INSTALOAN TERMS & CONDITION
Note to Users
Lista Bookkeeping App, Inc. ("the Company," “Lista,” "we," "us," or "our") provides Users ("you," "your", "yours," "user," or “Borrower”) with certain programs and services as set forth below (the “Programs” and/or “Services”). Lista operates a web/mobile application (the “Lista App”) available for download at the Google Play Store, the Apple App Store, and other similar platforms, and accessible at https://Lista.com.ph. The App and the Website shall be together referred to as the “Platform”.
Please make sure to review everything fully and carefully so you are informed about your rights and obligations.
About Lender: BPCI Lending Inc. is a third party lending company engaged in the business of a lending investor.
Qualified Borrower: The Lender provides qualified Users with a loan in the amount and on the terms and conditions established in the Promissory Note. To qualify for a loan, you must meet certain eligibility criteria as determined by the Lender which may include a (a) creditworthiness assessment and (b) income verification. Please note that additional criteria may apply based on the Lender’s discretion. The Lender has the right to refuse to provide the Borrower with a loan in case the specified criteria are not met.
Loan Repayment: As a Borrower, you undertake to repay the loan, including interest and any applicable fees and charges, under the terms and conditions specified in the Promissory Note.
Data Collection and Usage: In the loan application process, we may collect your personal data for the following purposes: (a) to facilitate and manage the loan application process, (b) to maintain accurate records of loan applications, (c) to improve the Lender's products and services, and (d) to communicate with the Borrower regarding the loan application, including updates, notifications, and marketing communications. We may share said data with the Lender for the purpose of credit verification, collection, credit review, evaluation of your creditworthiness and credit scoring/analytics, and statistical and risk analysis.
We shall limit collection of personal data from you to those which are adequate, relevant, suitable, necessary, and not excessive in relation with the applicable know your customer (KYC) policies, rules and regulations, as well as those necessary for determining creditworthiness and preventing fraud.
Just-In-Time Notice: In line with your right to information and access, we shall promptly inform you on how we handle specific pieces of information you are required to provide. This notification will be provided at the point in time when the Lender is about to process or is in the process of handling your personal data. This ensures transparency and keeps you informed when your data is being managed.
Data Security: Reasonable security measures will be implemented to protect and safeguard your personal data from unauthorized access, disclosure, alteration, or destruction. Your right to access, review, correct, and update your personal data in compliance with the Data Privacy Act of 2012 and other applicable laws will be maintained.
Severability: The provisions hereof are severable. If any part, term, or provision hereof shall be held illegal, unenforceable, or in conflict with any law of state or local government having jurisdiction over this Terms, the validity of the remaining portion or portions shall not be affected thereby.
Exemption from Liability: I hold Lista free and harmless from any liabilities, claims, and demands of whatever kind or nature in connection with or arising from the aforementioned lending services of the Lender.
Acceptance: By applying for and proceeding with the loan application through the Lista App, you acknowledge that you have read, understood, and agreed to these Terms and consent to the collection, use of their personal data as described herein.