I/We hereby certify that all the information and documents furnished to PNB (the “Bank”) in connection with this application are true and correct in all material respect. Should any of the information provided herein be found false or misleading, the Bank may disapprove this application or, in case the loan proceeds have already been released, declare the loan to be immediately due and demandable.
I/We hereby authorize the Bank, its branches, parent bank, its subsidiaries, affiliates and correspondent banks, without prior notice, to make any and all disclosure of information regarding my deposit account with the Bank, and documents, as well as my personal data, as may be required by the Bank or any relevant government agency in accordance with the provisions of Republic Act Nos. 9510 (Credit Information System Act), 1405 (Secrecy of Bank Deposit Act), 6426 (Foreign Currency Deposit Act), 10173 (Data Privacy Act of 2012), and Sec. 55.1b of Republic Act No. 8791 (General Banking Law) and any amendments thereon, and such other applicable laws and regulations related thereon. I/We hereby hold the Bank, its parent bank, its subsidiaries, affiliates and correspondent banks, as well as their respective directors, officers, employees and authorized representatives, free and harmless against any and all liability arising from any claims, liabilities, suits and damages that may arise from the exercise of the authority granted herein.
I/We fully authorize the Bank, its employees, authorized representatives, parent bank, related companies, and third party service providers, to: (i) obtain such information as may be required concerning this application and to retain such information as the Bank’s property whether or not the loan is granted; (ii) verify the information given with third parties, including taxing authorities and government entities; and (iii) to use, process and share information obtained from the undersigned and third parties with any person or organization in connection with the application for the loan, the administration of the loan granted by virtue of such application, and any transaction related to the foregoing.
This authorization and consent shall be valid and effective until the expiration of the retention limit set by laws and regulations from account closure and the period set until disposal in a commercially acceptable manner. I/We hereby hold the Bank, its directors, officers, employees, authorized representatives, parent bank, related companies and third party service providers, as well as the directors, officers, and employees, of its authorized representatives, parent bank, related companies, and third party service providers, free and harmless from any liability that may arise from the use, processing, verification, gathering, transfer, disclosure or sharing of information made pursuant to this Agreement.
As owner of the information, I/we are aware that I/we have the right to be informed of, and object to, the processing of my/our personal data, to access and to rectify any error or inaccuracy thereto. I/We also have the right to suspend, withdraw, or order the blocking, removal, or destruction of personal data that is incomplete, false, unlawfully obtained, processed or used for unauthorized purpose, or prejudicial to me/us, and to be indemnified for damages sustained due to inaccurate, incomplete, outdated, false, unlawfully obtained or unauthorized use of my/our personal data.
I/We hereby authorize the Bank to send notices and announcements to me/us as the Bank may deem proper, including without limitation, information regarding the status of my/our loan application and details concerning my/our approved/availed loan, via email, as well as broadcast messaging service, multimedia messaging service, and/or short messaging service as these terms are defined in the regulations of the National Telecommunications Commission (NTC). I/We hereby agree that the Bank may allow its parent company, subsidiaries, affiliates and third parties selected by the Bank to offer their products and services to me/us through mail, email, fax, SMS or other means of communication. For this purpose, I/We further agree that the Bank may transfer and disclose selected client information to its parent company, subsidiaries, affiliates and third parties selected by the Bank. It is agreed and understood that unless and until the Bank is in receipt of written notice from me/us not to be sent such messages, my/our authority as given herein shall be deemed continuing, valid and effective. I/We agree to hold the Bank free and harmless against any loss, injury or damage that I/we may suffer in relation to any notification/announcement sent by the Bank to me/us in the format stated herein.
I/We also confirm that the proceeds of the loan I/we have applied for shall not be used in any speculative, illegal, and/or criminal activity. I/We likewise authorize the Bank to disclose information relating to the loan granted to me/us to other financial institutions, credit information bureaus and any other organizations performing similar functions.
I/We further agree that in case of loan re-availment/renewal, this form, including all information and provisions herein, shall be in effect unless information and/or provisions herein require updating; in which case the Bank may require submission of a new application form or any document to update pertinent information/provisions in this form, as the case may be.
Finally, I/We confirm that I/we have read and understood the terms and conditions herein provided and that I/we are entering into this transaction with my full consent, such that I/we are considered indebted to the Bank upon receipt of the loan proceeds.
