be used by the Borrower for legal and legitimate purpose. The loan proceeds shall be used by the Borrower exclusively for personal use.

4. Loan Amount

The lending party commits to providing the borrowing party with the loan's total sum, in accordance with the terms outlined in the Loan Agreement and as detailed within the borrower's account records.

5. Loan Term

"Loan Term" refers to the span over which the Borrower is to settle the principal value of the Loan, in addition to the relevant interest, charges, and fees as stated in the Disclosure Statement. This duration is set to range from ninety-one (91) calendar days to a maximum of one hundred and eighty (180) calendar days, subject to the term agreed upon in the Loan Decision.

6. Interest on the Loan

The Borrower is obligated to the Lender for the payment of interest on the Loan until the total amount is discharged, with the interest being computed and remitted in adherence to the regulations specified within these General Terms and Conditions.

Interest on the Loan accrues on a daily basis until the Maturity Date. The interest rate is determined on a case-by-case basis and disclosed in Disclosure Statement.

7. Penalties and Fees for Late Payment

Any failure to pay the loan amount by the due Maturity Date will obligate the Borrower to pay not only the outstanding amount but also a fixed default charge of PhP1,000 for individuals availing for the first time and PhP800 for those who are repeated clients. A daily interest rate of 5% on the overdue amount will be levied from the first day of delay until the thirtieth day, 4% on the unpaid amount from the thirty-first day until the ninetieth day of delay, and a continual rate of 2% from the ninety-first day of delay until the entirety of the Loan is settled.

8. Declarations and Pledges

The Borrower hereby declares and assures the Lender that, on a perpetual basis:

The obligations articulated or implied by the Borrower under this Loan Agreement, and any connected documents, stand as lawful, legitimate, binding, and executable without contravention;

The initiation and execution of this Loan Agreement by the Borrower, inclusive of all envisaged dealings, will not result in a breach of (i) any applicable statutory or regulatory mandates pertinent to the Borrower, nor (ii) any contractual or legal obligations incumbent upon the Borrower;

There exists no ongoing or predictable event that would constitute a default as a consequence of availing the Loan under this agreement;

The Borrower has transparently revealed to the Lender all critical information, whether financial or otherwise, regarding themselves and any parties of interest, which holds substantial relevance to the Lender for the purposes of this Loan Agreement. This information is presented as truthful, exhaustive, and precise in all significant respects as of its disclosure and does not mislead in any aspect;

The Borrower has conscientiously reviewed, grasped, and consented to abide by the stipulations within the Loan Agreement, the Promissory Note, and supplementary documents. The Borrower is in agreement to be legally bound by these documents, along with any alterations thereto, which have been made available on the Lender's platform () or have been otherwise communicated to the Borrower via suitable channels as deemed appropriate by the Lender;

The Borrower is cognizant of, and acknowledges, their duty towards ensuring the punctual, full, and correct payment of the loan as delineated within the Loan Agreement;

The Borrower recognizes the Lender's unassailable right to either sanction or decline the Loan Application based on legitimate reasons, with the understanding that the application and its supporting documents will be incorporated into the Lender's records and are not subject to return;

The Borrower perceives their Loan Application as solely a proposition, with the definitive approval contingent upon the Lender's evaluation and prevailing policy frameworks. The Borrower willingly accedes to the Lender's determinations and eschews any intentions of contestation or legal recourse against the Lender regarding such decisions;

Without any conditions, the Borrower affirms their genuine and legal obligation to repay the Lender the sanctioned loan amount, assuming its disbursement has been executed as outlined.

Additionally, throughout the duration of the Loan, the Borrower agrees to:

Allocate the loan proceeds strictly for their personal usage, encompassing but not limited to, educational expenses, healthcare emergencies, travel, household needs, or other similar personal expenditure;

Adhere entirely to all applicable regulations and laws in relation to fulfilling their duties under this Loan Agreement and any related documents;

Secure and perpetually uphold any necessary authorizations, consents, or approvals requisite for the performance of their obligations under this Loan Agreement, thereby affirming its legal standing, validity, enforceability, and evidentiary admissibility;

Promptly communicate to the Lender, in writing, about any looming or actual Event of Default as may be defined within the Loan Agreement, or any scenario that could be considered a default under any other binding agreement involving the Borrower, including any attempts to rectify such situations;

Proactively notify the Lender within three (3) days regarding any alterations to their personal information, such as name, birth date, or residential address;

Inform the Lender about any changes in their employment status, business operations, or professional engagements. If the Borrower is self-employed, they commit to regularly updating the Lender on their financial health as per the Lender's requisitions.

9. Entire Agreement

This Agreement constitutes the entire agreement and supersedes all prior agreements, understandings, representations, warranties and arrangements of whatever nature whatsoever, both written and oral, among the Parties with respect to the subject matter of this Agreement.

10. Event of Default

Any and all of the following shall constitute Events of Default:

Failure by Borrower to comply with or perform any of the terms and conditions of the Loan Agreement, Promissory Note, or any other agreements between Borrower and Lender;

Borrower fails to pay when due and payable any principal amounts, interests, costs which Borrower is obliged to pay the Lender under the Loan Agreement;

Any representation or warranty made by Borrower herein or otherwise in connection with the Loan shall prove to have been incorrect or misleading as of the time it was made or deemed to have been made, and without reference to whether or not Lender was in fact prejudiced by such untruthfulness and/or non-fulfillment;

Borrower voluntarily suspends or ceases his/her personal financial conditions or becomes insolvent or is unable to pay his/her debts when they become due or commits or permits any act of bankruptcy or insolvency;

Any final judgment or decree for a substantial sum of money, damages or for a fine or penalty is entered against Borrower by a court of competent jurisdiction and is not paid, discharged or fully bonded within ten (10) days after the date when payment of such judgment or decree is due under applicable laws;

Borrower dies or is convicted of a criminal offense with final judgment carrying with it a penalty of civil interdiction affecting Borrower, or in any of the cases covered by Article 1198 of the Civil Code of the Philippines;

There shall have occurred a material change in the financial circumstances or condition of Borrower reckoned from the approval of the Loan, which, in the reasonable opinion of Lender, would adversely affect the ability of Borrower to perform the obligations under the Loan Agreement.

Consequence of Default

Should an Event of Default occur:

Lender shall have the right, at its discretion, to consider the full amount of the Loan as immediately due and demandable, and require Borrower to make full and immediate payment thereof;

If the default is a result of a failure of the Borrower to timely pay the Loan, the Late Payment Penalties and Fees prescribed under Article 7 shall apply;

Lender shall have all the rights to the remedies provided in the Promissory Note and in law for purposes of enforcing its claims against the Borrower.

To the extent allowed under Philippine law, Borrower accepts to waive any notice or formality meant to enable the Lender to exercise its rights arising from the occurrence of an Event of Default. The failure or the delay to exercise any right, options, power or privilege hereunder shall not operate as a waiver of any right of the Lender to exercise the same hereunder, unless said waiver is given in writing by the Lender, and then only to the extent specifically set forth in said writing.

11. Review

The Lender retains the authority to review the Loan's terms and conditions at its discretion and to enforce its paramount right to call for repayment or cancel the Loan at any moment.

Moreover, the Lender reserves the exclusive right to modify or update the Terms and Conditions outlined in this document at any given time, based on its independent judgement.

12. Language and Governing Law

Under the laws of the Philippines, this Loan Agreement and its Promissory Note are to be interpreted and enforced. Should any disputes arise regarding this Agreement and the Note, including their existence, validity, or discontinuation, such matters will be resolved within the competent Philippine legal venues.