Article Loan Form:
- Use valid identification documents when applying for loans. The customer
promises
and confirms that all information, data and documents provided by the customer
according to the terms of this contract are legally used and owned by the
customer,
are correct in all aspects, do not conceal information, and the upper limit of
approval for personal loans does not exceed 5 times of the borrower's income.
- The customer accepts and allows COMPANY to receive information related to
negotiating loan contracts and documents related to loan contracts. COMPANY
shall
not disclose to any third party at any time any information related to the
customer
and/or contracts, loan agreements and/or other relevant documents. The Client
agrees
that the above information may be used, encrypted, transmitted and stored by
COMPANY
, its management company, its affiliates, subsidiaries and member companies that
own
other assets of COMPANY.
- The determination of each applicant's qualification and/or credit limit and/or
interest rate received depends on the loan application documents and/or the
terms
and conditions, but such approval must be decided by the company.
- The Company shall have the right to charge interest during the default period
regardless of any or all instalments. The interest rate shall be charged in such
manner as the Company thinks fit, but shall not exceed the highest interest rate
that the Company is entitled to charge according to law. Debt shall still be
charged
at the interest rate during the accounting period.
- The borrower will be informed of the preliminary approval result when
submitting
the loan application. Both parties agree to abide by the stipulated terms and
conditions.
- The total amount of loans and amortization shall not exceed 18% per year.
- The Company reserves the right to use its internal rules and regulations to
approve
or reject financing. However, even if the approval of special interest rate is
applied , if it is found that the borrower's qualification does not meet the
standards and conditions specified by the company, the borrower agrees to allow
the
company to change the interest rate at any time and for any reason, including
the
cost of using the credit line that the borrower must pay to the company. The
interest rate including these fees shall not exceed the maximum interest rate
prescribed by law.
- This short-term loan contract shall come into force from the date of signing by
both parties (including the electronic contract). The contract text has the same
legal effect. The financial institution and the borrower shall keep a copy of
the
contract.
DISCLOSURE STATEMENT ON LOAN/CREDIT TRANSACTION (As required
under
R.A 3765, Truth Lending Act)
- - The borrower must fill in personal information in the system and all
information
must be filled in truthfully.
- - If the borrower provides untrue information, the company can pursue legal
responsibility against the borrower.
- - All information confirmed by the borrower cannot be changed.
- - Whether the approval result is passed or not comes from the credit review
committee and cannot be changed.
- - The borrower must comply with the outcome of the board's final resolution or
additional requirements to prove the declared information are true and reliable.
- - The borrower must comply with the deliberation results of the board of
directors
within the specified period. After the evaluation is completed, the total amount
will be credited to the account filled in by the borrower in the system.
However, if
the borrower does not fulfill the terms of the contract approved by the Finance,
the
contract will be cancelled. If the contract is terminated, the borrower must pay
a
processing fee of 50% of the loan amount in order to remove all balances from
the
system as liquidation damage.
- - If there is any error after submitting personal information, the error is
caused
by the borrower, the borrower shall be responsible for this event Incorrect
information will be corrected in accordance with the company policy.
- - If the borrower does not bear the mistakes caused by himself, the company can
confiscate the borrower's securities according to law. This would be considered
serious intentional fraud and could face severe legal penalties if brought
directly
to court with the accordance with Article 1170 of Civil code also known as
Breach of
Contract.
- - The parties to this agreement shall stricly abide by their obligations,
unless
the parties agree Otherwise, either party shall not terminate this agreement,
Either
party is in breach of contract, tort or breach of contract, and the party in
breach
shall bear the costs and losses suffered by the other party due to the breach of
contract. Such as: Investigation charge, litigation charge, attorney charge,
etc..
This will be borne by the breaching party if the company defaults, the company
must
pay the borrower all administrative fees, If the borrower defaults, all the
administrative cost must also be paid to the company.
NOW AS THE LOAN APPLICANT HAVE READ, OBSERVED, COMPLIED AND AGREE
WITH ALL THE PROVISIONS IN THIS LETTER. THIS CONTRACT IS DECLARED ACTIVE WHEN THE
LOAN
MONEY IS APPROVED AND RECEIVED BY THE BORROWER IN THE LENDING ACCOUNT WALLET.
Borrower
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The information in this document may be confidential and privileged
and
is valid solely for the purpose it was intended. If you are not the intended
recipient,
any disclosure copying, distribution, or any action taken in reliance on it, is
prohibited and may be unlawful. If you receive, this document in error, please
notify
the sender immediately and delete all copies of this document.