Last update: 01 July 2026

These Terms and Conditions (“Terms”) govern the availment and use of Saripay Negosyo+ Credit, a revolving credit facility offered through the Saripay platform by G2M Financing Corporation (“Lender”). By applying for, accepting, or using Negosyo+ Credit, the Borrower acknowledges it has read, understood, and agreed to these Terms, the Saripay Terms and Conditions, the applicable Disclosure Statement, and the Privacy Notice. 

 

1. DEFINITION OF TERMS

For purposes of these Terms, the following terms shall mean:

1. Borrower refers to a verified and approved Saripay user who is granted access to Negosyo+ Credit.
2. Negosyo+ Credit refers to the Buy Now Pay Later (BNPL) program that may be used only for eligible transactions within the Saripay platform, as may be allowed by Lender from time to time.
3. Credit Limit refers to the maximum amount the Borrower  may draw at any given time, subject to Lender’s approval and ongoing credit assessment.
4. Drawdown refers to each separate availment or use of available credit under Negosyo+ Credit.
5. Disclosure Statement refers to the written statement provided to the Borrower upon line activation, showing the principal amount, fees, charges, due date, repayment amount, and other required credit information.
6. ELista Bill refers to the billing and account summary feature within the Saripay app that reflects the Borrower’s outstanding Negosyo+ Credit obligations.
7. Due Date refers to the date when the full amount payable for a drawdown becomes due and demandable.
8. Privacy Notice refers to the Saripay and/or Lender privacy notice describing the processing of personal data in accordance with applicable law. 

2. ELIGIBILITY AND CREDIT LIMIT

Negosyo+ Credit is available only to Borrowers who are prequalified, fully verified, and approved by the Lender based on its credit policies and risk standards. Lender  may approve or deny any application or request in accordance with applicable law and internal credit criteria. No Borrower has a vested right to any specific credit limit or continued availability of the facility.

Lender may require additional documents, information, or confirmations as part of its credit assessment, subject to applicable law. The Borrower represents that all information provided to Lender is true, correct, complete, and updated.

Approved Borrowers will have a revolving credit limit. Successful repayments made by the Borrower will replenish the available credit line for subsequent transactions.

The Credit Limit may be adjusted from time to time based on the Borrower’s credit information, repayment performance, account activity, risk assessment, and other relevant factors in accordance with Saripay’s credit policies.

Borrower’s availment of this program signifies its consent to be bound by the terms and conditions set forth herein.

3. CREDIT LIMIT AND USE

The Borrower shall be assigned a Credit Limit that may be increased, decreased, suspended, or withdrawn based on repayment behavior, account status, transaction history, fraud risk, credit performance, and other lawful credit factors. Any change in Credit Limit shall be communicated through the Saripay app, SMS, email, or other lawful notice channels.

Negosyo+ Credit may be used only for transactions and services expressly allowed by Lender within the Saripay platform, including telco loading and bills payment, unless otherwise stated in the app or in a separate written notice. Lender may restrict, suspend, or modify permitted uses in accordance with law and product policy. 

The Borrower understands and acknowledges that upon approval and for the duration of using the credit line, the cash out features of the Saripay Application may be disabled.

4. FEES AND CHARGES

The Borrower shall pay a processing fee and other charges, if any, as disclosed before each drawdown. The processing fee may vary depending on the principal amount, depending on eligibility, risk profile, promotional offers, or other lawful criteria, provided that the actual applicable rate is fully disclosed before availment.

The Borrower agrees to pay any lawful finance charges, penalties, or collection-related charges that are clearly disclosed in advance, are consistent with applicable law, and are reflected in the Disclosure Statement or other contract documents. No fee or charge shall be imposed unless it is properly disclosed and permitted under applicable laws and regulations.

5. DISBURSEMENT PROCESS

1. To draw from the credit line, the borrower shall call Saripay’s hotline – 09190599916. The loan request shall be subject to Lender’s review and approval. Other lines may be made available and shall be announced and indicated in the app.
2. Upon approval of a drawdown request, the proceeds shall be credited to the Borrower’s Saripay wallet, subject to system availability and internal verification procedures. Loan requests are subject to Lenders sole discretion. Approval is not guaranteed, and Lenderretains the full right to approve or reject any request.

