LOAN SOURCE: MLS - LANDBANK MOBILE LOANSAVER

BORROWER INFORMATION
PN Number: 340-1500-160000567285 Application Date: 2016-02-22

Employee No: 16387 Employee Name: KRISTINE JOY CABATINO LORENZO

Birthdate: 12/24/1990

Gender: FEMALE Age: 25

Email: LORENZO.TINTIN@YAHOO.COM.PH Civil Status: SINGLE

Mobile No: 639392654839

SSS/GSIS No: 00000000000000016387 TIN: 314345420

Address
Present Address: BUENAVISTA SABLAYAN OCCIDENTAL MINDORO

Salary Information
Gross Monthly Pay: 17,616.05 Net Take Home Pay: 17,616.05

Payroll Account No: 0097014701

EMPLOYMENT INFORMATION
Agency Name: LBP EMPLOYEES
OCCIDENTAL MINDORO LENDING CENTER
Agency Code: 1500 Department:

Employment Type: RANK AND FILE Position: ACCOUNT ASSISTANT

End of Term: Years of Service: 2

KRISTINE JOY CABATINO LORENZO

____________________________________________
(BORROWER'S NAME)
02/22/2016
LOAN DETAILS (APPLIED)

Loan Amount: 52,000.00 Term: 36

Auto-Save Amount: 100.00 Payroll Period: SEMI-MONTHLY (15TH-EOMONTH)

LOAN DETAILS (FINAL)

Loan Amount: 52,000.00 Term: 36

Auto-Save Amount: 100.00 Payroll Period: SEMI-MONTHLY (15TH-EOMONTH)

AMORTIZATION AND AUTO-SAVE

Monthly Amortization: 1,677.89 Amortization per Payroll Period: 838.95

Monthly Auto-Save: 200.00 Auto-Save per Payroll Period: 100.00

TOTAL DEDUCTIONS

Monthly Deduction: 1,877.89 Deduction per Payroll Period Period: 938.95

FINANCE AND NON-FINANCE CHARGES

Finance Charge: 313.42 System Fee: 260.00

CLI Premium: 950.46 Doc. Stamps: 0.00

Other Fees: 0.00 Others (Renewal): 0.00

Total Fees: 1,523.88

PAYOUT EXISTING LOAN

Payout Loan Description:

Payout Amount(Php): 0.00

PROCEEDS

Gross Loan Amount: 52,000.00 Net Loan Proceeds: 50,476.12

CREDIT DECISION

Recommendation: FOR APPROVAL Loan Maker: ROD RONILLE REYES

Credit Decision: APPROVED Loan Approver: ELENITA RAPANUT

Released Date: 2016/02/22 1st Amortization Date: 2016/03/31

KRISTINE JOY CABATINO LORENZO

____________________________________________
(BORROWER'S NAME)
02/22/2016
 Mobile Loan Saver
Promissory Note

I hereby apply for a Loan in the amount of ( Php 52,000.00 ). I hereby swear that:

1. I am up-to-date in the payment of my existing loan;

2 I have no pending application for retirement or is not due for retirement within the term of
the loan from date of execution hereof;

3 I am a regular/permanent employee /elected official /co-terminus/appointed official of the

LBP EMPLOYEES

4 I am not a respondent/party of any pending administrative or criminal cases; and

5 The statements declared above are true and correct to the best of my knowledge and that the
application is made for the purpose and consideration expressed above. I agree that should
there be any misrepresentation discovered, the Land Bank of the Philippines (LANDBANK)
may cause the outright disapproval of the loan application and if the loan has already
been granted, LANDBANK may immediately declare the loan due and demandable.

I promise to pay to LANDBANK the amount applied for in accordance with the terms and conditions, which I
acknowledge to have read and clearly understood.

KRISTINE JOY CABATINO LORENZO

____________________________________________
(BORROWER'S NAME)
02/22/2016
 Mobile Loan Saver
Terms And Condition For The Salary Loan

1 I hereby agree that the Loan shall be payable in 3 year(s) in equal semi-monthly amortizations payable
through auto-debiting of my ATM Payroll Account maintained at LANDBANK.

