Am I Qualified to Borrow?
This app is perfect for Filipino citizens aged 18 to 60. To qualify, you need a valid government-issued ID and proof of a steady income.
Loan Details You Should Know:
Amount You Can Borrow: ₱5,000 - ₱200,000
Loan Term Options: Between 91 days and 360 days
Annual Interest Rate (APR): 24.05%
No Transaction Fees
Service Fee: 2% of the loan (₱100 to ₱4,000)
How Much Will You Pay?
For a ₱20,000 loan over 120 days, you’ll repay in four installments of ₱5,395 each, which includes ₱395 in interest per payment. The total interest over the loan term is ₱1,581. After subtracting the ₱400 service fee upfront, the amount you’ll receive is ₱19,600, with a total repayment of ₱21,581.
Tip:
Be sure to read the terms outlined in the Disclosure Statement before applying for your loan.
1. Loan Applications
Funds granted by the Lender are to be employed by the Borrower strictly for purposes that are legal and valid. Exclusively, the use of these funds is restricted to the Borrower's individual requirements.
2. 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 three hundred and sixty (360) calendar days, subject to the term agreed upon in the Loan Decision.
3. Loan Amount Agreement
Pursuant to the agreement herein, the Lender shall furnish a loan to the Borrower, and the Borrower shall accept and employ the loan furnished by the Lender, in the total amount delineated in the Loan Decision, as reflected in the Promissory Note and the Borrower's Personal Account.
4. Interest
The Borrower shall be answerable to the Lender for the payment of interest on the Loan until the entire sum is discharged, with the interest being computed and disbursed in adherence to the provisions specified in these General Terms and Conditions.
Interest on the Loan accumulates daily until the Maturity Date. The interest rate is determined on an individual basis and elucidated in the Disclosure Statement.
5. 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.
6. Prior Condition for Disbursing Loan Funds
The provision of Loan funds will only proceed after the Lender has verified the completion of specific conditions by the Borrower: the Borrower must furnish their bank account details; a selfie with an identity document must be uploaded to the Borrower's Personal account; the Loan Decision must be received, confirmed, and accepted by the Borrower, either through SMS or via a direct call.
Following the Lender's acceptance of the Borrower's Loan Application, the Borrower shall not have the privilege to cancel the Loan or to reject the proceeds thereof, unless such rejection incurs fees for cancellation, denial, or prepayment as may be outlined by the Lender. The Borrower consents that the Lender is endowed with the discretion to accept or reject the cancellation of the Loan.
The Lender will not bear responsibility for any misdirected Loan proceeds resulting from the Borrower's incorrect data submission. Additionally, the Lender shall not be held accountable for any delays or complications in the forwarding of Loan proceeds to third parties as instructed in writing by the Borrower.
7. Statements and Commitments
The Borrower makes the following representations and warranties to the Lender, which shall remain in force on a continuous basis:
he commitments made by the Borrower within this Loan Agreement, including all associated documents, are deemed to be legal, valid, enforceable, and in binding agreement upon the Borrower;
The execution and performance of this Loan Agreement by the Borrower, along with all transactions envisaged within, do not and will not lead to any conflict with any laws, regulations binding the Borrower, or any agreements or contracts to which the Borrower is a party;
No ongoing or foreseeable event of default is associated with the provision of this Loan;
The Borrower has provided the Lender with all pertinent information, financial or otherwise, concerning the Borrower and all related parties that is necessary for the Lender to be fully informed under the terms of this Loan Agreement. All such information is truthful, complete, and accurate to the best of the Borrower's knowledge and has not been presented in a misleading manner;
The Borrower has reviewed, comprehends, and agrees to the terms and conditions outlined in the Loan Agreement, and all relevant documents. The Borrower commits to adhere to these documents and any of their amendments, which are made available on the Lender's official website or communicated by the Lender through chosen communication methods;
The Borrower acknowledges their responsibility for the full, timely, and accurate repayment of the loan as detailed in the Loan Agreement;
The Borrower understands that the Lender retains the right to either accept or deny the Loan Application based on valid grounds. All application documents and supplementary paperwork submitted will be incorporated into the Lender's records and will not be returned to the Borrower.
