Key Loan Information

Repayment Period: 91 to 180 days
Loan Amounts Available: ₱2,500 up to ₱100,000
Annual Percentage Rate: 20.73%
Service Fee: 2% of the loan amount (₱50 to ₱2,000)
No transaction fees apply

Breakdown of Loan Costs

Consider borrowing ₱25,000 for 91 days repaid in three installments:
Interest per installment: ₱426 (₱25,000 x 20.73% ÷ 365 x 30)
Payment amount each time: ₱8,759 (principal plus interest)
Total interest over the term: ₱1,278
Service fee charged: ₱500 (2% of loan)
Total amount to repay: ₱26,278
Loan amount sent to your account: ₱24,500 after fees

Before You Proceed

We strongly recommend reviewing the Disclosure Statement carefully prior to applying to fully understand the terms.

Eligibility Criteria

EGC Loan is exclusively for Filipino citizens. To qualify you must:
Be aged 18 to 60
Present a valid government-issued ID
Provide proof of steady income




1. Terms of Loan Repayment
The "Terms of Loan" is defined as the duration during which the Borrower is obligated to repay the principal sum of the Loan, inclusive of all accruing interest, charges, and fees as detailed in the Disclosure Statement. This term may extend from a minimum of ninety-one (91) days to a maximum of one hundred and eighty (180) days, contingent upon the tenure sanctioned within the Loan Decision.




2. Loan Applications
Funds granted by the Lender are to be employed by the Borrower strictly for purposes that are legal and valid. Exclusively, the use of these funds is restricted to the Borrower’s individual requirements.




3. Determination of Loan Amount
The Lender agrees to lend to the Borrower, and the Borrower agrees to borrow from the Lender, the full amount of the Loan, as specified in the Loan Decision and reflected in the Borrower’s Personal Account.




4. Interest on the Loan
The Borrower is obligated to the Lender for the payment of interest on the Loan until the total amount is discharged, with the interest being computed and remitted in adherence to the regulations specified within these General Terms and Conditions.

Interest on the Loan accrues on a daily basis until the Maturity Date. The interest rate is determined on a case-by-case basis and disclosed in Disclosure Statement.




5. Late Payment Penalties and Charges
Upon the occurrence of any delinquent payment subsequent to the Maturity Date of the financial sum made available under the framework of this Loan, the Borrower shall be obligated to remunerate the Lender not solely with the overdue amount but also with a default penalty. This penalty is stipulated to be in the sum of PhP1,000 for clients engaging with the service for the first instance, and PhP800 for clients who are engaging with the service for subsequent instances. This is to be paid a singular time. In addition to the aforementioned penalties, an interest rate shall be levied on the unpaid amount at a daily rate of 5% commencing from the first day following the delay until the completion of the thirtieth day post-delay. Thereafter, the interest rate shall be adjusted to 4% of the overdue amount, applied daily from the thirty-first day of delay through to the ninetieth day of delay. Subsequent to this period, a reduced interest rate of 2% shall be imposed on the overdue amount, applied daily from the ninety-first day of delay until the complete liquidation of the Loan amount.



6. Conditions Precedent to the Release of the Proceeds of the Loan
The proceeds of the Loan shall be released only after the conditions set out below have been fulfilled to the Lender`s approval:
Bank account details of the borrower are filled in;
In the Borrower's Personal account are uploaded Borrower's Photo with identity document;
The Loan Decision is reported to, and confirmed and accepted by the Borrower through SMS confirmation and/or verbal confirmation via direct call.

Once the Loan Application submitted by the Borrower is accepted by the Lender, the Borrower shall not be entitled to cancel the Loan or to refuse to accept the Loan proceeds, except for cases when such a refusal entails the application of charges for cancellation, refusal or prepayment as may be stipulated by the Lender. The Borrower agrees that the Lender has the right to approve/reject the cancellation of the Loan as the Lender deems fit.

The Lender shall not be responsible for the release of any Loan proceeds to other/wrong bank account due to data entry errors by the Borrower.

The Lender shall also not be liable for any delays or problems in the release of any Loan proceeds to the third parties upon the written directions and instructions of the Borrower.




7. Statements and Commitments
The Borrower makes the following representations and warranties to the Lender, which shall remain in force on a continuous basis:

he commitments made by the Borrower within this Loan Agreement, including all associated documents, are deemed to be legal, valid, enforceable, and in binding agreement upon the Borrower;

The execution and performance of this Loan Agreement by the Borrower, along with all transactions envisaged within, do not and will not lead to any conflict with any laws, regulations binding the Borrower, or any agreements or contracts to which the Borrower is a party;

No ongoing or foreseeable event of default is associated with the provision of this Loan;

The Borrower has provided the Lender with all pertinent information, financial or otherwise, concerning the Borrower and all related parties that is necessary for the Lender to be fully informed under the terms of this Loan Agreement. All such information is truthful, complete, and accurate to the best of the Borrower's knowledge and has not been presented in a misleading manner;

The Borrower has reviewed, comprehends, and agrees to the terms and conditions outlined in the Loan Agreement, and all relevant documents. The Borrower commits to adhere to these documents and any of their amendments, which are made available on the Lender's official website () or communicated by the Lender through chosen communication methods;

The Borrower acknowledges their responsibility for the full, timely, and accurate repayment of the loan as detailed in the Loan Agreement;

The Borrower understands that the Lender retains the right to either accept or deny the Loan Application based on valid grounds. All application documents and supplementary paperwork submitted will be incorporated into the Lender's records and will not be returned to the Borrower.

