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    Bonus Loan Application

    Uploaded by

    Augieray D. Mercado
    This document is an application for a bonus loan from the Weather Bureau Credit Cooperative (WBCC). It requires applicants to have at least 10 days of leave credit and be current on any existing loan payments. The applicant is applying for a loan of a specified amount to be paid back over a specified number of months at an interest rate of 2% per month and 1% service fee. Repayment will be deducted from the applicant's year-end bonus. A promissory note is also included to pledge deposits and payments as security for the loan.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    Bonus Loan Application

    Uploaded by

    Augieray D. Mercado
    145 views1 page
    This document is an application for a bonus loan from the Weather Bureau Credit Cooperative (WBCC). It requires applicants to have at least 10 days of leave credit and be current on any existing loan payments. The applicant is applying for a loan of a specified amount to be paid back over a specified number of months at an interest rate of 2% per month and 1% service fee. Repayment will be deducted from the applicant's year-end bonus. A promissory note is also included to pledge deposits and payments as security for the loan.

    Original Title

    BONUS-LOAN-APPLICATION

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    This document is an application for a bonus loan from the Weather Bureau Credit Cooperative (WBCC). It requires applicants to have at least 10 days of leave credit and be current on any existing loan payments. The applicant is applying for a loan of a specified amount to be paid back over a specified number of months at an interest rate of 2% per month and 1% service fee. Repayment will be deducted from the applicant's year-end bonus. A promissory note is also included to pledge deposits and payments as security for the loan.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    145 views1 page

    Bonus Loan Application

    Uploaded by

    Augieray D. Mercado
    This document is an application for a bonus loan from the Weather Bureau Credit Cooperative (WBCC). It requires applicants to have at least 10 days of leave credit and be current on any existing loan payments. The applicant is applying for a loan of a specified amount to be paid back over a specified number of months at an interest rate of 2% per month and 1% service fee. Repayment will be deducted from the applicant's year-end bonus. A promissory note is also included to pledge deposits and payments as security for the loan.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 1

    Rev.

    08-01-2012

    WEATHER BUREAU CREDIT COOPERATIVE(WBCC)


    Science Garden Complex, Agham Road, Diliman Q.C.
    Registration/Confirmation No. 1209
    TIN No. 200-941-205-000
    Tel./Fax 434-3027

    APPLICATION FOR BONUS LOAN

    REQUIREMENTS:

    1. Must have at least ten(10) days of leave credit;


    2. Must not have default in payment of his/her loan installments;

    DATE________________

    I hereby apply for a loan of ___________________________________________________ ₱ ___________________


    with 2% interest per month and 1% service fee, payable for a period of ______months.

    I also hereby authorized the Treasurer, WBMPC and/or the disbursing/collecting officer of PAGASA to deduct from my
    year-end BONUS the amount that may be granted by virtue of this application.

    PROMISORY NOTE

    I/We, the undersigned hereby pledge all deposits and payments on deposits which I/We now have or hereafter may have
    in this Cooperative as security for the loan payable for the Weather Bureau Credit Cooperative. This pledge is given to
    secure payment of the above described loan and interest, fines, costs or expenses that may accrue thereof and I/We
    hereby authorized the Credit Cooperative to apply any or all such deposits and payments on deposits to the payment of
    said loan and interests, fine, costs, or expenses.

    ____________________________________ ____________________________________
    SIGNATURE OVER PRINTED NAME CO-MAKER
    ______________________________________________________________________________________________

    CERTIFICATION OF YEAR-END BONUS AND LEAVE CREDITS

    This to certify that the above-named borrower has a total of ₱ _________________as his/her 20__ mid-year-end bonus,
    and total leave credits of ______________________.

    HRMS: __________________________
    ______________________________________________________________________________________________

    COMPUTATION SHEET:
    AMOUNT OF LOAN ₱____________
    LESS: SERVICE FEE ₱ ____________
    INTEREST ____________
    OTHERS P LOAN ____________
    E LOAN ____________
    M LOAN ____________
    EA LOAN ____________
    PETTY CASH ____________
    FINES ____________
    BANK CHARGE ____________ ____________
    NET AMOUNT DUE ₱____________

    I = P _____________ X 2% X ____________ = ₱____________


    PRINCIPAL INTEREST MONTHS
    ______________________________________________________________________________________
    COMPUTED BY: CERTIFIED CORRECT: VERIFIED CORRECT:

    ________________________ ________________________ ________________________


    Loan Officer Credit and Collection Officer Audit Committee

    Application No. ___________

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