This Agreement governs the entire process by which you ("Borrower") apply for and obtain loan services through the Sdev Cash mobile application ("App"). Please read and understand all terms of this Agreement carefully before applying. Once you submit a loan application or accept a loan, you acknowledge that you have fully read, understood, agreed to, and promise to comply with all provisions of this Agreement. The final right of interpretation of this Agreement belongs to Sdev Cash.
Lending Entity: DF CREDIT LENDING Corporation
SEC Registration Number: CS202002430
Lending License Number: 3244
Registered Address: 5th Floor Rockwell Business Center Tower 1, Meralco Avenue, SECOND DISTRICT, NATIONAL CAPITAL REGION (NCR), 1604
We are committed to providing transparent pricing and flexible repayment consumer loans to meet your personal financial needs.
Loan Amount: ₱2,000 to ₱50,000
Loan Term: 91 days to 180 days
Annual Percentage Rate (APR): 8% – 20%
If you apply for a loan of ₱10,000 with a term of 120 days and an APR of 12%, the total interest for the entire term would be approximately ₱395. The total amount payable would be ₱10,395, which is approximately ₱3,465 per installment.
Note: This example is for illustrative purposes only. Your actual interest rate, fees, and repayment schedule will be clearly shown in the final loan contract after approval, and the contract shall prevail.
You confirm and warrant that at the time of application:
You are a citizen or legal resident of the Republic of the Philippines;
You are at least 20 years old and have full legal capacity;
You have a stable and legal source of income and the ability to repay;
All personal information, contact details, and financial information you provide are true, accurate, and complete;
You agree to authorize us to check your credit information for loan approval purposes.
You are obligated to provide all information required for the loan application, including but not limited to proof of identity, proof of income, contact information, and bank account details.
You authorize us and our partners to verify and validate the information you provide for the purposes of loan approval, risk management, and subsequent services, and to query your credit report from credit information agencies in accordance with the law.
Providing false information will result in immediate rejection of your application. If a loan has already been disbursed, we have the right to declare the entire loan immediately due and payable, requiring you to repay all outstanding amounts in full.
We will provide various convenient repayment channels. The specific methods will be stated in your loan contract and may be accessible through in-app features.
You must strictly follow the repayment dates and amounts specified in the loan contract. We recommend that you set reminders to avoid late payments.
A repayment is considered successful only when funds have been received into our designated account. You are solely responsible for any late payment caused by delays in your chosen payment channel or bank processing.
You have the right to prepay all or part of the outstanding principal. To make an early repayment, please use the designated in-app function or contact customer support.
Early repayment may reduce your total interest expense. The specific calculation method shall be as agreed in the loan contract.
If you fail to pay the full amount due on or before the due date, you will be in default, which may result in the following consequences:
Late Fees: We will charge late payment penalties or liquidated damages as specified in the loan contract.
Credit Reporting: Your credit record will be adversely affected, which may seriously impact your future credit applications.
Collection Measures: We and our authorized third-party collection agencies will remind you to repay through lawful means such as phone calls, text messages, emails, or home visits. You shall bear the reasonable collection costs incurred
If your application is approved, the loan amount will be disbursed as soon as possible to the valid bank account you designated in the App. The actual time of receipt depends on bank processing speed.
You promise that the loan proceeds will be used only for legitimate personal or household consumption expenses. You shall not use the loan for any of the following purposes:
Any illegal activity;
Investing in high-risk areas such as stocks or cryptocurrencies;
Repaying illegal debts or participating in gambling.
In addition to late repayment, the following circumstances also constitute a material default:
You provide materially false information;
Your death, declaration of bankruptcy, or loss of repayment ability;
You breach any other commitment in this Agreement or the loan contract.
Upon the occurrence of a default, we have the right to declare the entire loan immediately due and payable, requiring you to repay all outstanding principal, interest, fees, and penalties in full.
Any dispute arising from this Agreement shall first be resolved through good-faith negotiation between the parties.
We commit to clearly and conspicuously disclosing all loan costs (including but not limited to APR, total interest, fees, and total repayment amount) before you sign the loan contract.
We take the security of your personal information very seriously. Our Privacy Policy (which is incorporated by reference into this Agreement) details how we collect, use, store, share, and protect your personal information. Please read it carefully before applying. Your use of our services constitutes your acceptance of the Privacy Policy.
We reserve the right to update the terms of this general agreement based on business developments, changes in laws and regulations, or regulatory requirements. The amended terms will be posted in the App. If you continue to use our services after the amendments, you will be deemed to have accepted the updated terms.
If you have any questions, need repayment assistance, or wish to report a problem, please contact us through the following official channel:
Email: support@sdevtechnologies.com
Please be cautious of any communications from non-official channels and protect your account and personal information security.
By using Sdev Cash, you confirm that you have read, understood, and agree to this Loan Agreement.