PESO GABAY TERMS AND CONDITIONS

Credible Lending Inc.

Effective Date: October 16, 2026

Last Updated: October 16, 2026

Welcome to Peso Gabay, the online lending platform operated by Credible Lending Inc. (the “Company”, “we”, “us” or “our”), a lending corporation organized and existing under the laws of the Republic of the Philippines, with registered office at Unit 513, 5/F Royal Peak Plaza, Tower A, 485 Quirino Ave., Tambo, Parañaque City, SEC Registration No. 2026100270176-03, and Certificate of Authority No. L-26-1158-24.

These General Terms and Conditions (the “Terms”) are developed in accordance with the laws of the Republic of the Philippines and govern your access to and use of the Peso Gabay Platform, as well as any loan you may obtain through it. Together with the Loan Agreement, Promissory Note, and Disclosure Statement, these Terms form part of your agreement with the Company. Please read them carefully before using the Platform.

1. DEFINITIONS

As used in these Terms:

2. ELIGIBILITY

You may register and apply for a loan through the Platform only if you:

  1. Are a citizen of the Philippines residing in the Philippines;
  2. Are at least eighteen (18) years of age and have full legal capacity to contract;
  3. Have a present source of income;
  4. Are in good credit standing; and
  5. Provide true, accurate, current, and complete information in all registrations and applications.

By creating a Personal Account, you represent and warrant that you meet all of the foregoing requirements, and you expressly authorize the Company to verify your identity using all necessary means, including sharing the information you have provided with third-party service providers and/or data processors.

3. REGISTRATION AND ACCOUNT SECURITY

  1. You agree to provide accurate, true, and complete information about your personal identity during registration and application, and to keep such information updated.
  2. If, during verification, we find that any information you provided is untrue, inaccurate, not current, or incomplete, we have the right to reject your application, suspend or restrict your Personal Account, and deny you access to the Platform in the future.
  3. You are responsible for maintaining the confidentiality of your account credentials, PINs, and passwords, and for all activities that occur under your Personal Account. The Company shall not be liable for any loss arising from your sharing of your account with, or allowing another person to use, your Personal Account.
  4. You must notify us immediately through our official customer service channels if you believe your account has been compromised or used without your authorization.
  5. The Company may temporarily stop or restrict your account if we detect fraudulent or unlawful activities.

4. LOAN APPLICATION AND APPROVAL

  1. Your Loan Application shall be regarded as an offer only. The approval of any loan shall be decided upon the Company’s appraisal and credit verification based on your assessed capacity to pay, and the Company has the absolute discretion to accept or reject any Loan Application for valid cause.
  2. The approved Loan Amount is based on the assessed capacity to pay of the Borrower during credit verification.
  3. The Loan Decision shall be communicated to you through the Platform, SMS, email, and/or direct call via your registered mobile number.
  4. Once your Loan Application is accepted and you confirm and accept the Loan Decision, the proceeds shall be released to the bank account or e-wallet account you registered, subject to the conditions in Section 5.
  5. The Company shall not be responsible for the release of any loan proceeds to a wrong bank account or e-wallet account due to data entry errors by the Borrower.

5. CONDITIONS PRECEDENT TO THE RELEASE OF LOAN PROCEEDS

The proceeds of the Loan shall be released only after the following conditions have been fulfilled to the Company’s satisfaction:

  1. The Loan Application has been completed, and submitted;
  2. Your bank account or e-wallet details have been provided;
  3. Your photograph together with your identity document has been submitted for KYC verification;
  4. The Loan Decision has been confirmed and accepted by you; and
  5. The Promissory Note and Disclosure Statement have been confirmed and accepted by you.

6. LOAN PURPOSE

The Loan shall be used by the Borrower exclusively for legal and legitimate personal purposes, such as education, hospitalization, emergencies, travel, household, and other personal consumption needs of a similar nature. The Loan proceeds shall not be used for any illegal purpose, including gambling, or for any purpose prohibited by law.

