The SIA JEFF Group (consisting of SIA Jeff, and their affiliates and subsidiaries --- the members of the SIA JEFF Group may be accessed at finmerkado.ph) is committed to protecting your privacy as our client, and even as a visitor to this website.
As your trusted partner, the confidentiality of your information remains a top priority. We shall exert all reasonable efforts to protect it against unauthorized use or disclosure.
How we collect information
We may manually or automatically collect personal data when you:
Types of personal data that we may collect:
(each item above, and collectively, hereinafter referred to as “Personal Data”)
Disclosure of Information
a. In compliance with the Data Privacy Act, Client hereby agrees to give their true, correct information and consents to the gathering, processing, verification, and use of their Personal Data or information in their use of the Application, and to implement, grant, monitor, and enforce the Terms and Conditions and/or the terms under the Application. Client agrees to waive the confidentially of their Personal Data or information to process their compatibility with various loan offers provided by Lenders and Financial Service Providers in Client’s use of the Application and to be used in any market research or study of SIA JEFF Group. Client also agrees to treat as confidential information any information of SIA JEFF Group obtained during the course of their use of website and/or the Application, including but without limitation, the identity, loan products, and services offered by the Lenders and Financial Service Providers, as well as any information pertaining to SIA JEFF Group, its business, its operations, its processes, its affiliates, SIA JEFF Group’s and its affiliates’ shareholders, directors, officers, employees, advisors, and agents. Client hereby undertakes to hold all confidential information in strict confidence, and not directly or indirectly disclose or permit to be disclosed any confidential information to any other person or entity.
How your Personal Data may be used, stored, and shared
Your Personal Data may be used, stored, processed, shared and disclosed by the SIA JEFF Group to its members, as well as third parties (as may be necessary and allowed by law):
i. To support us in delivering our services and products to you, including sharing your Personal Data with banks, lenders, and other financial service providers engaged in consumer lending (each a “Lender” or “Financial Service Provider”, as may be listed in the Application and updated from time to time) for:
(a) their verification and evaluation;
(b) assisting in the purchase of services from the Lenders or Financial Service Providers;
(c) provision of product information and related offers about the products and services of Lenders or Financial Service Providers.
ii. To comply with existing laws, rules, and legal processes;
iii. To implement our policies and terms of use or such other applicable policies with respect to the products and services that we provide;
iv. To address fraud, security, or technical issues;
v. To protect our rights, interests, property or security, and that of our clients and third parties.
Emails will not be used to collect Personal Data
Emails are not entirely safe. We will not use this Application to obtain confidential information from you such as your account numbers, passwords, and credit card numbers.
Automation Process and Security
Data Encryption: To safeguard your personal and financial information, our website employs state-of-the-art Secure Sockets Layer (SSL)/Transport Layer Security (TLS) encryption technology. This ensures that all data transmitted between your device and our servers is protected against unauthorized access.
Secure Data Processing: We utilize automated systems and decision-making algorithms to offer you the most efficient and accurate financial services. These systems are designed with your privacy in mind, operating under stringent data protection and confidentiality statutes. The algorithms are regularly updated to maintain accuracy and effectiveness, and we are transparent about their use in our operations.
Access Control: Our commitment to data security includes rigorous access controls. We ensure that only authorized personnel have access to your personal information, and we employ two-factor authentication and strict permissions protocols to maintain the integrity of our data management systems.
Data Integrity: We strive to keep your personal information accurate, complete, and up to date. If at any point you need to correct or update your information, our customer service team is readily available to assist you.
Regular Security Audits: To continually fortify our defenses, we engage with reputable third-party security experts to conduct thorough audits of our website and systems. These audits help us to preemptively identify and rectify potential security vulnerabilities.
How long your data is stored with SIA JEFF Group; Destruction Policy
We have put in place appropriate physical, organizational, and technical controls to maintain the confidentiality, integrity, and availability of your personal data.
Your personal data will be stored in a database for no longer than twenty (20) years either from your last transaction with any member of the SIA JEFF Group or until the expiration of the retention limits set by applicable law, whichever comes later. After this duration, both physical records and digital files, if any, will be disposed.
Data Retention: Your personal data is kept for no longer than necessary to provide you with our services and to comply with legal obligations.
Destruction Methods: Upon expiration of the retention period, personal data is securely purged from our databases using data deletion methods that preclude future recovery.
We are committed to safeguarding your information and upholding data protection principles.
Your rights under applicable laws
Subject to the requirements, conditions and exemptions under the applicable law and Republic Act No. 10173, as amended, (the “Data Privacy Act”),you are entitled to the following rights:
i. the sources from which they were obtained;
ii. the manner by which such data were processed;
iii. the reasons for the disclosure of your Personal Data to recipients, including the names and addresses of recipients thereof;
iv. the information on automated processes where the data will or likely to be made as the sole basis for any decision significantly affecting or will affect you;
v. the date when your Personal Data was last accessed and modified;
For a complete reference of your rights under the Data Privacy Act, you may access the National Privacy Commission website at www.privacy.gov.ph.
Changes to our Terms and Conditions and Data Privacy Statement
We may modify these Terms and Conditions from time to time to align with relevant laws and regulations and the SIA JEFF Group’s policies and procedures as applicable. All updates will be posted by on the website.
Contact the Data Protection Officer
Inquiries, clarifications, or requests in relation to these Terms and Conditions and the Data Privacy Statement may be addressed to the relevant member of the SIA JEFF Group’s Data Protection Officer at info@jeff-app.com.
Updated as of 01.11.2023.
finmerkado.ph is not a loan provider and does not issue loans from its own account. finmerkado..ph 's service helps to evaluate verified/trusted lenders in real time with diversified financial products, flexible repayment from 91 to 180 days with minimum APR interest rate of 0% and up to 427%. For example, you apply for PHP 20,000 and choose repayment over 6 months, your monthly payment will be only PHP 5,000 per month, your total cost of the loan will be PHP 2,383 per month (APR = 143%). finmerkado will not charge for using our service. The exact cost of each loan depends on the individual application. You will always receive complete accurate information about the APR and all fees before signing a loan agreement.
© SIA JEFF, registered in the Republic of Latvia with business number 43603085405