2 I hereby agree to pay LANDBANK’s interest on loan at 10.0% per annum. The interest shall be paid in
arrears and shall be computed monthly based on outstanding balance:
I hereby agree that all fees and other charges payable under this Agreement/Note may be increased or
decreased by the Bank at any time during the term of the Loan, pursuant to the regulations of the
Monetary Board of the Bangko Sentral ng Pilipinas and based on LANDBANK’s cost of funding and/or
maintaining the loan or other factors including, but not limited to, any special reserve requirements,
exchange rate fluctuations and changes in the financial market. I shall be notified of the increase or
decrease which shall take effect on the next scheduled amortization period following such notice.
I hereby agree that the foregoing provision shall constitute my express agreement/consent to the rate
of interest that may be charged during the life of the Loan. Should I disagree with the interest rate
adjustment, I shall so inform the Bank in writing and within thirty (30) days from receipt of LANDBANK’
s notice of rate adjustment, prepay the Loan in full together with accrued interest and all other
charges which may be due thereon. If I fail to prepay the Loan as herein provided, LANDBANK may, at
its option and discretion, treat my failure to prepay as my consent to the adjusted interest rate.

3 I hereby agree that other fees such as Credit Life Insurance (CLI) premium, Documentary Stamp Tax
and system fee shall be paid by me.

4 I hereby agree that at the option of LANDBANK, my re-availment of the loan may be allowed on the
anniversary date of the loan provided that the loan payment for the 12th month was received by
LANDBANK.
5 I hereby agree that I may opt to prepay the Loan provided that I shall not be entitled to rebates on the
interest paid.
6 I hereby agree on a penalty fee of 3% per month shall be charged for past due (principal)
amortizations.

7 In case payment is more than the semi-monthly amortization due, each partial prepayment shall be
applied to the semi-monthly amortization in an inverse order. (i.e. to the last maturing amortization or
installment of principal and interest).
8 I hereby agree and authorizes LANDBANK to deduct directly from my ATM payroll account the
amortization due thru DMVAL facility; and in case of my termination or resignation I authorize my
Employer to act as my agent to deduct from my other remunerations the full amount due to
LANDBANK, and my Employer shall remit the same to LANDBANK.
9 I hereby agree that in case of my transfer of work station within the same Agency, (a) my account shall
be transferred to LANDBANK’s servicing branch nearest my new work station (if necessary); (b) my
servicing branch shall transfer the outstanding loan balance to the new servicing branch; (c) my new
servicing branch shall deduct the loan amortization from my payroll account thru DMVAL facility.

10 In the event that the Borrower is terminated or separated from the service of his/her Employer, or
transferred to another Agency, a) the Borrower's outstanding loan shall become due and demandable;
b) the borrower hereby agrees that all his salaries, bonuses, separation/gratuity pay, retirement
benefits and all other benefits due to him from his/her employer and from any other source shall be
withheld by his/her employer and remitted to the Bank to settle the Borrower's outstanding loan to the
Bank; c) if the outstanding loan plus all interest thereon have been fully settled, the Borrower shall
submit to his/her employer a Certification from the Bank certifying that all outstanding obligations to
the Bank have been fully settled by the Borrower.
11 When required by LANDBANK, the Loan shall further be secured by the joint and several signatures of
the principal officers of the Employer (the “Solidary Obligors”) to be evidenced by the Joint and Solidary
Agreement to be executed by the Solidary Obligors in favor of LANDBANK, in form and substance
acceptable to LANDBANK (for private institutions/entities only).
12 12. I hereby agree that in the event (a) I failed to pay LANDBANK when due, any amount which I am
obligated to pay under this Agreement/Note and other documents contemplated herein, or (b) any
representation or warranty by me hereunder or under any certifications, applications for loan or other
documents given to LANDBANK in connection with the Loan is shown to have been incorrect and
misleading in any material respect, or (c) I failed to perform or violates any of the covenants and any
provisions of this Agreement/Note, then LANDBANK may, by written notice to me, declare the Loan
together with the accrued interest thereon and any other sums payable hereunder to be immediately
due and payable without presentment, demand, protest or notice of any kind.

