TERMS & CONDITIONS

LOAN RELEASE
The Bank shall disburse the net proceeds of loans in accordance to my preference within fifteen (15) business days after the grant, either by Manager's check, Wire Transfer, or Cash disbursement to my chosen bank account. The notice shall be received by the applicant by a phone call and then by which the choice of disbursement shall then be elected by the applicant.

DESTROYED, LOST, OR STOLEN MANAGER’S CHECK
in the event that the Manager's Check should either be destroyed, lost, or stolen, the loan grantee/applicant shall report the same immediately through our hotline.

REPAYMENT
The loan grantee shall pay the loan amount in the terms agreed upon by the parties, including charges on interest and other fees. In case of late payment, the loan grantee shall be liabile for an additional 5%. All payments shall be made either to any payment channels available such as bank branches including designated payment centers. Any unpaid dues in connection of such payment shall still be subject to a Late Payment fee.

CHANGE IN INFORMATION
In any case there is a change in information about the applicant or the grantee, the applicant or the loan grantee shall notify the bank about the change in information about the applicant or grantee.

PREPAYMENT AND OVERPAYMENT
In any case, the grantee may overpay or make prepayments as to his or her loan. The excess of the payment shall be credited to the next billing period.

STATEMENTS OF ACCOUNT
Statements of account shall be sent to the address chosen by the loan grantee by mail or to the email address specified by the loan grantee in the application form. The statement of account shall indicate the due date, total amount, minimum amount due, and other amoutns for the month and the number unbilled installments remaining.

Any disputes arising from the billing should be notifed to the bank within the period of 60 days. In case of failure to notify disuputes, it shall be deemed to be true and correct by the loan grantee.

PRIVACY
We believe and respect each and every individual's privacy. We do not sell, lease, share, nor disclose in any form the personal and sensitive information of our clients without the consent of the latter.

DISPUTES
Any dispute or controversy arising from this loan agreement shall be resolved by arbitration by the election of the parties. The language used in arbitration shall be in the English language. The chosen number of arbiters for the arbitration shall be at the election and agreement of both parties. The arbitration award shall be based in all facts and circumstances given by both parties, and by which the arbitration award shall be final and binding upon the parties involved. The losing party shall be responsible for the payment of the arbitration and other legal fees including attorney's fees.