Who Can Access This Service?

To be eligible for borrowing through this platform, applicants must be Filipino citizens aged between 18 and 60. In addition, they are required to submit a valid government-issued ID and provide verifiable proof of a stable income.

Key Loan Terms at a Glance
Loan Amount: ₱5,000 to ₱200,000
Loan Period: 91 to 180 days
Annual Interest Rate (APR): 25.63%
Transaction Fees: No charges apply
Service Fee: An additional 1% of the loan amount, ranging from ₱50 to ₱2,000

Breakdown of a Sample Loan Scenario
For a ₱50,000 loan taken over 120 days and repaid in 4 installments, the total repayment will amount to ₱54,213, which includes ₱4,213 in interest and a ₱500 service fee. Each installment is approximately ₱13,553, with ₱1,053 covering the interest portion per payment. After deducting the service fee, ₱49,500 will be credited to you.

Before You Apply
We strongly recommend reading the Disclosure Statement carefully to ensure you fully understand all terms, conditions, and financial obligations associated with the loan.



1. Contact Us
This Loan Agreement is activated upon the loan's disbursement to the Borrower, following the conditions mentioned in the Promissory Note, and is designed to last until the provisions herein are fulfilled, unless it is terminated in advance by the Lender or adapted by mutual consent of the Parties.

Should you need more information or support, please don't hesitate to reach us at:

Name of Corporation: DABAW ARMANDO LENDING CORPORATION
Email for Inquiry:
Customer Assistance: +63 9677301351
Main Office Address: 36 Sanctangko Street, Parlan Cebu City, Cebu, 6000 Philippines




2. Interest
The Borrower shall be liable to the Lender for interest on the Loan until the same is paid in full, which interest shall be calculated and paid in accordance with these General Terms and Conditions.

Interest on the Loan is accrued daily until the Maturity Date. The interest rate is determined individually, and indicated in the Promissory Note and Disclosure Statement.




3. Loan Applications
Funds granted by the Lender are to be employed by the Borrower strictly for purposes that are legal and valid. Exclusively, the use of these funds is restricted to the Borrower's individual requirements.




4. Loan Amount Confirmation
It is hereby agreed by the Lending Party to provide a loan to the Borrowing Party, and in turn, the Borrowing Party agrees to receive and make use of said loan from the Lending Party, with the sum total as determined in the Loan Decision, evidenced by the Promissory Note and noted in the Borrower's Personal Account.




5. Loan Term
The duration, referred to as the "Loan Term," encompasses the interval wherein the Borrower must fully settle the principal of the Loan, along with any associated interest, charges, and fees as specified in the Disclosure Statement. This period spans from ninety-one (91) to one hundred and eighty (180) calendar days, in accordance with the term ratified in the Loan Decision.




6. 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.



7. Conditions Precedent to the Release of the Proceeds of the Loan
The proceeds of the Loan shall be released only after the conditions set out below have been fulfilled to the Lender`s approval:
Bank account details of the borrower are filled in;
In the Borrower's Personal account are uploaded Borrower's Photo with identity document;
The Loan Decision is reported to, and confirmed and accepted by the Borrower through SMS confirmation and/or verbal confirmation via direct call.

Once the Loan Application submitted by the Borrower is accepted by the Lender, the Borrower shall not be entitled to cancel the Loan or to refuse to accept the Loan proceeds, except for cases when such a refusal entails the application of charges for cancellation, refusal or prepayment as may be stipulated by the Lender. The Borrower agrees that the Lender has the right to approve/reject the cancellation of the Loan as the Lender deems fit.

The Lender shall not be responsible for the release of any Loan proceeds to other/wrong bank account due to data entry errors by the Borrower.

The Lender shall also not be liable for any delays or problems in the release of any Loan proceeds to the third parties upon the written directions and instructions of the Borrower.




