LOAN AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This LOAN AGREEMENT made and entered into this ______ day of
_________ 2014 in ______________________ by and between:

_______________________________, of legal
age,
Filipino,
and
with
postal
address
at
____________________________,
hereinafter
referred to as the BORROWER;

- and

_______________________________, of legal
age,
Filipino,
and
with
postal
address
at
____________________________,
hereinafter
referred to as the LENDER.

W I T N E S S E T H:

WHEREAS, BORROWER wishes to borrow certain monies from

LENDER, and LENDER wishes to lend certain monies to BORROWER, in
order for BORROWER to meet certain financial obligations with respect to
________________________.
NOW THEREFORE, for and in consideration of the mutual covenants
and promises herein, all of which are deemed sufficient, it is hereby agreed to as
follows:
1. Immediately upon the full execution hereof, LENDER shall lend to
BORROWER the amount of __________________________________
Pesos (Php______________) hereinafter referred to as the LOAN. The
LOAN shall be funded immediately upon the full execution hereof, by (certified
check or cash).
2. The interest rate on the outstanding and unpaid principal amount of the LOAN
shall be __________ (_____%) simple interest, as calculated on an annual
basis assuming a 365 day year.
3. The term of the LOAN shall be _________, beginning on
________________ and concluding on ________________ hereinafter
referred to as the TERM.
4. The BORROWER shall make payments of principal and interest to the address
of the LENDER set forth hereinabove. The entire outstanding and unpaid
principal amount of the LOAN, together with any interest and penalties thereon,
shall be due and payable at the end of the TERM.
5. BORROWER may prepay the LOAN without premium or penalty at any time
during the TERM upon no less than ________ (______) days prior notice by
BORROWER to LENDER.
6. All other point not specifically agreed herein shall, unless in conflict therewith, be
governed by the provisions of the New Civil Code.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures

on this ___ day of ______________ 2014 at _________________________.

______________________
BORROWER

______________________
LENDER

Signed in the presence of:

___________________________

___________________________

Witness

Witness

ACKNOWLEDGMENT

Republic of the Philippines}

Province of Cavite
} S.S
...}
BEFORE ME, a Notary Public for and in the ___________, personally
appeared this ____________, 2014, at _____________________________, the
following persons whose valid identification cards have been presented with the
numbers thereof duly indicated hereunder, to wit:

Name
__________________________
__________________________
__________________________
__________________________

Valid ID
_________________________
_
_________________________
_
_________________________
_
_________________________
_

both known to me to be the same persons who executed the foregoing instrument and
who acknowledged to me that the same is their own free and voluntary act and deed.
This instrument consisting of two (2) pages including the page on which this
acknowledgment is written has been signed by the parties hereto and their instrumental
witnesses sealed with my notarial seal and refer to a LOAN AGREEMENT.

WITNESS MY HAND AND SEAL, on the date and place first above written.

Notary Public
Doc. No.______;
Page No.______;
Book No._____;
Series of 2014.