Finalize Agreement

Loan Agreement

THIS AGREEMENT is made on this August 6, 2025.

BETWEEN:

GUILLER BINOYA (hereinafter referred to as the "Lender")

AND

[BORROWER'S NAME HERE] (hereinafter referred to as the "Borrower")

1. LOAN TERMS

The Lender agrees to lend the Borrower the principal sum of P5,000.00 (Five thousand Philippine Pesos).

  • Principal Amount: P5,000.00
  • Interest Rate: 4% per month on the principal amount.
  • Total Interest: P200.00
  • Total Amount Payable: P5,200.00

2. REPAYMENT

The Borrower agrees to repay the Total Amount Payable in 2 installments over a period of 1 month(s).

  • Installment Amount: P2,600.00
  • Payment Schedule: Payments are due on the 7th and 22nd day of each month.

3. LATE PAYMENTS

If the Borrower fails to make a payment on or before its due date, a late fee of P150.00 will be charged for each late payment.

4. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the Republic of the Philippines.

5. ENTIRE AGREEMENT

This document represents the entire agreement between the parties and supersedes any prior oral or written agreements.

ACKNOWLEDGMENT

By signing below, the parties acknowledge that they have read, understood, and agree to the terms and conditions of this Loan Agreement.

LENDER:

GUILLER BINOYA

BORROWER:

[BORROWER'S NAME HERE]