-
call:+63 9253108663
Loan Contract
Fund your freedom.
Eligibility Requirements:
Only citizens of the Philippines are eligible to use the app.
Applicants must be aged between 18 and 60 years.
A government-issued ID and proof of stable income are required.
Loan Details:
Loan Range: ₱1,000 to ₱40,000
Term Duration: 91 to 180 days
Interest Rate: APR of 18%
Transaction Fee: None
Service Fee: ₱30 to ₱1,200, with a 3% fee
Important: Be sure to review the Disclosure Statement thoroughly before applying.
Example of Loan Breakdown: For a ₱5,000 loan for 120 days with 4 installments:
Interest per Installment: ₱5,000 x 18% / 365 x 30 = ₱74
Installment Payment: ₱5,000 x 18% / 365 x 30 + ₱30,000 / 120 x 30 = ₱1,324
Total Interest: ₱5,000 x 18% / 365 x 120 = ₱296
Service Fee: ₱5,000 x 3% = ₱150
Total Amount Due: ₱5,000 + ₱296 = ₱5,296
Net Disbursed Amount: ₱5,000 - ₱150 = ₱4,850 (Service fee is deducted upfront)
1. Entire Protocol
This Covenant constitutes the entire concord among the Parties, annulling any former agreements, perceptions, assurances, and arrangements, whether put in writing or articulated orally, connected to the subject of this Agreement.
2. 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.
3. 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.
4. Intended Use of the Loan
The financial assistance dispensed by the Lender is aimed for utilization by the Borrower in a manner that adheres to legal and rightful purposes. The disbursement of these funds must be confined exclusively to the Borrower's personal use.
5. Loan Amount Specification
It is hereby agreed by the Lender to provide a loan to the Borrower, and in turn, the Borrower, agrees to receive and make use of said loan from the Lender, with the sum total as determined in the Loan Decision, evidenced by the Promissory Note and noted in the Borrower's Personal Account.
6. 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.
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 Commitments
The Borrower hereby affirms and guarantees to the Lender, on an ongoing basis, that:
The responsibilities and obligations, expressed or implied, undertaken by the Borrower under this Loan Agreement and any pertinent documents, are lawful, valid, binding, and enforceable;
The Borrower's entrance into and fulfillment of the terms of this Loan Agreement, as well as any related transactions, do not and will not contravene any applicable laws or regulations or any agreements or instruments that are binding on the Borrower;
No current event of default exists, nor is any expected to arise from the provision of the Loan;
All material information, financial or otherwise, concerning the Borrower and other relevant entities has been fully disclosed to the Lender, ensuring the Lender is well-informed in accordance with this Loan Agreement. This information is true, accurate, and not misleading in any manner as of its provision date;
The Borrower has meticulously reviewed, comprehended, and consented to adhere to the stipulations of the Loan Agreement, Promissory Note, and related documents. The Borrower consents to be bound by these documents, including any modifications, which are accessible on the Lender's website () and have been communicated to the Borrower through various channels chosen by the Lender;
The Borrower is fully aware of and acknowledges their obligations towards the timely and complete repayment of the loan as outlined in the Loan Agreement;
The Borrower recognizes that the Lender reserves the right to accept or reject the Loan Application based on legitimate grounds, and that the application and its supplementary documents will be retained by the Lender and not returned;
The Borrower regards their Loan Application as merely a proposal, with the final approval contingent upon the Lender's evaluation and policy. The Borrower willingly acquiesces to the decisions made by the Lender, agreeing not to lodge any grievances or seek legal recourse in these matters;
The Borrower unequivocally acknowledges their indebtedness to the Lender for the sanctioned loan amount, assuming it has been disbursed as agreed.
Furthermore, throughout the Loan Term, the Borrower commits to:
Utilize the loan exclusively for personal needs, such as education, medical emergencies, travel, household expenses, or similar personal expenditures;
Abide by all applicable laws in performing obligations under this Loan Agreement and associated documents;
Acquire and maintain any necessary authorizations, consents, or approvals required to fulfill their obligations under this Loan Agreement and to affirm its legality, validity, enforceability, or admissibility as evidence;
Promptly inform the Lender in writing of any potential or actual default events specified in the Loan Agreement, including any situations that may constitute a default under any other agreements to which the Borrower is a party, along with any remedial actions being undertaken;
Notify the Lender within three calendar days of any changes to their name, date of birth, or residential address;
Inform the Lender of any changes in employment, business, or professional activities, and if self-employed, provide updates on personal financial conditions as periodically requested by the Lender.
