Rural Bank of Kibawe (Bukidnon), Inc.
General Terms and Conditions
Effective Date: March 24, 2026
1. Parties
This Agreement (these "Terms") is made between:
Rural Bank of Kibawe (Bukidnon), Inc., a rural bank duly organized and existing under the laws of the Republic of the Philippines, with principal office at Sayre Highway, West Kibawe, Kibawe, Bukidnon and with Certificate of Authority No. B1016 & Company Registration No. 91025 (the "Bank"); and
Collectively, the Bank and the Client are referred to as the "Parties," and individually as a "Party".
2. Scope of Services
Finbubu Limited, an independent technology platform operator. The Bank's services include but are not limited to:
Loan Services — origination, processing, and disbursement of credit facilities, including Virtual Credit Card products, Credit Line products and Business Credit products; and
Deposit Services — display and promotion of the Bank's savings and time deposit products, allowing clients to view rates, fees, and related details, and to make online reservations or appointments for account opening, deposits, withdrawals, or fund transfer transactions.
2.2 All deposit-taking, fund transfer, and loan disbursement activities shall be conducted solely through the Bank's authorized channels in accordance with applicable laws and regulations. The Platform serves as a digital access channel to facilitate account or loan applications, client onboarding, transaction scheduling, status inquiries, and information dissemination. No financial transaction shall be deemed completed through the Platform unless confirmed, processed, and recorded by the Bank's core banking system through its authorized channels.
2.3 The deposit product and credit product offered by the Bank shall be governed by separate product-specific terms and conditions as published on the Platform https://finbubu.com/deposit-terms.
2.4 The Bank retains sole control and responsibility for all deposit-taking, loan approval, disbursement, fund transfers, and risk management functions. The Platform and any third-party service providers engaged shall perform only non-core, technical, or client support functions, subject to BSP regulations.
3. Eligibility; Application; KYC / AML
3.1 Eligibility criteria are set out in the Platform and may be updated from time to time. The Client must be of legal age and meet any identity, residency, and financial criteria required by the Bank.
3.2 The Client consents to the Bank's collection, use, and verification of personal and financial information for KYC, credit assessment, AML/CFT screening, transaction monitoring, and regulatory reporting. The Client shall provide accurate documents and cooperate with the Bank's identification and verification procedures (including but not limited to e-KYC, biometrics, and third-party verification).
3.3 The Bank may refuse or suspend an application if KYC/AML documents are incomplete, inconsistent, or give rise to suspicious circumstances.
4. Credit Products — Approval, Credit Limit, and Drawdown
4.1 Credit Line — a revolving credit facility under which the Client may draw down, repay, and re-draw amounts up to the approved Credit Limit during the facility period, subject to these Terms and the applicable Credit Line Agreement ( Annex A).
Virtual Credit Card (“VCC”) — a digital credit facility linked to an approved Credit Limit that enables the Client to make cashless payments at participating merchants via QR code or other accepted payment methods, and to withdraw cash advances up to the sub-limit specified in the applicable disclosure, subject to these Terms and the applicable Credit Line Agreement ( Annex A).
Business Credit—an unsecured financing solution for businesses, based on operational performance and creditworthiness. It provides fast, flexible funding for working capital, expansion and emergencies.
4.2 Loan or credit approval decisions shall be made exclusively by the Bank in accordance with its credit policies. Any credit scoring, automated decision support, or pre-screening performed by a third party shall be advisory only; the Bank shall exercise final approval authority.
Credit Limit (the maximum outstanding balance the Client may maintain at any time); (ii) the initial Available Credit (Credit Limit less any Utilized Amount); and (iii) all applicable fees, interest rates, and repayment terms, as set out in the Disclosure Statement issued to the Client.
“Utilized Amount” means the aggregate outstanding balance of all drawdowns, cash advances, purchases, fees, interest, and other charges that have been debited to the Client's credit account and remain unpaid at any given time. The Available Credit at any time equals the Credit Limit minus the Utilized Amount.
4.5 Disbursement of loan proceeds or credit drawdowns is subject to satisfactory completion of the Bank's conditions and documentation, and shall be to the Client's designated bank account or payment channel approved by the Bank. The Bank will not disburse funds through channels that would contravene BSP rules.
4.6 The Bank may withhold disbursement or suspend the credit facility if it detects irregularities, potential fraud, AML concerns, or system/security issues.
