Eligibility Guidelines for Applicants:

This loan program is limited to Filipino citizens between the ages of 18 and 60. To be considered eligible, applicants must present a valid government-issued identification document and provide verifiable proof of a regular income. It is strongly advised to carefully read and understand all terms and conditions included in the Disclosure Statement before submitting an application.

Loan Program Features at a Glance:

Loan Amount: ₱5,000 to ₱200,000
Repayment Term: 91 to 180 days
Annual Interest Rate (APR): 22.4%
Service Fee: 1% of the loan amount, ranging from ₱50 to ₱2,000
Transaction Fees: None applicable

Sample Loan Illustration:

For a ₱10,000 loan taken over 91 days, payable in three equal installments:
Service fee charged upfront: ₱10,000 x 1% = ₱100
Each installment payment: Approximately ₱3,517 (calculated based on principal, APR, and repayment schedule)
Interest per installment: Around ₱184 (based on ₱10,000 at 22.4% APR / 365 x 30 days)
Total interest over the loan term: ₱552 (₱10,000 x 22.4% / 365 x 90 days)
Total repayment amount: ₱10,552 (includes principal, total interest, and service fee)
Disbursement amount (net of fees): ₱9,900




1. Contact Method
This Agreement becomes effective on the date the loan funds are made available to the Borrower as per the Promissory Note and continues until the outlined obligations are met or are no longer required, unless terminated sooner by the Lender or otherwise revised by agreement of the Parties.

If you have any more questions or require our assistance, feel free to reach out:
Registered Name: GOLDEN NYY MICRO-LENDING INC.
Electronic Mail:
Customer Service Number: 9420609588
Office Location: Warehouse No. 67 Mandaue North Central Compound Cabancalan Mandaue City, Cebu, 6014 Philippines




2. Interest on the Loan
The Borrower is obligated to the Lender for the payment of interest on the Loan until the total amount is discharged, with the interest being computed and remitted in adherence to the regulations specified within these General Terms and Conditions.

Interest on the Loan accrues on a daily basis until the Maturity Date. The interest rate is determined on a case-by-case basis and disclosed in Disclosure Statement.




3. Loan Use
The credit extended by the Lender must be utilized by the Borrower for purposes that are legitimate and sanctioned. This credit is intended strictly for the personal benefit of the Borrower.




4. Loan Amount Agreement
Pursuant to the agreement herein, the Lender shall furnish a loan to the Borrower, and the Borrower shall accept and employ the loan furnished by the Lender, in the total amount delineated in the Loan Decision, as reflected in the Promissory Note and the Borrower’s Personal Account.




5. Loan Term
"Loan Term" refers to the span over which the Borrower is to settle the principal value of the Loan, in addition to the relevant interest, charges, and fees as stated in the Disclosure Statement. This duration is set to range from ninety-one (91) calendar days to a maximum of one hundred and eighty (180) calendar days, subject to the term agreed upon in the Loan Decision.




6. Late Payment Penalties and Charges
Upon the occurrence of any delinquent payment subsequent to the Maturity Date of the financial sum made available under the framework of this Loan, the Borrower shall be obligated to remunerate the Lender not solely with the overdue amount but also with a default penalty. This penalty is stipulated to be in the sum of PhP1,000 for clients engaging with the service for the first instance, and PhP800 for clients who are engaging with the service for subsequent instances. This is to be paid a singular time. In addition to the aforementioned penalties, an interest rate shall be levied on the unpaid amount at a daily rate of 5% commencing from the first day following the delay until the completion of the thirtieth day post-delay. Thereafter, the interest rate shall be adjusted to 4% of the overdue amount, applied daily from the thirty-first day of delay through to the ninetieth day of delay. Subsequent to this period, a reduced interest rate of 2% shall be imposed on the overdue amount, applied daily from the ninety-first day of delay until the complete liquidation of the Loan amount.



7. Prerequisite Conditions for Disbursement of the Loan
The disbursement of the Loan funds will be executed solely upon the satisfactory fulfillment of the subsequent conditions to the Lender's approval: the Borrower must provide accurate bank account details; a photo of the Borrower alongside an identity document must be uploaded to the Borrower's Personal account; and the Borrower must acknowledge and accept the Loan Decision through an SMS confirmation or a verbal confirmation via a direct phone call.

Once the Lender accepts the Loan Application submitted by the Borrower, the latter loses any right to cancel or decline the Loan proceeds, except in situations where such denial results in fees for cancellation, refusal, or early repayment as determined by the Lender. The Borrower concedes that the decision to permit or deny the Loan cancellation rests solely with the Lender.

The Lender bears no responsibility for funds released to an incorrect bank account due to the Borrower's data entry mistakes. Moreover, the Lender will not be held accountable for any delays or issues in the disbursement of Loan funds to third parties, as per the Borrower's written directives and instructions.




