Loan Terms Overview

- Applicable Loan Amount: 1,000 PHP to 40,000 PHP
- Repayment Period: 91 to 360 days
- Annual Percentage Rate (APR): 20.08%
- Transaction Charges: Not applicable
- Service Fee Range: 10 PHP to 400 PHP (calculated at 1%)

Illustrative Loan Example

For a loan amount of 10,000 PHP with a repayment term of 90 days, divided into 3 installments, and subject to an annual rate of 20.08%:

- Interest per installment: 10,000 PHP × 20.08% ÷ 365 × 30 = 165 PHP
- Installment payment amount: 10,000 PHP × 20.08% ÷ 365 × 30 + 10,000 PHP ÷ 90 × 30 = 3,498 PHP
- Total interest over the loan term: 10,000 PHP × 20.08% ÷ 365 × 90 = 495 PHP
- Service fee charged: 10,000 PHP × 1% = 100 PHP
- Total amount payable: 10,000 PHP + 495 PHP = 10,495 PHP
- Net amount disbursed after fees:10,000 PHP − 100 PHP = 9,900 PHP

Before submitting your loan application, please make sure you have carefully reviewed and understood all terms and conditions set out in this Credit Agreement.

Eligibility Requirements

- Philippine citizenship
- A reliable source of income
- A valid government-issued identification document
- Between 18 and 60 years of age



Essential Terms and Definitions

- Loan Applicant: The individual who submits a request for a loan via Kedacom Cash.
- Confirmation of Approval: The formal notice confirming the approval of the loan, communicated via SMS or other channels.
- Loan Recipient: The individual whose loan application has been successfully approved.
- Principal Amount: The initial sum of money provided by the Lender to the Loan Recipient.
- Repayment Period: The designated timeframe in which the Loan Recipient is required to fully repay the loan.
- Accrued Interest: The additional charge applied to the principal amount as compensation for borrowing.
- Final Payment Date: The deadline by which the loan must be fully repaid.
- Payment Obligations: The Loan Recipient’s responsibility to settle the loan by the Final Payment Date, including all applicable interest and fees.


Purpose and Usage of Loan

The loan is intended strictly for personal, lawful purposes. The funds must not be utilized for business operations, the purchase of items for resale, or any other commercial activities.

Process of Application

The Lender reserves the right to gather relevant information from the Applicant, potentially including data from social media or other sources, to assess the loan request. The approval of the loan is solely at the discretion of the Lender. Upon approval, the loan amount is disbursed to the Loan Recipient through available financial service providers.

Loan Approval and Disbursement

The Lender may approve the entire amount requested or a reduced sum based on the Applicant's credit evaluation and profile. The approved amount and specific terms are outlined in the Confirmation of Approval notice provided to the Loan Recipient.

Applicable Fees and Charges

- Administrative Fee: This fee is specified in the Loan Application and is applied upon the disbursement of the loan.
- Penalty for Late Payment: This fee is imposed if the Loan Recipient fails to make the required payment by the Final Payment Date.
- Extension Fee: Charged if the Loan Recipient requests and is granted an extension of the Repayment Period.

Obligations and Commitments

The Loan Recipient is obligated to provide accurate and up-to-date information throughout the loan term. The Loan Recipient must notify the Lender promptly of any significant changes in employment status, residential address, or financial condition. Failure to meet these obligations can result in a default of the loan agreement.

Interest and Payment Obligations

Interest accrues according to the terms of the loan and must be paid along with the principal by the Final Payment Date. The Loan Recipient may choose to repay the loan early; however, early repayment of installment loans may incur additional fees.

Repayment Schedule

The Repayment Period is set by the Lender and communicated in the Confirmation of Approval. The Loan Recipient may request an extension of the Repayment Period, subject to the Lender’s approval and payment of the Extension Fee. Extensions are not applicable to installment-based loans.

Third-Party Services and Products

Should the Loan Recipient utilize any third-party products or services in connection with the loan, the responsibility for understanding and adhering to the third-party’s terms lies with the Loan Recipient. The Lender disclaims any liability for third-party services and is not responsible for any issues arising from their use.

Events Leading to Default

Default may occur under the following circumstances: failure to meet payment obligations, provision of false or misleading information, or substantial adverse changes in the Loan Recipient’s financial situation. In the event of default, the Lender may demand immediate repayment of the outstanding loan balance and pursue legal actions.

Privacy and Information Sharing

The Lender is committed to maintaining the confidentiality of the Loan Recipient’s personal information. However, the Loan Recipient agrees that the Lender may share relevant information with government authorities, credit bureaus, and third parties as necessary for the processing and servicing of the loan or as required by law.

Notification and Contact Methods

All notices related to this loan agreement will be communicated to the Loan Recipient through SMS, email, or other methods as specified by the Lender. It is the responsibility of the Loan Recipient to ensure that their contact information is current and accurate.

Customer Service and Support

If you have any questions, requests or complaints about Kedacom Cash, please contact us through the following channels:

- Business Name: KEDACOM SOLUTIONS INC.
- Email Address: contactus@kedacomtech.com
- Support Hotline: 9057946258
- Location: 450 Padilla De Los Reyes Building Juan Luna Street, Binondo Manila, Metro Manila, 1006 Philippines

Governing Law and Legal Disputes

This loan agreement is governed by the laws of the Philippines. Any legal disputes arising from this agreement will be resolved in the courts of the Philippines.