This Loan Agreement (“Agreement”) governs the terms and conditions under which ESQUIRE FINANCING INC. (the “Lender”) may provide a loan to an eligible user of the Sure Peso mobile application (the “Borrower,” “you,” or “your”).
By accepting a loan offer through the Sure Peso app, you acknowledge that you have read, understood, and agreed to be bound by this Agreement, together with the approved loan details, repayment schedule, disclosure statement, promissory note, and any other loan-related documents presented or made available to you electronically.
The final loan amount, repayment term, repayment schedule, interest, and other applicable loan details will be determined based on the Lender’s review of your application and will be clearly displayed to you in the app before you accept the loan.
Licensed Loan Provider:
ESQUIRE FINANCING INC.
SEC Number:
CS201102284
License Number:
1027
Loan Provider Contact:
supports@esquirefin.com
Technology Platform Operator:
MYLOAD TECHNOLOGY CORP.
Platform Support Email:
support@myloadtechnology.com
Sure Peso is a digital loan service platform operated and maintained by MYLOAD TECHNOLOGY CORP. for app operation, technical support, customer support channels, and user-facing digital service assistance.
Loan services, including loan review, approval, disbursement, repayment terms, and lending-related compliance, are provided by ESQUIRE FINANCING INC., the licensed loan provider.
Subject to approval, the loan products available through Sure Peso have the following general range:
Loan Amount:
₱3,000 to ₱100,000
Loan Term:
91 days to 360 days
Maximum APR:
21.9%
Service Fee:
None
The exact loan terms offered to you may vary depending on your eligibility, submitted information, credit evaluation, repayment capacity, risk review results, and other assessment factors applied by the Lender.
Before you accept any loan, the app will display the approved loan amount, applicable rate, repayment schedule, repayment amount, and other relevant details for your review.
The following is a representative loan example based on the product terms currently disclosed in the Sure Peso app:
Loan Amount:
₱10,000
Loan Term:
91 days
APR:
21.9%
Repayment Schedule:
3 installments
Interest:
₱10,000 × 21.9% × 91 / 365 = ₱546
Total Repayment Amount:
₱10,000 + ₱546 = ₱10,546
Repayment Breakdown:
1st Installment:
₱10,546 × 33% = ₱3,480
2nd Installment:
₱10,546 × 33% = ₱3,480
3rd Installment:
₱10,546 × 34% = ₱3,586
This example is provided for reference only. Your actual approved loan terms, repayment amount, installment schedule, and due dates will be shown to you in the app before you accept the loan.
When you submit a loan application through Sure Peso, the information you provide may be reviewed for identity verification, eligibility assessment, credit evaluation, fraud prevention, risk control, and compliance purposes.
Submitting an application does not guarantee approval. The Lender reserves the right to approve, reject, suspend, or require additional verification for any application in accordance with its internal policies and applicable laws.
If your application is approved, the app will display a loan offer that includes the approved amount, term, applicable annual rate, repayment schedule, and total repayment amount.
You are responsible for carefully reviewing all loan details before accepting the offer. You should only proceed if you fully understand and agree to the displayed loan terms.
The loan will only become effective after you:
Once the loan is accepted and processed, you will be responsible for repayment according to the approved repayment schedule.
After your loan is accepted and all pre-disbursement requirements are completed, the approved loan amount will be released to the local electronic wallet or bank account/card information designated by you and accepted by the platform.
You are responsible for ensuring that the payout information you provide is accurate, valid, active, and under your control.
The Lender shall not be responsible for delays, failed transfers, incorrect disbursements, or related issues caused by inaccurate, incomplete, inactive, or unauthorized account details provided by the Borrower.
You agree to repay the loan principal together with the applicable interest in accordance with the repayment plan shown in your approved loan details.
Your repayment obligation begins once the loan has been accepted, processed, and disbursed according to the approved loan terms.
Your due dates and installment amounts will be specified in the app or in the loan disclosure provided to you.
You must make each payment on or before the applicable due date using the repayment channels made available by the platform.
All outstanding amounts under the loan must be fully paid by the final due date stated in your repayment schedule.
Failure to fully repay the loan by the final due date may result in default handling in accordance with this Agreement and applicable law.
You may choose to repay your loan before the final maturity date, subject to the settlement amount generated by the system at the time of repayment.
Unless otherwise stated in your approved loan terms, no separate service fee applies to early repayment.
Interest will be calculated according to the approved loan terms presented to you before acceptance, provided that the APR shall not exceed 21.9%.
The applicable interest and repayment amount will be displayed before you confirm acceptance of the loan.
No service fee is charged for the loan product described in this Agreement, unless otherwise disclosed in a future compliant update and accepted by you before loan disbursement.
If permitted by law and properly disclosed, overdue obligations may result in additional lawful charges, penalties, or collection-related costs.
Any such amount must comply with applicable Philippine laws and regulations and must be handled in accordance with fair and lawful collection standards.
By accepting a loan through Sure Peso, you represent, warrant, and undertake that:
You may be considered in default if any of the following occurs:
If a default occurs, the Lender may exercise any remedy allowed by this Agreement and by applicable law, including:
Any default handling and collection activity shall be conducted in accordance with Philippine laws, regulations, and fair debt collection standards.
You agree that the Lender, Sure Peso, MYLOAD TECHNOLOGY CORP., or their authorized service providers may send important notices relating to your account or loan through:
These communications may relate to account verification, loan approval, disbursement, repayment reminders, overdue notices, customer support, dispute handling, legal notices, or compliance matters.
You are responsible for keeping your mobile number, email address, and other contact details updated. Any delay or failure to receive notices caused by outdated or incorrect contact information may affect your account or repayment obligations.
By applying for and accepting a loan, you authorize the collection, use, processing, storage, and sharing of your personal data as necessary for:
Your personal data will be handled in accordance with the applicable Privacy Policy of Sure Peso and the requirements of the Data Privacy Act of 2012, Republic Act No. 10173, and related regulations in the Philippines.
The Lender may suspend, cancel, or terminate any pending or active loan transaction where:
Termination or suspension of platform access does not remove your obligation to pay any outstanding loan balance, interest, or other lawful amounts already due under an approved loan.
To the extent permitted by law, this Agreement may be updated from time to time to reflect regulatory changes, business practice adjustments, compliance requirements, product updates, or service improvements.
Any material change affecting your existing loan will be communicated through the app or other appropriate electronic means where required.
The version of the Agreement in effect at the time you accept your loan shall govern that loan, unless a later change is required by law or expressly accepted by you.
This Agreement shall be governed by and interpreted in accordance with the laws of the Republic of the Philippines.
If a dispute arises in relation to this Agreement, the parties should first attempt to resolve the matter through customer support or internal complaint handling procedures.
If the issue cannot be resolved amicably, either party may pursue remedies available under Philippine law before the appropriate courts, tribunals, regulators, or other bodies with proper jurisdiction.
If any provision of this Agreement is found to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect to the extent permitted by law.
Any invalid or unenforceable provision shall, where possible, be interpreted in a manner that most closely reflects its original intent, legal effect, and commercial purpose.
This Agreement, together with the approved loan details, repayment schedule, disclosure statement, promissory note, Privacy Policy, and other loan-related documents presented to you in the Sure Peso app, constitutes the full agreement between you and the Lender with respect to the loan transaction.
This Agreement replaces any prior oral or written understanding relating specifically to the approved loan transaction, unless otherwise required by law or expressly stated in another binding loan document.