8. Declarations and Pledges
The Borrower hereby declares and assures the Lender that, on a perpetual basis:

The obligations articulated or implied by the Borrower under this Loan Agreement, and any connected documents, stand as lawful, legitimate, binding, and executable without contravention;

The initiation and execution of this Loan Agreement by the Borrower, inclusive of all envisaged dealings, will not result in a breach of (i) any applicable statutory or regulatory mandates pertinent to the Borrower, nor (ii) any contractual or legal obligations incumbent upon the Borrower;

There exists no ongoing or predictable event that would constitute a default as a consequence of availing the Loan under this agreement;

The Borrower has transparently revealed to the Lender all critical information, whether financial or otherwise, regarding themselves and any parties of interest, which holds substantial relevance to the Lender for the purposes of this Loan Agreement. This information is presented as truthful, exhaustive, and precise in all significant respects as of its disclosure and does not mislead in any aspect;

The Borrower has conscientiously reviewed, grasped, and consented to abide by the stipulations within the Loan Agreement, the Promissory Note, and supplementary documents. The Borrower is in agreement to be legally bound by these documents, along with any alterations thereto, which have been made available on the Lender's platform or have been otherwise communicated to the Borrower via suitable channels as deemed appropriate by the Lender;

The Borrower is cognizant of, and acknowledges, their duty towards ensuring the punctual, full, and correct payment of the loan as delineated within the Loan Agreement;

The Borrower recognizes the Lender's unassailable right to either sanction or decline the Loan Application based on legitimate reasons, with the understanding that the application and its supporting documents will be incorporated into the Lender's records and are not subject to return;

The Borrower perceives their Loan Application as solely a proposition, with the definitive approval contingent upon the Lender's evaluation and prevailing policy frameworks. The Borrower willingly accedes to the Lender's determinations and eschews any intentions of contestation or legal recourse against the Lender regarding such decisions;

Without any conditions, the Borrower affirms their genuine and legal obligation to repay the Lender the sanctioned loan amount, assuming its disbursement has been executed as outlined.

Additionally, throughout the duration of the Loan, the Borrower agrees to:

Allocate the loan proceeds strictly for their personal usage, encompassing but not limited to, educational expenses, healthcare emergencies, travel, household needs, or other similar personal expenditure;

Adhere entirely to all applicable regulations and laws in relation to fulfilling their duties under this Loan Agreement and any related documents;
Secure and perpetually uphold any necessary authorizations, consents, or approvals requisite for the performance of their obligations under this Loan Agreement, thereby affirming its legal standing, validity, enforceability, and evidentiary admissibility;

Promptly communicate to the Lender, in writing, about any looming or actual Event of Default as may be defined within the Loan Agreement, or any scenario that could be considered a default under any other binding agreement involving the Borrower, including any attempts to rectify such situations;

Proactively notify the Lender within three (3) days regarding any alterations to their personal information, such as name, birth date, or residential address;

Inform the Lender about any changes in their employment status, business operations, or professional engagements. If the Borrower is self-employed, they commit to regularly updating the Lender on their financial health as per the Lender's requisitions.




9. Review
The Lender retains the authority to review the Loan's terms and conditions at its discretion and to enforce its paramount right to call for repayment or cancel the Loan at any moment.

Moreover, the Lender reserves the exclusive right to modify or update the Terms and Conditions outlined in this document at any given time, based on its independent judgement.




10. Event of Default
Any and all of the following shall constitute Events of Default:

Failure by Borrower to comply with or perform any of the terms and conditions of the Loan Agreement, Promissory Note, or any other agreements between Borrower and Lender;

Borrower fails to pay when due and payable any principal amounts, interests, costs which Borrower is obliged to pay the Lender under the Loan Agreement;

Any representation or warranty made by Borrower herein or otherwise in connection with the Loan shall prove to have been incorrect or misleading as of the time it was made or deemed to have been made, and without reference to whether or not Lender was in fact prejudiced by such untruthfulness and/or non-fulfillment;

Borrower voluntarily suspends or ceases his/her personal financial conditions or becomes insolvent or is unable to pay his/her debts when they become due or commits or permits any act of bankruptcy or insolvency;

Any final judgment or decree for a substantial sum of money, damages or for a fine or penalty is entered against Borrower by a court of competent jurisdiction and is not paid, discharged or fully bonded within ten (10) days after the date when payment of such judgment or decree is due under applicable laws;

Borrower dies or is convicted of a criminal offense with final judgment carrying with it a penalty of civil interdiction affecting Borrower, or in any of the cases covered by Article 1198 of the Civil Code of the Philippines;

There shall have occurred a material change in the financial circumstances or condition of Borrower reckoned from the approval of the Loan, which, in the reasonable opinion of Lender, would adversely affect the ability of Borrower to perform the obligations under the Loan Agreement.

Consequence of Default

Should an Event of Default occur:

Lender shall have the right, at its discretion, to consider the full amount of the Loan as immediately due and demandable, and require Borrower to make full and immediate payment thereof;

If the default is a result of a failure of the Borrower to timely pay the Loan, the Late Payment Penalties and Fees prescribed under Article 7 shall apply;

Lender shall have all the rights to the remedies provided in the Promissory Note and in law for purposes of enforcing its claims against the Borrower.

To the extent allowed under Philippine law, Borrower accepts to waive any notice or formality meant to enable the Lender to exercise its rights arising from the occurrence of an Event of Default. The failure or the delay to exercise any right, options, power or privilege hereunder shall not operate as a waiver of any right of the Lender to exercise the same hereunder, unless said waiver is given in writing by the Lender, and then only to the extent specifically set forth in said writing.