Personal Loan Information
Terms and Conditions
- I hereby certify that all information herein are true and correct based on my own knowledge and further authorize SB Finance (“SBF”)to obtain information as it may require concerning my application to subscribe to this program and agree that it shall be retained by SBF subject SBF’s data retention policy, whether my application is approved or not. Any information given by me or other persons I authorized, which is not true or accurate, will automatically cause the SBF to reject my loan or cancel its approval.
- I hereby willingly, voluntarily, and with full knowledge of my right under the law, waive the right to confidentiality of information and authorize SBF to obtain and/or disclose, divulge and reveal any kind information relating to my account/s and/or transactions with Security Bank Corporation, its subsidiaries and affiliates, including events of default, for the purpose of, among others, client evaluation and profiling, credit reporting or verification and recovery of the obligation due and payable to SBF under the terms and conditions of this agreement.
- I guarantee that I have obtained the consent of any or all persons named herein as co-maker, guarantor, surety, past employer, supplier, seller of the property, or personal reference, for all purposes necessary to this loan agreement. Any information given by me or other persons I authorize, which is not true or accurate, will automatically cause SBF to reject my loan or cancel its approval.
- In view of the foregoing, SBF may disclose, divulge and reveal the aforementioned information to third parties, including but not limited to my employer, Security Bank Corporation and its affiliates, subsidiaries, agents or service providers, the Bankers’ Association of the Philippines– Credit Bureau (BAP – CB), Credit Information Corporation (CIC), TransUnion, or to any similar central monitoring entity or recipients as provided for by law and required by competent authority.
- I further authorize SBF to process, transfer, share, and disclose any information relating to my credit data, telecom or mobile usage data or “telco score” to credit info data providers or credit scoring service providers (i.e. Globe Telecom, Inc., Smart Communications, Inc. , and other telecommunications service provider), for the purpose of credit verification, collection, credit review and credit scoring/analytics, and statistical and risk analysis.
- I further authorize the SBF, as my Attorney-in-Fact, to conduct random verification with the Bureau of Internal Revenue (the “BIR”) in order to establish the authenticity of my Tax Statements (the “ITR”) and the accompanying financial statements/documents submitted to SBF in accordance with banking regulatory requirements.
- I hold SBF free and harmless from any and all liabilities, claims and demands of whatever kind or nature in connection with or arising from the aforementioned disclosure or reporting.
- I hereby acknowledge that the Personal Loan or any part(s) thereof shall be deemed to have been availed on the date when the funds are transferred to my deposit account maintained with Security Bank Corporation, or upon receipt of the Manager’s Check, reflecting the amount of the loan less the applicable fees, charges and taxes.
- I further authorize SBF to deduct from my Loan proceeds all fees including, but not limited to, processing fees, documentary stamp tax, notarial fees and interest accruals should the first due date be over 30 days from the release of my loan and other related charges.
- I hereby agree that SBF has the right to approve a lower amount than my desired loan amount as indicated in this application and shall render SBF free and harmless from any liability arising thereof.
- I hereby agree that should my application be denied, SBF has no obligation to furnish the reason for such rejection or to return my application and other submitted documents.
- I also legally bind myself to the Terms and Conditions of the Loan Program Promissory Note, Disclosure Statement and other relevant documents that I shall execute in favor of SBF.
- I have read SBF’s privacy notice (https://www.sbfinance.com.ph/security-information/) and understand that the SBF recognizes my rights as data subject under the Data Privacy Act of 2012. I hereby give consent to the processing of my personal data for purposes of obtaining the loan and all other ancillary services necessary for the maintenance of my account/s and collection of payment. Subject to remain in effect or five (5) years after account closure, I hereby give my consent for SBF to share and process my personal information and any other information relating to my account/s and/or transactions to any member of the SBC Group (Security Bank Corporation and its affiliates and subsidiaries reported as part of SBC’s conglomerate map group structure as defined under BSP Circular 749) and Bancassurance companies or their authorized Service Providers and representatives, for purposes of cross-selling products and services, profiling and credit evaluation/reference checks, audit and account balance confirmation and allow them to contact me for this purpose (i.e. by email, telephone, text, etc.) or in case of audit where my account/s is/are chosen as sample for account balance confirmation.