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Sample of Loan Agreement Philippines

This loan agreement is between NAME OF BORROWER and NAME OF LENDER. It takes effect on EFFECTIVITY DATE. The Borrower promises to pay back the Lender AMOUNT OF LOAN over a period of __________, with interest of AMOUNT OF INTEREST due by __________. Payments will be made in cash directly to the Lender. The agreement can only be modified in writing and signed by both parties, and its loss does not void the agreement.

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190K views2 pages

Sample of Loan Agreement Philippines

This loan agreement is between NAME OF BORROWER and NAME OF LENDER. It takes effect on EFFECTIVITY DATE. The Borrower promises to pay back the Lender AMOUNT OF LOAN over a period of __________, with interest of AMOUNT OF INTEREST due by __________. Payments will be made in cash directly to the Lender. The agreement can only be modified in writing and signed by both parties, and its loss does not void the agreement.

Uploaded by

Hannah Finuliar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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LOAN AGREEMENT

I. Parties

This Loan Agreement (“Agreement”)entered into by and between:

NAME OF BORROWER, of legal age, STATUS OF BORROWER, Filipino citizen and with
residence and postal address at ADDRESS OF BORROWER, hereafter called the “Borrower”,

and

NAME OF LENDER, of legal age, STATUS OF LENDER, Filipino citizen and with residence and
postal address at ADDRESS OF LENDER, hereafter called the “Lender”.

II. Effectivity

This Agreement is effective EFFECTIVITY DATE.

III. Period of Loan

This loan shall be payable for a period of ____________, due on or before __________.

IV. Loan Amount

The Borrower promises to pay the Lender AMOUNT OF LOAN

V. Interest

The Borrower agrees to pay an interest with a fixed amount of AMOUNT OF INTEREST the interest
payment shall be payable on or before _____________ together with the Principal amount.

VII. Method of Loan Payment

The Borrower shall make all payments called for under this loan agreement by CASH personally
served to the Lender.

VIII. Non-waiver of right

The failure of either Party to enforce any provision of this Agreement shall not be construed as a
waiver or limitation of any parties right to subsequently enforce and compel strict compliance with
every provision of this Agreement.
IX. Modification

This agreement may be modified, superseded, or amended only upon the written and signed
agreement of both parties. Further, the physical destruction or loss of this document shall not be
construed as a modification or termination of the agreement contained herein.

IN WITNESS WHEREOF, the parties have set their hands this _______________ at _________________

NAME OF LENDER
Lender

NAME OF BORROWER
Borrower

Signed in the presence of:

_________________________ _________________

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