7. INTEREST, FEES, AND CHARGES

  1. Interest on the Loan shall accrue daily until the Maturity Date and shall be computed at the rate indicated in the Promissory Note and the Disclosure Statement.
  2. Applicable processing fees and other charges shall be disclosed to you in the Disclosure Statement in accordance with the Truth in Lending Act before you accept the Loan.
  3. The total cost of the Loan shall at all times comply with the applicable interest rate and fee ceilings prescribed by the Securities and Exchange Commission.

8. REPAYMENT

  1. You must pay the full Loan Amount plus all accrued interest and charges on or before the Maturity Date.
  2. Information on all available repayment methods and channels will be made available to you in your Personal Account.
  3. You may prepay the Loan in full or in part ahead of the Maturity Date; the exact amount due for early repayment on any given day will be shown in your Personal Account.
  4. Any amount received by the Company after the Maturity Date shall be applied in the following order: (a) all charges permitted by law; (b) enforcement expenses; (c) late payment penalties and fees; and (d) Loan-related amounts in the order of fees, interest, and principal.

9. COOLING-OFF PERIOD

In compliance with Republic Act No. 11765 (The Financial Products and Services Consumer Protection Act) and its Implementing Rules and Regulations under SEC Memorandum Circular No. 05, Series of 2023, you may cancel the affected Loan Document(s) without penalty of any kind, provided that written notice of cancellation is received within three (3) business days from the execution date of the affected Loan Document(s), sent via email to cs@pesogabay.com or through such other channels as may be provided in the Platform. Your written notice must include your full name (with middle name), registered mobile number, date of birth, and reason for cancellation.

Upon availment of the cooling-off period, you agree to return the loan proceeds granted, released, or disbursed to you, plus the reasonable or actual processing or handling fees incurred, free of any interest, surcharges, penalties, or pre-termination costs.

10. LATE PAYMENT AND DEFAULT

  1. In case of failure to pay any amount due on or after the Maturity Date, the Company shall be entitled to charge default penalties and additional interest as indicated in the Disclosure Statement and the Promissory Note, which shall form part of your outstanding obligation.
  2. Any of the following shall constitute an Event of Default: (a) failure to pay when due any principal, interest, fees, or charges; (b) failure to comply with or perform any of the terms of the Loan Agreement; (c) any representation or warranty you made proves to have been incorrect or misleading when made; (d) your insolvency, bankruptcy, or inability to pay debts as they become due; or (e) your death or any event covered by Article 1198 of the Civil Code of the Philippines.
  3. Upon an Event of Default, the Company shall have the right, at its discretion, to declare the full amount of the Loan immediately due and demandable, to apply the late payment penalties and fees referred to above, and to exercise all rights and remedies provided in the Promissory Note and under law for the enforcement of its claims.
  4. When necessary for the collection of your outstanding obligation, the Company and its authorized collection partners may contact you and the references and/or guarantors you provided, solely for the purpose of verification and collection.

11. CREDIT INFORMATION REPORTING

Pursuant to Republic Act No. 9510 and its Implementing Rules and Regulations, which created the Credit Information Corporation (CIC), the Company is mandated to submit your basic credit data, as well as any regular updates or corrections thereof, to the CIC and to other credit reporting agencies duly accredited by the CIC, for the purpose of establishing your creditworthiness. In case you fail to pay your loan obligation fully, correctly, or timely, the Company may, in addition to other debt recovery measures allowed by law, provide information on such failure to third parties, including collection agencies, for the purpose of collecting the loan obligation.

12. YOUR REPRESENTATIONS AND WARRANTIES

You represent and warrant to the Company on a continuing basis that:

  1. All information you provided in your Loan Application and related documents is true, complete, correct, and accurate as of the date it was given, and is not misleading in any respect;
  2. You are authorized to disclose the personal information of the references and/or guarantors you provided, and you have obtained their consent to the processing of such information for verification and collection purposes;
  3. Your entry into and performance of the Loan Agreement do not conflict with any law or regulation applicable to you, or any agreement binding upon you;
  4. You are not a Politically Exposed Person (PEP) as defined under the Anti-Money Laundering Act of 2001, as amended; and
  5. You have read, understood, and agreed to comply with these Terms, the Loan Agreement, the Promissory Note, and other relevant documents, including your obligation to make full, complete, and timely payment of your loan obligation.

