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Loaning Form Rev2

The document is a loan application from the LSPU Faculty and Employees Association Savings and Credit Services. It details the terms of the loan being applied for, including promising to pay the amount back in monthly installments on the 15th and 30th of each month. It authorizes the treasurer to charge a 2% daily interest on unpaid amounts after 7 days late. It also agrees the loan will be deducted from deposits if not repaid and will disqualify further borrowing for one year. Recommendations from the loan committee and approval from the FEU President are required.

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Aimee C. Chavez
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61 views1 page

Loaning Form Rev2

The document is a loan application from the LSPU Faculty and Employees Association Savings and Credit Services. It details the terms of the loan being applied for, including promising to pay the amount back in monthly installments on the 15th and 30th of each month. It authorizes the treasurer to charge a 2% daily interest on unpaid amounts after 7 days late. It also agrees the loan will be deducted from deposits if not repaid and will disqualify further borrowing for one year. Recommendations from the loan committee and approval from the FEU President are required.

Uploaded by

Aimee C. Chavez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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LSPU FACULTY AND EMPLOYEES ASSOCIATION

SAVINGS AND CREDIT SERVICES


Siniloan, Laguna

______________________
Date

I ___________________________________ hereby apply for Regular/Character Loan


amounting to ____________________________________ (Php) ___________________.
I promise to pay the said amount to the Association in accordance with the terms and
conditions directly to the FEA Treasurer every 15th and 30th of the month or not exceeding to 7
days thereafter.
I hereby agree that in the event, this obligation is not paid by me in accordance with the
terms and conditions of this agreement, I hereby authorize the Treasurer to charge a daily
interest of 2% to be charged to unpaid amortization, with the interest included, after 7 days. I
also agree that the loan will be deducted from the fixed and/or savings deposit with the
association and will disqualify me to borrow again for a period of one (1) fiscal year if I failed to
pay my obligation.

_______________________
Signature of Borrower
_________________________________ _________________________________
Signature over printed name of Co-Maker Signature over printed name of Co-Maker

(To be filled-up by the Treasurer)


Gross pay: _______________Net pay: _______________ Fixed Deposit: _______________
Outstanding Loan:
Regular Loan: _____________________ Character Loan: _____________________
Amount to be loan: _____________________
Less
Loan Balance : _____________________
Service Charge : _____________________
Net Amount of Loan : _____________________

Loan Installment: _____________________ Interest/Month: ____________________


Terms of Payment: 6 ___ | 12 ___ | 18 ___ | 24 ___ First date of Installment: _____________

Certified true and correct:

ARCHIEVAL M. JAIN
Treasurer

Recommending Approval:

WIFREDO D. DALUGDOG RAINER R. FISCAL


Member, Loan Committee Member, Loan Committee

AURORA S. SION
Member, Loan Committee

Approved/Disapproved:

AMELIA S. BOBADILLA
FEU President

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