LOAN AGREEMENT

Loan Account Number : 3905829619

LOAN DETAILS
LENDER HC Consumer Finance Philippines, Inc.
15th Floor, Ore Central, 9th Avenue cor. 31st Street, Bonifacio Global City, Taguig, 1634, Philippines
CUSTOMER Bai Xemia Aljiren Tabara Mamalimping Date Of Birth: 01/02/1995
Home Address: Mercado Street, Poblacion, Kabacan, 9407 North Cotabato
Permanent Address: Mercado Street, Poblacion, Kabacan, 9407 North Cotabato
Registered Contact Details
Mobile No. 1: 9095515507 E-mail Address: bxaymmamalimpings@gmail.com
Mobile No. 2: N/A Landline: N/A
DOCUMENTS Tax Identification Number (TIN) 702812185 Professional Regulation (PRC) ID 1473065
PURCHASE DETAILS
Loan Account Number: 3905829619
Retailer: Family Appliance - Gaisano Grand Mall of Kidapawan Address: Gaisano Grand Mall of Kidapawan n/a N/a, City of Kidapawan (Capital), 1428
North Cotabato
Goods and/or Services: Flat TV (LCD, LED, Plasma, 3D TV) ( DE VANT / 43STV101 )
Air conditioner ( CARRIER / WCARZ006EC )
Disclosure Statement Conditional Charges: Value Added Services Charges:
Purchase Price 24,790.00 Currency: PHP Collection Charge 200.00 Borrower Protection Plan Fee (service) 87.00
Cash Payment 8,000.00 Effective Date: 12/28/2019
Installment Amount: 2,497.00
Past Due 30 days 400.00
Downpayment: 7,480.00
Other Charges - Origination Fee: 520.00 Number of Installments: 9 Past Due 60 days 600.00
Net Proceeds of Loan: 16,790.00 Due Dates: 28th of each Past Due 90 days 800.00
(Purchase Price less Cash Payment) First Due Date: 01/28/2020
Last Due Date: 09/28/2020 Attorney & Agency Fee 5,000.00
Loan Amount: 17,310.00
(Purchase Price less Downpayment)
Effective Interest Rate: 5.45% p.m.
SPECIFIC TERMS AND CONDITIONS
1. INTRODUCTION 5.1.2.The minimum amount of the Partial Early Repayment must be equivalent to
1.1. The Customer is applying for a Home Credit loan to buy the Good(s) from the one installment plus the Partial Early Repayment Fee as stated in the
Retailer (POS Loan), as indicated in the Purchase Details and Loan Details Disclosure Statement, and any other charges due to Home Credit. Any
above. The Customer understands that the approval of this POS Loan is amount paid which is less that the minimum amount required by this section
subject to submission by the Customer of documents required by Home shall be treated as an advance payment for the next installment payment.
Credit, credit approval process and guidelines of Home Credit, and the final 5.1.3 For Full Early Repayment, the Customer can call Home Credits Customer
decision of Home Credit. The POS Loan shall be payable in monthly Service Hotline and inform that Full Early Repayment will be made and shall
installments with an Interest Rate as indicated in the Disclosure Statement get the full details of the amount to be settled and the payments channels
and as agreed upon by the Customer and Home Credit. This document is where payment can be made.
referred to as Loan Agreement.
1.2. This POS Loan is subject to additional terms and conditions (General Terms 6. OTHER TERMS AND CONDITIONS
6.1. Upon paying the down payment, Customer shall collect the Goods and/or
and Conditions) contained in the document referred to as General Terms and
Services from the Retailer and/or make arrangements for its delivery. Should
Conditions, which is accessible at www.homecredit.ph. The Customer
customer make arrangements for the delivery of the Goods and/or Services
confirms that s/he has had the chance to review the General Terms and
after signing the loan agreement, the loan period will start on the date when
Conditions. Home Credit may, at any time, update the General Terms and
this Loan Agreement was signed and not on the actual delivery and
Conditions upon notice to the Borrower.
1.3. The Customer agrees to the Purchase Details and Disclosure Statement acceptance of the Goods and/or Services.
6.2. The Goods and/or Services financed by the Loan Agreement is/are to be
above, the monthly installments in the Payment Schedule, and the terms and
used for the benefit of the Customer or the Customers family and shall not be
conditions in Loan Agreement and General Terms and Conditions.
used for any illegal means.
