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Sample Promissory Notes for Loans

The document contains 3 promissory notes from employees of Mango Republic Multi-Trade Inc. promising to repay debts to the company. Mar John Magbanua owes Php 2,010.38 to be deducted from his salary over 2 pay periods. John Mark Sumicad owes Php 9,059.72 to be deducted in 6 equal payments over 3 months. Melvin John Claro owes Php 44,692.99 to be deducted in 6 equal payments over 3 months. All 3 employees authorized their employer to make salary deductions according to the repayment schedules.

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83 views3 pages

Sample Promissory Notes for Loans

The document contains 3 promissory notes from employees of Mango Republic Multi-Trade Inc. promising to repay debts to the company. Mar John Magbanua owes Php 2,010.38 to be deducted from his salary over 2 pay periods. John Mark Sumicad owes Php 9,059.72 to be deducted in 6 equal payments over 3 months. Melvin John Claro owes Php 44,692.99 to be deducted in 6 equal payments over 3 months. All 3 employees authorized their employer to make salary deductions according to the repayment schedules.

Uploaded by

Ysabelle
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

PROMISSORY NOTE

Php2,010.38

FOR VALUE RECEIVED, I, Mar John Magbanua, promise to pay to the order of Mango
Republic Multi-Trade Inc., the sum of TWO THOUSAND TEN PESOS AND 38/100 (Php.
2,010.38). That I hereby authorized my employer to deduct One Thousand Five Pesos and
19/100 (Php1005.19) on every 10th day of ___________ and 25th day of ___________ payroll
salary, beginning on the 19th day of March 2018 until the 19th day of April 2018 until fully paid.

IN WITNESS WHEREOF, I have hereto set my hand this __________________ at Puerto


Princesa City, Palawan

________________________
MAR JOHN MAGBANUA
PROMISSORY NOTE

Amount: Php. 9,059.72

FOR VALUE RECEIVED, I, John Mark Sumicad, driver, promise to pay to the order of
Mango Republic Multi-Trade Inc., the sum of Nine Thousand Fifty Nine and 72/100 Pesos (Php.
9,059.72). That I hereby authorized my employer to deduct Php1,509.95 for every payroll salary
to be made in the form of six (6) equal payments payable on the 10th and 25th of each month,
beginning 19th of March 2018 until the 19th of June 2018 until fully paid.

IN WITNESS WHEREOF, I have hereto set my hand this __________________ at Puerto


Princesa City, Palawan

________________________
JOHN MARK SUMICAD
PROMISSORY NOTE
Amount: Php. 44,692.99

FOR VALUE RECEIVED, I, Melvin John Claro, Sales Agent, promise to pay to the order of
Mango Republic Multi-Trade Inc., the sum of Forty Four Thousand Six Hundred Ninety Two
and 99/100 Pesos (Php. 44,692.99). That I hereby authorized my employer to deduct
Php7,448.83 for every 10th day and 25th day of the payroll salary to be made in the form of six
(6) equal payments payable on the 10th and 25th of each month, beginning 19th of March 2018
until the 19th of June 2018 until fully paid.

IN WITNESS WHEREOF, I have hereto set my hand this __________________ at Puerto


Princesa City, Palawan

________________________
MELVIN JOHN CLARO

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