Sample Contract Of Loan

  • Uploaded by: Rhon Gallego-Tupas
  • 0
  • 0
  • February 2021
  • PDF

This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA


Download & View Sample Contract Of Loan as PDF for free.

More details

  • Words: 379
  • Pages: 1
Loading documents preview...

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



SIGNED IN THE PRESENCE OF: 1 . ______________________ 2. _____________________


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.

Related Documents

More Documents from "Shekhar Shrivastava"