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    Care Option Letter-Latest Marquez Karen M

    Uploaded by

    Mitz Zaidonn Francisco
    The document discusses payment schemes and programs from a bank to help clients settle their accounts, including a moratorium, loan repackaging, restructuring, and a relative surety program. It provides details on each program and asks the client to provide information if interested in applying for the bank's care program.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Care Option Letter-Latest Marquez Karen M

    Uploaded by

    Mitz Zaidonn Francisco
    13 views1 page
    The document discusses payment schemes and programs from a bank to help clients settle their accounts, including a moratorium, loan repackaging, restructuring, and a relative surety program. It provides details on each program and asks the client to provide information if interested in applying for the bank's care program.

    Original Title

    CARE OPTION LETTER-LATEST MARQUEZ KAREN M

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    The document discusses payment schemes and programs from a bank to help clients settle their accounts, including a moratorium, loan repackaging, restructuring, and a relative surety program. It provides details on each program and asks the client to provide information if interested in applying for the bank's care program.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    13 views1 page

    Care Option Letter-Latest Marquez Karen M

    Uploaded by

    Mitz Zaidonn Francisco
    The document discusses payment schemes and programs from a bank to help clients settle their accounts, including a moratorium, loan repackaging, restructuring, and a relative surety program. It provides details on each program and asks the client to provide information if interested in applying for the bank's care program.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Dear Client,

    We hope that you and your family are safe as our country continues to face the COVID-19 pandemic. We understand that this has
    been a challenging time, hence in order to help you in settling your account with the Bank, we are pleased to inform you of the
    Bank’s payment schemes presented below.
     Moratorium for 19 months, covering October 2020 to April 2022 (period covered)
    Accrued interest for the moratorium request is Php152,745.14.
     Loan Repackaging (for less than 4 months past due accounts)
     Loan Restructuring – COF only (more than 3 YOB) payment of interest only of ___________ for a period of ___ months
     Loan Restructuring (lower amortization on extended term).
     Relative Surety Program (any relative, either by consanguinity or affinity, within 2 nd degree may continue the existing
    loan)

    Legal Fees _________________________


    Resumption Date/Start Date of Amortization: May 4, 2022

    Should you wish to apply for the Bank’s Care Program, Kindly fill-up the following information.
    Complete Name (including middle name):  
    Date of Birth:  
    Registered Billing Address:  
    Contact Number (Landline and Cellphone No.):  
    Email Address:  
    Loan Number:  
    Collateral Details  
    If Housing Loan - Complete collateral address)  
    If Auto Loan (Make, Model, Plate No. )  
    Name of Employer / Business / Monthly Income  
    Reason for Default:  
    Mode of payment (for the requested payment scheme):  
    For the purpose of processing your care program you hereby authorize RCBC’s representative to inspect and appraise the collateral
    as needed. Please note that inclusive of the care program is the insurance due for your auto/housing loan and legal fees. For
    further details, this will be discussed by your assigned Remedial Account Officer/Collection Officer.

    Finally, in the event that the proposed settlement do not push through within the thirty (30)-day period herein provided, this
    settlement option shall be considered void, ineffective and automatically withdrawn without need of notice.

    Yours truly, Conforme:


    _____________________ ___________________________________
    RCBC By: Remedial Account Officer /Collection Officer Client’s signature over printed name / Date
    ____________________________________________________________________________________________________________
    RELATIVE SURETY PROGRAM
    I __(name of relative)__, Filipino, of legal age, single/married and with residence at ___________________________ do hereby
    jointly and severally guarantee and warrant that ___(Principal)_________, my __(relation)__, will comply and perform with all
    his/her obligation with the Bank; and, if for any reason he/she fails to do so, I jointly and severally bind myself to continue the same.
    ____________________________ ___________
    (Signature over Printed Name) Date

    In the event that I/we, the Debtor/s should fail or refuse to pay the obligations or any part thereof in accordance with the terms and
    conditions of the Obligations or should the Debtor fail to perform any of the conditions stipulated herein, I/we hereby voluntarily
    surrender unto Rizal Commercial Banking Corporation the possession of a certain property described as follows:
    Make :
    Model :
    Serial No. :
    Motor No. :
    Of which I am the lawful possessor as (_) owner (_) agent (_) other capacities.I am also fully aware of the provision of Article 319
    under the Revised Penal Code which prohibits me/us from assigning, transferring, selling or disposing the subject property.
    I hereby acknowledge the right of Rizal Commercial Banking Corporation (Bank) to foreclose the mortgage thereon or dispose of the
    same immediately upon surrender of the above described property.

    ____________________________ ______
    Conforme: Client’s signature over printed name Date 1503691951

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