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Disbursement – SBC shall credit the mortgage profits to my payroll account and deliver an SMS notification for me upon crediting.

Disbursement – SBC shall credit the mortgage profits to my payroll account and deliver an SMS notification for me upon crediting.

Conditions and terms

The following terms and conditions connect with my registration to and availment through the Salary Advance Program. By signing below, we hereby agree the following:

  1. Concept of Terms. – The following terms, as utilized herein and in the Statement of Accounts become delivered to me personally, will probably be comprehended to suggest:
    • “Salary Advance” – any amount credited to my payroll account because of my demand and verification via SMS to advance on my income, sent through my mobile phone quantity registered in Security Bank Corporation (“SBC”) database provided as an element of my details whenever I became a payroll client regarding the bank.
    • “Date of Salary Advance” – the date on which my SMS verification is received by SBC.
    • “Salary Advance Limit” – means the most i will avail at any one time, become set by SBC in line with the net pay that my boss credits to my account within the newest a few months. SBC will inform me personally via SMS regarding my validity and limit upon approval of my application (evidenced by this credit contract). After each and every legitimacy period, i shall ask regarding the updated validity and limit period via SMS.
    • “Salary Crediting Day” – means the day/s for the thirty payday money center reviews days that my manager declared to credit salary to its employees’ payroll reports, that may additionally act as the cornerstone of my repayment dates and readiness date of my Salary Advance.
    • Eligibility Criteria. – Signed credit contract will not guarantee automated enrollment to this program, and it is nevertheless at the mercy of approval on the basis of the after:
    • I will be at the very least 21 years old although not significantly more than 65 yrs .