Loan Terms and Conditions

Effective date: March 20, 2025

These Loan Terms and Conditions (“Agreement”) constitute the loan agreement between you (the “Borrower”) and Cebuana Lhuillier Finance Corporation (“CLFC” or the “Lender”), a financing company duly organized and existing under the laws of the Philippines, with principal office at [Insert Address], and duly issued Certificate of Authority No. 1094by the Securities and Exchange Commission.

By proceeding with this application, you acknowledge that you have read, understood, and agreed to be bound by these Agreement and the terms of the Disclosure Statement (collectively, the “Agreement”).

1. APPLICATION AND BORROWER VERIFICATION PROCESS

  • 1.1
    The Borrower undertakes to complete all necessary application procedures for the processing, approval, and release of the loan. This includes, but is not limited to, submitting all required documents, complying with the Lender’s verification and due diligence requirements, and executing any agreements or instruments as may be required. The Borrower further agrees to fully cooperate with the Lender by providing any additional information or clarification necessary to facilitate the timely completion of the loan application process.
  • 1.2
    The Borrower certifies that all information provided in the loan application is true, accurate, and complete as of the date of submission.
  • 1.3

    The Borrower acknowledges and agrees that any false statement, misrepresentation, or omission of material information in the loan application shall entitle the Lender, at its sole discretion, to:

    a.) Reject the loan application.
    b.) Cancel any prior approval of the loan application; or
    c.) Demand immediate full repayment of the loan, including all applicable interest, penalties, and charges, if the loan has already been disbursed.

    Any processing fee paid in connection with the loan application shall be non-refundable in the event of rejection, cancellation, or demand for repayment under this provision.

  • 1.4

    The Borrower acknowledges and agrees that any false statement, misrepresentation, or omission of material information in the loan application shall entitle the Lender, at its sole discretion, to:

    a.) Reject the loan application.
    b.) Cancel any prior approval of the loan application; or
    c.) Demand immediate full repayment of the loan, including all applicable interest, penalties, and charges, if the loan has already been disbursed.

    Any processing fee paid in connection with the loan application shall be non-refundable in the event of rejection, cancellation, or demand for repayment under this provision.

  • 1.5
    The Borrower expressly consents and agrees that the Lender may send notifications via short messaging services (SMS), mobile calls, and/or email alerts/messages to confirm the loan application, verify information related to the loan application, loan application status, or for any other purpose concerning the loan application.
  • 1.6
    The Borrower acknowledges that the Lender has the right, at its sole discretion, to reject the loan application, cancel any prior approval, or declare the loan immediately due and demandable if the Borrower fails to respond to verification messages and/or provide the necessary confirmation within the period specified in the Lender’s communication. The Borrower further agrees that any processing fees paid in connection with the loan application shall be non-refundable in the event of rejection, cancellation, or demand for repayment under this provision.
  • 1.7
    The Borrower acknowledges that the Lender reserves the exclusive right to approve or reject the loan application based on, but not limited to, the results of the Borrower’s credit scoring assessment, verification procedures, and credit investigation conducted by the Lender or its authorized third-party partners.
  • 1.8
    The Borrower agrees that the Lender may require periodic updates of the Borrower’s Know-Your-Customer (KYC) information in compliance with applicable laws and regulatory requirements. The Borrower undertakes to provide the necessary and accurate information as requested by the Lender.
  • 1.9

    The Borrower hereby releases and holds the Lender, its officers, employees, agents, and representatives free and harmless from any claims, demands, actions, or liabilities of any nature arising from or in connection with:

    1. The loan application process;
    2. The verification process;
    3. The disclosure of information related to the loan application;
    4. These Terms & Conditions; or
    5. Any acts directly or indirectly related to the foregoing.

    This indemnity shall not apply to claims, demands, or liabilities arising solely from the Lender’s gross negligence, willful misconduct, or fraud.

2. LOAN PROVISION AND TERMS
  • 2.1
    “Loan” under this Agreement shall refer to the amount borrowed by the Borrower from the Lender, which includes the principal amount, interest, fees, and other applicable charges as stipulated in this Agreement.
  • 2.2
    The Borrower acknowledges that the Lender provides the Loan based on the Borrower’s credit score and other internal credit assessment parameters.
  • 2.3
    The Loan amount and duration are based on the Borrower’s selection from the available options provided by the Lender. However, the final terms are subject to adjustments based on the results of the Lender’s verification process.
  • 2.4

    The Borrower agrees to be bound by and to comply with the terms stated in the Disclosure Statement, which shall contain, among others, the following details:

    1. Borrower’s personal information;
    2. Loan details;
    3. Loan purpose;
    4. Loan proceeds;
    5. Schedule of payments;
    6. Interest rates;
    7. Late payment fees; and
    8. Any other applicable fees and charges related to the Loan.