13 Whenever I have several obligations to LANDBANK, including, but not limited to the obligations
hereunder, LANDBANK shall have the right to apply to the payment of any of my obligation which
LANDBANK may, at its option, select, whether or not any one of such obligation is more onerous than
the others, any and all sums LANDBANK may receive from me or from other parties for and in my
behalf, as well as all monies on deposit or account with LANDBANK belonging to me or to my credit.

14 I hereby agree that any legal action, suit or proceedings arising out of or relating to this
Agreement/Note, or the other documentation contemplated hereby may be instituted by LANDBANK at
its option, in the appropriate courts of Manila or any other jurisdiction where my assets or properties,
may be found. I hereby irrevocably submit myself to the jurisdiction of such courts.

15 I hereby agree that I shall pay LANDBANK reasonable attorney’s fees which shall be in an amount equal
to ten percent (10%) of the total amount due, regardless of whether or not LANDBANK institutes a suit
for purposes of collection and any and all costs of litigation in the event LANDBANK is constrained to
institute a court suit to enforce collection of amounts due hereunder or for breach of any terms of this
Agreement/Note.

16 I hereby agree that the beneficiaries declared in my GSIS/SSS insurance policy shall be the same
beneficiaries of Group Credit Life Insurance applied for.

17 I hereby declare and agree that all personal information contained on the loan application is full,
complete and true. In the event that I undergo a medical examination, the statements and
representations thereunder shall take place for the purpose of this application.
18 I hereby understand that the insurance applied for will not become effective until this application is
approved by the Insurance Company at its Home Office.
19 I hereby further declare and agree that, while I am insured in accordance with the terms of the Group
Credit Life Insurance Policy herein applied for, the amount of insurance in force at the time of my
death and not exceeding the maximum amount specified therein, shall be applied as payment to
reduce or extinguish my indebtedness to my Creditor/Assured LANDBANK OF THE PHILIPPINES and,
any excess of the amount of insurance over my indebtedness shall be paid to my beneficiary,
pursuant to the contract of insurance issued by the Insurer, The Philippine American Life and General
Insurance Company.

20 I hereby understand that LANDBANK, as a result of its evaluation or assessment of my online loan
application, may change the loanable amount or the term of loan that I applied for or may deny my
mobile/online loan application without obligation on its part to notify me of the reasons of such
denial.
21 I hereby authorize LANDBANK to obtain and disclose information about me from and to any branch of
LANDBANK, my Employer, any credit reference source, or any third party, for purpose of, among
others, evaluating, verifying and risk management assessment and other requirements with regards
to my online loan application. Further, I hereby confirm and acknowledge that I shall not hold
LANDBANK from any liability that may arise from obtaining or disclosing such information or in
violation of R.A. 1405 or the Bank Deposits Secrecy Law or in violation of RA10173 or the Data Privacy
Act and any other applicable laws.

22 I hereby authorize LANDBANK to disclose information to its third party service provider about my
personal profile including my auto-savings and loan account, for purpose of, among others, access
to, and utilization of the database, which shall be limited solely to the extent necessary to perform
the services with regards to the implementation of the loan application. Further, I hereby confirm and
acknowledge that I shall not hold LANDBANK from any liability that may arise from disclosing such
information or in violation of R.A. 1405 or the Bank Deposits Secrecy Law or in violation of RA10173
or the Data Privacy Act and any other applicable laws.

