Qualifying Borrowers:
Our service is available exclusively to citizens of the Philippines. To qualify, applicants must be between 18 and 60 years of age, have a valid government-issued identification document, and provide proof of a consistent and stable income.

Loan Program Overview:
Loan Duration: 91 to 180 days
Loan Amount Range: PHP 1,000 up to PHP 40,000
No Additional Transaction Fees
Annual Percentage Rate (APR): 27.62%
Service Fee: Varies from PHP 20 to PHP 800, which equates to 2% of the loan amount

Sample Repayment Plan:
Let's take an example of a PHP 40,000 loan taken for a period of 180 days, with repayment scheduled in three equal installments at an APR of 27.62%:

1) Interest per Installment:
PHP 40,000 × 27.62% ÷ 365 × 60 = PHP 1,816

2) Installment Value:
(PHP 40,000 × 27.62% ÷ 365 × 60) + (PHP 40,000 ÷ 180 × 60) = PHP 15,149

3) Service Charge Applicable:
PHP 40,000 × 2% = PHP 800

4) Total Payable Amount:
Total of principal, interest, and service fee: PHP 40,000 + PHP 5,448 + PHP 800 = PHP 46,248

5) Total Interest Over the Loan Term:
PHP 40,000 × 27.62% ÷ 365 × 180 = PHP 5,448

Important Reminder:
Before finalizing your agreement, we advise you to carefully go through all the terms and conditions detailed in the Loan Agreement to ensure full understanding of your obligations.

1. Representations and Warranties
By entering into this agreement, you represent and warrant that you have the legal capacity to perform the obligations herein. You confirm that all provided information is accurate and truthful, and you acknowledge that the Monneyla Loan may rely on these representations when granting the loan.

2. Data Privacy and Communication
By using the Monneyla Loan, you consent to the collection, use, and sharing of your personal data as described in the Monneyla Loan's Privacy Policy. This includes data use for credit checks, marketing, and communication purposes.

3. Application and Eligibility
To apply for a loan through the Monneyla Loan, you must provide accurate information and necessary documentation. The lender reserves the right to approve, cancel, or reject applications at its discretion based on credit guidelines, without disclosing reasons. Eligibility is determined solely by the lender's evaluation process.

4. Borrower Responsibilities
You must promptly inform the lender of any changes to your personal information, such as address or employment status. You agree to use the loan for the declared purpose and not for unlawful activities. The lender may request additional documentation as needed, and you must comply in a timely manner.

5. Interest and Fees
The interest rate and fees will be communicated before disbursement. Payments must be made in full by the due date. The lender reserves the right to deem you in default if payments are missed, and may take actions to recover the outstanding amount.

6. Payment Obligations
Timely payment of monthly installments is required, including principal, interest, and fees. Failure to pay on time will result in late fees and possible legal action. Delinquent accounts may be reported to credit bureaus, which could impact your credit score.

7. Governing Law
This Agreement shall be governed by the laws of the Philippines. Any disputes shall be settled in courts of competent jurisdiction. Borrower consents to the jurisdiction of such courts.

8. Severability
If any provision of this agreement is found invalid, the remaining provisions remain in effect. This ensures the agreement's enforceability despite any invalidated sections.

9. Default and Remedies
You will be considered in default if you fail to make payments, provide false information, or breach any terms. In default, the Monneyla Loan may demand immediate repayment of all outstanding amounts and take legal action, including asset seizure or wage garnishment.

10. Amendments and Changes
The lender has the right to modify the terms of this agreement. Continued use of the loan after the changes constitutes acceptance. The borrower should review any updates and contact the lender to inquire.

For any questions, concerns, or further assistance related to this loan agreement or the Monneyla Loan, please do not hesitate to reach out to us:

Name of the Company: MONNEY-LA LENDING CORP.
Email:
Phone: 9565162301
Address: 25 Makaturing Street Barangay Itaas Mandaluyong, Metro Manila, 1550 Philippines