  • 2.5

    The Borrower agrees that the total amount payable under the Disclosure Statement, including any other fees and charges imposed or mandated by government agencies, shall be fully borne by the Borrower.
  • 2.6
    The Borrower acknowledges that fees, interest rates, and other applicable charges may be subject to change from time to time at CLFC’s discretion or in accordance with applicable laws and regulations. The Lender shall notify the Borrower of such changes via written or electronic means, including but not limited to letters, SMS, WhatsApp messages, emails, and push notifications.
  • 2.7
    The Borrower agrees to the terms and conditions of the insurance coverage included as part of the Loan Package, if applicable.
  • 2.8

    The Borrower acknowledges that the details specified in the Disclosure Statement may be adjusted by the Lender due to changes mandated by applicable laws, rules, or regulations, or at the Lender’s discretion in accordance with its internal policies. In case of any adjustment, the Lender shall provide the Borrower with written notice specifying the modifications. The Borrower shall have the option to either:

    1. Accept the adjustments as binding; or
    2. Fully settle the Loan, including all applicable fees, interest, late payment fees, and other charges, within thirty (30) days from receipt of the adjustment notice.

    Failure to contest the adjustments within the prescribed period shall be deemed as the Borrower’s acceptance of the revised terms.

3. LOAN DISBURSEMENT
  • 3.1

    The Loan proceeds are released to the Borrower through the following Disbursement Channels, as selected by the Borrower:

    1. Cebuana Lhuillier Branch (Over-the-Counter)
    2. Cebuana Lhuillier Micro Savings Account
    3. GCash
    4. Maya

  • 3.2

    The Borrower acknowledges that the Loan proceeds, or any portion thereof, are deemed availed on the date they are credited to the Borrower’s chosen Disbursement Channel.If the Borrower does not submit a written complaint to the Lender within one (1) business day from the time the Loan proceeds are credited, the Borrower is deemed to have:

    1. Received the full and correct Loan amount; and
    2. Fully acknowledged and accepted all the terms, conditions, and details specified in the Disclosure Statement.

  • 3.3

    The Lender reserves the right to cancel and recall an approved Loan under the following circumstances:

    1. Failed Disbursement: If the Loan cannot be fully credited to the Borrower’s nominated Disbursement Channel for any reason without fault or negligence of the Lender, the Lender may cancel and recall the Loan. If a portion of the Loan has already been successfully disbursed, the Borrower remains liable for the corresponding amount due, including applicable interest, fees, and charges, in accordance with this Agreement.
    2. Suspected Malicious Intent: If the Lender has reasonable grounds to believe that the Loan application or disbursement is associated with fraud, deception, any malicious intent, or violation of any laws, rules and regulations, the Lender may immediately cancel and recall the Loan, without prejudice to any legal remedies available under applicable laws.
4. LOAN REPAYMENT
  • 4.1

    Payment Due Reminders and Billing Information. The Borrower agrees to receive a payment due reminder via email or SMS before the due date of each installment. The billing details will provide the following information:

    1. Billing period;
    2. Principal amount;
    3. Interest;
    4. Fees and charges;
    5. Outstanding balance; and
    6. Total billed amount.
  • 4.2
    Payment Channels. The Borrower shall settle all amounts due through any Cebuana Lhuillier Branches or other payment channels as may be designated by the Lender.
  • 4.3

    Late Payment and Additional Charges. If the Borrower fails to make payment on the due date, a late payment fee at the rate specified in the Disclosure Statement shall be applied. This late payment fee accrues on each unpaid installment from the due date until fully paid.

    In addition to the late payment fee, the Borrower agrees to reimburse all costs and expenses incurred by the Lender due to the late payment, including but not limited to collection costs, legal fees, and other administrative expenses.

