LOAN APPROVAL

I. Application Details
Loan Reference number (LRN)
Date of application Wednesday, September 4, 2019
Approval date Thursday, September 05, 2019

II. Borrower's application details

Full name BACATAN, MARIO C.
Mobile number 09976580599
Government ID type Driver's License
ID number D04-19-162541
Present address BLK 20 LOT 46 PH.3 GARDEN VILLAS SUBD. STA.ROSA LAGUNA
Landline number n/a
Email address mariobacatan256@gmail.com

III Approved Loan Information

Approved Loan amount ₱2,000.00
Approved Payment Term (months) 1
Interest Amount ₱606.00
Processing Fee 0%
Net Loan Proceeds 1,940.00
Date of contract Thursday, 5 September 2019
Due date every 15 days
Start of payment Friday, 20 September 2019
End of payment Saturday, October 5, 2019
Amount due per period ₱1,303.00
250.00 or 5% of the amount due (whichever is higher) for every occurrence of late
Late Penalty Fee
payment
** Payment date indicated above may change, subject to the release date of the funds **
TERMS AND CONDITIONS
The Borrower: is approved Loan Applicant having personal details as stated in Item II of this Loan Application and Credit Agreement (Collectively called "Loan
Documents").
1. The Lender: “PB Benlify Lending Services Inc.”
Address: Kennedy Center Prime St. Madrigal Business Park II Alabang Muntinlupa City
2. Once loan is approved subject to the Credit Agreement and specific terms applicable to the “Loan Approval" therein, the loan amount is disbursed to the Borrower through services
offered by Banks and/or Money Transfer Providers in partnership with the Lender.
3. The Borrower undertakes to use all his lawful assets to secure the payment and performance of all present and future, actual or contingent obligations to the Lender pursuant to the
Loan Agreement, and separately or jointly with any other person and includes principal, interest, overdue interest, fees, damages, costs, charges, expenses and liabilities payable by
the Borrower on a full indemnity basis. In the event of failing to perform or breaching any of obligations to the Lender, the Borrower agrees that the Lender has all the rights and
remedies available to it under applicable laws of the Philippines, the Loan Documents and other relevant documents, for recovery of debts.
4. Additional undertaking of the Borrower:
a. The Borrower shall disclose to the Lender all information which is material to the Lender in view of the provisions of the Loan Documents and other relevant documents and
which is true, complete and accurate in all material respects as at the date it was given and is not misleading in any respect. The Borrower hereby authorized the Lender to request and
obtain data from third party(ies) to verify any information the Borrower provided to the Lender in connection with this Loan Application.
b. The Borrower has read, understood and agreed to comply with terms and conditions of the Loan documents and other relevant documents. The Borrower accepts and
agrees to be bound by the Loan documents and other transaction documents including amendments of these documents as an integral part thereof, which the Borrower
acknowledges are available for reading or downloading at the Lender's website : www.benlify.com and/or notified by the Lender to the Borrower thru various communication
channels which the Lender deems fit.
c. The Borrower understands and acknowledges his/her obligation with respect to making the full, complete and timely payment of his/her loan obligation as stipulated in the Credit
Agreement.
d. The Borrower understands and acknowledges that the Lender has the absolute discretion to accept or reject this Loan Application without assigning any reason whatsoever and that
this Loan Application and its supporting documents shall become part of the Lender’s record and shall not be returned to the Borrower.
e. The Borrower understands and acknowledges that the Borrower’s loan application should be regarded as an offer only. Official approval of the loan application shall be decided
upon the Lender’s appraisal and approval according to the Lender’s policy from time to time. The Borrower voluntarily agrees to the Lender’s decisions. The Borrower shall not file
any complaints, or seek redress against the Lender on these matters.
f. Upon approval of this Loan Application, the disbursement of the amount of the loan shall be at the Lender’s absolute discretion. The Borrower unconditionally acknowledges that
the Borrower is truly and lawfully indebted to the Lender on the approved loan amount in case the Lender had disbursed the said amount as stipulated.
5. GENERAL TERMS APPLICABLE TO LOAN APPLICATION AND CREDIT AGREEMENT
a. In case the Borrower fails to pay fully or correctly or timely the loan obligation, in addition to debt recovery measures as specified herein/therein or in accordance with the
Philippine laws, the Lender shall be entitled to provide information on such failure to third parties, including but not limited to collection agencies for the purpose of collecting the
loan obligation.
b. The Borrower agrees that information and documents furnished to the Borrower or the Lender in connection with this Loan Application and other Transaction Documents may be
delivered by hand or sent by prepaid ordinary mail or sent by email (electronic mail) or sent by facsimile to the facsimile number of the addressee or sent by phone call to the phone
number of the parties, or sent by message to the mobile number of the addressee which is specified in Loan Documents.
c. Notification regarding R.A. No. 9510. Pursuant to Republic Act (R.A.) No 9510 and its Implementing Rules and Regulations (IRR), creating the Credit Information Corporation
(CIC) we are mandated to submit your basic credit data (as defined in R.A. No. 9510 and its IRR), as well as any regular updates or corrections thereof, to the CIC for consolidation
and disclosure as may be authorized by the CIC, and other credit reporting agencies duly accredited by CIC, for the purpose of establishing your creditworthiness.
This Loan Application shall take effect from the date it is submitted to the Lender for evaluation and decision procedures for each Loan according to the internal policies and
procedures

Signed by: BACATAN, MARIO C.

Mobile number 09976580599
Disbursement Type Cebuana
Reference Number / Account number