LOAN AGREEMENT HomeCredit Copy

Loan Account Number : 3801276523

LOAN DETAILS
LENDER HC Consumer Finance Philippines, Inc.
15th Floor, Ore Central, 9th Avenue cor. 31st Street, Bonifacio Global City, Taguig, 1634, Philippines
CUSTOMER Michael Berzabal Del Carmen Date Of Birth: 10/03/1990
Home Address: Sitio Labot, Lipit, Cabugao, 2732 Ilocos Sur
Permanent Address: Sitio Labot, Lipit, Cabugao, 2732 Ilocos Sur
Registered Contact Details
Email: [email protected] Mobile No. 1: 9771862664
Landline: N/A Mobile No. 2: N/A
DOCUMENTS Voter's ID 29050059AJ0390MBD10000 Passport p3368516A
Professional Regulation (PRC) ID 0851390
PURCHASE DETAILS
Loan Account Number: 3801276523
Retailer: Techmix Computers & Gadgets - Xentro Mall Vigan Address: Xentro Mall Vigan N/A Del Pilar St, n/a, City of Vigan (Capital),
2700 Ilocos Sur
Goods: Cellphone/Smartphone ( VIVO / V9 )
Disclosure Statement Conditional Charges:
Purchase Price: 17,990.00 Currency: PHP Insurance fee (service) 101.00
Downpayment: 5,216.00 Effective Date: 05/20/2018 Collection Charge 200.00
Loan Amount: 12,774.00 Installment Amount: 1,520.34 Past Due 30 days 400.00
Other Charges: Number of Installments: 9 Past Due 60 days 600.00
Origination Fee: 384.00 Due Dates: 20th of each month Past Due 90 days 800.00
Net Proceeds of Loan: 12,390.00 First Due Date: 06/20/2018
Attorney & Agency Fee 5,000.00
Effective Interest Rate: 0.62% p.m. Last Due Date: 02/20/2019
SPECIFIC TERMS AND CONDITIONS
1. INTRODUCTION 5.1.1.For Partial Early Repayment, the Partial Early Repayment Fee and any other
1.1. The Customer is applying for a Home Credit loan to buy the Good(s) from the amounts to be paid by the Customer to Home Credit should be paid together
Retailer (“POS Loan“), as indicated in the Purchase Details and Loan Details with the prepayment of part of the balance of the Loan Amount. The minimum
above. The Customer understands that the approval of this POS Loan is amount of partial early repayment must be equivalent to one installment.
subject to submission by the Customer of documents required by Home Detailed steps on applying for the Partial Early Repayment shall be made
Credit, credit approval process and guidelines of Home Credit, and the final available through Home Credit's website and/or Customer Service Hotline.
decision of Home Credit. The POS Loan shall be payable in monthly 5.1.2.The minimum amount of the Partial Early Repayment must be equivalent to
installments with an Interest Rate as indicated in the Disclosure Statement one installment plus the Partial Early Repayment Fee as stated in the
and as agreed upon by the Customer and Home Credit. This document is Disclosure Statement, and any other charges due to Home Credit. Any
referred to as Loan Agreement. amount paid which is less that the minimum amount required by this section
1.2. This POS Loan is subject to additional terms and conditions (General Terms shall be treated as an advance payment for the next installment payment.
and Conditions) contained in the document referred to as General Terms and 5.1.3 For Full Early Repayment, the Customer can call Home Credit’s Customer
Conditions, which is accessible at www.homecredit.ph. The Customer Service Hotline and inform that Full Early Repayment will be made and shall
confirms that s/he has had the chance to review the General Terms and get the full details of the amount to be settled and the payments channels
Conditions. Home Credit may, at any time, update the General Terms and where payment can be made.
Conditions upon notice to the Borrower. 6. OTHER TERMS AND CONDITIONS
1.3. The Customer agrees to the Purchase Details and Disclosure Statement 6.1. Upon paying the down payment, Customer shall collect the Goods from the
above, the monthly installments in the Payment Schedule, and the terms and Retailer and/or make arrangements for its delivery. Should customer make
conditions in Loan Agreement and General Terms and Conditions. arrangements for the delivery of the Goods after signing the loan agreement,
2. LOAN AMOUNT the loan period will start on the date when this Loan Agreement was signed
2.1. Customer agrees that the Net Proceeds of Loan will be paid directly by Home and not on the actual delivery and acceptance of the Goods.
Credit to the Retailer as full payment for the Goods. 6.2. The Goods financed by the Loan Agreement is/are to be used for the benefit
of the Customer or the Customer’s family and shall not be used for any illegal
3. RATE OF INTEREST
means.
3.1. Interest on the Loan Amount will begin to accrue on and from the Effective 6.3. The Customer can cancel this POS Loan without additional fees or penalties
Date, and shall be paid by the Customer in accordance with the Disclosure by performing all of the following within fifteen calendar days from the date of
Statement and the Payment Schedule. this POS Loan:
4. PAYMENT 6.3.1.Calling Home Credit’s Customer Service Hotline and confirming such
4.1. The Customer agrees to pay each Installment Amount, including any cancellation to Home Credit’s customer service personnel;
applicable charges and fees, on or before the Due Date, and exclusively 6.3.2.Paying the full amount of the net proceeds of the loan to Home Credit within
through the payment channels identified by Home Credit. Payments shall the said 15-day period
become due on each Due Date as stated in the Disclosure Statement, 6.4. Upon compliance by the Customer with Clause 6.3. above, this POS Loan
without need of any further notice or demand. shall be considered cancelled and the Customer and Home Credit shall have
4.2. The Customer expressly waives the benefit of Article 1252 of the Civil Code no further obligations in respect of this POS Loan.
of the Philippines, Republic Act No. 386, and agrees that any payment to 6.5. In case of default, Home Credit may demand that the Customer to deliver
Home Credit for the purpose of settling any Installment Amount or any other (and Customer undertakes to so deliver) the Goods to Home Credit at such
amount due in relation to the POS Loan shall be applied to the Installment time and place as may be designated by Home Credit; provided, that delivery
Amount or such other amount that fell due earlier, and in the order as by the Customer of the Goods pursuant hereto shall not relieve the Customer
specified in General Terms and Conditions. from the obligations under the Loan Agreement; provided further that Home
4.3. If the Customer pays more than the Installment Amount or any other amount Credit may, at its discretion, sell or auction the Goods delivered by the
due on the POS Loan, Home Credit can decide to apply the excess payment Customer pursuant hereto in any manner that may be deemed appropriate by
to the next Installment Amount or any such other amount due. If there are no Home Credit, with the proceeds of such sale or auction to be applied to the
other amounts due from the Customer, s/he may request for the return of the repayment of the Customer’s obligations under the Loan Agreement, after
excess payment by calling Home Credit's hotline. Home Credit will then deduction of all the applicable costs.
3801276523

