By availing of the Negosyo+ Credit, you acknowledge and agree to the following terms and mechanics:

Processing Fee

1. A processing fee of 2.99%-6.99% applies to the total amount of credit drawn. The exact rate varies depending on the borrower’s credit score and is subject to change with prior notification.

Tenor

1. Every drawn amount will be due 14 calendar days after the transaction date. At such point, the full amount plus all applicable fees must be paid in full.
2. The tenor may be extended based on a borrower’s credit performance, subject to Saripay’s discretion.

Loan Amount Limits

1. Each individual draw from your credit line is subject to the following limits:
   1. Minimum Amount: Php 500.00
   2. Maximum Amount: Equivalent to your pre-approved credit limit. This limit will be communicated to you via Saripay channels, including SMS and in-app notifications.
   3. Draw Increment: The amount drawn must be in multiples of Php 100.00.

Late Fees

1. If a balance remains unpaid past its due date, a late payment fee will take effect, equivalent to 0.5% of the loan amount charged daily until the balance is settled.

Example: On a Php 1,000.00 unpaid balance, a late fee of Php 5.00 will be charged for each day the balance remains unpaid.

Important Reminders

1. Outstanding balances are viewable via the ELista Bill feature inside the Saripay app.
2. Persistent non-payment may result in suspension of Saripay services and legal action for recovery of outstanding balances.
3. Fees and rates are subject to change with prior notification.

Governing Agreement

1. This Disclosure Statement is issued pursuant to and forms part of the Saripay Negosyo+ Credit Terms and Conditions. By confirming a drawdown, you acknowledge that you have read, understood, and agreed to the terms set out in this Disclosure Statement and the Negosyo+ Credit Terms and Conditions.