6. BILLING, REPAYMENT, AND RE-AVAILMENT

1. Statement of Account: Borrowers will see their outstanding loan balances reflected on their ELista bill inside the Saripay app.
   1. The Borrower may view account balances, drawdowns, due dates, and repayment history through the ELista Bill or other app features provided by Saripay. The Borrower is responsible for reviewing account statements and immediately reporting any discrepancy within a reasonable period after the statement or notice becomes available.
   2. Lender may maintain electronic records of transactions, disclosures, confirmations, and notices, and such electronic records shall be admissible and binding to the extent allowed by law. 
2. Payment Execution: Loan repayment must be settled in full as a single payment through the available channels inside the Saripay app on or before the due date.
3. Payments shall first be applied in accordance with applicable law. Any partial payment, overpayment or payments made after the due date shall be processed in accordance with applicable law and Lender’s standard procedures.

7. DELINQUENCY, PENALTIES, AND COLLECTION PROCEDURES

1. If any amount due remains unpaid after the Due Date, the account may be subject to late payment charges, default interest, and other lawful costs as disclosed before availment and permitted by applicable law. Any such charges shall be computed and imposed only in the manner stated in the Disclosure Statement or applicable product disclosure. 
2. Field Recovery: Lender reserves the right to deploy field collectors to perform on-site visits to delinquent accounts. Persistent failure to pay may result in the suspension of all associated Saripay services and may prompt legal actions to recover outstanding balances.

8. PRIVACY AND DATA COLLECTION

The Lender shall collect, use, store, disclose, and retain personal data only for legitimate and lawful purposes related to account opening, identity verification, credit assessment, credit servicing, repayment, fraud prevention, collection, compliance, audit, and legal enforcement. Such processing shall be carried out in accordance with applicable privacy laws and the Privacy Notice provided to the Borrower.

The Lender shall not access or use the Borrower’s contacts, messages, photos, or social media data for debt collection, harassment, or public shaming. Any use of device permissions or technical access shall be limited to purposes disclosed to the Borrower and allowed by law.

The Borrower consents, where required by law, to the sharing of relevant personal and credit information with credit information bureaus, affiliates, service providers, collection agents, and competent authorities, but only to the extent necessary and lawful for the purposes stated in the Privacy Notice and these Terms. 

9. SUSPENSION AND TERMINATION

Lender may suspend, restrict, or terminate access to Negosyo+ Credit, in whole or in part, if the Borrower breaches these Terms, provides false information, engages in fraud, misuses the facility, or becomes past due. Suspension or termination shall not extinguish any outstanding obligation already incurred.

The Borrower may stop using Negosyo+ Credit at any time, subject to full repayment of all outstanding balances, fees, and lawful charges already incurred. 

10. APPLICABILITY OF SARIPAY TERMS AND CONDITIONS

These terms and conditions shall apply in conjunction with the Saripay Terms and  Conditions (https://saripay.com/terms-and-conditions/). 

11. AMENDMENT AND TERMINATION

Lender may amend these Terms, fees, product features, eligibility criteria, or permitted use rules from time to time, provided that material changes are communicated to the Borrower through reasonable prior notice and are implemented only in accordance with applicable law.

12. OTHER PROVISIONS

• Governing Law. These Terms shall be governed by and construed in accordance with the laws of the Republic of the Philippines. Any dispute arising from these Terms shall be filed exclusively with the courts of Taguig City to the exclusion of all other courts.
• Severability. If any provision of these Terms is held invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect to the extent permitted by law.

13. CONTACT INFORMATION

For questions, notices, or complaints regarding Negosyo+ Credit, the Borrower may contact Saripay through the channels stated in the app or other official communication materials provided by Saripay. Official contact details for billing, repayment, and dispute resolution shall be maintained and updated by Saripay in the app and related disclosures.