  • 4.4

    Payment Application Order. All payments made by the Borrower are applied to any outstanding balance in the following order of priority:

    1. Overdue interest;
    2. Overdue principal;
    3. Penalties and charges;
    4. Due interest;
    5. Due principal; and
    6. Other payments as required under applicable laws, rules, and regulations.
  • 4.5

    Overpayment Policy. In case of overpayment, the following rules shall apply:

    1. For accounts with remaining amortizations: Any excess payment is retained by the Lender as a deposit and applied to the next installment due.
    2. For final payment: Any excess payment is retained by the Lender without the account incurring interest.
    3. For overpayment of PHP 150 and above: The Borrower may claim the excess amount through any Cebuana Lhuillier Branchseven (7) business days after the overpayment.
    4. For overpayment of PHP 149 and below: The excess amount is reflected as a credit in the Borrower’s account and shall be part of the loan proceeds if the Borrower avails of a re-loan.
    5. For inactive accounts (no transactions for three (3) months): Any overpayment is forfeited.
    6. Partial payments: Acceptance of partial payments shall not be construed as a waiver, extension, or novation of the Borrower’s obligations under this Agreement.
    7. Account Freezing Due to Late Payment: The Borrower acknowledges and agrees that the Lender may freeze the Borrower’s account in the event of late payment.

5. DEFAULT AND REMEDIES

  • 5.1

    Events of Default. The Borrower shall be considered in default if any of the following events occur:

    1. Non-Payment: The Borrower fails to fully pay any monthly amortization, accrued interest, charges, or any other amount due under this Agreement on the specified due date.
    2. Misrepresentation: Any representation or warranty made by the Borrower proves to be untrue, false, or misleading in any material respect.
    3. Falsified or Incorrect Information: Any information or documents provided by the Borrower under loan application and/or this Agreement are determined to be false, misleading, or incorrect, or have ceased to be true and accurate as of the date they were submitted.
    4. Insolvency or Adverse Financial Condition: The Borrower becomes insolvent, makes a general assignment for the benefit of creditors, or any other event, condition, or occurrence arises that, in the Lender’s reasonable determination, adversely affects the Lender’s ability to collect the Loan.
  • 5.2

    Consequences of Default: If an event of default occurs, the Lender reserves the right to unilaterally cancel this Agreement and immediately demand full payment of:

    1. The entire unpaid principal balance of all existing loans of the Borrower with the Lender;
    2. All accrued interest; and
    3. Any penalties, fees, and other charges.

    Such cancellation and demand shall take effect immediately, without the necessity of formal demand, protest, or any further act or notice from the Lender.

  • 5.3

    Remedies in case of Default. In the event of default, the Borrower expressly consents to the following:

    1. Reporting of Default to Credit Agencies and Related Entities: the Lender may report the Borrower’s default status to the Lender’s affiliates and subsidiaries;
    2. Additionally, CLFC may report the default to Authorized Entities, including but not limited to:
      1. Bureau of Internal Revenue (BIR)
      2. Any credit information bureau, banking or credit industry association, credit information service provider, or credit/loan provider
      3. Credit Information Corporation (CIC)
      4. Bankers Association of the Philippines
      5. Other credit reporting agencies duly accredited by the CIC

      Upon reporting, the Borrower’s name and account will be included in the negative listings of the Lender, its affiliates or subsidiaries, and other authorized entities.

    3. Engagement of Collection Agencies: The Lender may appoint or designate a representative, agent, attorney-in-fact, or third-party collection agency to perform all necessary actions to enforce its rights under this Agreement. The Lender shall provide prior notice to the Borrower in case the Borrower’s loan account is referred to a collection agency.
6. CREDIT INFORMATION SYSTEM ACT
  • 6.1
    Pursuant to Republic Act No. 9510 or the Credit Information System Act (CISA) and its implementing rules and regulations, the Lender is mandated to submit the Borrower’s basic credit data, as defined under the law, along with any regular updates or corrections, to the Credit Information Corporation (CIC) for consolidation and disclosure, as authorized by the CIC
  • 6.2
    The Borrower expressly agrees and consents to the sharing of his/her credit data with other entities that are authorized or accredited by the CICfor the purpose of assessing and establishing the Borrower’s creditworthiness.