4.7 For the Virtual Credit Card product, the Client's credit is accessed through a virtual card number issued by the Bank. Use of the virtual card number constitutes a drawdown against the Credit Limit. The Bank reserves the right to set separate sub-limits for merchant payments and cash advances within the overall Credit Limit.
5. Interest, Fees, and Taxes
5.1 Interest rates and fees applicable to each Credit Product are as stated in the Disclosure Statement issued to the Client. All charges shall be disclosed prior to the Client's acceptance.
5.2 For revolving Credit Products, interest shall accrue on the Utilized Amount from the drawdown date until full repayment. The applicable interest rate, effective interest rate (EIR), and all fees shall be disclosed in accordance with the Truth in Lending Act (Republic Act No. 3765) and BSP MORB requirements.
5.3 The Client shall be responsible for any taxes, duties, or charges arising from the credit facility, unless otherwise required by law. Where applicable, the Bank may deduct withholding taxes or documentary stamp tax from disbursements.
5.4 The Bank may revise interest rates, fees, and charges upon prior notice to the Client in accordance with BSP regulations. Continued use of the credit facility after the effective date of any revision constitutes the Client's acceptance thereof.
6. Repayment; Minimum Payment; Prepayment; Default
6.1 Repayments shall be made in accordance with the Disclosure Statement or periodic billing statement issued by the Bank. The Client authorizes debits as agreed and shall ensure sufficient funds for scheduled repayments.
6.2 For revolving Credit Products, the Bank shall issue periodic billing statements setting out the Credit Limit, Utilized Amount, Available Credit, minimum payment due, payment due date, and applicable interest and fees. The Client shall pay at least the minimum payment amount by the due date.
6.3 Prepayment: The Client may prepay the outstanding balance in whole or in part at any time subject to the Bank's prepayment policy. Any prepayment shall be applied first to fees and charges, then to accrued interest, and then to principal, unless otherwise specified.
6.4 Default: In case of default (including non-payment of the minimum amount due, material misrepresentation, or insolvency), the Bank may: (a) suspend or cancel the Client's credit facility; (b) declare the entire Utilized Amount immediately due and payable; (c) impose late payment charges as disclosed; (d) report the default to the Credit Information Corporation (CIC) and other credit bureaus; and (e) pursue all available legal remedies. Reasonable enforcement costs, collection expenses, and legal fees shall be charged to the Client.
7. Credit Limit Review and Suspension
7.1 The Bank reserves the right to review, reduce, suspend, or cancel the Client's Credit Limit at any time, with or without prior notice, in cases of: (a) deterioration of the Client's creditworthiness; (b) delinquency or default; (c) fraud or suspected AML/CFT concerns; (d) regulatory direction; or (e) material adverse change in the Client's financial condition.
7.2 The Client may request a Credit Limit increase, subject to the Bank's credit assessment and approval at its sole discretion.
7.3 Suspension or cancellation of the credit facility shall not relieve the Client of the obligation to repay the full Utilized Amount and all accrued charges.
8. Security; Set-off
8.1 Credit Products are unsecured unless otherwise stated in the Disclosure Statement. If security is required, the Client will execute necessary security documents and cooperate with registration and perfection of security interests.
8.2 The Bank may set off or combine any amounts owed by the Client to the Bank against any deposit accounts of the Client maintained with the Bank, to the extent permitted by law and subject to applicable notification requirements.
9. Client's Representations and Warranties
9.1 The Client represents and warrants to the Bank that:
9.2 The Client undertakes to promptly notify the Bank of any material change in circumstances, including change of address, contact details, employment, financial condition, or involvement in any criminal or administrative proceedings.
9.3 The Bank reserves the right to suspend, cancel, or deny any transaction or application if any representation or warranty is found to be untrue or misleading, without prejudice to any other rights or remedies available to the Bank.
10. Data Privacy, Security, and Consent
10.1 The Client consents to the Bank’s processing of personal data for purposes of loan evaluation, servicing, monitoring, fraud prevention, audit, regulatory reporting and as otherwise permitted by law. The Bank shall handle personal data in accordance with applicable data protection laws and its privacy notice：https://finbubu.com/privacy-notice
10.2 The Client authorizes the Bank to obtain, exchange, and verify credit and other information with the Credit Information Corporation (CIC), credit bureaus, government agencies, payment processors, and third-party service providers for legitimate business and regulatory purposes.
