I/We hereby apply for the facility(ies) as set out above, and acknowledge, agree and accept the following terms and conditions：
1. I/We hereby acknowledge, agree and accept that:
(a) I/We undertake to promptly inform MoneySQ Limited if there are any changes on the above information (including but not limited to company name, company address, beneficial ownership, control of account, shares of capital, address and phone number of sole
proprietor/partner/director/guarantor, etc.) and to provide the relevant supporting documents;
(b) I/we and each of the individuals who signs this application form (“each individual”) certify that the particulars and information provided by me/us, whether in verbal or written form and in whatever manner, in connection with the application are true and correct in all respects and authorise MoneySQ Limited to contact any party as MoneySQ Limited deems necessary for verification and/or to disclose to or obtain from any party any information of me/us and/or any matter relating or incidental to the application at any time (whether before, on or after the approval of the above facility(ies)) without further reference to or consent from me/us;
(c) any supporting documents once submitted by me/us to MoneySQ Limited (whether the above facility(ies) is/are approved or otherwise) are not returnable;
(d) MoneySQ Limited has the absolute discretion to reject any application or to approve a loan of a lesser amount than that I/we applied for without giving any reasons;
(e) the final approved loan amount, interest rate, and other terms and conditions of the above facility(ies) are subject to the relevant loan documents to be accepted and signed by me/us; and
(f) MoneySQ Limited reserves the right of final approval.
2. Each of the individuals who signs and whose personal data are set out in this Application Form (each “individual”) acknowledges and agrees that all personal data and information with respect to such individual which are provided by such individual at the request of MoneySQ Limited or collected in the course of dealings between such individual and MoneySQ Limited (the “Data”) may be held, used, processed and disclosed by MoneySQ Limited for such purposes and to such persons in accordance with MoneySQ Limited’s policies on use and disclosure of personal data including but not limited to MoneySQ Limited's Notice to Customers Relating to the Personal Data (Privacy) Ordinance. Each such individual also acknowledges and agrees that the Data may be disclosed to, or held, used and processed by any debt collection agency, credit reference agency or similar service provider for the purpose of verifying such Data or enabling them to provide such Data to other institutions: (a) in order that they may carry out credit and other status checks; and (b) to assist them to collect debts.
3. I/We acknowledge and agree that:
(a) Subject to sub-paragraph (b) below, any information with respect to me/us which is provided by me/us at the request of MoneySQ Limited or collected in the course of dealings between me/us and MoneySQ Limited may be disclosed to, or used and retained by, any other institution or any debt collection agency, credit reference agency or similar service provider for the purpose of verifying such information or enabling them to provide such information to other institutions:
(i) in order that they may carry out credit and other status checks in respect of me/us;
(ii) for the purposes of reasonable monitoring of any indebtedness while there is a current default by me/us as borrower or guarantor; and/or
(iii) to assist them in collecting debts.
(b) If we are a limited company:
(i) We may by giving MoneySQ Limited 90 days’ notice in writing revoke the consent contained in sub-paragraph (a) above; and
(ii) If we give notice to revoke the consent given pursuant to sub-paragraph (a) in accordance with sub-paragraph (b)(i):
(01) subject to (06) and (07) below, MoneySQ Limited may continue to disclose information pursuant to sub-paragraph (a) until the notice of revocation given pursuant to sub-paragraph (b)(i) expires;
(02) MoneySQ Limited may notify all persons to whom MoneySQ Limited is permitted to disclose information pursuant to sub-paragraph (a) of the fact that a notice of revocation has been given pursuant to sub-paragraph (b)(i);
(03) MoneySQ Limited may regard the notice of revocation served on MoneySQ Limited as also applying to the consent we have previously given in respect of all other credit facilities (including hire purchase or leasing loans) granted to us by MoneySQ Limited;
(04) MoneySQ Limited may terminate all or any part of the Loan and any other facilities provided to us with effect from the date to be advised by MoneySQ Limited, subject to the terms and conditions by which the relevant facilities are governed;
(05) the credit reference agency or similar service provider may continue to retain information provided to it by MoneySQ Limited in its internal archive for its internal use but not for provision of such information to other institutions when they seek credit reports;
(06) MoneySQ Limited may continue to provide information relating to hire purchase and leasing transactions and loans to wholesalers and retailers to finance the acquisition of stock in trade to the credit reference agency or similar service provider notwithstanding revocation of the consent referred to in sub-paragraph (b)(i) above; and
(07) the credit reference agency or similar service provider may continue to provide information relating to hire purchase and leasing transactions and loans to wholesalers and retailers to finance the acquisition of stock in trade and information which is a matter of public record notwithstanding the revocation of the consent referred to in sub-paragraph (b)(i) above.
