I hereby certify that all
information herein are true and correct based on my own knowledge and further
authorize SB Finance to obtain information as it may require concerning my
application to subscribe to this program and agree that it shall be retained by
the Bank subject to the Bank'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 SB Finance 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 the SB Finance to disclose,
divulge and reveal any such information relating to the account of the
Borrower/Mortgagor, including events of default, for the purpose of, among
others, client evaluation and pro‑ling, credit reporting or verification and
recovery of the obligation due and payable to SB Finance under the terms and
conditions of this agreement.
I guaranty 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
the Bank to reject my loan or cancel its approval.
In view of the foregoing, SB
Finance may disclose, divulge and reveal the aforementioned information to
third parties, including but not limited to my employer, SB Finance’s
affiliates, subsidiaries, agents or service providers, the Bankers’ Association
of the Philippines– Credit Bureau (BAP – CB) or to any similar central
monitoring entity or recipients as provided for by law and required by
I further authorize SB Finance
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 SB
Finance, 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 SB Finance in accordance with banking regulatory requirements.
I hold SB Finance 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
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 bank account maintained with SB
Finance, or upon receipt of the Manager’s Check, reflecting the amount of the
loan less the applicable fees, charges and taxes.
I further authorize SB Finance
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
I hereby agree that SB Finance
has the right to approve a lower amount than my desired loan amount as
indicated in this application and shall render SB Finance free and harmless
from any liability arising thereof.
I hereby agree that should my
application be denied, SB Finance 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 SB
I have read SBC’s privacy
notice (https://www.securitybank.com/security-information/) and understand that
the SB Finance 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 SB
Finance to share and process my information relating to my account/s to any
member of the SBC Group (SBC 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.
o No, I do not agree to have my account/s
used for purpose of cross-selling products, profiling and credit
evaluation/reference checks, audit and account balance confirmation.