Republic of the Philippines

SOCIAL SECURITY SYSTEM

DISCLOSURE STATEMENT
MEL-01519(04-2021) ON LOAN/CREDIT TRANSACTION
SALARY LOAN
(As Required under R.A 3765 Truth in Lending Act)

SS Number: 33-5320895-4
Name of Borrower: MICHAEL POSADAS VAINDNESS
ER ID Number: 03-9016777-6
ER Name: SECURITY MASTERS INV INC
ER Address: 5F ECJ BLDG REAL ST COR ARZOBISPO ST

SALARY LOAN DETAILS

1. LOAN AMOUNT P35,000.00
2. OTHER CHARGE(S)/DEDUCTION(S) P723.97
a. Service Fee (1% of loan amount) P350.00
b. Advance Interest P373.97
c. Balance of previous loan as of 07/23/2022 12:20:41, if any P0.00
3. NET PROCEEDS OF LOAN(item 1 less item 2) P34,276.03
4. SCHEDULE OF PAYMENTS

Applicable Month Due Date Amount Outstanding

Principal
Amortization Interest Principal Balance
P 35,000.00
1 Sep-22 31-Oct-22 P 1,615.07 P 291.67 P 1,323.40 P 33,676.60
2 Oct-22 30-Nov-22 P 1,615.07 P 280.64 P 1,334.43 P 32,342.17
3 Nov-22 31-Dec-22 P 1,615.07 P 269.52 P 1,345.55 P 30,996.62
4 Dec-22 31-Jan-23 P 1,615.07 P 258.31 P 1,356.76 P 29,639.86
5 Jan-23 28-Feb-23 P 1,615.07 P 247.00 P 1,368.07 P 28,271.79
6 Feb-23 31-Mar-23 P 1,615.07 P 235.60 P 1,379.47 P 26,892.32
7 Mar-23 30-Apr-23 P 1,615.07 P 224.10 P 1,390.97 P 25,501.35
8 Apr-23 31-May-23 P 1,615.07 P 212.51 P 1,402.56 P 24,098.79
9 May-23 30-Jun-23 P 1,615.07 P 200.82 P 1,414.25 P 22,684.54
10 Jun-23 31-Jul-23 P 1,615.07 P 189.04 P 1,426.03 P 21,258.51
11 Jul-23 31-Aug-23 P 1,615.07 P 177.15 P 1,437.92 P 19,820.59
12 Aug-23 30-Sep-23 P 1,615.07 P 165.17 P 1,449.90 P 18,370.69
13 Sep-23 31-Oct-23 P 1,615.07 P 153.09 P 1,461.98 P 16,908.71
14 Oct-23 30-Nov-23 P 1,615.07 P 140.91 P 1,474.16 P 15,434.55
15 Nov-23 31-Dec-23 P 1,615.07 P 128.62 P 1,486.45 P 13,948.10
16 Dec-23 31-Jan-24 P 1,615.07 P 116.23 P 1,498.84 P 12,449.26
17 Jan-24 29-Feb-24 P 1,615.07 P 103.74 P 1,511.33 P 10,937.93
18 Feb-24 31-Mar-24 P 1,615.07 P 91.15 P 1,523.92 P 9,414.01
19 Mar-24 30-Apr-24 P 1,615.07 P 78.45 P 1,536.62 P 7,877.39
20 Apr-24 31-May-24 P 1,615.07 P 65.64 P 1,549.43 P 6,327.96
21 May-24 30-Jun-24 P 1,615.07 P 52.73 P 1,562.34 P 4,765.62
22 Jun-24 31-Jul-24 P 1,615.07 P 39.71 P 1,575.36 P 3,190.26
23 Jul-24 31-Aug-24 P 1,615.07 P 26.59 P 1,588.48 P 1,601.78
24 Aug-24 30-Sep-24 P 1,615.07 P 13.29 P 1,601.78 P .00
Total P 38,761.68 P 3,761.68 P 35,000.00
5. EFFECTIVE INTEREST RATE 10.47% per annum
6. CONDITIONAL CHARGES MAYBE IMPOSED
a. Continuing Interest of 10% per annum against Outstanding Balance after the loan term.
b. Penalty of 1% per month against unpaid loan amortization.

This is a system-generated Disclosure Statement on Loan/Credit Transaction and does not require a signature from SSS.