PROMISSORY NOTE

&

AUTHORIZATION FOR VOLUNTARY PAYROLL DEDUCTION

This PROMISSORY NOTE (the "Agreement") made and executed this 2022/02/22 (PST), by and
among:

NEW CROSS CREDIT AND FINANCING GATE PH Inc., a licensed financing company regulated by
Securities and Exchange Commission (SEC) and doing business with the registered trademark of
"SAVii", with principal office in 16F M1 Tower, 141 HV Dela Costa Street, Salcedo Village, Makati
City, hereinafter referred to as "Lender";

-and-

Michael Angelo Cos Sapilan / michaelsapilan84@gmail.com, Filipino of legal age, MARRIED, with
residence at 11 m.h del pilar st. Brgy.maytunas san juan city San juan, Metro Manila 1500,
hereinafter referred to as "Borrower";

FOR VALUED RECEIVED, the BORROWER promises to pay the LENDER, the Total Installment
Payable, the sum of Seventeen Thousand Forty Pesos And Three Centavos / Php 17040.03,
without the need of notice or demand in the following manner:

Weekly Installment Php 321.51 inclusive of interest;

No. of Installments 53 commencing on 2022/02/23 (PST)
Maturity Date: 2023/03/01 (PST)
Purpose of Loan: HOME_REPAIRS_AND_IMPROVEMENT

Total Installment Payable (principal + interest) has been calculated using an effective yield of
72.31056071910001% per annum.

The rate expressed as Stated Interest is equal to 3.5% per month (rounded to two decimal places).

1. SAVii Website Terms and Conditions. All parties agree that they have read and agreed to all
the Terms & Conditions, Privacy Policy and other materials available on www.savii.io;

2. Warranties and Representations. Borrower hereby represents and warrants to Lender as

follows:

1. Borrower has provided accurate and truthful information in relation to the loan agreement;
2. There is no legal case in progress or pending against the borrower that may impair his
ability to repay the loan;
3. Borrower may enter into and perform their obligations under the loan agreement;
4.
 4. Borrower is not subject to any of the statuses or conditions under clause 12 herein
("Events of Default")
5. Borrower has thoroughly read and reviewed the terms and provisions of this Agreement
and the other Loan Documents and is familiar with same, and Borrower has entered into
this Agreement voluntarily, without duress or undue influence of any kind.

3. Agreeing to the Promissory Note and Authorization for Voluntary Payroll Deduction. The
Borrower understands that by accepting the below terms and conditions he/she is agreeing with
the Promissory Note and Authorization for Voluntary Payroll Deduction ("Authority to Deduct")
for their Employer via the attachment of an Electronic Signature. The term "Employer" as used
in this Agreement refers to the entity who, at the time this Agreement is executed, is the current
employer of the Borrower that is responsible for the payment of the monthly or bi-monthly
salary of the Borrower and possesses all the powers of an employer under the Labor Code of
the Philippines, or to the entity or entities which, after the Borrower shall have had his/her
employment relationship terminated whether voluntarily or involuntarily, shall thereafter become
responsible for the payment of the monthly or bi-monthly salary of the Borrower and possesses
all the powers of an employer under the Labor Code of the Philippines. Provided, that both
Employers as defined in this section shall be an accredited Employer Partner of the Lender’s
Salary Loan Program. Provided, further, that for loans contracted beginning from 14 September
2020 until 31 December 2020, or any other period provided under Section (uu) of RA 11494 or
the Bayanihan To Recover As One Act, and which have amortizations which fall due under the
said period, Borrower acknowledges and consents that the Authority to Deduct from any
amounts owed from Employer remains valid and subsisting. Provided, further, that should
Borrower’s Employer presently or in the future be enrolled in Lender’s Auto Debit Arrangement
(“ADA”) program, Borrower authorizes Employer and Lender to effect the above deductions
through the auto debit arrangement subject to the applicable terms and conditions of the ADA
program. Borrower finally acknowledges that the deductions are in consideration for the
extension of credit during such period, and that such payments are voluntary in nature, as
allowed under applicable rules and regulations, and which Borrower fully authorizes with full
knowledge of his/her rights under the law, the implications of which he/she is aware or have
been made known to him/her.

4. Electronic Signatures. This Agreement may be executed and delivered by electronic means
and upon such delivery, the electronic signature will be deemed to have the same effect as if
the original signature had been delivered to the other party. It is understood the borrower can
access their loan agreement and details of the loan on their online account.

5. Purpose. The LOAN shall be used only for the purpose approved by the LENDER once a loan
is approved;

6. Loan Release. The LOAN shall be released to the Borrower through bank transfer to the
Borrower's Bank Account. No release under the Loan shall be made unless the Borrower
complies with all the conditions required by the Lender and the provisions of this Agreement.
The Borrower's receipt of the Loan, or any portion thereof, shall signify his/her agreement to all
the terms and conditions of the Agreement.

7. Authorization of Voluntary Payroll Deduction. For this purpose, the BORROWER hereby
authorizes his/her Employer and/or Human resources/Administrative/Accounting/Finance
 7.

Department of his/her Employer to deduct/collect his/her salaries and employment benefits, as

defined below, and remit the same to the LENDER as payment of the LOAN. In case the
assigned amount is insufficient to satisfy the remaining unpaid obligation, the BORROWER
undertakes to coordinate with the purpose of obtaining a Personal LOAN to cover the said
amount. It is understood and agreed that this agreement shall constitute the Authorization of
Voluntary Payroll Deduction for the Employer as required by applicable rules and regulations.