9. Default Events
The occurrence of any of the situations below shall constitute Default Events:
Non-compliance or non-fulfillment by the Borrower of any conditions or obligations set forth in the Loan Agreement, Promissory Note, or other related contracts with the Lender;
Failure of the Borrower to remit any principal, interest, or other charges when due as per the obligations to the Lender stipulated in the Loan Agreement;
Discovery that any representation or commitment made by the Borrower regarding the Loan was false or misleading at the instance it was made, regardless of the Lender's actual harm from such falsehood or non-performance;
The Borrower voluntarily discontinues his/her financial engagements or is declared insolvent, cannot meet his/her debt obligations as they mature, or commits any bankruptcy or insolvency act;
If a court of competent jurisdiction imposes a final judgment or decree against the Borrower for a significant amount and it is not satisfied, discharged, or bonded within ten (10) days of its lawful due date;
Death of the Borrower or his/her conviction of a criminal offense that results in a final judgment imposing a penalty that includes civil interdiction, or falls under the conditions outlined in Article 1198 of the Civil Code of the Philippines;
A material adverse change in the Borrower's financial status or condition since the Loan was sanctioned, which, in the Lender's reasonable view, would negatively influence the Borrower's ability to adhere to the Loan Agreement terms.
Implications of Default
In the event a Default Event is triggered:
The Lender may, at its own discretion, declare the total Loan amount as immediately due and require the Borrower for immediate and full repayment;
If the default arises due to the Borrower's delay in loan payment, the prescribed Late Payment Penalties and Fees will take effect;
The Lender is entitled to all legal and Promissory Note-sanctioned remedies to pursue its claims against the Borrower.
The Borrower agrees to waive any necessary notices or procedures for the Lender to activate its rights following a Default Event. The Lender's failure or delay in exercising any right or remedy does not constitute a waiver unless explicitly stated in a written agreement by the Lender.
10. 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: GOOD HOPE LENDING CORPORATION
Email for Support:
Support Contact: 9253108663
Location Address: 430 Dr. J. Quintos Street Malate Manila, Metro Manila, 1004 Philippines
11. Review
The Loan is subject to the Lender's review at any time and also subject to the Lender's overriding right of withdrawal and repayment on demand, which the Lender reserves the right to exercise at any time.
The Lender shall have the right to review and revise the Terms and Conditions specified hereunder at any time at its sole discretion.
Only citizens of the Philippines are eligible to use the app.
Applicants must be aged between 18 and 60 years.
A government-issued ID and proof of stable income are required.
Loan Details:
Loan Range: ₱1,000 to ₱40,000
Term Duration: 91 to 180 days
Interest Rate: APR of 18%
Transaction Fee: None
Service Fee: ₱30 to ₱1,200, with a 3% fee
Important: Be sure to review the Disclosure Statement thoroughly before applying.
Example of Loan Breakdown: For a ₱5,000 loan for 120 days with 4 installments:
Interest per Installment: ₱5,000 x 18% / 365 x 30 = ₱74
Installment Payment: ₱5,000 x 18% / 365 x 30 + ₱30,000 / 120 x 30 = ₱1,324
Total Interest: ₱5,000 x 18% / 365 x 120 = ₱296
Service Fee: ₱5,000 x 3% = ₱150
Total Amount Due: ₱5,000 + ₱296 = ₱5,296
Net Disbursed Amount: ₱5,000 - ₱150 = ₱4,850 (Service fee is deducted upfront)
1. Entire Protocol
This Covenant constitutes the entire concord among the Parties, annulling any former agreements, perceptions, assurances, and arrangements, whether put in writing or articulated orally, connected to the subject of this Agreement.
2. 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.
3. 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.
4. Intended Use of the Loan
The financial assistance dispensed by the Lender is aimed for utilization by the Borrower in a manner that adheres to legal and rightful purposes. The disbursement of these funds must be confined exclusively to the Borrower's personal use.
5. Loan Amount Specification
It is hereby agreed by the Lender to provide a loan to the Borrower, and in turn, the Borrower, agrees to receive and make use of said loan from the Lender, with the sum total as determined in the Loan Decision, evidenced by the Promissory Note and noted in the Borrower's Personal Account.
6. 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.