11. Security, System Availability, and Incident Reporting
11.1 The Bank shall use commercially reasonable measures to secure the Platform and Client data. The Bank does not guarantee uninterrupted availability; scheduled maintenance or force majeure events may cause downtime.
11.2 The Bank shall maintain incident response and business continuity plans; material security incidents affecting Client data or funds shall be notified and managed in accordance with applicable law and BSP regulatory guidance.
12. Consumer Protection, Disclosure, and Complaints
12.1 The Bank shall disclose in clear and comprehensible form: interest rates (nominal and effective), Credit Limit, Utilized Amount, Available Credit, fees, repayment schedule, penalties for default, and complaint channels, in compliance with the Financial Products and Services Consumer Protection Act (Republic Act No. 11765) and BSP MORB.
12.2 The Client has the right to lodge complaints through the Bank's designated channels. The Bank shall handle complaints in accordance with its published policy and notify BSP if required by law.
Customer Service Email: service@finbubu.com
Hotline: +63 9608756462
13. Limitation of Liability; Indemnity
13.1 To the maximum extent permitted by law, the Bank shall not be liable for indirect, incidental, or consequential losses (including business interruption, loss of profits) arising from use of the Platform, except where caused by the Bank's gross negligence or willful misconduct.
13.2 The Client shall indemnify and hold the Bank harmless from claims, losses, and expenses arising from the Client's breach, fraud, or misrepresentation.
14. Marketing Communications
14.1 The Bank or its authorized service providers may disclose promotions, offers, and marketing messages via the Platform. The Client consents to receive such communications, subject to opt-out rights as provided by law.
15. Assignment; Third-Party Rights
15.1 The Bank may assign, transfer, or novate its rights to affiliates or third parties (including for funding or participations), provided such transferee agrees in writing to be bound by confidentiality and regulatory obligations. The Client will be notified of any assignment affecting repayment instructions.
15.2 The Client may not assign rights or obligations without the Bank's prior written consent.
16. Force Majeure
16.1 The Bank shall not be liable for any delay or failure in performing its obligations resulting from a Force Majeure Event (including acts of God, strikes, government actions, pandemics, cyber incidents, telecommunications failures, or Payment Channel outages). The suspension or delay of performance by reason of a Force Majeure Event shall not constitute a breach of these Terms.
17. Amendments, Notices, and Electronic Communications
17.1 The Bank may amend these Terms by notice to the Client where permitted by law; material changes shall be notified in advance and shall require the Client's consent or be subject to a reasonable notice period as required by BSP regulations.
17.2 Notices and communications to the Client may be delivered via the Platform, SMS, email, or other agreed channels; notices to the Bank must be sent to its registered office or contact information published on the Platform.
18. Termination; Suspension
18.1 The Bank may suspend or terminate the Client's access to the Platform and any credit facility for fraud, suspected AML/CFT breaches, material breach of these Terms, or directions by BSP or other competent authorities. Suspension or termination shall not relieve the Client of repayment obligations for outstanding Utilized Amounts.
19. Governing Law and Dispute Resolution
19.1 These Terms shall be governed by and construed in accordance with the laws of the Republic of the Philippines.
19.2 Any dispute, controversy, or claim arising out of or in connection with these Terms, or the breach, termination, or invalidity thereof, shall be brought exclusively before the proper courts of the Philippines having jurisdiction over the principal place of business of the Bank. The Client hereby expressly submits to the exclusive jurisdiction of such courts and waives any objection to venue or jurisdiction that the Client may otherwise have under applicable law.
19.3 Nothing in this clause shall limit the Client's right to lodge a complaint with the Bangko Sentral ng Pilipinas (BSP) or any other relevant regulatory authority. The Bank may seek injunctive or other urgent equitable relief from any court of competent jurisdiction without this being deemed a waiver of the foregoing exclusive jurisdiction.
20. Miscellaneous
20.1 Severability: If any provision is held invalid, the remainder shall remain in full force and effect.
20.2 Entire Agreement: These Terms and accepted disclosures (including the applicable Disclosure Statement and product annexes) constitute the entire agreement between the Parties with respect to the services described herein.
ACCEPTANCE
By clicking "Accept", registering, using, or applying for credit products via the Platform, the Client acknowledges that he/she has read, understood, and agreed to be bound by these Terms.