The Borrower views their Loan Application as merely a proposal, with the final decision resting on the Lender's evaluation and approval processes, in line with the Lender's prevailing policies. The Borrower consents to respect the Lender's decisions and will not pursue any form of complaint or legal action against the Lender on these grounds;

The Borrower unequivocally accepts that they are rightfully indebted to the Lender for the amount of the loan disbursed according to the terms stipulated.

Additionally, throughout the tenure of the Loan, the Borrower undertakes to:

Use the loan solely for personal requirements, including but not limited to educational expenses, medical emergencies, travel, home maintenance, or other personal consumption purposes;

Comply with all applicable legal requirements in relation to the execution of their obligations under this Loan Agreement and associated documents;

Secure and maintain any necessary authorizations, consents, or approvals required to fulfil their obligations under this Loan Agreement and to ensure its enforceability and legal validity;

Promptly inform the Lender in writing of any event that may constitute a default under this Loan Agreement or any other agreement the Borrower is party to, as well as any actions being taken to address such issues;

Notify the Lender within three (3) days of any changes to their personal details such as name, date of birth, or residential address;

Inform the Lender about any changes to their employment, business, or professional activities. If self-employed, the Borrower commits to regularly update the Lender about their financial status as per the Lender's request.




8. Information Disclosure
The Borrower explicitly authorizes the Lender to divulge details about the Borrower's transactions or accounts concerning the Loan, alongside information in this Loan Agreement and the Promissory Note, to (i) state authorities; (ii) prospective or actual buyers of the debt; (iii) entities such as auditors, legal advisors, or agencies engaged in collection; (iv) credit bureaus; (v) insurers, agents, or any third-party providers linked to the Lender's services or products, including its parent, branches, subsidiaries, and affiliated firms; or (vi) for marketing or offering various services or products. This disclosure is subject to the Lender's absolute discretion, in line with Philippine laws, without any liability to the Borrower. The Borrower acknowledges and agrees to these practices, waiving any need for further consent.

Following the stipulations of Republic Act No. 9510 and its Implementing Rules and Regulations, which created the Credit Information Corporation (CIC), the Lender must report the Borrower's credit data to the CIC and any updates or corrections thereto. This data will be used by the CIC and other authorized credit reporting bodies to evaluate the Borrower's credit standing.

In the event of the Borrower's inability to meet the loan repayment requirements as specified, beyond the pursuit of debt collection actions as outlined or under Philippine law, the Lender may report such delinquencies to third parties, including collection agencies, for debt retrieval purposes.

The Borrower agrees to allow the Lender, along with its associates, to gather, access, process, and retain personal details as provided in the loan application for the purpose of loan evaluation and approval. This includes collecting information from the Borrower and other sources for credit scoring and sharing with entities for credit analysis, profiling, and updating credit scores. The Borrower's information may also be utilized for promotional purposes by the Lender's partners. The Borrower's rights under the Data Privacy Act of 2012 will be fully upheld by the Lender and its third-party associates handling personal data.



9. Incidents of Default
The following circumstances shall be recognized as Incidents of Default:

The Borrower's failure to abide by or execute any stipulations of the Loan Agreement, the Promissory Note, or any ancillary agreements with the Lender;

The Borrower's inability to settle any due principal sums, interests, or costs that are required to be paid to the Lender under the terms of the Loan Agreement;

Any declaration or assurance provided by the Borrower, in relation to the Loan, is discovered to have been inaccurate or misleading at the time it was given, irrespective of the Lender's actual detriment due to such inaccuracies or omissions;

The Borrower's decision to halt or terminate his/her financial activities, declaration of insolvency, incapability to discharge debts as they mature, or engagement in any act of bankruptcy or insolvency;

A final judgment or order for a significant monetary amount, damages, or penalties is imposed on the Borrower by a competent court and remains unsettled, discharged, or fully bonded within ten (10) days following its due date as per the applicable laws;

The Borrower's demise or conviction in a criminal case with a final judgment that entails a penalty of civil interdiction, or falls within the scenarios described in Article 1198 of the Civil Code of the Philippines;

Any significant alteration in the Borrower's financial situation or condition since the loan's approval that, in the Lender's reasonable judgment, negatively impacts the Borrower's capacity to fulfill the Loan Agreement obligations.

Default Consequences

Upon the occurrence of an Incident of Default:

The Lender is entitled to deem the entire Loan amount as immediately payable, demanding the Borrower for swift and complete settlement;

Should the default result from the Borrower's delay in loan repayment, the Late Payment Penalties and Fees outlined in Article 7 shall be enforced;

The Lender reserves all rights to remedies available in the Promissory Note and under the law to secure its claims against the Borrower.

The Borrower consents to forgo any notices or formalities required for the Lender to enforce its rights post-Default. Any non-exercise or delay in exercising such rights, options, or privileges shall not constitute a waiver thereof, except as expressly stated in a written waiver by the Lender.




10. Review
The Lender retains the authority to review the Loan's terms and conditions at its discretion and to enforce its paramount right to call for repayment or cancel the Loan at any moment.

Moreover, the Lender reserves the exclusive right to modify or update the Terms and Conditions outlined in this document at any given time, based on its independent judgement.




11. Contact with Us
The effectiveness of this Loan Agreement begins when the loan amount is disbursed to the Borrower, in accordance with the procedures stated in the Promissory Note, and will remain operative until the requirements set forth herein are no longer applicable, except if earlier terminated by the Lender or altered through mutual consent of the Parties.

Should you require further information or assistance, do not hesitate to contact us:
Legal Entity Name: E.G.C. LENDING CORP.
Email Contact:
Customer Service Line: 9546722062
Physical Address: Blk.6 Lot 7 Macanst.,Mirandasubdsan Juan Taytay, Rizal, 1920 Philippines