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    Loan Terms and Conditions Final

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    Cecile
    The document contains a loan application form for the Faculty Association of Tina National High School. It requests information such as the applicant's name, age, address, contact number, net take-home pay, purpose and amount of the loan. It describes the loan approval and terms and conditions process, including monthly payment amounts and due dates, penalties for late payments, and eligibility requirements to receive a loan.

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    Loan Terms and Conditions Final

    Uploaded by

    Cecile
    45 views2 pages
    The document contains a loan application form for the Faculty Association of Tina National High School. It requests information such as the applicant's name, age, address, contact number, net take-home pay, purpose and amount of the loan. It describes the loan approval and terms and conditions process, including monthly payment amounts and due dates, penalties for late payments, and eligibility requirements to receive a loan.

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    The document contains a loan application form for the Faculty Association of Tina National High School. It requests information such as the applicant's name, age, address, contact number, net take-home pay, purpose and amount of the loan. It describes the loan approval and terms and conditions process, including monthly payment amounts and due dates, penalties for late payments, and eligibility requirements to receive a loan.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    45 views2 pages

    Loan Terms and Conditions Final

    Uploaded by

    Cecile
    The document contains a loan application form for the Faculty Association of Tina National High School. It requests information such as the applicant's name, age, address, contact number, net take-home pay, purpose and amount of the loan. It describes the loan approval and terms and conditions process, including monthly payment amounts and due dates, penalties for late payments, and eligibility requirements to receive a loan.

    Copyright:

    © All Rights Reserved
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    FACULTY ASSOCIATION OF TINA LOAN APPLICATION FORM

    NATIONAL HIGH SCHOOL LAP # _____________


    Tina, Badiangan, Iloilo

    Age: Birthday:
    Name:
    Sex: Civil Status:

    Address: Contact No.:

    Net Take-Home Pay: PURPOSE OF LOAN:

    Amount of Loan Applied: Amount of Loan Approved:

    Checked and Verified by: Action of the Credit Committee:


    _____ Recommending for Approval
    _____ Recommending for Disapproval
    _______________________
    Loan Officer Remarks:

    _______________________________
    Credit Committee Chairman
    Approved by:

    FABIAN A. ARDIENTE
    FATNHS Chairperson

    This is to certify that all information stated herein is true and correct to the best of my
    knowledge. I further authorized the FATNHS through its representative/s to obtain such
    information as may be required related to this.

    ___________________________________
    Name and Signature of Applicant
    FACULTY ASSOCIATION OF TINA NATIONAL HIGH SCHOOL
    Tina, Badiangan, Iloilo

    LOAN TERMS and CONDITIONS

    The following are the important information relative to your loan account with the Faculty
    Association of Tina National High School (FATNHS).

    1. Your monthly payment DUE DATE is every end of the month starting on
    _________________ and would last until ______________________.

    2. Your MONTHLY PAYMENT is the ____________________________ .

    3. A PENALTY of ONE percent (1%) on the first month and TWO percent (2%) compounded
    on the second month will be charged to every unpaid monthly payment.

    4. PAYMENTS for the monthly payment will be paid at the recognized collecting officer.

    5. FAILURE TO PAY for three successive monthly payments means forfeiture of loan rights in
    the next Cycle of Borrowers.

    6. In case of retirement/resignation/transfer of school, the borrower must pay all outstanding


    balance from the association.

    7. RENEWAL of LOAN is strictly based on the Cycle of Borrowers made by the association.
    Unless the persons before you, waived their loan rights.

    This is to acknowledge receipt of a copy of this TERMS and CONDITIONS, read and fully
    understood the contents.

    ______________________________
    Name and Signature of Applicant

    ELLIGIBLITY FOR RELEASE OF LOAN

    1. Must have paid the Php500.00 membership fee.


    2. Must be an active member of the association.
    3. Must have paid monthly fee of Php200.00 for three successive months.
    4. Must have NO OUTSTANDING BALANCE from the association.
    5. Must follow the Cycle of Borrowers made by the association.

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