The Client hereby consents to the receipt of communications from the Platform, including agreements, disclosures, notices, payment reminders, and other relevant documentation, by electronic means such as SMS, email, or in-app messaging. The Client acknowledges and agrees that electronic records and signatures are valid, binding, and enforceable, and shall be treated as equivalent to physical documents and handwritten signatures for all purposes under Philippine law, including the Electronic Commerce Act (Republic Act No. 8792).
ANNEX A — CREDIT LINE AGREEMENT
Rural Bank of Kibawe (Bukidnon), Inc.
This Credit Line Agreement ("Agreement") forms part of and is governed by the RBK General Terms and Conditions.
1. Definitions
In this Agreement, the following terms have the meanings set out below. Capitalized terms not defined here have the meanings given in the General Terms and Conditions.
“Credit Limit” means the maximum aggregate Utilized Amount that may be outstanding at any time, as notified to the Borrower by the Bank and as may be revised from time to time.
“Utilized Amount” means the aggregate outstanding principal balance of all Draw-downs made by the Client under this Agreement that remain unpaid at any given time, excluding accrued interest, fees, and other charges. Interest, fees, and penalties are tracked and disclosed separately in the App and each Disclosure Statement.
“Available Credit” means, at any time, the Credit Limit minus the Utilized Amount.
“Draw-down” means a disbursement of funds by the Bank to the Borrower under this Agreement.
“Credit Facility Period” means the period during which the Client is entitled to make Draw-downs under this Agreement, commencing on the Effective Date and expiring on the date specified in the Disclosure Statement, as may be renewed or extended by the Bank in writing. The expiry of the Credit Facility Period does not discharge the Client's obligation to repay any outstanding Utilized Amount.
“Credit Facility Approval Date” means the date on which the Bank approves and communicates to the Client the grant of the revolving credit facility under this Agreement, as specified in the Disclosure Statement. The Credit Facility Period commences on this date unless otherwise stated.
“Draw-down Date” means, in respect of each Draw-down, the date on which the Bank disburses the requested funds to the Client's designated account or payment channel. Interest on each Draw-down shall accrue from the Draw-down Date, and the applicable Loan Term shall be calculated from such date. For the avoidance of doubt, the Draw-down Date shall be the actual date of fund transfer as recorded by the Bank.
“Loan Term” means, in respect of each individual Draw-down, the period from the date of disbursement of that Draw-down to its scheduled repayment date, as specified in the applicable Billing Statement or Draw-down confirmation issued by the Bank. Each Draw-down may have a different Loan Term, and the expiry of a Loan Term does not affect the Client's right to make further Draw-downs during the Credit Facility Period, subject to Available Credit and the absence of any event of default.
2. Credit Facility
2.1 Subject to the terms of this Agreement and the satisfaction of all conditions, the Bank grants to the Borrower a revolving credit line up to the Credit Limit as specified in the Disclosure Statement (Annex B).
2.2 The credit facility is revolving in nature: repayments made by the Borrower restore Available Credit by the amount repaid (net of fees and charges applied), enabling the Borrower to make further Draw-downs up to the Credit Limit during the Facility Period.
2.3 The Bank may, at its sole discretion, review and adjust the Credit Limit at any time, subject to prior notice to the Borrower where required by law. A Credit Limit reduction does not affect repayment obligations for the existing Utilized Amount.
3. Draw-down Procedure
3.1 The Borrower may request a Draw-down through the Platform, subject to: (a) the requested amount not exceeding the Available Credit and (b) compliance with the Bank's internal verification procedures.
3.2 The Bank shall process approved Draw-down requests within the time disclosed on the Platform, subject to system availability and regulatory requirements.
3.3 Each Draw-down constitutes a separate loan under this revolving facility and is subject to the interest rates and fees disclosed in the Credit Line Disclosure Statement.
4. Interest and Charges
4.1 Interest shall accrue daily on the Utilized Amount at the rate specified in the Credit Line Disclosure Statement, from the date of each Draw-down until full repayment.
4.2 All fees and charges applicable to the credit facility are set out in the Credit Line Disclosure Statement. The Bank shall disclose the Effective Interest Rate (EIR) inclusive of all mandatory charges in accordance with the Truth in Lending Act and BSP MORB.
4.3 Interest and fees shall be reflected in each Billing Statement and debited to the Borrower's credit account on the statement date.
5. Repayment
5.1 The Bank shall issue a Billing Statement to the Borrower on each statement cut-off date showing the Utilized Amount, Available Credit, transactions, interest, fees, Minimum Payment due, and Payment Due Date.
