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Rice Loan Agreement

The document is a rice loan agreement between a borrower and co-maker. It details a loan of [amount] sack of rice, bearing 7% monthly interest. The agreement requires repayment in two installments, with 50% of the principal plus interest due on the 15th of each month, and the remaining 50% plus interest on the 30th. The borrower may repay the full amount early without penalty. The agreement is signed by the borrower, co-maker, rice loan officer, and canteen manager.

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Joanna Bernabe Acosta
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2K views2 pages

Rice Loan Agreement

The document is a rice loan agreement between a borrower and co-maker. It details a loan of [amount] sack of rice, bearing 7% monthly interest. The agreement requires repayment in two installments, with 50% of the principal plus interest due on the 15th of each month, and the remaining 50% plus interest on the 30th. The borrower may repay the full amount early without penalty. The agreement is signed by the borrower, co-maker, rice loan officer, and canteen manager.

Uploaded by

Joanna Bernabe Acosta
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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RICE LOAN AGREEMENT

Loan Amount: _____ sack amounting to ______________.

Date: ____________

Borrower’s Information: Co- Maker’s Information

Name: _______________________________ Name: _______________________________

Address: ______________________________ Address: ______________________________

Mobile Number:________________________ Mobile Number:________________________

Share Capital: __________________________ Share Capital: _________________________

I. Interest
The loan amount shall bear interest of 7 % monthly.
II. Payment.
a. This agreement shall be due and payable, including the principal and any accrued interest in the
following ways:
*50% of the principal amount with interest will be paid every 15 th of the month which will be on
___________________.
*the remaining 50% of the principal amount with interest will be paid every 30 th of the month which will
be on __________________.
b. The borrower has the right to pay back the loan in full or make additional payments at any time ahead of
the due date with still 7% monthly interest (no discounts).
c. Strictly no extension of due date.

III. Parties
These agreements are done between/ among:

_________________________ ______________________________
Name & Signature of Borrower Name & Signature of Co-maker

Ma Ninfa C. Abellon Analie J. Baldestamon


Canteen Account Specialist Rice Loan In-Charge for the Month of March

Melenia M. Magbanua
Canteen Manager

Date Signed: __________________________

Payment Received by:


First Payment: March 31, 2023 _____________________ ______________________
Full Payment: April 14, 2023 ______________________ ______________________

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