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    Loan Agreement: Thousand Pesos Php25,000, Is Due and Payable in Two (2 Months) Which Shall Commence One Month

    Uploaded by

    Natalie Abaño
    This loan agreement is between a borrower, guarantor, and lender. The borrower is receiving a loan of PHP 25,000 from the lender to be repaid in two monthly installments starting one month after the release of funds. The guarantor guarantees repayment of the loan. If the borrower fails to make a payment, a late fee of PHP 250 per day will be charged. The borrower and guarantor are jointly liable for repayment under the terms of this agreement.

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    © All Rights Reserved
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    Loan Agreement: Thousand Pesos Php25,000, Is Due and Payable in Two (2 Months) Which Shall Commence One Month

    Uploaded by

    Natalie Abaño
    1K views2 pages
    This loan agreement is between a borrower, guarantor, and lender. The borrower is receiving a loan of PHP 25,000 from the lender to be repaid in two monthly installments starting one month after the release of funds. The guarantor guarantees repayment of the loan. If the borrower fails to make a payment, a late fee of PHP 250 per day will be charged. The borrower and guarantor are jointly liable for repayment under the terms of this agreement.

    Original Description:

    small loans agreement

    Original Title

    Loan-Agreement_with-interest

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    This loan agreement is between a borrower, guarantor, and lender. The borrower is receiving a loan of PHP 25,000 from the lender to be repaid in two monthly installments starting one month after the release of funds. The guarantor guarantees repayment of the loan. If the borrower fails to make a payment, a late fee of PHP 250 per day will be charged. The borrower and guarantor are jointly liable for repayment under the terms of this agreement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    1K views2 pages

    Loan Agreement: Thousand Pesos Php25,000, Is Due and Payable in Two (2 Months) Which Shall Commence One Month

    Uploaded by

    Natalie Abaño
    This loan agreement is between a borrower, guarantor, and lender. The borrower is receiving a loan of PHP 25,000 from the lender to be repaid in two monthly installments starting one month after the release of funds. The guarantor guarantees repayment of the loan. If the borrower fails to make a payment, a late fee of PHP 250 per day will be charged. The borrower and guarantor are jointly liable for repayment under the terms of this agreement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    LOAN AGREEMENT

    This Loan Agreement (this “Agreement”), is made as of this ______ day of _______________, 20______
    (the “Effective Date”) by and among/between:

    Borrower: _______________________________, with residence address at _______________


    _________________________________________ ("Borrower"), and

    Lender:ABANO, NATALIE MALASAGA, with residence address at Block 2 Lot 17, San Luis Villa, Habay
    1, Bacoor City, Cavite (“Lender”).

    The parties agree as follows:

    1. Loan Amount and Terms. The Loan amount together with interest amounting to Twenty Five
    Thousand Pesos Php25,000, is due and payable in Two (2 Months) which shall commence one month
    after the release of loan and every month thereof, until completion of payment on the 2 nd month.

    2. Payment Details.
    Bank of The Philippine Islands (BPI)
    Account name: NATALIE ABANO
    Account number : 4019 2065 35

    4. Guaranty.

    The guarantor is ________________________ with residence address at _____________________


    (“Guarantor”) promises to unconditionally guarantee to Lender, the full payment and performance by
    Borrower of all duties and obligations arising under this Agreement. Guarantor agrees that this guaranty
    shall remain in full force and effect and be binding on Guarantor until this Agreement is satisfied.

    5. Late Fee/Penalty. 

    If Borrower fails to make a payment due under this Agreement, borrower agrees to pay to Lender a late
    payment fee of Three Hundred Pesos (Php250.00) everyday of delay.

    6. Liability.  The obligation of Borrower and Guarantor shall be Solidary under this Agreement. 
    7. Notices. Any notice or communication under this Loan must be in writing and sent via sms provided by
    the borrower:
    Borrower’s Mobile number : _____________
    Guarantor’s Mobile number: ________________

    8. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of
    the Republic of the Philippines.

    IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first stated above.

    SIGNATURES

    Borrower Signature Borrower Full Name

    Grantor Signature Grantor Full Name

    Lender Signature Lender Full Name

    Notary Public

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