The Borrower views their Loan Application as merely a proposal, with the final decision resting on the Lender's evaluation and approval processes, in line with the Lender's prevailing policies. The Borrower consents to respect the Lender's decisions and will not pursue any form of complaint or legal action against the Lender on these grounds;
The Borrower unequivocally accepts that they are rightfully indebted to the Lender for the amount of the loan disbursed according to the terms stipulated.
Additionally, throughout the tenure of the Loan, the Borrower undertakes to:
Use the loan solely for personal requirements, including but not limited to educational expenses, medical emergencies, travel, home maintenance, or other personal consumption purposes;
Comply with all applicable legal requirements in relation to the execution of their obligations under this Loan Agreement and associated documents;
Secure and maintain any necessary authorizations, consents, or approvals required to fulfil their obligations under this Loan Agreement and to ensure its enforceability and legal validity;
Promptly inform the Lender in writing of any event that may constitute a default under this Loan Agreement or any other agreement the Borrower is party to, as well as any actions being taken to address such issues;
Notify the Lender within three (3) days of any changes to their personal details such as name, date of birth, or residential address;
Inform the Lender about any changes to their employment, business, or professional activities. If self-employed, the Borrower commits to regularly update the Lender about their financial status as per the Lender's request.
8. Disclosure of Information
The Borrower explicitly authorizes the Lender to divulge details about the Borrower's transactions or accounts concerning the Loan, alongside information in this Loan Agreement and the Promissory Note, to (i) state authorities; (ii) prospective or actual buyers of the debt; (iii) entities such as auditors, legal advisors, or agencies engaged in collection; (iv) credit bureaus; (v) insurers, agents, or any third-party providers linked to the Lender's services or products, including its parent, branches, subsidiaries, and affiliated firms; or (vi) for marketing or offering various services or products. This disclosure is subject to the Lender's absolute discretion, in line with Philippine laws, without any liability to the Borrower. The Borrower acknowledges and agrees to these practices, waiving any need for further consent.
Following the stipulations of Republic Act No. 9510 and its Implementing Rules and Regulations, which created the Credit Information Corporation (CIC), the Lender must report the Borrower's credit data to the CIC and any updates or corrections thereto. This data will be used by the CIC and other authorized credit reporting bodies to evaluate the Borrower's credit standing.
In the event of the Borrower's inability to meet the loan repayment requirements as specified, beyond the pursuit of debt collection actions as outlined or under Philippine law, the Lender may report such delinquencies to third parties, including collection agencies, for debt retrieval purposes.
The Borrower agrees to allow the Lender, along with its associates, to gather, access, process, and retain personal details as provided in the loan application for the purpose of loan evaluation and approval. This includes collecting information from the Borrower and other sources for credit scoring and sharing with entities for credit analysis, profiling, and updating credit scores. The Borrower's information may also be utilized for promotional purposes by the Lender's partners. The Borrower's rights under the Data Privacy Act of 2012 will be fully upheld by the Lender and its third-party associates handling personal data.
9. 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 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.
10. Review
The Lender is granted the capability to periodically scrutinize the Loan, along with an unequivocal right to call back the Loan and request immediate repayment, a right that the Lender may activate at its discretion.
The Lender also has the sole prerogative to refine or alter the Terms and Conditions mentioned within this agreement, at any time, according to its determination.
11. 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: INTEGRATED SOLUTIONS & GLOBAL NETWORKS, INC.
Email for Support: contactus@integratedsolutionsph.com
Support Contact: 9212350761
Location Address: No. 365 Km. 9 Asin Road Tadiangan Tuba, Benguet, 2603 Philippines
12. Complete Agreement
This Agreement embodies the complete consensus between the Parties, nullifying and replacing any prior commitments, understandings, declarations, guarantees, and agreements, irrespective of being in written or oral form, related to the subject matter herein.