7. REPRESENTATIONS AND WARRANTIES

The Borrower hereby represents and warrants:

  • 7.1
    The Borrower is of legal age, is of sound mind, does not have any criminal record, and possesses full capacity to enter into, and freely and voluntarily enters into this loan agreement with the Lender.
  • 7.2
    There is/are no pending or threatened actions before any court or governmental agency of any jurisdiction, which will materially affect the Borrower’s financial condition or capacity;
  • 7.3
    All the information provided by Borrower to the Lender is true and correct, and the Borrower shall inform the Lender of any changes there to within seven (7) days after any changes occur. For this purpose, the Borrower hereby authorizes the Lender to collect, use, process, disclose, exchange, and store his/her personal information to facilitate the transaction contemplated by this Agreement. For the Personal Information of other individuals provided by the Borrower, the Borrower represents and warrants that he/she is authorized to disclose and consent, on their behalf, to the processing of such Personal Information for the purpose of verification, collection of the loan obligation, or for other purposes for which the Borrower’s consent has been sought and obtained, as well as those stated in the Data Privacy Statement/ Policy of the Lender;
  • 7.4
    The Borrower does not have any arrears in the payment of taxes which will materially affect the fulfillment of the Borrower's obligations to the Lender and the exercise of the Lender's rights under the Agreement.
  • 7.5
    No laws, regulations, statutes, decisions of the court or administrative bodies, or other agreements and/or documents binding on the Borrower or binding on the Borrower's assets which are violated by the execution of this Agreement by the Borrower, and the Borrower is not in a dispute that may affect the validity of this Agreement, affect the implementation of this Agreement or affect the financial condition or business of the Borrower or may interfere with its ability to perform its obligations under this Agreement.
  • 7.6
    The Borrower has read and understood and has received the necessary advice regarding the implementation of the provisions of this Agreement.
  • 7.7
    The Borrower is not directly or indirectly involved with terrorist networks, criminal organizations, money laundering syndicates, human trafficking syndicates, narcotics and drug cartels, organizations for smuggling of illegal goods and similar organizations in national and/or international level.
  • 7.8
    The consent and the usage of electronic signatures by the Borrower in this Agreement, if required, and all documents forming apart there to is valid, true, in accordance with prevailing laws and may be used as valid evidence in a Court in the event of a dispute between the Lender and the Borrower.
  • 7.9
    The Borrower shall indemnify the Lender from any liability in respect of any risks, damages, costs, penalties and/or interest resulting from or related to the event of default or violation of this Agreement by the Borrower.
  • 7.10
    The representations and warranties set out in this article shall be deemed repeated at all times up to the full payment of the Borrower's repayment obligations.
  • 7.11
    Any documents or agreements to be executed pursuant to this Agreement and/or the loan application have been duly and validly authorized, executed and delivered by the Borrower and will be legal, valid, binding and enforceable against the Borrower in accordance with its terms;
8. ACCEPTANCE
  • 8.1
    The Borrower expressly agrees and consents to receive this Agreement, including its Annexes—such as the Disclosure Statement of Loan/Credit Transaction, Schedule of Payment, and any other agreements or documents executed between the Lender and the Borrower—through electronic means.
  • 8.2
    The Borrower acknowledges and expressly agrees that receipt of this Agreement including its Annex/es through email or any other electronic format shall be deemed as sufficient notice and constitutes a valid consent and electronic signature under Republic Act No. 8792, or “The Electronic Commerce Act of 2000”, along with its Implementing Rules and Regulations, amendments, and any subsequent issuances.
9. DISCLOSURE OF INFORMATION
  • 9.1

    The Borrower understands, authorizes, and consents to the Lender and its affiliates, and Authorized Entities to collect, process, use, store, record, organize, and update the Borrower’s personal information necessary or incidental to the loan application. The Borrower’s personal information enumerated below (“Personal Information”), shall be collected and processed for compliance with the Know-Your-Customer (KYC) and anti-money laundering and terrorist financing laws, rules, and regulations, credit investigation, credit scoring, debt collection, fraud investigation, product and systems development, data analytics, profiling, sales, and marketing activities and communications relating to the Lender and its affiliated companies’ products and/or services:

    1. Complete name
    2. Email address
    3. Date of birth
    4. Present and/or permanent address
    5. Bank account and payment information
    6. Telephone and/or mobile number
    7. Gender
    8. Employment
    9. Source of income
    10. Proof of income
    11. Information sent by or associated with the device/s used to access our services
    12. Information about your network and the people and account you interact with
    13. Photographs or audio or video recordings you share with us, including any customer self-portrait (selfie) and scan
    14. Government-issued identification or other information required for our due diligence, Know-Your-Customer (KYC), identity verification, or fraud prevention purposes
    15. Other relevant information that may be deemed necessary under this Agreement.
  • 9.2
    The Borrower expressly consents and permits the Lender to share, transfer, and disclose to the government authorities; any party/person proposing or considering to tender any payment towards or purchase the indebtedness under the Loan; its auditors, lawyers, or any other debt collection agencies; credit reporting agencies; insurance companies, agents, contractors or third party service providers who are involved in the provision of products and services to or by the Lender, its head office, branches, subsidiaries, affiliates or related companies of the Lender; or for provision of or cross-selling of products and services, the Borrower’s Personal Information, any information relating to the Borrower’s affairs or account in respect of the Loan and the this Agreement, and at any time and to such extent as the Lender may at its absolute discretion deem expedient or necessary or as required in compliance with lawful orders of government agencies and existing laws, rules, and regulations, or to the extent that it is necessary or incidental to the Lender’s business operations, plans, and its legal and contractual obligations.
  • 9.3
    The Borrower hereby agrees that the aforesaid information including the Personal Information of the Borrower may be used, processed, encrypted, transmitted and stored by the Lender its head office, branches, subsidiaries, affiliates or related companies of the Lender and/or may be exchanged to or with all such persons as the Lender considers necessary to the extent as permitted by Philippine laws. The aforesaid actions are without liability to the Borrower. The Borrower expressly consents to such actions and declares that no further consent from the Borrower is necessary or required in relation thereto.
  • 9.4
    The Lender is mandated to submit the Borrower’s basic credit data (as defined in Republic Act No. 9510 and its Implementing Rules and Regulations), as well as any regular updates or corrections thereof, to the CIC for consolidation and disclosure as may be authorized by the CIC, and other credit reporting agencies duly accredited by CIC, for the purpose of establishing the Borrower’s creditworthiness.
  • 9.5
    In case the Borrower fails to pay fully or correctly or timely the loan obligation, in addition to debt recovery measures as specified herein/ therein or in accordance with the Philippine laws, the Lender shall be entitled to provide information on such failure to third parties, including but not limited to collection agencies and lawyers for the purpose of collecting the loan obligation.
  • 9.6
    The Borrower agrees that the Lender, directly or through its partners, may collect, retrieve, process, use and store his/her personal data such as name, age, photographs, mobile number/s, mobile phone usage data, employment details, income, financial data, financial profile, credit standing, loan payment history, and other information required in the application form for the purpose of reviewing and processing the Borrower’s loan application. The Borrower consents to the collection of his/her personal data from the Borrower herself/himself, or from other personal information controllers such as, but not limited to, banks, other financing or lending companies, telecommunications companies, for credit scoring purposes. The Borrower’s personal data such as mobile number, email address, and address, will be shared to a credit scoring service provider for credit investigation, credit scoring, data analytics, and data profiling, which includes the regular updating of the Borrower’s credit score. The personal data secured may also be used for direct marketing of products and services of partners of the Lender.
  • 9.7

    Throughout the processing of the Borrower’s personal data, his/her rights under the Data Privacy Act of 2012, such as the:

    1. Right to be informed
    2. Right to object
    3. Right to access
    4. Right to rectification
    5. Right to erasure or blocking, and
    6. Right to damages, shall be upheld

    Entities to whom the Lender shall share the Borrower’s personal data will also respect the same rights.

10. INDEMNIFICATION

  • 10.1

    The Borrower agrees to indemnify, defend, and hold harmless the Lender, its officers, directors, employees, agents, affiliates, subsidiaries, and representatives from and against any and all claims, liabilities, losses, damages, costs, and expenses, including but not limited to:

    1. Collection agency fees incurred for the recovery of unpaid amounts;
    2. Attorney’s fees and legal costs arising from any enforcement action;
    3. Costs of suit and litigation, including court fees and related expenses; and
    4. Any other expenses reasonably incurred by the Lender in exercising or enforcing its rights under this Agreement.
  • 10.2
    The Borrower further waives any right to claim damages against the Lender for actions taken in good faith to enforce the terms of this Agreement, recover outstanding obligations, or comply with legal and regulatory requirements.
  • 10.3
    This indemnification shall survive the termination or cancellation of this Agreement until all obligations of the Borrower have been fully satisfied.
11. TAXES
  • 11.1

