LOAN AGREEMENT

The two parties negotiate equally, the borrower and the lender have to agree and read the conditions, both sides have good reputation.
(Please read the loan contract carefully before applying for a loan)

Contract Number:

Name Borrower:

Loan amount:  PHP

Loan term: Months.

In the spirit of equality and involuntary, the principle of honesty and credit, by consensus, the two parties reached this small loan contract, to ensure joint compliance with the implementation.

1, I. Borrowing amount. B to Party A

2, The new borrower that applies for a loan with our company needs to take credit  for the loan amount to guarantee the information and make credit with the company before getting the  OTP code and releasing the loan.

3, Borrowing period: The borrowing period is from the start date of the loan to the end date of the loan. If the actual lending date is different from this date, the actual borrowing date will prevail. Party B shall issue a receipt after receiving the loan, and the IOU issued by Party B shall be attached to this small loan contract and shall have the same legal effect as this small loan contract.

4, Party A will pay the borrowed money to Party B's account by way of a transfer.

5, Guarantee Terms.

6, The borrower shall not use the loan for illegal activities. Otherwise, Party A has the right to request Party B to repay the principal and interest immediately, and Party B shall be responsible for the legal consequences arising therefrom.

7, The borrower must repay the principal and interest in accordance with the terms of the contract. Refusal to repay the loan entitles the borrower to repossess the loan within a certain period of time and to charge a daily late payment fee on the total amount of the loan

8, Borrower after the audit passed due to various factors leading to lending failure such as: false identity cards, false bank cards, false contacts. This false information will cause the system to detect the suspicion of fraudulent lending, The borrower must actively cooperate with Party A to deal with it. If you do not cooperate, Party A has the right to file a lawsuit with the People's Court. If the borrower does not cooperate, Party A has the right to file a lawsuit with the People's Court and report to the credit center of the People's Bank of the Philippines to restrict the high consumption of his relatives and children, the system, education, etc.

9, Contract dispute resolution: Disputes arising in the course of the performance of this contract shall be resolved by the parties through friendly consultation, or by third-party mediation. If the negotiation or mediation fails, a lawsuit may be filed with the People's Court where Party A is located according to law.

10, This microloan contract is effective from the date of signature (including electronic signature) of all parties. The text of the contract has the same legal effect.    Party A (signature, seal) Party B (Signature). Date of signing: Date of contract signing

(The following statement is not related to the measure. is a signature)
(The text below is not related to this article. Signature)
(Borrower agrees to accept company terms, sign)
Borrower:
Signature:
Signed date: 01-01-1970