LOAN AGREEMENT

Loan Account Number : 4203635873

LOAN DETAILS
LENDER HC Consumer Finance Philippines, Inc.
15th Floor, Ore Central, 9th Avenue cor. 31st Street, Bonifacio Global City, Taguig, 1634, Philippines
CUSTOMER Anchie Veh Briones Mariano Date Of Birth: 04/16/1992
Home Address: PUROK VISAYAN VILLAGE, Apokon, City of Tagum (Capital), 8100 Davao del Norte
Permanent Address: Catalunan Grande, Davao City, Davao del Sur
Registered Contact Details Character Reference
Ecclesiastes AquinoGasmen Spouse 9610182743
Mobile No. 1: 9686670378 E-mail Address: [email protected]
Lea PetinesBriones Other relative 9176211533
Mobile No. 2: N/A Landline: N/A
Ray Niel Acain Colleague 9985608942

DOCUMENTS Professional Regulation (PRC) ID 0153885

PURCHASE DETAILS
Loan Account Number: 4203635873
Retailer: Better Component Incorporated - Gaisano Mall of Tagum Address: Gaisano Mall of Tagum n/a National Highway, 045019010, City of Tagum
Goods and/or Services: (Capital), 8100 Davao del Norte
Acoustic Guitar ( Chord C350 EQ 40 )
Value Added Service (Borrower Protection)

Other musical instrument ( kahiko Ukelele )

Value Added Service (Borrower Protection)
Disclosure Statement Conditional Charges: Other Fees:
Suggested Retail Price: 14,300.00 Currency: PHP **Termination Fee 28% Home Credit Extra Care 49.00
Borrower Protection: 833.00 Effective Date: 08/23/2022
Installment Amount: 1,888.00 Collection Charge 200.00
Total Purchase Price: 15,133.00
Number of Installments: 9 Past Due 30 days 400.00
Cash Payment 3,000.00
Due Dates: 23rd of each
Downpayment: 2,624.00 Past Due 60 days 600.00
First Due Date: 09/23/2022
Other Charges - Origination Fee: 376.00
Last Due Date: 05/23/2023 Past Due 90 days 800.00
Net Proceeds of Loan: 12,133.00
(Purchase Price less Cash Payment) Attorney & Agency Fee 5,000.00
Loan Amount: 12,509.00 ***Monthly Penalty +1.4%
(Purchase Price less Downpayment)
Effective Interest Rate: 6.71% p.m.
*Conditional Fees and Charges are subject to change
**Charged at DPD 90 based on unpaid principal amount
***Charged from DPD 120 to DPD 270 based on unpaid
principal amount
SPECIFIC TERMS AND CONDITIONS 5.1.2. The minimum amount of the Partial Early Repayment must be equivalent to one
1. INTRODUCTION installment plus the Partial Early Repayment Fee as stated in the Disclosure Statement,
1.1. The Customer is applying for a Home Credit loan to buy the Good(s) from the Retailer and any other charges due to Home Credit. Any amount paid which is less that the
(POS Loan), as indicated in the Purchase Details and Loan Details above. The Customer minimum amount required by this section shall be treated as an advance payment for the
understands that the approval of this POS Loan is subject to submission by the Customer next installment payment.
of documents required by Home Credit, credit approval process and guidelines of Home For Full Early Repayment, the Customer can call Home Credits Customer Service Hotline
Credit, and the final decision of Home Credit. The POS Loan shall be payable in monthly 5.1.3 and inform that Full Early Repayment will be made and shall get the full details of the
installments with an Interest Rate as indicated in the Disclosure Statement and as agreed amount to be settled and the payments channels where payment can be made.
upon by the Customer and Home Credit. This document is referred to as Loan Agreement.
1.2. This POS Loan is subject to additional terms and conditions (General Terms and 6. OTHER TERMS AND CONDITIONS
Conditions) contained in the document referred to as General Terms and Conditions, 6.1. The Customer hereby acknowledges receipt of the Goods and/or Services from the
which is accessible at www.homecredit.ph. The Customer confirms that s/he has had the Retailer and/or has made arrangements with the Retailer for the delivery of the Goods
chance to review the General Terms and Conditions. Home Credit may, at any time, and/or Services. The Customer understands that, in either case, the POS Loan will start on
update the General Terms and Conditions upon notice to the Borrower. the date of signing of this Loan Agreement and not on the delivery date of the Goods
1.3. The Customer agrees to the Purchase Details and Disclosure Statement above, the and/or Services.
monthly installments in the Payment Schedule, and the terms and conditions in Loan 6.2. The Goods and/or Services financed by the Loan Agreement is/are to be used for the
Agreement and General Terms and Conditions. benefit of the Customer or the Customers family and shall not be used for any illegal
means.
2. LOAN AMOUNT 6.3. Customer agrees the Goods and/or Services shall be for personal use and he shall not
2.1. Customer agrees that the Net Proceeds of Loan will be paid directly by Home Credit to the sell, transfer or convey the same until full payment of the Loan Amount.
Retailer as full payment for the Goods and/or Services. 6.4. The Customer can cancel this POS Loan without additional fees or penalties by performing
all of the following within fifteen calendar days from the date of this POS Loan:
3. RATE OF INTEREST Calling Home Credits Customer Service Hotline and confirming such cancellation to Home
3.1. Interest on the Loan Amount will begin to accrue on and from the Effective Date, and shall 6.4.1. Credits customer service personnel;
be paid by the Customer in accordance with the Disclosure Statement and the Payment Paying the full amount of the net proceeds of the loan to Home Credit within the said 15-
Schedule.
6.4.2. day period
Upon compliance by the Customer with Clause 6.3. above, this POS Loan shall be
4. PAYMENT 6.5. considered cancelled and the Customer and Home Credit shall have no further obligations
4.1. The Customer agrees to pay each Installment Amount, including any applicable charges in respect of this POS Loan.
and fees, on or before the Due Date, and exclusively through the payment channels
In case of default, Home Credit may demand that the Customer to deliver (and Customer
identified by Home Credit. Payments shall become due on each Due Date as stated in the
undertakes to so deliver) the Goods and/or Services to Home Credit at such time and
4.2. Disclosure Statement, without need of any further notice or demand. 6.6.
place as may be designated by Home Credit; provided, that delivery by the Customer of
The Customer expressly waives the benefit of Article 1252 of the Civil Code of the
the Goods and/or Services pursuant hereto shall not relieve the Customer from the
Philippines, Republic Act No. 386, and agrees that any payment to Home Credit for the
obligations under the Loan Agreement; provided further that Home Credit may, at its
purpose of settling any Installment Amount or any other amount due in relation to the POS
discretion, sell or auction the Goods and/or Services delivered by the Customer pursuant
Loan shall be applied to the Installment Amount or such other amount that fell due earlier,
hereto in any manner that may be deemed appropriate by Home Credit, with the proceeds
4.3. and in the order as specified in General Terms and Conditions.
of such sale or auction to be applied to the repayment of the Customers obligations under
If the Customer pays more than the Installment Amount or any other amount due on the
the Loan Agreement, after deduction of all the applicable costs. Home Credit may employ
POS Loan, Home Credit can decide to apply the excess payment to the next Installment
technology based measures and other means available to it, to ensure collection of the
Amount or any such other amount due. If there are no other amounts due from the
Loan Amount, such as but not limited to the sending of payment notices through SMS and
Customer, s/he may request for the return of the excess payment by calling Home Credit's
push notification, and remote deactivation of the Goods and/or Services.
hotline. Home Credit will then inform the Customer when and how s/he can get the excess
Home Credit may, at any time, update the Specific Terms and Conditions upon notice to
payment. 6.7. the Customer, and such amendments shall bind the Customer, provided that Home Credit
5. EARLY REPAYMENT posts the update through its website www.homecredit.ph.
5.1. For Early Repayment, provided the Customer is not in delay or in default, the Customer
may prepay the balance of the Loan Amount before the Last Due Date without interest on
the balance, subject to the following:

5.1.1. For Partial Early Repayment, the Partial Early Repayment Fee and any other amounts to
be paid by the Customer to Home Credit should be paid together with the prepayment of
part of the balance of the Loan Amount. The minimum amount of partial early repayment
must be equivalent to one installment. Detailed steps on applying for the Partial Early
Repayment shall be made available through Home Credit's website and/or Customer (Electronically Signed via OTP)
Service Hotline. OTP: 714502
OTP MOBILE#: 9686670378
Witness: OTP VERIFIED ON: 2022-08-23T19:58:00.000+08:00
Anchie Veh Briones Mariano
Retailer Associate Signature of Customer Over Printed Name
HOME CREDIT EXTRA CARE TERMS AND CONDITIONS

The Home Credit Extra Care Product allows the Customer to request for a Payment Holiday, Due Date Change of the loan installments,
Partial Early Repayment or Full Early Repayment of the loan, subject to the following terms and conditions:

1. PAYMENT HOLIDAY. The Customer may defer the payment of an installment provided that the following requisites occur:

a. The Customer is not in default or has not defaulted in any installment payment at any given time;
b. The Customer can activate Payment Holiday twice every twelve (12)-month period during the entire duration of the loan; and

c. The Customer must have paid at least two (2) consecutive monthly installments prior to the first availment of the Payment
Holiday. For the second availment of the Payment Holiday, the Customer must have paid at least three (3) consecutive
monthly installments from the date of the last service activation

2. DUE DATE CHANGE. The Customer may change the due dates of monthly installment payments provided that the following
requisites occur:
a. The Customer is not in default or has not defaulted in any installment payment at any given time;
b. The Customer can activate Due Date Change twice every twelve (12)-month period during the entire duration of the loan;
and
c. The Customer must have paid at least one (1) monthly installment prior to the first availment of the Due Date Change. For
the second availment of the Due Date Change, the Customer must have paid at least three (3) consecutive monthly
installments from the date of the last service activation

3. PARTIAL EARLY REPAYMENT. The Customer may pay a portion of the total outstanding balance of the loan provided that:
the following requisites occur:
a. The Customer shall pay unpaid penalty fee and overdue amount prior to the partial early repayment of the loan; and
b. The amount to be paid shall not be less than the recomputed amount. Minimum amount to be considered as Partial Early
Repayment is two (2) months worth of Customer’s installment. Otherwise, it will only be considered as an advance payment.

4. FULL EARLY REPAYMENT. The Customer may pay the full amount of the total outstanding balance of the loan
provided that the following requisites occur:
a. The Customer shall settle the overdue/penalty before activation of request;
b. The amount to be paid shall not be less than the recomputed amount. Otherwise, it will only be considered as an advance
payment; and
c. Recomputed amount should be paid within the given due date. Otherwise, payment will only serve as an advance payment
and account will not be closed.

(Electronically Signed via OTP)

OTP: 714502
OTP MOBILE#: 9686670378
OTP VERIFIED ON: 2022-08-23T19:58:00.000+08:00
Anchie Veh Briones Mariano
Signature of Customer Over Printed Name