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Date: Feb. 2, 2023, 10:19 p.m.

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Date: 2023-02-03 08:49:40.000000

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Date: 2023-03-23 16:11:50.000000

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Unreasonable penalty and interest computation of Money cat

Published by Securities and Exchange Commission(SEC) on Feb. 2, 2023.
Requested from SEC by J. Avila at 10:19 PM on Feb. 2, 2023.
Purpose: To stop illegal loan app
Date of Coverage: 01/31/2023 - 02/02/2023
Tracking no: #SEC-088009242111

M.LUMIIB Feb. 2, 2023, 10:19 p.m.

I would like to request for the closure of Moneycat because of their unreasonable interest and penalty. 1. I had a loan in Money cat last December, I chose the amount and loan terms for my loan however when they sent the money it wasn't the right amount .I chose 15000 php for 28 days but after they sent I saw that it changed. The amount received was 6500 and loan term is just 14 days. For that 6500 have to pay 8593 in 14 days which is too high. If only they confirm first before they sent the money i might not get it because it wasn't the right amount.

I.GONZALES Feb. 3, 2023, 8:49 a.m.

February 3, 2023 Dear Monalie, Thank you for your request dated Feb 02, 2023 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Unreasonable penalty and interest computation of Money cat. We received your request on Feb 02, 2023 and will respond on or before Feb 23, 2023 10:19:44 PM, in accordance with the Executive Order's implementing rules and regulations. Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy0wODgwMDkyNDIxMTEM, for request with ticket number #SEC-088009242111. Thank you. Respectfully, Isma Gonzales FOI Officer

A.ERMITAÑO March 23, 2023, 4:11 p.m.

March 23, 2023 Dear Monalie Lumiib, Greetings! Thank you for your request dated Feb 02, 2023 10:19:44 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request You asked for closure of Moneycat due to unreasonable penalty and interest computation. Response to Request To find out more about the specifics of your complaint, you may file a formal complaint with us by following the instructions below: 1. To File a Formal Complaint Against a Lending or Financing Company Kindly follow this link: http://www.sec.gov.ph/lending-companies-and-financing-companies/complaints/. Please read and follow the instructions carefully to avoid the outright dismissal of your complaint. In sending the complaint form to [email protected] via e-mail, kindly use the following format in the subject head of the e-mail: COMPLETE NAME _RESPONDENT COMPANY _ SUBJECT OF COMPLAINT (ex: JUAN DELA CRUZ_ABC LENDING_DISCLOSURE STATEMENT VIOLATION). 2. To verify Lending Companies, Financing Companies and Online Lending Platforms For a list of registered lending and financing companies, follow these links: a. Registered Lending Companies https://www.sec.gov.ph/lending-companies-and-financing-companies-2/list-of-lending-companies-2/ b. Registered Financing Companies http://www.sec.gov.ph/lending-companies-and-financing-companies/list-of-financing-companies/ For a list of recorded online lending platforms of lending and financing companies, please refer to this link: https://www.sec.gov.ph/lending-companies-and-financing-companies-2/list-of-recorded-online-lending-platforms/ 3. For more information on Lending and Financing Companies For more information on lending and financing companies, kindly follow this link: https://www.sec.gov.ph/lending-companies-and-financing-companies-2/lending-companies-and-financing-companies/. Thank you for your time and effort in assisting the Commission in our mandate to regulate and supervise lending and financing companies. Your right to request a review If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to the Commission Secretary at [email protected]. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request. If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011). Thank you. Respectfully, Asst. Director Nolivienne Ermitaño FOI Receiving Officer

A.ERMITAÑO March 23, 2023, 4:20 p.m.

March 23, 2023 Dear Monalie Lumiib, Greetings! Thank you for your request dated Feb 02, 2023 10:19:44 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request You asked for closure of Moneycat due to its unreasonable penalty and interest computation. Response to Request To find out more about the specifics of your complaint, you may file a formal complaint with us by following the instructions below: 1. To File a Formal Complaint Against a Lending or Financing Company Kindly follow this link: http://www.sec.gov.ph/lending-companies-and-financing-companies/complaints/. Please read and follow the instructions carefully to avoid the outright dismissal of your complaint. In sending the complaint form to [email protected] via e-mail, kindly use the following format in the subject head of the e-mail: COMPLETE NAME _RESPONDENT COMPANY _ SUBJECT OF COMPLAINT (ex: JUAN DELA CRUZ_ABC LENDING_DISCLOSURE STATEMENT VIOLATION). 2. To verify Lending Companies, Financing Companies and Online Lending Platforms For a list of registered lending and financing companies, follow these links: a. Registered Lending Companies https://www.sec.gov.ph/lending-companies-and-financing-companies-2/list-of-lending-companies-2/ b. Registered Financing Companies http://www.sec.gov.ph/lending-companies-and-financing-companies/list-of-financing-companies/ For a list of recorded online lending platforms of lending and financing companies, please refer to this link: https://www.sec.gov.ph/lending-companies-and-financing-companies-2/list-of-recorded-online-lending-platforms/ 3. For more information on Lending and Financing Companies For more information on lending and financing companies, kindly follow this link: https://www.sec.gov.ph/lending-companies-and-financing-companies-2/lending-companies-and-financing-companies/. Thank you for your time and effort in assisting the Commission in our mandate to regulate and supervise lending and financing companies. Your right to request a review If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to the Commission Secretary at [email protected]. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request. If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011). Thank you. Respectfully, Asst. Director Nolivienne Ermitaño FOI Receiving Officer

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