The client/s hereby agree to comply with the loan application and requirements, subject to Bangko Sentral ng Pilipinas (BSP) and Securities and Exchange Commission (SEC) circulars, rules and regulations, and policies of BRIC Bank, Inc. A Rural Bank (BRIC).

The client/s hereby authorize BRIC, or any of its authorized representatives, to call, enter, inspect, and take photos of my/our premises as part of its credit verification procedures.

The client/s hereby agree and consent that BRIC may collect, use, disclose, process, retain, or dispose of their personal information contained in this form and/or otherwise provided by them or obtained by BRIC in the course of its verification process in compliance with the Data Privacy Act (R.A. No. 10173) and its Implementing Rules and Regulations (IRR).

The client/s hereby acknowledge and consent that BRIC may disclose their personal data to its third-party service providers. Said third-party service providers, if engaged by BRIC, may only use their personal data for and on behalf of BRIC.

The client/s hereby agree to the collection, access, use, storage, and sharing of their telco score, telco usage, data, and other personal data in the possession of mobile network operators, and other parties, necessary for credit scoring, credit evaluation, collection, and credit/fraud investigation by BRIC. This data may be collected, accessed, used, stored or shared outside the Philippines by BRIC and/or its service providers for the same purposes.

The client/s hereby agree that the application form, all supporting documents, and any other information obtained by BRIC relative to this application remain the property of BRIC and may be used for loan applications, insurance renewals, and marketing activities by third-party service providers, its affiliates, business partners, insurance companies, mobile network operators, and related companies. The client/s further agree that BRIC will retain their personal information in accordance with existing laws and regulations on the Anti-Money Laundering Act (AMLA) and the Data Privacy Act, subject to my/our rights as data subjects.

Upon the acceptance of their loan application, the client/s hereby legally and validly bind themselves to the terms and conditions governing the service(s) or product(s) availed of from BRIC, including but not limited to joint and several liabilities for all charges, fees and other obligation(s) incurred in connection with the processing my/our loan application. The client/s understand that BRIC is not obligated to provide any explanation in the event that the loan application is denied.

The client/s hereby authorize BRIC to verify their loan requirements with relevant government agencies, including but not limited to the Bureau of Internal Revenue (BIR), Land Transportation Office (LTO), Social Security System (SSS), Philippine Health Insurance Corporation (PhilHealth), Home Development Mutual Fund (HDMF), Registry of Deeds (RD), to ensure consistency with their declared credit capacity and to confirm the accuracy of their identity.

The client/s hereby agree that the data and figures in their financial documents shall be considered in evaluating their financial capacity and creditworthiness.

The client/s also understand that any false statement or concealment of information which may be discovered after the loan has been granted shall be a sufficient basis for the BRIC to consider the loan due and demandable immediately, without prejudice to BRIC’s right to pursue judicial remedies and any other legal action available under the law.

The client/s hereby authorize BRIC to send updates about their loans via SMS/text, e-mail, mail, or other means of communication.

The client/s hereby voluntarily agree to allow BRIC to debit their accounts at any bank BRIC is affiliated with to cover the payment in full of any loan obligation, penalty charges, insurance, interest, and other applicable fees arising from my/our transactions with BRIC and any other relevant documents.

The client/s hereby acknowledge and authorize:

(1) the regular submission and disclosure of their basic credit data to the Credit Information Corporation (CIC) as well as any updates or corrections thereof, as defined under the Credit Information System Act (R.A. No. 9510 and its IRR);

(2) the sharing of their basic credit data with other lenders authorized by the CIC and credit reporting agencies duly accredited by the CIC;

and (3) the inclusion of their name(s) and other pertinent information about their loan history in any credit bureau or institution as may be required by law.

The client/s hereby waive their rights under the provisions of the Rule of Writ of Habeas Data (A.M. No- 08-1-16-SC) issued by the Supreme Court. It is further understood that BRIC may  decline or revoke the loan application in its absolute discretion.

The client/s hereby acknowledge that under the Data Privacy Act of 2012 (R.A No. 10173), they have the right to withdraw their consent to the processing of personal data. This right may be exercised upon discovery that personal information is incomplete, outdated, false, unlawfully obtained, used for unauthorized purposes, or no longer necessary.

The client/s hereby certify that the information in this application form and all supporting documents are true and correct. The client/s hereby authorize BRIC to verify their information, including previous credit transaction(s). The client/s expressly waive any confidentiality provisions if applicable.

The client/s fully understand that any misrepresentation or failure to disclose information on their part as required herein may cause the disapproval of their application.