KRISTINE JOY CABATINO LORENZO

____________________________________________
(BORROWER'S NAME)
02/22/2016
 Mobile Loan Saver
Deed of Assignment

I hereby assign in favor of LANDBANK my salaries, allowances, bonuses, retirement benefits,

separation/gratuity pay, monetary value of my accumulated leave credits and any other moneys/deposits
or benefits (collectively referred to as “Receivable”) due them from my employer or from whatever source.
My liability under this Agreement shall extend to all renewal/s and/or extension of time of payment of the
Loan plus all interest thereon.

To effect the above assignment, I hereby irrevocably appoint and constitute LANDBANK as my true and
lawful attorney-in-fact with full power and authority to apply or use the proceeds of the Receivable in
payment of the Loan plus interest thereon, to collect the amounts due hereunder and endorse any checks
or other instruments and to file any claims or institute any procedures which are necessary to protect
LANDBANK’s right under this Agreement.

KRISTINE JOY CABATINO LORENZO

____________________________________________
(BORROWER'S NAME)
02/22/2016
 Mobile Loan Saver
Authority to Deduct

I hereby authorize:

LANDBANK to debit my ATM Payroll Account No. 0097014701 for the following:

• payment/application to the monthly amortization on this loan, until the loan and all interest and fees
related thereon are fully paid.

• monthly auto-save amount and credit the same to my auto-savings account

The Accounting Department or Collecting Officer/Treasurer of my Employer/Government Unit to deduct the

full amount of my outstanding loan balance including interest and other charges from my salary or from any
form of benefits due me for payment/application for the full payment of my loan obligation and remit the
same to LANDBANK

KRISTINE JOY CABATINO LORENZO

____________________________________________
(BORROWER'S NAME)
02/22/2016
 Mobile Loan Saver
Auto Save Clause

I hereby agree to the following terms and conditions governing the Auto-Save Deposit Account:

1 The signature of the payroll account holder as indicated in the Specimen Signature Card on file with the
servicing Branch shall also be considered as the signature for the Auto-Save Deposit Account.
2 The Auto-Save Deposit Account shall be considered a virtual account and no ATM card/passbook shall
be issued to the account holder.
3 The account holder authorizes the Bank to debit his/her payroll account with the amount of savings
he/she chooses.
4 Balance inquiry may be done through mobile inquiry, LANDBANK iAccess or BancNet online/mobile
banking.
5 ATM withdrawals, LANDBANK ATM/iAccess fund transfer and BancNet online/mobile banking fund
transfer using Auto-Save Deposit Account as source account are disabled.
6 Additional deposits to the Auto-Save Deposit Account as destination account may be done via OTC
deposit, iAccess fund transfer and BancNet online/mobile banking fund transfer.
7 The Auto-Save Deposit Account shall have a minimum ADB of P500 to earn the prevailing savings
interestrate.
8 The Auto-Save Deposit Account shall have a minimum maintaining balance of P100, otherwise, a service
fee of P200.00 per month shall be charged.
9 The Auto-Save Deposit Account shall be subject to a dormancy fee of P200 per month if the account
does not have a deposit or withdrawal transaction for a period of two (2) years.
10 A service fee of P200 per withdrawal shall be charged in excess of one (1) withdrawal per month.
11 The maximum withdrawable amount for the second and subsequent OTC withdrawals per month shall
be net of P100 maintaining balance and P200 service fee per withdrawal.

KRISTINE JOY CABATINO LORENZO

____________________________________________
(BORROWER'S NAME)
02/22/2016
 Mobile Loan Saver
LOAN DISCLOSURE
Land Bank of the Philippines
Mobile Loan Saver Program
Disclosure Statement
(In compliance with R.A. 3765 - "Truth in Lending Act")

PN No: 340-1500-160000567285

Borrower's Name: KRISTINE JOY CABATINO LORENZO

Complete Address: BUENAVISTA SABLAYAN OCCIDENTAL MINDORO

Agency Name: LBP EMPLOYEES

Agency Address: LBP PLAZA CASH DEPT

Gross Loan Granted: Php 52,000.00

Loan Term: 36

Interest Rate: 10.0%

Finance Charge: Php 313.42

Total Finance Charge: Php 313.42

Non-Finance Charges:

Insurance Premium (CLI) Php 950.46

Documentary Stamps Php 0.00

System Fee Php 260.00

Other Fees Php 0.00

Others (Renewal) 0

Total Non-Finance Charges: Php 1,210.46

Total Deductions from Loan: Php 1,523.88

Payout Amount: Php 0.00

Net Loan Proceeds: Php 50,476.12

KRISTINE JOY CABATINO LORENZO

____________________________________________
(BORROWER'S NAME)
02/22/2016
PERCENTAGE OF FINANCE CHARGES TO TOTAL AMOUNT FINANCED (computed in accordance with section 2
(1) of Central Bank (CB) Circular158) EFFECTIVE INTEREST RATE (EIR) IS AT 10.47% WITH A NOMINAL RATE OF
10%

AMORTIZATION SCHEDULE: EVERY 15TH AND END OF THE MONTH

(Schedule of Amortization)

No. From To Interest Due Principal Amount Total Amortization Outstanding Balance

52,000.00

1 03/15/2016 03/31/2016 227.95 611.00 838.95

2 03/31/2016 04/15/2016 213.70 625.25 838.95 50,763.75

3 04/15/2016 04/30/2016 208.62 630.33 838.95

4 04/30/2016 05/15/2016 208.62 630.33 838.95 49,503.09

5 05/15/2016 05/31/2016 217.00 621.95 838.95

6 05/31/2016 06/15/2016 203.44 635.51 838.95 48,245.63

7 06/15/2016 06/30/2016 198.27 640.68 838.95

8 06/30/2016 07/15/2016 198.27 640.68 838.95 46,964.27

9 07/15/2016 07/31/2016 205.87 633.08 838.95

10 07/31/2016 08/15/2016 193.00 645.95 838.95 45,685.24

11 08/15/2016 08/31/2016 200.26 638.69 838.95

12 08/31/2016 09/15/2016 187.75 651.20 838.95 44,395.35

13 09/15/2016 09/30/2016 182.45 656.50 838.95

14 09/30/2016 10/15/2016 182.45 656.50 838.95 43,082.35

15 10/15/2016 10/31/2016 188.85 650.10 838.95

16 10/31/2016 11/15/2016 177.05 661.90 838.95 41,770.35

17 11/15/2016 11/30/2016 171.66 667.29 838.95

18 11/30/2016 12/15/2016 171.66 667.29 838.95 40,435.77

19 12/15/2016 12/31/2016 177.25 661.70 838.95

20 12/31/2016 01/15/2017 166.17 672.78 838.95 39,101.29

21 01/15/2017 01/31/2017 171.40 667.55 838.95

KRISTINE JOY CABATINO LORENZO

____________________________________________
(BORROWER'S NAME)
02/22/2016
No. From To Interest Due Principal Amount Total Amortization Outstanding Balance

