CLASS B
DISCLOSURE STATEMENT OF CREDIT TRANSACTIONS
( Single Payment or Installment Plan )
(As required under R.A. 3765, Otherwise known as the Truth in Lending Act)
NAME OF BORROWER VIDA ROSE ORDINADO GARCIA
ADDRESS PUROK 3 BRGY. FLORIDA MARIA AURORA, AURORAA
1. Cash/Purchase Price or Net Proceeds of Credit Transaction P 140,771.00
(Item Purchased)
2. Less: Down payment and/or Trade-in Value (Not applicable for credit transaction)
3. Unpaid balance of Cash/Purchased Price or Net Proceeds of Credit Transaction 140,771.00
4. Non-Finance Charges (Advanced by Seller/Creditor)
a. Insurance Premium P
b. Taxes
c. Registration Fees
d. Notarial Fee
e. Others:
Processing Fee 600.00
Total Non-Finance Charges
P 140,771.00
5. Credit Transaction Amount (Items 3 & 4)
6. Finance Charges:
a. Interest 24% p.a. from 11/02/2023 to 10/02/2026 P 101,401.00
Simple ⌧ Monthly Annual
Compound Quarterly Semi-Annual
b. Discounts:
c. Service/Handling Charges
d. Collection Charges
e. Credit Investigation Fees
f. Appraisal Fees
g. Attorney's/Legal Fees
h. Other Charges incidental to the extension of credit (Specify):
Total Finance Charges P 101,401.00
7. Percentage of Finance Charges to Total Credit Transaction Amount
(Computed in accordance with Sec. 2(i) of CB Circular 158)
8. Effective Interest Rate 51.44%
(Method of Computation attached)
9. Payments
a. Single payment due on
( Date )
b. Prompt Payment Discount (PPD) P 7,200.00 P
c. Total Installment Payments ( Due if the Borrower failed to Pay on Due Date )
( Payable in 36 in week/months at) P 6,927.00 * P 249,372.00
( No. of Payments ) ( Inclusive of Prompt Payment Discount )
10. Other Charges
a. Other Documentation Fee P
11. Additional Charges in case certain stipulations in the contract are not met by the debtor:
NATURE RATE AMOUNT
ATTORNEY'S FEE 25%
LIQUIDATION DAMAGES 25%
ADDITIONAL INTEREST 200
12. Excess payment. In the event that payments are made in excess of total amount due, such excess shall be applied to the succeeding
Monthly amortizations, if any. In case the total excess payment is equivalent to more than one amortization, the excess over one (1) month amortization may be
refunded upon due notice to the holder hereof. Further, should the excess payments be equal to the outstanding principal balance, total excess shall be applied in full
to the outstanding principal balance.
CERTIFIED CORRECT:
PRINCESS YRR FELIX DELA DRUZ
( Signature of Creditor / Authorized
Representative over Printed Name )
LOAN SUPERVISOR
( Position )
I ACKNOWLEDGE RECEIPT OF A COPY OF THIS STATEMENT PRIOR TO THE CONSUMMATION OF THE CREDIT
TRANSACTION AND THAT I UNDERSTAND AND FULLY AGREE TO THE TERMS AND CONDITIONS THEREOF.
October 2, 2023 VIDA ROSE ORDINADO GARCIA
(Date) ( Signature of Buyer/Borrower over Printed Name )
NOTICE TO BUYER/BORROWER: YOU ARE ENTITLED TO A COPY
OF THIS PAPER WHICH YOU SHALL SIGN
"CONFIDENTIALITY NOTICE
This document is confidential and contains proprietary or private information of the borrower/s and the lender/holder. This document or any information contained herein may not be reproduced or
disclosed under any circumstances without written permission of all the said parties. The disclosure, copying, distribution or use of this document or any information contained herein without such written
permission is strictly prohibited."
CREDIT-2014 (Revised 10/20/19) Rev.07/22