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C R E D I T AD VI C E
Congratulations!
We are pleased to inform you that our Bank has approved your application for a BUSINESS LOAN, subject to the
following terms and conditions:
1. Loan Purpose : Capital Investment for Manufacturing Plant of Woven Eco Bag
3. Loan Term : Fifteen (15) years / One Hundred Eighty (180) months
5. Rate fixing period : Fixed for the first two (2) years and yearly repricing thereafter, based
on BPI Family Savings Banks prevailing interest rate at the
time of repricing.
6. Yearly amortization : Php 22, 698, 001.47for the six (6) payments on a cash basis, a year
after loaning and a delay of four (4) years
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*** FOR THESIS PURPOSES ONLY
11.2 Late payment penalty is 3% per month from time of default until fully paid
11.3. Processing fee is P 3,500.00 for any change in the terms and conditions of approved loan, once
loan is released
11.4 Payment of yearly amortization, insurance premium and charges shall be debited from enrolled
deposit account
11.5 Mortgage Redemption Insurance (MRI) to cover the loan, is procured from BPI Philam
11.6 Fire Insurance with acts of God coverage is procured from BPI/MS Insurance Corp to over
collateral improvement.
11.7 Earthquake Insurance is procured from BPI/MS Insurance Corp to cover collateral improvement
higher than 3 storeys.
We reserve the right to amend the terms & conditions in this advice, including adjustment of the prevailing interest
rate, quoted above, anytime before your final availment.
If you are amenable to the foregoing terms & conditions, please signify your conformity thereto by signing on this
advice and submit it together with the required comments within thirty (30) days from receipt of this advice. We will
assume that you are no longer interested to pursue your loan if we do not hear from you within the aforesaid period.
Upon your request, we have indicated the interest rate prevailing as of the date hereof in the Disclosure Statement
accompanying the Mortgage Loan Agreement (MLA). Please note, however, that the prevailing interest rate initially
indicated in said Disclosure Statement is subject further to resetting and adjustment by the Bank. The applicable
interest rate on the loan shall be that prevailing rate of interest determined by the Bank on drawdown date (the
Applicable Interest Rate), which rate shall be deemed effective and binding on your goodselves upon your final
availment. Said Applicable Interest Rate shall be fixed for __ (__) years and yearly repricing thereafter based on
prevailing interest rate. By signing below, you agree to pay BPI Family Savings Bank the Applicable Interest Rate
set on drawdown date and pursuant thereto you irrevocably authorize, constitute and appoint the Bank as your true
and lawful Attorney-in-Fact with full authority to amend and revise, at its option and without need of notice, the
interest rate initially provided in the Disclosure Statement accompanying the MLA and indicate therein in
substitution thereof the Applicable Interest Rate and all details pertinent thereto without need for your further
authentication of any such changes/corrections or any other act on your part, which revisions the Bank shall perform
on your behalf which you hereby expressly confirm and ratify.
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*** FOR THESIS PURPOSES ONLY
Please feel free to call your Account Officer, AM Patricia Marie M. Pablo at 218-5918 or your Marketing
Assistant, Lojel P. Suson at 845-6554 for any clarification.
Thank you for choosing BPI FAMILY SAVINGS BANK for your Business Loan requirements.
Sincerely,
_____________________
Ferrando M. Santiago
Senior Manager
CONFORME:
___________________________________________
DIEGO SILVANO BARROS
KHAYE-ANNE DE GUZMAN
MARIA ANGELYN ENRIQUEZ
JONATHAN REYES
Borrowers / Mortgagors
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