DELCOM SYSTEMS AND SOLUTIONS CORPORATION
Delcom Cash Loan Agreement
Preamble
This Loan Agreement (hereinafter referred to as the "Agreement") is a
legal document governing the loan services between you (hereinafter
referred to as the "Borrower" or "you") and the Delcom Cash platform.
This Agreement applies to the entire process of applying for,
obtaining, and repaying loans through the Delcom Cash mobile
application (hereinafter referred to as the "App"). Please read and
fully understand all terms of this Agreement carefully before
submitting a loan application. Once you submit a loan application,
accept a loan, or use any loan service of the App, it signifies that
you have fully read, understood, and agreed to be bound by all terms
of this Agreement. If you do not agree to any provision of this
Agreement, please immediately cease using the App.
Article 1 Loan Service Provider
Lending Entity: Streetcorner Finance Co. Inc
SEC Registration Number: CS201728431
Lending License Number: 1147
Registered Address: U-309 3/F ORTIGAS, BLDG., ORTIGAS AVE., CITY OF
PASIG, SECOND DISTRICT, NATIONAL CAPITAL REGION (NCR)
Delcom Cash is the official online lending platform of Streetcorner
Finance Co. Inc. The company is duly registered with the Securities
and Exchange Commission (SEC) as a lending entity under Philippine
law, and all business activities strictly comply with applicable laws,
regulations, and regulatory requirements of the Republic of the
Philippines.
Article 2 Basic Loan Product Terms
- Loan Amount: The loan amount per transaction ranges from a minimum
of ₱2,000 to a maximum of ₱50,000 Philippine Pesos.
- Loan Term: Minimum 91 days, maximum 180 days.
- Annual Percentage Rate (APR): The APR ranges from 8% to 20%. The
specific rate applicable to you will be determined by our credit
assessment system after a comprehensive evaluation of your repayment
ability and credit status, and will be clearly stated in your personal
loan contract.
Article 3 Illustrative Examples of Loan Costs
The following examples are intended solely to help you understand how
loan interest is calculated and do not constitute a commitment or
offer for an actual loan. Your actual loan amount, interest rate,
term, and repayment schedule shall be governed by the personal loan
contract you sign.
Example 1: Suppose you borrow ₱5,000 for a term of 91 days at
an APR of 15%. The total interest over the entire loan term is
approximately ₱187. The total amount due at maturity is
₱5,187.
Example 2: Suppose you borrow ₱15,000 for a term of 120 days at
an APR of 20%. The total interest over the entire loan term is
approximately ₱986. The total amount due at maturity is
₱15,986.
Article 4 Borrower Eligibility and Application Process
4.1 Borrower Eligibility
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;
- You are at least 20 years of age;
- You have a lawful and stable source of income and have the ability
to repay the loan principal and interest in full and on time;
- All identity information, contact details, financial information,
and supporting documents you provide are true, accurate, complete, and
up to date;
- You agree and authorize us to inquire into your credit records from
credit information agencies in accordance with the law, and such
authorization is used solely for the purposes of loan approval and
subsequent risk management.
4.2 Application Process
1. Download and install the Delcom Cash App from official app
stores.
2. Register using your own valid mobile number and set a login
password.
3. Complete your basic personal information, residential details,
employment information, and income status as guided within the
App.
4. Upload photos of your valid government-issued identification
documents (such as UMID, driver's license, passport, SSS, or PhilSys
ID).
5. Complete facial liveness recognition verification as prompted by
the system to ensure that you are the person performing the
operation.
6. After reading and confirming acceptance of this Agreement and the
Privacy Policy, submit your loan application.
4.3 Approval and Disbursement
We will conduct an automated review of your application through a
credit assessment model, possibly supplemented by manual verification.
Upon approval, the loan amount will be directly transferred to the
bank account or e-wallet (such as GCash, PayMaya, etc.) that you have
linked in the App. Generally, disbursement will be completed within 5
to 30 minutes after approval, although the actual time of receipt may
be affected by the processing speed of the bank or third-party payment
platform.
Article 5 Repayment Provisions
5.1 Repayment Methods
You may repay through any of the following methods:
- Direct repayment through the integrated payment channels within the
Delcom Cash App (supporting GCash, PayMaya, and certain bank online
payments);
- Bank transfer to our official receiving account;
- Over-the-counter cash repayment at our partner physical outlets
(such as 7-Eleven, Bayad Center, SM payment counters, etc.).
5.2 Repayment Date and Amount
Your specific repayment due date and the amount due for each
installment will be shown on the "My Loans" page of the App under the
contract details. You are obligated to ensure full payment before the
end of each repayment due date. We recommend that you enable the
repayment reminder function to avoid delinquency due to
oversight.
5.3 Early Repayment
You have the right to prepay the remaining loan principal in full at
any time, together with accrued interest up to the date of repayment.
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.
5.4 Late Payment Handling
If you fail to repay the full amount due on or before the due
date:
- We will charge overdue penalty interest as stipulated in the loan
contract.
- Your delinquency information may be reported to credit information
agencies, which may adversely affect your future loan applications and
credit scores.
- We may restrict your permission to continue using Delcom Cash
services.
- During the delinquency period, we or our authorized lawful
collection agencies may contact you via telephone, SMS, email, or
other means to remind you of your repayment obligations.
If you anticipate that you will be unable to repay on time due to
special circumstances, please contact us as early as possible through
the contact details provided in Article 9 of this Agreement. We will
do our best to negotiate a reasonable repayment solution with
you.
Article 6 Borrower's Representations and Warranties
You represent and warrant to Delcom Cash that:
- All information you provide (including but not limited to identity
information, contact details, bank account, income proof, etc.) is
true, accurate, complete, and free from any falsehood, forgery, or
omission.
- You will use the loan funds solely for lawful personal consumption
or daily household expenses, and will never use them in any form for
gambling, investment in high-risk financial products, repayment of
illegal debts, or any other activities that violate Philippine
law.
- You will properly safeguard your account login credentials,
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 level, you will promptly update
the relevant information within the App or notify our customer service
staff.
Article 7 Default Provisions
The occurrence of any of the following constitutes a default:
- You provide false, forged, or impersonated identity information or
supporting documents;
- You are overdue in repayment and the delinquency exceeds 15
days;
- You are declared bankrupt by a court, lose legal capacity, or pass
away;
- You breach any other material obligation stipulated in this
Agreement or the loan contract.
Upon the occurrence of a default event, we have the right to declare
your entire outstanding loan balance immediately due and payable, and
require you to settle all unpaid principal, accrued interest, and
lawful fees in full at once.
Article 8 Amendment and Termination of Agreement
Amendment of Agreement: We reserve the right to amend this Agreement
at any time as necessitated by changes in laws and regulations or
business adjustments. The revised Agreement will be published within
the App with a new effective date. If you continue to use the App or
accept new loans after the revision takes effect, you will be deemed
to have accepted all revised contents.
Termination of Agreement: 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.
Article 9 Contact Us
If you have any questions regarding this Agreement or need repayment
assistance, please contact us through:
Customer Service Email: support@delcomsystems.com