KHEJANE GCASH LOAN AGREEMENT
I. THE PARTIES. This Personal Loan Agreement (GCASH LOAN AGREEMENT) made this
[____________] is between:
Borrower: [_______________________] with a mailing address of
[_______________________________] and agrees to borrow money from:
Lender: [_________________________] with a mailing address of
[________________________________] and agrees to lend money to the Borrower under the following
terms:
II. LOAN AMOUNT. The total amount of money being borrowed from the Lender to the Borrower is ₱
[____________]
III. INTEREST RATE. The Borrowed Money shall: (check one)
❖ Bear Interest. The Borrowed Money shall bear interest at a rate of [__%] compounded:
☐ - Weekly. The interest will continue to charge until full payment is done.
IV. TERM. The total amount of the Borrowed Money, including principal and interest, shall be due and
payable on [______________]
V. PAYMENTS. The Borrower agrees to repay the Borrowed Money to the Lender under the following
payment schedule:
☐ - Weekly Payments. The Borrower agrees to repay the Lender the amount of
until the Due Date.
₱ [_________]
Hereinafter known as the “Payment Schedule.” All payments made by the Borrower shall be first applied
to any accrued interest and second to the principal balance.
V. COLLATERAL. The Borrower agrees to provide the Lender with full right and title of ownership to
the following property as collateral to secure the loan listed in the “loan amount” section of this
agreement. This will take effect when the Borrower did not pay at least the interest for loan extension for
2 weeks or _______________.
Item #1: _____________________________________________________________________________
Item #2 : ____________________________________________________________________________
Borrower’s Signature: _____________________
Date: _____________
Print Name: _____________________
Lender’s Signature: _____________________
Date: _____________
Print Name: ___________________