EASY HOME LOAN

Davao Lending Center

ACCOUNT NAME : MUJIK BRACIL

COMPUTATION ON MONTHLY DISPOSABLE INCOME:

SOURCES:
Monthly Salary - Husband P' 250,000.00
Monthly Salary - Wife P' 100,000.00
Total P' 350,000.00
Other Benefits (Commission) -
Total Income 350,000.00
Less: Monthly Deductions (including housing & car loans) P' 25,000.00
GROSS INCOME (Net of Existing Debt Service) P' 325,000.00

MONTHLY EXPENSES:
Living Utilities, Education, Transportation P' 120,000.00

NET DISPOSABLE INCOME P' 205,000.00

Less: Estimated Amortization of Proposed EHL
(@ 9% for 10 years) P' 112,212.51

NET INCOME AFTER LBP DEBT SERVICE P' 92,787.49

BORROWING LIMITS WITH RESPECT TO

1.) LOANABLE AMOUNT (Lowest of the following)
Loan Value of Offered Colla(60% of Appraised Value) P' 3,360,000.00
70 : 30 Project Cost Sharing TPC = 5,600,000 P' 3,920,000.00
Debt Service Capacity P' 5,600,000.00
Actual Need P' 4,000,000.00

2.) MONTHLY AMORTIZATION : lower of the following:

35% of Gross Income P' 113,750.00
70% of Net Disposable Income P' 143,500.00

3.) MAXIMUM AVAILABLE TERM OF LOAN

Program Limits (Remaining Useful life of collateral) 20 years
Age Factor (Ms. Calais is 31 years old) 34 years
Term of Loan 20 years

Prepared by: Noted by: Noted by:

ANNA M.C. A. BARTOLOME VICTORIA A. MAGNAYE CHARLOTTE I. CONDE
Account Officer Head, AMU-Davao LC DM/Head, Davao Lending
Center

5,600,000
0.0063 7.5%
60 5

112,212.51
E I. CONDE
avao Lending
Computation of Loanable Amount
For Borrowers Engaged in Business

Net Income Before Tax 632,940.50 365,823.34

Income Tax 167,540.96 84,747.00
Net Income After Tax 465,399.54 281,076.34

Net Monthly Income 38,783.30 23,423.03

35% of NMI 35% 13,574.15 8,198.06 21,772.21

Loan Limits 10 years

Capacity to pay
Loan Value of Collateral

4,400,000.00
0.0075 9%
120 10

55,737.34