    The Borrower agrees and undertakes to pay any and all taxes, duties, fees, charges, and other governmental impositions that may be directly or indirectly assessed, levied, or incurred in connection with the Loan, this Agreement, and the Disclosure Statement, including but not limited to:

    1. Documentary Stamp Tax (DST) and any other applicable taxes on the Loan transaction;
    2. Withholding taxes, if applicable;
    3. Regulatory fees and charges imposed by any government agency; and
    4. Any penalties or surcharges arising from the Borrower’s failure to comply with tax obligations.
  • 11.2
    The Borrower further acknowledges that the Lender shall not be liable for any tax liabilities of the Borrower arising from this Agreement, and the Lender reserves the right to withhold or deduct any required taxes as mandated by applicable laws, rules, and regulations.
  • 11.3
    This obligation shall remain in effect until all amounts due under the Loan have been fully settled.
12. MISCELLANEOUS PROVISIONS
  • 12.1
    No delay in enforcing any right of the Lender under this Agreement, or assignment of the Lender of its right, or failure to accelerate the loan subject of the Agreement by reason of default in the payment of any installment or the acceptance of a past-due installment shall be construed as waiver of the right of the Lender to thereafter insist upon strict compliance with this Agreement without notice being given to the Borrower.
  • 12.2
    This Agreement shall be binding upon the successors and assigns of both the Borrower and the Lender. The Borrower cannot assign any of his/her rights and/or duties under this Agreement without the prior written consent of the Lender. All rights and/or duties of the Lender under this Agreement may be freely assignable by the Lender.
  • 12.3
    All notices and other communications required or permitted hereunder shall be via electronic mail, SMS and/or registered mail. Each party may change their address by giving written notice of the same to the other party within seven (7) days from the change in address.
  • 12.4
    The Borrower and Lender confirm that this Agreement, Disclosure Statement of Loan/Credit Transaction and Payment Schedule contain the full terms of their agreement and that no addition or variation of the provisions shall be of any force and effect, unless done in writing and signed by both the Borrower and Lender.
  • 12.5
    If any dispute arises between the Borrower and Lender out of, in relation to or in connection with the Loan and this Agreement, the Borrower and the Lender shall attempt, in fair dealing and in good faith, to settle such dispute. If the parties are notable to reach an amicable settlement, the dispute or controversy, shall be irrevocably submitted to the exclusive jurisdiction of the Courts of Makati City, to the exclusion of any other courts.
  • 12.6
    This Agreement shall be governed by and interpreted in accordance with the laws of the Republic of the Philippines.
  • 12.7
    If any provision of this Agreement is declared or found to be illegal, unenforceable, or void, both Parties shall be relieved of all obligations arising under such provision; however, if the remainder of this Agreement shall not be affected by such declaration or finding and is capable of substantial performance, then each provision not so affected shall been forced to the extent permitted by law or shall be modified only to the extent necessary to allow such provision to remain legally valid and enforceable.
BY ELECTRONICALLY SIGNING THE AGREEMENT, THE BORROWER HAS SIGNIFIED HIS/HER AGREEMENT TO THE TERMS AND CONDITIONS STATED

_____________________________
Name

_____________________________
Date

ANNEX A

DISCLOSURE STATEMENT OF LOAN/CREDIT TRANSACTION
(As required by RA 3765, Truth in Lending Act)

Name of Borrower:
Address:

1. Loan Amount/Principal

2. Other Charges
            a. Documentary Stamp Tax
            b. Processing Fee

3. Net Proceeds of Loan

4. Schedule of Payment:
            a. Amount of Installment
            b. Frequency
            c. Tenure (Months)
            d. Commencement of 1st Installment (Please see attached payment schedule below)

5. Effective Interest Rate (Interest and Other Charges)
            a. Fixed Interest Rate
            b. Effective Interest Rate (The effective interest rate per loan term is higher than the stipulated Interest Rate because of one or more additional charges stated in Item 2.)

6. Conditional Charges That May Be Imposed
            a. Late Payment Charges

I acknowledge receipt of this statement prior to the consummation of the credit transaction by availing this loan.

_____________________________
Name

_____________________________
Date

LOAN PAYMENT SCHEDULE
Loan Amount
Monthly Installment
Interest Rate
No. of Monthly Installment

Payment Date Principal Amount Interest Total Due