inform the Customer when and how s/he can get the excess payment. 6.6. Home Credit may, at any time, update the Specific Terms and Conditions
5. EARLY REPAYMENT upon notice to the Customer, and such amendments shall bind the Customer,
5.1. For Early Repayment, provided the Customer is not in delay or in default, the provided that Home Credit posts the update through its website
Customer may prepay the balance of the Loan Amount before the Last Due www.homecredit.ph.
Date without interest on the balance, subject to the following:

Witness:
Marvin Dela Rosa Michael Berzabal Del Carmen
Sales Associate Signature of Customer Over Printed Name
 LOAN AGREEMENT Client Copy
Loan Account Number : 3801276523

LOAN DETAILS
LENDER HC Consumer Finance Philippines, Inc.
15th Floor, Ore Central, 9th Avenue cor. 31st Street, Bonifacio Global City, Taguig, 1634, Philippines
CUSTOMER Michael Berzabal Del Carmen Date Of Birth: 10/03/1990
Home Address: Sitio Labot, Lipit, Cabugao, 2732 Ilocos Sur
Permanent Address: Sitio Labot, Lipit, Cabugao, 2732 Ilocos Sur
Registered Contact Details
Email: [email protected] Mobile No. 1: 9771862664
Landline: N/A Mobile No. 2: N/A
DOCUMENTS Voter's ID 29050059AJ0390MBD10000 Passport p3368516A
Professional Regulation (PRC) ID 0851390
PURCHASE DETAILS
Loan Account Number: 3801276523
Retailer: Techmix Computers & Gadgets - Xentro Mall Vigan Address: Xentro Mall Vigan N/A Del Pilar St, n/a, City of Vigan (Capital),
2700 Ilocos Sur
Goods: Cellphone/Smartphone ( VIVO / V9 )
Disclosure Statement Conditional Charges:
Purchase Price: 17,990.00 Currency: PHP Insurance fee (service) 101.00
Downpayment: 5,216.00 Effective Date: 05/20/2018 Collection Charge 200.00
Loan Amount: 12,774.00 Installment Amount: 1,520.34 Past Due 30 days 400.00
Other Charges: Number of Installments: 9 Past Due 60 days 600.00
Origination Fee: 384.00 Due Dates: 20th of each month Past Due 90 days 800.00
Net Proceeds of Loan: 12,390.00 First Due Date: 06/20/2018
Attorney & Agency Fee 5,000.00
Effective Interest Rate: 0.62% p.m. Last Due Date: 02/20/2019
SPECIFIC TERMS AND CONDITIONS
1. INTRODUCTION 5.1.1.For Partial Early Repayment, the Partial Early Repayment Fee and any other
1.1. The Customer is applying for a Home Credit loan to buy the Good(s) from the amounts to be paid by the Customer to Home Credit should be paid together
Retailer (“POS Loan“), as indicated in the Purchase Details and Loan Details with the prepayment of part of the balance of the Loan Amount. The minimum
above. The Customer understands that the approval of this POS Loan is amount of partial early repayment must be equivalent to one installment.
subject to submission by the Customer of documents required by Home Detailed steps on applying for the Partial Early Repayment shall be made
Credit, credit approval process and guidelines of Home Credit, and the final available through Home Credit's website and/or Customer Service Hotline.
decision of Home Credit. The POS Loan shall be payable in monthly 5.1.2.The minimum amount of the Partial Early Repayment must be equivalent to
installments with an Interest Rate as indicated in the Disclosure Statement one installment plus the Partial Early Repayment Fee as stated in the
and as agreed upon by the Customer and Home Credit. This document is Disclosure Statement, and any other charges due to Home Credit. Any
referred to as Loan Agreement. amount paid which is less that the minimum amount required by this section
1.2. This POS Loan is subject to additional terms and conditions (General Terms shall be treated as an advance payment for the next installment payment.
and Conditions) contained in the document referred to as General Terms and 5.1.3 For Full Early Repayment, the Customer can call Home Credit’s Customer
Conditions, which is accessible at www.homecredit.ph. The Customer Service Hotline and inform that Full Early Repayment will be made and shall
confirms that s/he has had the chance to review the General Terms and get the full details of the amount to be settled and the payments channels
Conditions. Home Credit may, at any time, update the General Terms and where payment can be made.
Conditions upon notice to the Borrower. 6. OTHER TERMS AND CONDITIONS
