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Cash Advance Form - New

The document is a cash advance/short term loan application for Socoteco II Employees Multi-Purpose Cooperative, Inc. It collects information such as the applicant's name, department, amount applied for, loan purpose, and contact number. It requires the applicant and guarantor's signatures agreeing to the terms and conditions and authorizing payroll deductions to pay back the loan. It is certified by the bookkeeper and credit committee.

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BENAZIR BORRERO
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2K views1 page

Cash Advance Form - New

The document is a cash advance/short term loan application for Socoteco II Employees Multi-Purpose Cooperative, Inc. It collects information such as the applicant's name, department, amount applied for, loan purpose, and contact number. It requires the applicant and guarantor's signatures agreeing to the terms and conditions and authorizing payroll deductions to pay back the loan. It is certified by the bookkeeper and credit committee.

Uploaded by

BENAZIR BORRERO
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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SOCOTECO II EMPLOYEES MULTI-PURPOSE

COOPERATIVE, INC. (S.E.M.C)


3rd floor SOCOTECO II Compound, Jose Catolico Ave., General Santos City 9500

CASH ADVANCE/ SHORT TERM/ ITEM LOAN APPLICATION

DATE: _______________

Name : __________________________ Basic pay : _______________


Department : __________________________ Position : _______________
Amount applied : __________________________ Months : ______________
Amount in words : __________________________ Interest rate/amt:_____________
____________________________________________ Service fee : ____Php 100.00_
Loan purpose : __________________________ Contact Number: _______________

For and in consideration of the above amount applied for, I hereby bind myself to all TERMS AND
CONDITIONS FOR THE LOAN. Like sign hereby authorized the SOTOECO II EMPLOYEES MP COOP
through the payroll clerk of SOCOTECO II to deduct from my Salary & Wages and other remuneration, the
payment for the above mentioned loan in the indicated schedule.

__________________________
Signature of Applicant over Printed name

GUARANTOR
Name : ____________________________ Position : _______________
Department : ____________________________ Basic pay : _______________

For and in consideration of the loan granted to the above-stated applicant, I hereby bind myself to be jointly
and severally liable for the unpaid portion of the loan. In the event of failure to pay the loan, I hereby authorized the
SEMC to deduct from my salary & wages and other benefits the unpaid amount of said loan.

__________________________
Signature over printed name (Guarantor)

I hereby certify that the above applicant is entitled to the applied for as per policies/conditions of the SEMC.

___________________ ____________________
Bookkeeper Credit Committee

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