Deept Lend Loan Agreement

This Loan Agreement ("Agreement") is made and entered into between DEEPTOOR LENDING AND TRADING CORPORATION ("Lender") and the individual applicant ("Borrower") using the Deept Lend mobile application. By applying for a loan through this application, the Borrower acknowledges and agrees to the terms and conditions set forth below.

Deept Lend is powered by Lf Lending Services Corporation. The Deept Lend App offers loan services that are duly authorized by Lf Lending Services Corporation, a lending institution that has obtained approval from the Securities and Exchange Commission of the Philippines. This institution operates within the regulatory framework and oversight of the Securities and Exchange Commission, possessing SEC Registration Number CS202001294 and Authorization Certificate Number 3225. Lf Lending Services Corporation serves as the lender for these services provided by the Deept Lend App.

Lender: Lf Lending Services Corporation
SEC Registration No: CS202001294
Certificate of Authorization No: 3225

1. Loan Terms and Repayment

The Borrower may apply for a loan with the following parameters:

Loan Amount: Minimum ₱5,000, Maximum ₱100,000
Loan Term: Minimum 91 days, Maximum 365 days
Annual Interest Rate (APR): Between 10% and 28%, depending on risk assessment and selected loan product

The exact repayment date will be determined by adding the selected term (e.g., 180 days) to the disbursement date. The Borrower is required to repay the loan in full, including applicable interest, on or before the due date. Early repayment is allowed and encouraged; no penalties will be charged for prepayment.

All loan fees, interest, and repayment dates will be clearly displayed in-app prior to loan confirmation. By proceeding, the Borrower agrees to these terms and accepts responsibility for timely repayment.

Example:
Loan Amount: ₱10,000
Term: 180 days
APR: 24% per annum
Interest = ₱10,000 × 24% × (180 ÷ 365) = ₱1,183.56
Total Repayment = ₱11,183.56
Due Date = 180 days from disbursement

2. Disbursement

Upon approval, the loan amount will be transferred to the Borrower’s registered bank account, e-wallet, or other approved disbursement method. Transfer is typically completed within 1–2 business days after successful approval and confirmation.

The Borrower must ensure that the receiving account information is accurate. The Lender is not liable for losses due to incorrect account details provided by the Borrower.

3. Fees, Charges, and Penalties

There are no hidden fees. Any applicable processing fee, service fee, or government tax will be clearly stated before loan confirmation. Failure to repay the loan by the due date may result in the following:

Late payment penalties
Increased interest on overdue amounts
Reporting of delinquency to credit bureaus
Collection efforts as permitted by Philippine law

4. Borrower Obligations

By entering this Agreement, the Borrower agrees to:

Provide accurate and complete personal, employment, and financial information
Use the loan solely for legitimate, personal financial needs
Repay the loan on or before the due date
Immediately notify the Lender of any changes in contact information or ability to repay

The Borrower understands that failure to meet these obligations may result in legal consequences.

5. Privacy and Data Use

The Borrower’s information is collected and used in accordance with the Deept Lend Privacy Policy. Information may be shared with credit bureaus, payment processors, and regulatory agencies as required. By accepting this Agreement, the Borrower consents to such data use.

6. Governing Law and Dispute Resolution

This Agreement shall be governed by the laws of the Republic of the Philippines. Any dispute arising out of or in connection with this Agreement shall be resolved in accordance with applicable legal procedures. The venue of jurisdiction shall be where the Lender is legally registered unless otherwise specified.

7. Contact and Support

If the Borrower has any questions, complaints, or requires assistance, they may contact:

Address: 11 Don Antonio Buenavista Subd.Bagong Silang Balanga, Bataan, 2100 Philippines
Email: [email protected]