REPUBLIC OF THE PHILIPPINES

SOCIAL SECURITY SYSTEM

DISCLOSURE STATEMENT ON LOAN/CREDIT TRANSACTION
(As Required under R.A 3765 Truth in Lending Act)

SS Number: 08-2508531-0 Name of Borrower: JOHNRY VELVESTRE BUHIAN

ER ID Number: 03-0007700-5 ER Name: MANILA CORDAGE COMPANY
ER Address: 116 PROGRESS AVE CARMELRAY INDUSTRIAL PARK1 CANLUBANG LAG

1. LOAN AMOUNT P18,500.00

2. OTHER CHARGE(S)/DEDUCTION(S) P382.21
A. Service Fee (1% of loan amount) P185.00
B. Advance Interest P187.53
C. Balance of previous loan as of 07/25/2020 18:08:29, if any P9.68
3. NET PROCEEDS OF LOAN(item 1 less item 2) P18,117.79
4. SCHEDULE OF PAYMENTS

Applicable Month Due Date Amortization Interest Principal Outstanding Principal

Balance
P18,500.00
Sep-20 31-Oct-20 853.68 154.17 699.51 17,800.49
Oct-20 30-Nov-20 853.68 148.34 705.34 17,095.15
Nov-20 31-Dec-20 853.68 142.46 711.22 16,383.93
Dec-20 31-Jan-21 853.68 136.53 717.15 15,666.78
Jan-21 28-Feb-21 853.68 130.56 723.12 14,943.66
Feb-21 31-Mar-21 853.68 124.53 729.15 14,214.51
Mar-21 30-Apr-21 853.68 118.45 735.23 13,479.28
Apr-21 31-May-21 853.68 112.33 741.35 12,737.93
May-21 30-Jun-21 853.68 106.15 747.53 11,990.40
Jun-21 31-Jul-21 853.68 99.92 753.76 11,236.64
Jul-21 31-Aug-21 853.68 93.64 760.04 10,476.60
Aug-21 30-Sep-21 853.68 87.31 766.37 9,710.23
Sep-21 31-Oct-21 853.68 80.92 772.76 8,937.47
Oct-21 30-Nov-21 853.68 74.48 779.20 8,158.27
Nov-21 31-Dec-21 853.68 67.99 785.69 7,372.58
Dec-21 31-Jan-22 853.68 61.44 792.24 6,580.34
Jan-22 28-Feb-22 853.68 54.84 798.84 5,781.50
Feb-22 31-Mar-22 853.68 48.18 805.50 4,976.00
Mar-22 30-Apr-22 853.68 41.47 812.21 4,163.79
Apr-22 31-May-22 853.68 34.70 818.98 3,344.81
May-22 30-Jun-22 853.68 27.87 825.81 2,519.00
Jun-22 31-Jul-22 853.68 20.99 832.69 1,686.31
Jul-22 31-Aug-22 853.68 14.05 839.63 846.68
Aug-22 30-Sep-22 853.68 7.00 846.68 .00
Total P 20,488.32 P 1,988.32 P 18,500.00

5. EFFECTIVE INTEREST RATE 10.47%

6. CONDITIONAL CHARGES MAYBE IMPOSED
a. Continuing Interest of 10% per annum against Outstanding Balance after the loan term.
b. Late charge of 1% per month against unpaid loan amortization.

Net proceeds may change. Final Disclosure Statement will be generated once loan application is approved by your employer
within the prescribed period.
This is a system-generated Disclosure Statement and does not require a signature from SSS.