ItBuilders Cash
Preamble
Welcome to Itbuilders Cash! This Loan Agreement
(hereinafter
referred to as the "Agreement") is a legally binding agreement between you (hereinafter referred to
as
the "Borrower" or "you") and the Itbuilders Cash platform regarding loan services. This Agreement
applies to the entire process through which you apply for and use loans through the Itbuilders Cash
mobile application (hereinafter referred to as the "App"). Please read and fully understand each
term of
this Agreement carefully before submitting a loan application. Once you submit a loan application or
accept a loan, it signifies that you have fully read, understood, and agreed to be bound by all
terms of
this Agreement.
Lending Entity: Scoreone Financing Corp
SEC Registration Number: CS201919995
Lending License Number: 1257
Registered Address: 12TH FLOOR, ASEANA THREE BLDG.,
MACAPAGAL BLVD. COR ASEANA AVE., Tambo, CITY OF PARAÑAQUE, FOURTH DISTRICT, NATIONAL CAPITAL
REGION
(NCR), 1701
Itbuilders Cash is the official online lending platform
of
Scoreone Financing Corp. The company is duly registered with the Philippine Securities and Exchange
Commission (SEC) and holds a valid lending license. All business activities strictly comply with
relevant laws and regulations of the Republic of the Philippines.
We are committed to providing transparent and fair loan
services to help you address short-term funding needs.
- Loan Amount: The loan amount per transaction ranges
from
₱2,000 to ₱50,000 Philippine Pesos.
- Loan Term: Minimum 91 days, maximum 180
days.
- Annual Percentage Rate (APR): The APR ranges from 8%
to
20%. The final applicable rate will be determined based on your credit assessment results and will
be
clearly stated in the loan contract.
The following examples are intended to help you
understand
how loan costs are calculated and are for reference only. Your actual interest rate, fees, and
repayment
arrangements are subject to your personal loan contract.
Example 1: You borrow ₱5,000 for a term of 91 days
at
an annual interest rate of 15%. The total interest over the entire loan term is approximately
₱187. The total amount due at maturity is ₱5,187.
Example 2: You borrow ₱15,000 for a term of 120
days
at an annual interest rate of 20%. The total interest over the entire loan term is approximately
₱986. The total amount due at maturity is ₱15,986.
You confirm and warrant that at the time of submitting a
loan application:
- You are a citizen or legal permanent resident of the
Republic of the Philippines;
- Your age is between 18 and 65 years old (as of the
application date);
- You have a lawful and stable source of income and have
the
ability to repay on time;
- All personal information, contact details, and
financial
information you provide are true, accurate, and complete, without any falsehood or
omission;
- You agree to authorize us to inquire into your credit
information in accordance with the law, and such authorization is used solely for the approval of
this
loan.
1. Download the Itbuilders Cash App from official app
stores.
2. Register an account using your own mobile
number.
3. Fill in your personal information, contact details,
and
financial information as prompted within the App.
4. Upload photos of valid identification documents and
complete facial liveness verification.
5. After reading and agreeing to this Agreement and the
Privacy Policy, submit your loan application.
We will review your application through an automated
credit
assessment system combined with manual review. Upon approval, the loan funds will be directly
transferred to your designated bank account or e-wallet. Under normal circumstances, disbursement
occurs
within 5 to 30 minutes after approval (specific timing may be affected by the bank or third-party
payment channel).
You may repay through the following
channels:
- Direct repayment through the integrated payment
function
within the Itbuilders Cash App (supporting GCash, PayMaya, and other e-wallets);
- Bank transfer to our designated official receiving
account;
- Over-the-counter repayment at our partner physical
outlets
(e.g., 7-Eleven, Bayad Center, SM payment counters, etc.).
Your due date and amount for each installment are shown
on
the "My Loans" page within the App. You are responsible for ensuring full payment before the end of
the
repayment due date.
You have the right to prepay the remaining loan in full
at
any time. Early repayment is not subject to any penalty or additional fee. In case of early
repayment,
interest will only be calculated up to the actual repayment date.
If you fail to pay the full amount due on the agreed
repayment date:
- The system will automatically charge overdue penalty
interest as stipulated in the loan contract, at a rate not exceeding the maximum limit allowed by
Philippine law.
- Your delinquency record may adversely affect your
future
loan applications.
- We may suspend your permission to continue using
Itbuilders Cash services.
If you anticipate that you will be unable to repay on
time,
please contact us through our customer service email as early as possible. We will do our best to
work
with you to arrange a reasonable repayment plan.
- All information you provide (including but not limited
to
identity information, contact details, and financial information) is true, accurate, complete, and
up to
date.
- You will use the loan funds solely for lawful personal
consumption or household expenses, and will never use the loan for gambling, investment in high-risk
financial products, repayment of illegal debts, or any other unlawful purposes.
- You will properly safeguard your account login
information, password, and SMS verification codes, and will not disclose them to any third party.
You
bear full responsibility for all operations conducted under your account.
- If there are material changes to your contact details,
bank account, employment status, or income situation, you will promptly update the relevant
information
within the App or notify our customer service staff.
- You provide false, forged, or impersonated
identification
documents or information;
- You fail to repay the full amount due on the agreed
repayment date and the delinquency exceeds 15 days;
- You are declared bankrupt by a court or found to have
lost
legal capacity;
- You breach any other material term of this Agreement
or
the loan contract.
Upon the occurrence of a default, we have the right to
declare your entire loan immediately due and payable, and require you to settle all outstanding
principal, accrued interest, and legitimate fees in full at once.
We may amend this Agreement from time to time as
necessitated by changes in laws and regulations or business adjustments. The revised version will be
published within the App. If you continue to use Itbuilders Cash services after the revision takes
effect, you will be deemed to have accepted the revised terms.
After settling all loans under your name, you may apply
to
delete your account and terminate this Agreement through the "Account Settings" within the App.
After
account deletion, your personal information will be processed in accordance with our Privacy
Policy.
If you have any questions regarding this Agreement or
encounter difficulties during repayment, please contact us through:
Customer Service Email:
[email protected]