Effective Date: April 2025
AKIS Credit is supported and enabled by Nfinit Lending Corporation.
The AKIS Credit platform provides loan services under the official authorization of Nfinit Lending Corporation, a licensed lending entity that has secured regulatory approval from the Philippines' Securities and Exchange Commission. Operating in strict compliance with the commission's guidelines and oversight, Nfinit Lending Corporation holds SEC Registration Number CS200809669 and Authorization Certificate Number 148. As the designated lender, Nfinit Lending Corporation facilitates all loan services offered through the AKIS Credit platform.
Lender：Nfinit Lending Corporation
SEC Registration No: CS200809669
Certificate of Authorization No: 148
1. Loan Terms
The loan amount, interest rate, repayment period, and any applicable fees will be set out in the Loan Details Overview. By accepting the loan, you agree to these terms. The loan term may vary depending on your credit status, repayment history, and other factors determined by the Company.
Loan Details Overview
- Loan Amount: 1,500 to 85,000
- Loan Term: 91 to 365 Days
- Annual Percentage Rate (APR): 10% - 29.9%
- Transaction Fees: None
How the Loan Works - Example Breakdown
For a 20,000 loan with a term of 180 days, the total payment is 22,734. This includes 2,734 in interest (911 per period) and a 400 service fee, which will be deducted upfront. After fees, you will receive 19,600. The repayment will be paid in three equal installments of approximately 7,578 each.
2. Repayment Terms
Payments must be made according to the agreed schedule. Delayed payments may incur additional fees as specified in the agreement. Failure to pay may result in legal action or recovery proceedings.
3. Early Repayment
The borrower may repay the loan early without paying any penalty. Interest is only calculated until the early repayment date.
4. Overdue Liability
If the borrower fails to repay on time, he will bear the following responsibilities:
- Penalty interest calculated based on the daily overdue interest rate
- Credit rating may be affected
- Lender has the right to take legal measures to recover the debt
- May be blacklisted, affecting future loan applications
5. Responsibilities and Obligations
Borrower Responsibilities:
- Provide true and valid personal information and financial status
- Repay on time and comply with loan terms
Lender Responsibilities:
- Provide transparent loan terms and reasonable loan plans
- Protect the borrower's personal information security
6. Applicable Law and Dispute Resolution
This agreement is governed by local law. In the event of any dispute, the parties shall first resolve it through friendly negotiation. If the negotiation fails, the case may be submitted to the court.
7. Contact Us
If you have any questions or suggestions about our loan agreement, please feel free to contact us at any time through the following methods:
- Email: [email protected]
- Address: 1314 San Antonio, Sampaloc, Manila, Metro Manila, 1008 Philippines
Thank you for using AKIS Credit's loan services. We are committed to providing you with convenient and secure financial services.