Loan Terms and Conditions

Lender information for Halika Cash

Halika Cash is developed and operated by E-BORROW LENDING CORP., and E-BORROW LENDING CORP. will provide the funds and services required for Halika Cash loans.

E-BORROW LENDING CORP. is a lending institution approved by the Securities and Exchange Commission of the Philippines and subject to the authorization and supervision of the Securities and Exchange Commission of the Philippines under SEC Registration No. 2020100002616-030 and Certificate of Authorization No. 3333.

Section One: Loan Product and Applicability

1.1 These loan terms and conditions are set out for the "Halika Cash" loan product.

1.2 This product is only available to borrowers who meet our approval requirements.

Section Two: Loan Amount and Duration

2.1 Depending on the borrower's credit score and repayment ability, each loan can amount to between 2,000 and 50,000.

2.2 Our loan duration ranges from 91 days to 360 days, and the specific loan term will be decided based on the borrower's needs and our approval.

Section Three: Daily Interest Rate

3.1 The specific daily interest rate, ranging between 0.05% and 0.08%, will be determined based on the borrower's credit score. The annual interest rate will be between 18% and 28.8%.

3.2 The daily interest rate will be set on the day the loan agreement comes into effect and will apply for the full duration of the loan.

Section Four: Repayment

4.1 Based upon the loan amount and term, the borrower must repay principal and interest as per the predetermined repayment plan.

4.2 If the borrower fails to repay according to the repayment plan, our company has the right to seek restitution, which may also affect the borrower's credit record.

Section Five: Loan Overdue

5.1 If the loan is overdue for 3 days or more, the borrower must pay a fine as stipulated in the contract.

5.2 If the loan is overdue and not repaid, our company has the right to report the borrower's default situation to the relevant credit record agencies.

Section Six: Obligations of the Borrower

6.1 The borrower is obligated to provide true and complete information.

6.2 The borrower is obligated to repay the principal and interest within the loan term.

6.3 The borrower is obligated to notify our company promptly if there are changes to their contact information or address.

These clauses constitute the entirety of these loan terms and conditions. They will be deemed read, understood, and fully accepted when the borrower inputs their information and submits their loan application. If you have any questions about the above terms, please consult our company's customer service department for clarification.