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This Peer to Peer Lending Agreement is designed for use in the Philippine jurisdiction where alternative lending platforms are gaining prominence. The document serves as a legally binding contract between parties engaging in direct lending transactions, whether through online platforms or direct arrangements. It includes essential provisions required by Philippine regulations, including those from the Bangko Sentral ng Pilipinas (BSP), Securities and Exchange Commission (SEC), and other relevant authorities. The agreement is particularly relevant in today's digital economy where traditional banking alternatives are increasingly sought after. It incorporates necessary safeguards for both lenders and borrowers, including clear terms on interest rates, repayment schedules, default provisions, and security arrangements, while ensuring compliance with anti-money laundering regulations, data privacy laws, and consumer protection requirements.

1. Parties: Identifies and provides full details of the lender and borrower, including their legal names, addresses, and contact information

2. Background: Explains the context of the agreement and the parties' intention to enter into a P2P lending arrangement

3. Definitions: Defines key terms used throughout the agreement to ensure clear interpretation

4. Loan Amount and Purpose: Specifies the principal amount being lent and the stated purpose of the loan

5. Interest Rate and Charges: Details the interest rate, calculation method, and any additional fees or charges

6. Term and Repayment: Specifies the loan duration and repayment schedule, including payment amounts and due dates

7. Method of Payment: Describes acceptable payment methods and account details for loan disbursement and repayment

8. Security and Collateral: Details any assets or guarantees provided as security for the loan

9. Representations and Warranties: States the parties' assertions about their capacity and authority to enter into the agreement

10. Events of Default: Lists circumstances that constitute default and the consequences thereof

11. Remedies: Outlines the legal remedies available to parties in case of default or breach

12. Governing Law: Specifies that Philippine law governs the agreement and outlines jurisdiction for disputes

13. Data Privacy and Confidentiality: Addresses handling of personal information in compliance with the Data Privacy Act

14. Notices: Specifies how formal communications between parties should be made and delivered

15. Execution: Contains signature blocks and execution formalities