1. Operations Building, Meralco Center, Ortigas Ave. Pasig City : Tel Nos 632-8376; 632-8834
DISCLOSURE STATEMENT OF LOAN / CREDIT TRANSACTION
(As required under R. A. 3765, Truth in Lending Act)
MERALCO EMPLOYEES SAVINGS & LOAN ASSOCIATION, INC.
Company
Borrower
Division
ABS-CBN SHARED SERVICES
ACIBAR, JEAN R Account No. 10042105-6
Loan Type
Maturity Date
Loan No.
12
EL
10/10/2014
Value Date
Deduction
Start
11/30/2014
Amount Granted
LOAN APPROVAL
10/10/2015
10286824
10/10/2014
22,000.00
Contractual Rate
(Annual)
Mode of Payment
1,898.52
Term/Mos.
Effective Annual
Interest Rate
Interest Due on 10/31/2014
Filling Fee Rate = 1%
LOAN COMPUTATION
Monthly AmortizationPayroll Deduction
6.50 %
8.34 %
86.19
Approved EDUCATIONAL LOAN P 22,000.00
Less SAVINGS DEPOSIT - INTEREST PAYMENTS P (86.19)
Less FILING FEE - EDUCATIONAL LOAN P (220.00)
Less DOCUMENTARY FEE - EDUCATIONAL LOAN P (20.00)
Less PRINCIPAL - EDUCATIONAL LOAN P (9,340.30)
Less INTEREST EARNED - EDUCATIONAL LOAN P (3.33)
Less INTEREST EARNED - EDUCATIONAL LOAN P (11.63)
NET PROCEEDS P 12,318.55
PROCEEDS:
12,318.55Bancnet CA-
I acknowledge receipt of a copy of this statement prior to the consummation of the credit transaction and
that I understand and fully agree to the terms and conditions thereof.
Certified Correct by ___________________ Position ___________________ Signature __________________
Penalty for Late Payment of Amortization - 1% per month of the amount due
Attorney's Fee for Collection Purposes - 25% of the Amount Due
ADDITIONAL CHARGES IN CASE CERTAIN STIPULATIONS IN THE CONTRACT ARE NOT MET
(Notice to Borrower : You are entitled to a copy of this paper which you shall sign.)
Signature of Borrower Over Printed Name ___________________________________Date ________________