5.2 The Borrower shall pay at least the Minimum Payment by the Payment Due Date. Failure to do so constitutes a default and will result in late payment charges as disclosed.
5.3 The Borrower may at any time pay more than the Minimum Payment or the full Utilized Amount. Full payment of the outstanding balance before the due date avoids further interest accrual on the paid amounts.
5.4 Payments shall be applied in the following order: (a) fees and penalties; (b) accrued interest; (c) oldest principal Draw-downs first, unless otherwise required by applicable regulation.
6. Billing Statements and Disputes
6.1 The Borrower shall review each Billing Statement upon receipt. Any errors or discrepancies must be reported to the Bank within thirty (30) calendar days from the statement date, in accordance with Republic Act No. 10870 applied by analogy to this revolving credit facility.
6.2 The Bank shall investigate reported disputes within ten (10) banking days of receipt of notification and shall correct any confirmed errors in the subsequent Billing Statement.
7. Events of Default
7.1 Each of the following constitutes an event of default under this Agreement:
Upon an event of default, the Bank may: (a) suspend Draw-down rights; (b) declare the entire Utilized Amount immediately due and payable; (c) impose default interest and penalty charges as disclosed; and (d) pursue all available legal remedies.
8. Credit Reporting
8.1 The Bank shall report the Borrower's credit account status, Utilized Amount, and payment history to the Credit Information Corporation (CIC) and other authorized credit bureaus as required by Republic Act No. 9510 (Credit Information System Act). The Borrower consents to such reporting and acknowledges that delinquency will be reflected in the Borrower's credit profile.
9. Facility Renewal and Termination
9.1 The credit facility shall be subject to annual review. The Bank may renew, modify, or terminate the facility upon notice to the Borrower at least thirty (30) calendar days prior to the Expiry Date, or such shorter period as may be permitted by applicable regulation.
9.2 The Borrower may terminate the credit facility at any time by notifying the Bank through the Platform or in writing, provided all outstanding Utilized Amounts have been repaid in full.
9.3 Termination of the facility does not affect obligations accrued prior to termination.
10. Governing Terms
This Credit Line Agreement shall be read together with and governed by the RBK General Terms and Conditions. In the event of any inconsistency between this Agreement and the General Terms and Conditions, the terms of this Agreement shall prevail in respect of the Credit Line product.
BORROWER'S ACKNOWLEDGMENT AND ACCEPTANCE
I confirm that I have read, understood, and agree to the terms of this Credit Line Agreement and the Credit Line Disclosure Statement. I acknowledge receipt of the Disclosure Statement prior to any Draw-down.
Client Name: _______________________________
Signature / Electronic Acceptance: _______________________________
Date: _______________________________
ANNEX B — DISCLOSURE STATEMENT
Agreement No.:
Name of Lender: Rural Bank of Kibawe (Bukidnon), Inc.
Name of Client:
Credit Facility Purpose:
Permitted Use: The credit facility and each Draw-down thereunder shall be used solely for lawful personal purposes. The Client warrants that no Draw-down shall be used for speculative, illegal, or prohibited activities under applicable Philippine law.
Approved Credit Limit (PHP): [ ]
Utilized Amount (PHP): [ ]
Available Credit (PHP): [ ]
Loan / Draw-down Amount (PHP) : [ ]
Draw-down Date:[ ] ( actual fund transfer date as recorded by the Bank)
Effective Monthly Charges: [ ]% per month
Service Fee (PHP): [ ], deducted upfront from the loan proceeds. This fee includes costs related to loan processing, approval, servicing, and collection.
Net Proceeds of Loan (PHP): [ ]
Late Penalty: 0.16% per day
All terms used herein are as disclosed in the Rural Bank of Kibawe (Bukidnon), Inc. General Terms & Conditions signed before.
CLIENT ACKNOWLEDGMENT
I confirm that I have received, read, and understood this Credit Line Disclosure Statement before signing or accepting any drawdown. I acknowledge that the Utilized Amount, Available Credit, and all applicable charges will be reflected in my periodic billing statements.
Client Signature / Electronic Acceptance: _______________________________
Date: _______________________________
This Disclosure Statement forms part of the Credit Line Agreement (Annex A) and the RBK General Terms and Conditions. In the event of any inconsistency, the Credit Line Agreement shall prevail.