2. LOAN AMOUNT 6.3. Customer agrees the Goods and/or Services shall be for personal use and he
2.1. Customer agrees that the Net Proceeds of Loan will be paid directly by Home shall not sell, transfer or convey the same until full payment of the Loan
Credit to the Retailer as full payment for the Goods and/or Services. Amount.
3. RATE OF INTEREST 6.4. The Customer can cancel this POS Loan without additional fees or penalties
3.1. Interest on the Loan Amount will begin to accrue on and from the Effective by performing all of the following within fifteen calendar days from the date of
Date, and shall be paid by the Customer in accordance with the Disclosure this POS Loan:
Statement and the Payment Schedule. 6.4.1.Calling Home Credits Customer Service Hotline and confirming such
4. PAYMENT cancellation to Home Credits customer service personnel;
4.1. The Customer agrees to pay each Installment Amount, including any 6.4.2.Paying the full amount of the net proceeds of the loan to Home Credit within
applicable charges and fees, on or before the Due Date, and exclusively the said 15-day period
through the payment channels identified by Home Credit. Payments shall 6.5. Upon compliance by the Customer with Clause 6.3. above, this POS Loan
become due on each Due Date as stated in the Disclosure Statement, shall be considered cancelled and the Customer and Home Credit shall have
without need of any further notice or demand. no further obligations in respect of this POS Loan.
4.2. The Customer expressly waives the benefit of Article 1252 of the Civil Code 6.6. In case of default, Home Credit may demand that the Customer to deliver
of the Philippines, Republic Act No. 386, and agrees that any payment to (and Customer undertakes to so deliver) the Goods and/or Services to Home
Home Credit for the purpose of settling any Installment Amount or any other Credit at such time and place as may be designated by Home Credit;
amount due in relation to the POS Loan shall be applied to the Installment provided, that delivery by the Customer of the Goods and/or Services
Amount or such other amount that fell due earlier, and in the order as pursuant hereto shall not relieve the Customer from the obligations under the
specified in General Terms and Conditions. Loan Agreement; provided further that Home Credit may, at its discretion, sell
4.3. If the Customer pays more than the Installment Amount or any other amount or auction the Goods and/or Services delivered by the Customer pursuant
due on the POS Loan, Home Credit can decide to apply the excess payment hereto in any manner that may be deemed appropriate by Home Credit, with
to the next Installment Amount or any such other amount due. If there are no the proceeds of such sale or auction to be applied to the repayment of the
other amounts due from the Customer, s/he may request for the return of the Customers obligations under the Loan Agreement, after deduction of all the
excess payment by calling Home Credit's hotline. Home Credit will then applicable costs. Home Credit may employ technology based measures and
inform the Customer when and how s/he can get the excess payment. other means available to it, to ensure collection of the Loan Amount, such as
5. EARLY REPAYMENT but not limited to the sending of payment notices through SMS and push
5.1. For Early Repayment, provided the Customer is not in delay or in default, the notification, and remote deactivation of the Goods and/or Services.
Customer may prepay the balance of the Loan Amount before the Last Due 6.7. Home Credit may, at any time, update the Specific Terms and Conditions
Date without interest on the balance, subject to the following: upon notice to the Customer, and such amendments shall bind the Customer,
5.1.1. For Partial Early Repayment, the Partial Early Repayment Fee and any other provided that Home Credit posts the update through its website
www.homecredit.ph.
amounts to be paid by the Customer to Home Credit should be paid together
with the prepayment of part of the balance of the Loan Amount. The minimum
amount of partial early repayment must be equivalent to one installment.
Detailed steps on applying for the Partial Early Repayment shall be made
available through Home Credit's website and/or Customer Service Hotline. (Electronically Signed via OTP)
OTP: 069716
OTP MOBILE#: 9095515507
Witness: OTP VERIFIED ON: 2019-12-28T14:20:40.000+08:00
Abduljabar Sultan Bai Xemia Aljiren Tabara Mamalimping
Sales Associate Signature of Customer Over Printed Name