(c) If I/we am/are a sole proprietorship or partnership, I/we may instruct MoneySQ Limited, upon termination of an account by full repayment without any refinancing from MoneySQ Limited, to make a request to the credit reference agency or similar service provider to delete relevant account data from its database, so long as the instruction is given within 5 years after account termination and at no time did the account have a default in payment for a period in excess of 60 days within 5 years immediately before account termination.
(d) Subject to sub-paragraphs (b) and (c) above, this consent shall remain in effect despite the termination of any of my/our account or borrowing relationship with MoneySQ Limited for a period of five years thereafter; or if later, for the period of five years after the settlement following a payment default of more than sixty days.
(e) This consent is given by me/us, or if we consist of more than one person, by each of such persons severally.
(f) This consent is in addition to and does not affect any agreement or consent contained in any account rules, terms and conditions or other contracts and agreements or documents governing any of my/our account and/or borrowing relationship with MoneySQ Limited.
4. I / We confirm and certify that the information given above in relation to whether or not this credit application was referred by a third party is true and correct in all respects. In addition, I / We confirm the particulars of the third party given above and the amount of fees charged or to be charged by the third party (if any) for referring this loan application to me / us is true and correct in all respects.
5. I / We hereby give my / our consent to and authorize TransUnion Limited to access all or part of my / our consumer credit data which may be held in its database from time to time (“My Credit Data”) and to match all or part of My Credit Data against the information I / We provided and transferred by MoneySQ Limited to TransUnion Limited; and generate questions directly or indirectly from any or all of the information contained in My Credit Data whether on its own or in conjunction with other source of information, collect responses to such questions from me / us and match such responses against any information contained in My Credit Data for the purpose of verifying my / our identity as part of assessment of my / our credit related risks in relation to my / our Loan application and thereafter to process, use and transfer the result of the verification or any data arising therefrom to MoneySQ Limited; and use or process My Credit Data whether on its own or in conjunction with other source of information; and transfer My Credit Data to MoneySQ Limited for the purpose of assessment of my / our credit related risks in relation to my / our Loan application. I / We further acknowledge and agree that the access and use of My Credit Data by TransUnion Limited in the manner described above shall not be made the basis for any complaint, claim, suit, demand or cause of action or other proceedings against TransUnion Limited by me / us.
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Loan Application Declaration and Guidance Notes
Please note that in order to protect your rights, you must read this declaration carefully (“Declaration ”).
Guidance Notes on Loan Application:
Misrepresentation or Fraud
The information and declaration provided by applicant or Borrower on the loan application form will be considered to be the basis of which the loan is advanced. Any misrepresentation or false declaration made by the applicant or Borrower will lead to the termination of the loan applied for or of the related contract. Moreover, if MoneySQ suffers any loss from any misrepresentation or false declaration, MoneySQ reserves the right to recover the loss from applicant or borrower pursuant to, including but not limited to, the Misrepresentation Ordinance (Cap 284).
Declaration of Loan Application
I hereby declare that the statements and particulars given in my application are true and complete to the best of my knowledge and belief. I agree that this contract is based on the content of the loan application form, including but not limited to my statement and declaration, and this loan contract will be effective as specified only after the acceptance of the application by MoneySQ and the signing of the contract. I declare that I have not withheld any material facts from MoneySQ (such as any facts relevant to MoneySQ’s decision whether or not to accept my loan application) and that if I have withheld any material facts, this loan application shall be terminated and/or the signed contract (if any) shall be revoked, and any sums of money which have been advanced to me under the loan application or signed contract (if any) shall be transferred back to MoneySQ. I further declare that I am not subject to any bankruptcy order and I am not in the process of petitioning for bankruptcy nor have I any intention to do so.
I hereby acknowledge and agree that:
The personal data and information provided by me in respect of this application include but are not limited to the following:
The information about the applicant completed on the application form is my personal information including but not limited to my name, identity card number, property information; and
There is no act of forgery, fabrication, or the stealing of another person’s identity and information in the application for this loan; and
I understand that forging identity card information for the purpose of making a loan application is a criminal offence which may contravene Section 18 of the Theft Ordinance (Cap 210), and possessing or stealing another person’s Hong Kong identity card or other identity document and information is also a criminal offence which may contravene Section 7A of the Registration of Persons Ordinance (Cap 177) and will render me liable to be sentenced to imprisonment if convicted of the offence.
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