1.3. The Customer agrees to the Purchase Details and Disclosure Statement 6.1. Upon paying the down payment, Customer shall collect the Goods from the
above, the monthly installments in the Payment Schedule, and the terms and Retailer and/or make arrangements for its delivery. Should customer make
conditions in Loan Agreement and General Terms and Conditions. arrangements for the delivery of the Goods after signing the loan agreement,
2. LOAN AMOUNT the loan period will start on the date when this Loan Agreement was signed
2.1. Customer agrees that the Net Proceeds of Loan will be paid directly by Home and not on the actual delivery and acceptance of the Goods.
Credit to the Retailer as full payment for the Goods. 6.2. The Goods financed by the Loan Agreement is/are to be used for the benefit
of the Customer or the Customer’s family and shall not be used for any illegal
3. RATE OF INTEREST
means.
3.1. Interest on the Loan Amount will begin to accrue on and from the Effective 6.3. The Customer can cancel this POS Loan without additional fees or penalties
Date, and shall be paid by the Customer in accordance with the Disclosure by performing all of the following within fifteen calendar days from the date of
Statement and the Payment Schedule. this POS Loan:
4. PAYMENT 6.3.1.Calling Home Credit’s Customer Service Hotline and confirming such
4.1. The Customer agrees to pay each Installment Amount, including any cancellation to Home Credit’s customer service personnel;
applicable charges and fees, on or before the Due Date, and exclusively 6.3.2.Paying the full amount of the net proceeds of the loan to Home Credit within
through the payment channels identified by Home Credit. Payments shall the said 15-day period
become due on each Due Date as stated in the Disclosure Statement, 6.4. Upon compliance by the Customer with Clause 6.3. above, this POS Loan
without need of any further notice or demand. shall be considered cancelled and the Customer and Home Credit shall have
4.2. The Customer expressly waives the benefit of Article 1252 of the Civil Code no further obligations in respect of this POS Loan.
of the Philippines, Republic Act No. 386, and agrees that any payment to 6.5. In case of default, Home Credit may demand that the Customer to deliver
Home Credit for the purpose of settling any Installment Amount or any other (and Customer undertakes to so deliver) the Goods to Home Credit at such
amount due in relation to the POS Loan shall be applied to the Installment time and place as may be designated by Home Credit; provided, that delivery
Amount or such other amount that fell due earlier, and in the order as by the Customer of the Goods pursuant hereto shall not relieve the Customer
specified in General Terms and Conditions. from the obligations under the Loan Agreement; provided further that Home
4.3. If the Customer pays more than the Installment Amount or any other amount Credit may, at its discretion, sell or auction the Goods delivered by the
due on the POS Loan, Home Credit can decide to apply the excess payment Customer pursuant hereto in any manner that may be deemed appropriate by
to the next Installment Amount or any such other amount due. If there are no Home Credit, with the proceeds of such sale or auction to be applied to the
other amounts due from the Customer, s/he may request for the return of the repayment of the Customer’s obligations under the Loan Agreement, after
excess payment by calling Home Credit's hotline. Home Credit will then deduction of all the applicable costs.
inform the Customer when and how s/he can get the excess payment. 6.6. Home Credit may, at any time, update the Specific Terms and Conditions
5. EARLY REPAYMENT upon notice to the Customer, and such amendments shall bind the Customer,
5.1. For Early Repayment, provided the Customer is not in delay or in default, the provided that Home Credit posts the update through its website
Customer may prepay the balance of the Loan Amount before the Last Due www.homecredit.ph.
Date without interest on the balance, subject to the following:

Witness:
Marvin Dela Rosa Michael Berzabal Del Carmen
Sales Associate Signature of Customer Over Printed Name