8. Declarations and Pledges
The Borrower hereby declares and assures the Lender that, on a perpetual basis:

The obligations articulated or implied by the Borrower under this Loan Agreement, and any connected documents, stand as lawful, legitimate, binding, and executable without contravention;

The initiation and execution of this Loan Agreement by the Borrower, inclusive of all envisaged dealings, will not result in a breach of (i) any applicable statutory or regulatory mandates pertinent to the Borrower, nor (ii) any contractual or legal obligations incumbent upon the Borrower;

There exists no ongoing or predictable event that would constitute a default as a consequence of availing the Loan under this agreement;

The Borrower has transparently revealed to the Lender all critical information, whether financial or otherwise, regarding themselves and any parties of interest, which holds substantial relevance to the Lender for the purposes of this Loan Agreement. This information is presented as truthful, exhaustive, and precise in all significant respects as of its disclosure and does not mislead in any aspect;

The Borrower has conscientiously reviewed, grasped, and consented to abide by the stipulations within the Loan Agreement, the Promissory Note, and supplementary documents. The Borrower is in agreement to be legally bound by these documents, along with any alterations thereto, which have been made available on the Lender's platform or have been otherwise communicated to the Borrower via suitable channels as deemed appropriate by the Lender;

The Borrower is cognizant of, and acknowledges, their duty towards ensuring the punctual, full, and correct payment of the loan as delineated within the Loan Agreement;

The Borrower recognizes the Lender's unassailable right to either sanction or decline the Loan Application based on legitimate reasons, with the understanding that the application and its supporting documents will be incorporated into the Lender's records and are not subject to return;

The Borrower perceives their Loan Application as solely a proposition, with the definitive approval contingent upon the Lender's evaluation and prevailing policy frameworks. The Borrower willingly accedes to the Lender's determinations and eschews any intentions of contestation or legal recourse against the Lender regarding such decisions;

Without any conditions, the Borrower affirms their genuine and legal obligation to repay the Lender the sanctioned loan amount, assuming its disbursement has been executed as outlined.

Additionally, throughout the duration of the Loan, the Borrower agrees to:

Allocate the loan proceeds strictly for their personal usage, encompassing but not limited to, educational expenses, healthcare emergencies, travel, household needs, or other similar personal expenditure;

Adhere entirely to all applicable regulations and laws in relation to fulfilling their duties under this Loan Agreement and any related documents;
Secure and perpetually uphold any necessary authorizations, consents, or approvals requisite for the performance of their obligations under this Loan Agreement, thereby affirming its legal standing, validity, enforceability, and evidentiary admissibility;

Promptly communicate to the Lender, in writing, about any looming or actual Event of Default as may be defined within the Loan Agreement, or any scenario that could be considered a default under any other binding agreement involving the Borrower, including any attempts to rectify such situations;

Proactively notify the Lender within three (3) days regarding any alterations to their personal information, such as name, birth date, or residential address;

Inform the Lender about any changes in their employment status, business operations, or professional engagements. If the Borrower is self-employed, they commit to regularly updating the Lender on their financial health as per the Lender's requisitions.




9. Event of Default
Any and all of the following shall constitute Events of Default:

Failure by Borrower to comply with or perform any of the terms and conditions of the Loan Agreement, Promissory Note, or any other agreements between Borrower and Lender;

Borrower fails to pay when due and payable any principal amounts, interests, costs which Borrower is obliged to pay the Lender under the Loan Agreement;

Any representation or warranty made by Borrower herein or otherwise in connection with the Loan shall prove to have been incorrect or misleading as of the time it was made or deemed to have been made, and without reference to whether or not Lender was in fact prejudiced by such untruthfulness and/or non-fulfillment;

Borrower voluntarily suspends or ceases his/her personal financial conditions or becomes insolvent or is unable to pay his/her debts when they become due or commits or permits any act of bankruptcy or insolvency;

Any final judgment or decree for a substantial sum of money, damages or for a fine or penalty is entered against Borrower by a court of competent jurisdiction and is not paid, discharged or fully bonded within ten (10) days after the date when payment of such judgment or decree is due under applicable laws;

Borrower dies or is convicted of a criminal offense with final judgment carrying with it a penalty of civil interdiction affecting Borrower, or in any of the cases covered by Article 1198 of the Civil Code of the Philippines;

There shall have occurred a material change in the financial circumstances or condition of Borrower reckoned from the approval of the Loan, which, in the reasonable opinion of Lender, would adversely affect the ability of Borrower to perform the obligations under the Loan Agreement.

