I hereby CONSENT to and allow 123 FINANCE CORPORATION or any of its Subsidiaries, Affiliates, Partners and accredited Third Party Service Providers to collect, retrieve, process, use and store my personal data such as my name, age, photographs, fingerprints, other biometric data (e.g., facial recognition and voice recognition), mobile number/s, mobile phone usage data, employment details, income, financial data, financial profile, credit standing, loan payment history, and other information that may be required to process my loan application. I fully understand and agree that my personal data will be processed for credit investigation, credit scoring, data analytics, collection, automated processing of the loan, data profiling, direct marketing of products and services of 123 FINANCE CORPORATION or any of its Subsidiaries, Affiliates, and Partners.
1 2 3 Finance Corporation (doing business under the name and style of 123 Finance Group) is committed to safeguard the personal and account information of our LOAN clients. In this regard, please be apprised of the regulatory requirements on data privacy and security. Republic Act No. 10173 known as the Data Privacy Act (DPA) of 2012, issued by the National Privacy Commission (NPC) in August 2012, provides the guidelines on the implementation of this law. Please be informed that 1 2 3 Finance Corporation shall continue to process the personal, sensitive, and privileged information (collectively known as Personal Data) of its LOAN clients (who are regarded as the Data Subjects), in the course of its servicing of the clients’ account/s with 1 2 3 Finance Corporation in accordance with applicable laws and regulations. This Privacy Statement hereafter referred to as “Statement”, explains how we collect, protect, use, and share your information when you access our websites and/or avail of our products and services. This Statement outlines the general practices of 1 2 3 Finance Corporation in relation to our processes and content which are made available through our website and social media page. This Statement also covers the privacy practices for our customers who apply and obtain loan products that 1 2 3 Finance Corporation may offer from time to time. It is, however, the policy of 1 2 3 Finance Corporation to respect and uphold data privacy rights, and to ensure that all personal data collected from clients and employees are processed pursuant to the general principles of transparency, legitimate purpose, and proportionality as stated in DPA.
The privacy practices described in this Statement are primarily intended for individuals in the Philippines and are designed to comply with the Data Privacy Act of 2012 (R.A. 10173) and its implementing rules and regulations. When accessing our website and/or availing of our services from outside the Philippines, you acknowledge and agree that your information may be transferred to and processed in the Philippines following legal and regulatory standards for data protection that may differ from your current or home jurisdictions. It is the policy of 1 2 3 Finance Corporation to respect and uphold data privacy rights, and to ensure that all personal data collected from clients and employees are processed pursuant to the general principles of transparency, legitimate purpose, and proportionality as stated in the Data Privacy Act of 2012. The following information are necessary for our LOAN clients to know and understand:
Personal information – any information, whether recorded in a material form or not, that will directly ascertain the identity of an individual. This includes your address and contact information.
When you apply for or avail of any product or service, we collect your personal information so that we may provide valuable and useful services that we believe you might find interesting and beneficial. Personal information is any data that can be used to identify a person. This may include, among others:
We may, as and when necessary, seek to verify or augment this information with third-party entities, including government regulators, judicial, supervisory bodies, tax authorities, or courts of competent jurisdiction, and, in the process, gain additional information about you.
When you access our website, we may provide information about us as well as information regarding our products and services.
We may also collect, use and keep your personal opinions or comments made known to us via feedback or responses to surveys or any other interaction that you had with our employees, authorized representatives, agents, and service providers.
We use the information collected to deliver and provide the products and services that you are to avail:
We may share your personal information with our subsidiaries, affiliates, and third parties, under an obligation of confidentiality.
All our engagements with third parties shall be fully compliant with our obligation of confidentiality imposed on us under the applicable agreements and/or terms and conditions or any applicable laws that govern our relationship with you.
We fully recognize the value of your personal information particularly as it may include sensitive personal information such as your age, governmentissued IDs, etc. Appropriately, we strive to maintain the confidentiality, integrity, and availability of your personal information by employing physical, technological, and organizational safeguards. We train our employees to properly handle your information. Whenever we engage other companies to provide services to us, we require them to protect personal information aligned with our security standards.
If you turn cookies off, some of the features that make your site experience more efficient may not function properly that make your site experience more efficient and may not function properly.
Your personal information shall be retained for as long as the purpose for which it was collected, and such other purposes that you may have consented to from time to time remains in effect until it is no longer required nor necessary to keep your information for any other legal, regulatory or business purposes.
We commit to use your personal information in the course of our financing relationship with you.
We shall use your information to determine what products and services we can provide you. Use of your information shall also be to comply with the legal and regulatory requirements of authorities such as the Securities and Exchange Commission (SEC), Credit Information Corporation (CIC) , and our obligation to third parties. Non-identifiable data collected from our website visitors shall only be for tracking and servicing the users’ concerns if any. We may also collect, process, store, and exchange your personal data in accordance with applicable laws and/or as per your agreement with us.
We shall safe keep and use your information confidential within the bounds of applicable Philippine laws (e.g. Data Privacy Act of 2012; Credit Information System Act (R.A. No. 9510); Republic Act No. 9160, as amended, otherwise known as the Anti-Money Laundering Act; etc.). We shall provide only the needed information to government agencies, like the Bureau of Internal Revenue (BIR), and third parties when allowed by law and/or per your agreement with us.
We commit that the management of your personal information adheres to established security standards and procedures.
Our improved technology and information security framework shall prevent unauthorized access to your information which undergoes continuous assessment to improve securing your privacy.
As provided under the DPA, you have the following rights in connection with the processing of your personal data: the right to be informed, right to object, right to access, right to rectification, right to erasure or blocking, and right to damages.
In respecting your privacy rights, you may opt to tell us:
We may charge a fee for processing your request/s for access and/or update. Such a fee depends on the nature and complexity of your request. Information on the processing fee will be made available to you before making the request.
Protect your personal information.
We entice you to be extra cautious in protecting your personal data by ensuring that your name, address, Identification Card Details (ID), and other important contact information are not disclosed to other people, nor written where it will be easily accessible to others.
Report any data breach.
If you think that your personal data was improperly handled in terms of confidentiality or integrity, or if someone tampered with your personal data without your consent, please contact us immediately thru our Data Protection Office, with contact details below:
Use secure means to contact us.
For any queries, clarifications, or requests on any aspect of this Statement, the exercise of your rights pertaining to your personal information, or to provide any feedback that you may have about our processing of personal information, please visit any of our branches or send us an email at firstname.lastname@example.org.
You may also write our Data Protection Officer at:
Data Processing Officer
1 2 3 Finance Corporation
1600 Pedro Gil cor. J Bocobo St., Malate, Manila (across from Robinson’s Place Main Entrance)
We may modify or amend this or amend this Privacy Statement from time to time to keep up with any changes in relevant laws and regulations applicable to us or how we collect, use, protect, store, share or dispose of your personal information. Any relevant updates will be posted on the Company’s website.