Effective Date: April 29, 2025
1. Introduction
These Terms and Conditions (“Terms”) outline the rules and regulations for the use of AMELoan Services’ loan products and digital platforms (website, mobile app, or in-person services). By accessing or using any part of our service, you accept these Terms in full.
If you do not agree with any part of these Terms, you must refrain from using the Service.
2. Definitions
“AMELoan”: Refers to AMELoan Services, including its affiliates, representatives, employees, and partner institutions.
“Borrower”: Any person or entity who applies for and/or receives a loan from AMELoan.
“Platform”: Refers to the AMELoan website, mobile application, or any software used to facilitate the loan process.
3. Eligibility Criteria
To apply for a loan with AMELoan, you must:
Be a Filipino citizen or legally residing foreigner in the Philippines.
Be 18 years old or above, with legal capacity to contract.
Provide valid government-issued ID (e.g., UMID, Driver’s License, Passport).
Present proof of income or a verifiable means of repayment (e.g., payslips, business permits, remittance receipts).
Have an active mobile number and an email address for communication purposes.
We reserve the right to refuse any application that fails to meet these requirements or presents incomplete or inconsistent information.
4. Application and Approval
Loan applications must be submitted using the official AMELoan channels.
Borrowers are responsible for providing accurate and complete information.
AMELoan may conduct background checks, credit history verification, and employment confirmation.
Submission of fraudulent documents or false declarations may result in permanent blacklisting and criminal charges.
5. Loan Terms
Interest rates, processing fees, and repayment schedules will be clearly stated in the borrower’s loan disclosure statement.
Loans are subject to approval based on internal credit scoring models and risk assessment algorithms.
AMELoan reserves the right to amend interest rates or limits in compliance with Bangko Sentral ng Pilipinas (BSP) guidelines.
6. Repayment and Penalties
Repayment options include weekly, bi-weekly, or monthly installments.
Borrowers are encouraged to pay before the due date to avoid interest accumulation.
Failure to pay on time may result in:
Late payment charges
Daily interest penalties
Reporting to credit bureaus
Assignment to a third-party collection agency
Defaulting for more than 90 days may result in legal action under small claims court.
7. Borrower Responsibilities
You agree to:
Use the loan for its declared purpose (e.g., education, business capital).
Update your contact information promptly if it changes.
Cooperate with AMELoan if asked for clarification, documentation, or financial updates.
Avoid misuse, such as using the loan for illegal activities, gambling, or personal enrichment inconsistent with your application.
8. Account Suspension and Termination
AMELoan may suspend or terminate your account if:
You violate any term or condition stated herein.
Fraudulent activity is suspected.
You misuse the platform or engage in abusive behavior towards staff.
Regulatory compliance requires such action.
9. Amendments
AMELoan may revise these Terms at any time, with changes becoming effective:
Immediately, for minor or operational updates
With notice, for material changes impacting your rights or obligations
Users will be notified via email, SMS, or platform notification.
10. Governing Law and Jurisdiction
These Terms are governed by the laws of the Republic of the Philippines. Any legal disputes arising shall be subject to the jurisdiction of the courts of the Philippines, unless otherwise stated in a loan agreement.
We are committed to empowering local entrepreneurs and businesses by offering accessible and innovative loan solutions. Our goal is to foster economic growth, support ambitious individuals, and transform our town into a thriving business hub.
Copyright © 2025 AMELoan Services by Violinksys. All Rights Reserved.