13. USE OF THE PLATFORM

  1. The Platform may be used only for lawful purposes. You agree not to use the Platform in any way that violates any applicable law or regulation, or to attempt to gain unauthorized access to the Platform, other accounts, or any systems or networks connected to the Platform.
  2. You agree not to submit fraudulent, falsified, or stolen identity documents, and not to apply for a loan on behalf of another person. We may suspend or terminate your account and cancel any approved loan without reimbursement, and take legal action, in cases of illegal or fraudulent use.
  3. All content, trademarks, and materials on the Platform are owned by or licensed to the Company. You may not copy, modify, distribute, or use them without our prior written consent.
  4. The Platform is provided on an “as is” and “as available” basis. While the Company implements adequate security measures as required by the Data Privacy Act of 2012, we do not guarantee that the Platform will be uninterrupted or error-free, and we shall not be liable for any loss arising from system interruptions, telecommunications failures, or events beyond our reasonable control.

14. DISCLOSURE OF INFORMATION

You expressly permit the Company to transfer and disclose your information to: (i) government authorities and regulators; (ii) credit reporting agencies and the CIC; (iii) the Company’s auditors and lawyers; (iv) debt collection agents; (v) banks, e-wallet providers, and payment processors involved in the disbursement and collection of the Loan; and (vi) the Company’s affiliates, subsidiaries, and service providers involved in the provision of products and services, to the extent permitted by Philippine laws and as further described in our Privacy Policy. The processing of your personal data under these Terms is likewise governed by the Peso Gabay Privacy Policy, and your rights under the Data Privacy Act of 2012 shall be upheld at all times.

15. LIMITATION OF LIABILITY

To the maximum extent permitted by law, the Company shall not be liable for any indirect, incidental, special, or consequential losses or damages arising from or in connection with your use of the Platform or the Loan, including losses arising from your misuse of your account, your violation of these Terms, or events of force majeure.

16. FORCE MAJEURE

The Company shall not be responsible to you for any delay or failure to perform its obligations due to causes beyond its reasonable control, including but not limited to natural disasters (typhoons, earthquakes, tsunamis, floods), strikes or riots, acts of war, epidemics, government actions, or failures of telecommunications or other facilities.

17. AMENDMENTS

The Company may review and revise these Terms at any time at its sole discretion. Any amendments will be published on the Platform and, where required, notified to you. Your continued use of the Platform after the effective date of any amendment constitutes your acceptance of the revised Terms. If you do not agree with the amended Terms, you must stop using the Platform.

18. NOTICES

Notices to you in connection with the Loan may be given through your Personal Account, by SMS to your registered mobile number, by email to your registered email address, or by such other means specified in your Loan Application, and shall be deemed received upon sending, subject to system delays. Notices to the Company shall be addressed to our registered office or sent through our official customer service channels, and shall be deemed received on the day of actual receipt.

19. GOVERNING LAW AND DISPUTE RESOLUTION

These Terms and the Loan Agreement are governed by the laws of the Republic of the Philippines. Any dispute arising out of or in connection with these Terms, including questions concerning their existence, validity, or termination, shall be subject to the jurisdiction of the competent courts of the Philippines.

20. CUSTOMER SERVICE

For questions, concerns, or complaints regarding these Terms, the Platform, or your loan, please contact us:

21. EFFECTIVITY

These Terms shall become effective upon your successful registration on the Platform and shall remain in force with respect to your account and any Loan until all your obligations to the Company have been fully settled, unless earlier terminated in accordance with these Terms.

Peso Gabay is a product of Credible Lending Inc., a lending corporation regulated by the Securities and Exchange Commission of the Republic of the Philippines, with registered office at Unit 513, 5/F Royal Peak Plaza, Tower A, 485 Quirino Ave., Tambo, Parañaque City, SEC Registration No. 2026100270176-03, and Certificate of Authority No. L-26-1158-24. Please study the terms and conditions in the Disclosure Statement before proceeding with the loan transaction.