Consequence of Default

Should an Event of Default occur:

Lender shall have the right, at its discretion, to consider the full amount of the Loan as immediately due and demandable, and require Borrower to make full and immediate payment thereof;

If the default is a result of a failure of the Borrower to timely pay the Loan, the Late Payment Penalties and Fees shall apply;

Lender shall have all the rights to the remedies provided in the Promissory Note and in law for purposes of enforcing its claims against the Borrower.

To the extent allowed under Philippine law, Borrower accepts to waive any notice or formality meant to enable the Lender to exercise its rights arising from the occurrence of an Event of Default. The failure or the delay to exercise any right, options, power or privilege hereunder shall not operate as a waiver of any right of the Lender to exercise the same hereunder, unless said waiver is given in writing by the Lender, and then only to the extent specifically set forth in said writing.




10. Disclosure of Information
The Borrower hereby expressly permits the Lender to transfer and disclose to (i) the government authorities; (ii) any party/person proposing or considering to tender any payment towards or purchase the indebtedness under the Loan; (iii) its auditors, lawyers or any other debt collection agents; (v) credit reporting agencies; (vi) insurance companies, agents, contractors or third party service providers who are involved in the provision of products and services to or by the Lender and the holding company, head office, other branches, subsidiaries, related companies of the Lender; or (vii) for provision of or cross selling of products and services, any information relating to the Borrower's affairs or account in respect of the Loan, this Loan Agreement and the Promissory Note, and at any time and to such extent as the Lender may at its absolute discretion deem expedient or necessary. The Borrower hereby agrees that the aforesaid information may be used, encrypted, transmitted and stored by the Lender and its holding company, head office, other branches, subsidiaries, related companies and/or may be exchanged to or with all such persons as the Lender considers necessary to the extent as permitted by Philippine laws. The aforesaid actions are without liability to the Borrower. The Borrower expressly consents to such actions and declares that no further consent from the Borrower is necessary or required in relation thereto.

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.
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.

The Borrower agrees that Lender, directly or through its Partners, may collect, retrieve, process, use and store his/her personal data such as name, age, photographs, fingerprints, other biometric data (e.g., facial recognition and voice recognition), mobile number/s, mobile phone usage data, employment details, income, financial data, financial profile, credit standing, loan payment history, and other information required in the application form for the purpose of reviewing and processing the Borrower's loan application. The Borrower consents to the collection of his/her personal data from the Borrower her/himself, or from other personal information controllers such as, but not limited to, telecommunications companies (e.g., Globe, PLDT, Smart, Sun Cellular), for credit scoring purposes. The Borrower's personal data such as mobile number, email address, and address, will be shared to a credit scoring service provider for credit investigation, credit scoring, data analytics, and data profiling, which includes the regular updating of the Borrower's credit score. The personal data secured may also be used for direct marketing of products and services of Partners of the Lender. Throughout the processing of the Borrower's personal data, his/her rights under the Data Privacy Act of 2012, such as the (1) right to be informed, (2) right to object, (3) right to access, (4) right to rectification, (5) right to erasure or blocking, and (6) right to damages, shall be upheld. Entities to whom Lender share Borrower's personal data will also respect the same rights.



11. Review
The Lender retains the authority to review the Loan's terms and conditions at its discretion and to enforce its paramount right to call for repayment or cancel the Loan at any moment.

Moreover, the Lender reserves the exclusive right to modify or update the Terms and Conditions outlined in this document at any given time, based on its independent judgement.