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    Sample Contract of Loan

    Uploaded by

    Rhon Gallego-Tupas
    Roy Ramos Agravante agreed to loan Ana Tenebro Canoniyo 60,000 Philippine pesos. According to the contract of loan, Ms. Canoniyo must repay the full amount plus 10% compounded interest per month if not paid in full by December 25, 2012. If legal action is required, Ms. Canoniyo will be liable for 25% of the total amount due in court and attorney fees. Both parties acknowledged their understanding and agreement to the terms in the contract.

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

    Sample Contract of Loan

    Uploaded by

    Rhon Gallego-Tupas
    34K views1 page
    Roy Ramos Agravante agreed to loan Ana Tenebro Canoniyo 60,000 Philippine pesos. According to the contract of loan, Ms. Canoniyo must repay the full amount plus 10% compounded interest per month if not paid in full by December 25, 2012. If legal action is required, Ms. Canoniyo will be liable for 25% of the total amount due in court and attorney fees. Both parties acknowledged their understanding and agreement to the terms in the contract.

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    sample contract of loan

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    Roy Ramos Agravante agreed to loan Ana Tenebro Canoniyo 60,000 Philippine pesos. According to the contract of loan, Ms. Canoniyo must repay the full amount plus 10% compounded interest per month if not paid in full by December 25, 2012. If legal action is required, Ms. Canoniyo will be liable for 25% of the total amount due in court and attorney fees. Both parties acknowledged their understanding and agreement to the terms in the contract.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    34K views1 page

    Sample Contract of Loan

    Uploaded by

    Rhon Gallego-Tupas
    Roy Ramos Agravante agreed to loan Ana Tenebro Canoniyo 60,000 Philippine pesos. According to the contract of loan, Ms. Canoniyo must repay the full amount plus 10% compounded interest per month if not paid in full by December 25, 2012. If legal action is required, Ms. Canoniyo will be liable for 25% of the total amount due in court and attorney fees. Both parties acknowledged their understanding and agreement to the terms in the contract.

    Copyright:

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

    CONTRACT OF LOAN

    KNOW ALL MEN BY THESE PRESENTS:


    This Deed is made and executed by and between:

    ____________, Filipino, of legal age,


    and a resident of VS Homes
    Subdivision, Purok Malakas, General Santos City, hereinafter referred to as
    CREDITOR, and;
    ______________, Filipino, of legal
    City hereinafter referred to as DEBTOR;

    age and a resident of

    General Santos

    WITNESSETH
    That the DEBTOR is desirous of borrowing the amount of SIXTY THOUSAND
    (P60,000.00) PESOS, Philippine Currency while the CREDITOR is willing and able to
    lend the said amount, subject to the following terms and conditions:
    1. That the CREDITOR shall convey the amount of SIXTY THOUSAND
    (P60,000.00) PESOS to the DEBTOR upon execution of this Contract;
    2. That the DEBTOR shall pay the CREDITOR the aforementioned amount
    loaned on or before December 25, 2012;
    3. That in case of failure on the part of the DEBTOR to pay the amount loaned
    in full at its aforementioned maturity date, then the CREDITOR shall charge
    a penalty amounting to a compounded Ten percent (10%) interest per
    month of the total amount due until full payment thereof;
    4. That in case the court intervention should become necessary and inevitable,
    the DEBTOR shall be liable for the court and litigation expenses and
    attorney's fee amounting to twenty five (25) percent of the total amount
    due and demandable;
    5. That the parties herein hereby commit to fully observe the terms and
    conditions as embodied in this contract and are fully aware that any
    violation of the same shall expose such erring party to the corresponding,
    criminal, civil and/or administrative liabilities.
    IN WITNESS WHEREOF, the
    parties
    have
    hereunto
    set
    hands this 15th day of October , 2012 in General Santos City, Philippines.
    ROY RAMOS AGRAVANTE
    Creditor

    their

    ANA TENEBRO CANONIYO


    Debtor

    SIGNED IN THE PRESENCE OF:


    1 . ______________________ 2. _____________________

    ACKNOWLEDGMENT

    REPUBLIC OF THE PHILIPPINES )


    GENERAL SANTOS CITY)S. S.
    X---------------------------------------------X

    BEFORE ME, this 15th day of October , 2012 in General Santos City, personally
    appeared:
    ___________Professional Driver's License No. M07-02-027566/expires on 11-28-2013
    ___________ Passport No. EB3873607/issued on 10-14-11/Valid until 10-13-2016

    known to me to be the same person who executed the foregoing instrument and
    they acknowledged to me that the same is their own free, voluntary act and deed.
    WITNESS MY HAND AND SEAL.

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