22 01/31/2017 02/15/2017 160.69 678.26 838.95 37,755.48

23 02/15/2017 02/28/2017 134.47 704.48 838.95

24 02/28/2017 03/15/2017 155.16 683.79 838.95 36,367.21

25 03/15/2017 03/31/2017 159.42 679.53 838.95

26 03/31/2017 04/15/2017 149.45 689.50 838.95 34,998.18

27 04/15/2017 04/30/2017 143.83 695.12 838.95

28 04/30/2017 05/15/2017 143.83 695.12 838.95 33,607.94

29 05/15/2017 05/31/2017 147.32 691.63 838.95

30 05/31/2017 06/15/2017 138.11 700.84 838.95 32,215.47

31 06/15/2017 06/30/2017 132.39 706.56 838.95

32 06/30/2017 07/15/2017 132.39 706.56 838.95 30,802.35

33 07/15/2017 07/31/2017 135.02 703.93 838.95

34 07/31/2017 08/15/2017 126.59 712.36 838.95 29,386.06

35 08/15/2017 08/31/2017 128.82 710.13 838.95

36 08/31/2017 09/15/2017 120.76 718.19 838.95 27,957.74

37 09/15/2017 09/30/2017 114.89 724.06 838.95

38 09/30/2017 10/15/2017 114.89 724.06 838.95 26,509.62

39 10/15/2017 10/31/2017 116.21 722.74 838.95

40 10/31/2017 11/15/2017 108.94 730.01 838.95 25,056.87

41 11/15/2017 11/30/2017 102.97 735.98 838.95

42 11/30/2017 12/15/2017 102.97 735.98 838.95 23,584.91

43 12/15/2017 12/31/2017 103.39 735.56 838.95

44 12/31/2017 01/15/2018 96.92 742.03 838.95 22,107.32

45 01/15/2018 01/31/2018 96.91 742.04 838.95

46 01/31/2018 02/15/2018 90.85 748.10 838.95 20,617.18

47 02/15/2018 02/28/2018 73.43 765.52 838.95

48 02/28/2018 03/15/2018 84.73 754.22 838.95 19,097.44

KRISTINE JOY CABATINO LORENZO

____________________________________________
(BORROWER'S NAME)
02/22/2016
No. From To Interest Due Principal Amount Total Amortization Outstanding Balance

49 03/15/2018 03/31/2018 83.71 755.24 838.95

50 03/31/2018 04/15/2018 78.48 760.47 838.95 17,581.73

51 04/15/2018 04/30/2018 72.25 766.70 838.95

52 04/30/2018 05/15/2018 72.25 766.70 838.95 16,048.33

53 05/15/2018 05/31/2018 70.35 768.60 838.95

54 05/31/2018 06/15/2018 65.95 773.00 838.95 14,506.73

55 06/15/2018 06/30/2018 59.62 779.33 838.95

56 06/30/2018 07/15/2018 59.62 779.33 838.95 12,948.07

57 07/15/2018 07/31/2018 56.76 782.19 838.95

58 07/31/2018 08/15/2018 53.21 785.74 838.95 11,380.14

59 08/15/2018 08/31/2018 49.89 789.06 838.95

60 08/31/2018 09/15/2018 46.77 792.18 838.95 9,798.90

61 09/15/2018 09/30/2018 40.27 798.68 838.95

62 09/30/2018 10/15/2018 40.27 798.68 838.95 8,201.54

63 10/15/2018 10/31/2018 35.95 803.00 838.95

64 10/31/2018 11/15/2018 33.70 805.25 838.95 6,593.29

65 11/15/2018 11/30/2018 27.10 811.85 838.95

66 11/30/2018 12/15/2018 27.10 811.85 838.95 4,969.59

67 12/15/2018 12/31/2018 21.78 817.17 838.95

68 12/31/2018 01/15/2019 20.42 818.53 838.95 3,333.89

69 01/15/2019 01/31/2019 14.61 824.34 838.95

70 01/31/2019 02/15/2019 13.70 825.25 838.95 1,684.30

71 02/15/2019 02/28/2019 6.00 832.95 838.95

72 02/28/2019 03/15/2019 6.92 851.35 858.27 0.00

KRISTINE JOY CABATINO LORENZO

____________________________________________
(BORROWER'S NAME)
02/22/2016
 No. From To Interest Due Principal Amount Total Amortization Outstanding Balance

COLLATERAL: ASSIGNMENT OF WAGES AND BENEFITS

ADDITIONAL CHARGES IN CASE CERTAIN STIPULATIONS ARE NOT MET BY BORROWER; PENALTY OF 3% PER MONTH
ON THE UNPAID PRINCIPAL DUE.

I AGREE TO THIS STATEMENT PRIOR TO THE CONSUMATION OF THE CREDIT TRANSACTION AND I UNDERSTAND AND
FULLY AGREE WITH THE TERMS AND CONDITIONS THEREOF.

KRISTINE JOY CABATINO LORENZO

____________________________________________
(BORROWER'S NAME)
02/22/2016