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 Commitments
The Borrower hereby affirms and guarantees to the Lender, on an ongoing basis, that:
The responsibilities and obligations, expressed or implied, undertaken by the Borrower under this Loan Agreement and any pertinent documents, are lawful, valid, binding, and enforceable;
The Borrower's entrance into and fulfillment of the terms of this Loan Agreement, as well as any related transactions, do not and will not contravene any applicable laws or regulations or any agreements or instruments that are binding on the Borrower;
No current event of default exists, nor is any expected to arise from the provision of the Loan;
All material information, financial or otherwise, concerning the Borrower and other relevant entities has been fully disclosed to the Lender, ensuring the Lender is well-informed in accordance with this Loan Agreement. This information is true, accurate, and not misleading in any manner as of its provision date;
The Borrower has meticulously reviewed, comprehended, and consented to adhere to the stipulations of the Loan Agreement, Promissory Note, and related documents. The Borrower consents to be bound by these documents, including any modifications, which are accessible on the Lender's website () and have been communicated to the Borrower through various channels chosen by the Lender;
The Borrower is fully aware of and acknowledges their obligations towards the timely and complete repayment of the loan as outlined in the Loan Agreement;
The Borrower recognizes that the Lender reserves the right to accept or reject the Loan Application based on legitimate grounds, and that the application and its supplementary documents will be retained by the Lender and not returned;
The Borrower regards their Loan Application as merely a proposal, with the final approval contingent upon the Lender's evaluation and policy. The Borrower willingly acquiesces to the decisions made by the Lender, agreeing not to lodge any grievances or seek legal recourse in these matters;
The Borrower unequivocally acknowledges their indebtedness to the Lender for the sanctioned loan amount, assuming it has been disbursed as agreed.
Furthermore, throughout the Loan Term, the Borrower commits to:
Utilize the loan exclusively for personal needs, such as education, medical emergencies, travel, household expenses, or similar personal expenditures;
Abide by all applicable laws in performing obligations under this Loan Agreement and associated documents;
Acquire and maintain any necessary authorizations, consents, or approvals required to fulfill their obligations under this Loan Agreement and to affirm its legality, validity, enforceability, or admissibility as evidence;
Promptly inform the Lender in writing of any potential or actual default events specified in the Loan Agreement, including any situations that may constitute a default under any other agreements to which the Borrower is a party, along with any remedial actions being undertaken;
Notify the Lender within three calendar days of any changes to their name, date of birth, or residential address;
Inform the Lender of any changes in employment, business, or professional activities, and if self-employed, provide updates on personal financial conditions as periodically requested by the Lender.
9. Default Events
The occurrence of any of the situations below shall constitute Default Events:
Non-compliance or non-fulfillment by the Borrower of any conditions or obligations set forth in the Loan Agreement, Promissory Note, or other related contracts with the Lender;
Failure of the Borrower to remit any principal, interest, or other charges when due as per the obligations to the Lender stipulated in the Loan Agreement;
Discovery that any representation or commitment made by the Borrower regarding the Loan was false or misleading at the instance it was made, regardless of the Lender's actual harm from such falsehood or non-performance;
The Borrower voluntarily discontinues his/her financial engagements or is declared insolvent, cannot meet his/her debt obligations as they mature, or commits any bankruptcy or insolvency act;
If a court of competent jurisdiction imposes a final judgment or decree against the Borrower for a significant amount and it is not satisfied, discharged, or bonded within ten (10) days of its lawful due date;
Death of the Borrower or his/her conviction of a criminal offense that results in a final judgment imposing a penalty that includes civil interdiction, or falls under the conditions outlined in Article 1198 of the Civil Code of the Philippines;
A material adverse change in the Borrower's financial status or condition since the Loan was sanctioned, which, in the Lender's reasonable view, would negatively influence the Borrower's ability to adhere to the Loan Agreement terms.
Implications of Default
In the event a Default Event is triggered:
The Lender may, at its own discretion, declare the total Loan amount as immediately due and require the Borrower for immediate and full repayment;
If the default arises due to the Borrower's delay in loan payment, the prescribed Late Payment Penalties and Fees will take effect;
The Lender is entitled to all legal and Promissory Note-sanctioned remedies to pursue its claims against the Borrower.
The Borrower agrees to waive any necessary notices or procedures for the Lender to activate its rights following a Default Event. The Lender's failure or delay in exercising any right or remedy does not constitute a waiver unless explicitly stated in a written agreement by the Lender.
10. 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: GOOD HOPE LENDING CORPORATION
Email for Support:
Support Contact: 9253108663
Location Address: 430 Dr. J. Quintos Street Malate Manila, Metro Manila, 1004 Philippines
11. Review
The Loan is subject to the Lender's review at any time and also subject to the Lender's overriding right of withdrawal and repayment on demand, which the Lender reserves the right to exercise at any time.
The Lender shall have the right to review and revise the Terms and Conditions specified hereunder at any time at its sole discretion.