8. Fulfilment of Obligation. The BORROWER will duly observe and perform all material
obligations and undertakings on its part to be observed and performed under or in connection
with his/her LOAN, will duly observe and perform all material provisions, covenants and other
agreements required to be observed by it under this agreement, will do nothing to impair the
rights and interest of the LENDER. Hence, the BORROWER may authorize her/his employer to
deduct his/her salaries and remit the same to the LENDER as payment of the LOAN in
circumstances that there are declared national emergency, payment holiday, credit relief
program, calamity or events and circumstances that are covered by Article 1174, 1250 and
1680 of The Civil Code of the Philippines. In recognition of the BORROWER'S reasonable
measures to prevent or remove inability to fulfill his/her obligation, he/she may remit payment to
payment facilities authorized by the LENDER

9. Fees and Charges. The Borrower agrees to all LENDER fees and charges. The Borrower
shall, for his/her own account, pay all reasonable costs, charges, fees, and/or expenses
incurred in connection with the release of the Loan, and any other documentation required
thereunder and /or any amendment of the Agreement, which total reasonable costs, charges,
fees, and/or expenses may include a service fee, a processing fee, documentary stamp tax,
and other legal fees. All applicable fees, charges, and/or interests on the Loan shall be
indicated in the Dashboard. Any payment made by the Borrower to the Lender shall be applied
in the following order:

1. against reasonable costs, expenses and indemnities due hereunder, if any;

2. against service fees;
3. against the principal amount of the Loan then due and payable;
4. against the late payment fee/s, if any.

10. Assignment.In the event of resignation or the occurrence of any incident that would result in
the termination of employment, the BORROWER is deemed to have automatically assigned,
transferred, conveyed, and set over unto the LENDER, its successors and/or assigns, his/her
salaries and wages, and all benefits arising from or accruing to the BORROWER's Employment
at EMPLOYER CORP NAME or succeeding employers as provided for in Section 3, including
the BORROWER's separation, retirement benefit, convertible vacation leaves, and other
benefits that may be collected from the BORROWER's employer (hereafter "Salaries and
Employment Benefits"), or any amount of his/her salaries and employment benefits which may
be deducted/collected by my employer and remitted to the LENDER as payment of the LOAN.
The entire proceeds of the BORROWER'S Salaries and Employment Benefits are transferred
to the LENDER so much thereof as will be sufficient to pay all obligations in connection with
said LOAN it being understood that the LENDER acquires full and absolute ownership over
said benefits and total control thereof immediately upon non-payment of the LOAN or any
obligation arising from it and in accordance with the terms of this NOTE, and may at any time in
its discretion collect and hold the same and/or immediately charge the sum afore stated against
 the benefit herein assigned, without the necessity of any further notice, making the
corresponding entry or entries in its books. Should BORROWER’s Employer be enrolled in
LENDER’s ADA program, Employer likewise acknowledges and authorizes LENDER to effect
such deduction through the ADA. It is further understood that this assignment shall be
continuing and shall stand as a security of the LOAN, its renewals or extensions, the interests,
penalties, and fees due thereon and expenses incurred, as well as any and all other obligations
to the LENDER, of whatever kind and nature, whether absolute or contingent, direct or indirect,
principal or secondary, as appear in the accounts, books and records of the LENDER now or at
any time after the date of this instrument. The BORROWER hereby certifies and guarantees
that he/she has the legal right and authority to enter into this Agreement; that he/she has not
heretofore assigned or otherwise disposed of the aforesaid Salaries and Employment Benefits
and that there is no order, garnishment, attachments or liens outstanding affecting the same in
any way. Provided, that in the event of resignation or termination of employment as herein
described, a BORROWER may opt to continue deductions with a new employer who is likewise
a Salary Loan Program partner of the LENDER. For such purposes, a BORROWER must
provide proof of such new employment to the to the LENDER’s satisfaction, which shall at
minimum consist of a Contract of Employment or its equivalent duly-executed by the
BORROWER and the new employer and Employment and such employee identification as may
be issued by the new employer. Should these requirements be complied with within forty-five
(45) days from the effectivity of the termination of BORROWER’s employment, LENDER shall
refund to BORROWER any amounts deducted from BORROWER’s salaries and employment
benefits under this section. It is understood that failure to comply with this requirement within
the period of forty-five (45) days shall result in the loss of eligibility for refund of final pay, but
that a BORROWER may nevertheless continue to avail of continued amortizations for any
balance that remains outstanding.

11. Change/s on the Interest Rate. Notice of any change in the agreed rate of imposable interest
shall be sent to the undersigned BORROWER's mailing address given above. Within five (5)
days, the undersigned BORROWER/s must settle its obligation in full if it does not agree with
the new rate. Non-settlement of the obligation would be deemed as full and freely given
consent to the new rate, period or duration if any.

12. Events of Default. Upon the happening of any of the following events, the LENDER may at its
option, accelerate the maturity of this NOTE and the entire outstanding amount of this NOTE
shall automatically become due and payable without demand or notice, or if the NOTE is
denominated in a foreign currency, automatically redenominate the currency of the NOTE into
Philippine currency, likewise without further notice:

1. Any interest or installment is not paid on the due date;

2. The BORROWER dies or becomes insolvent (i.e., could no longer pay the undersigned
BORROWER's obligations as they fall due) or any proceeding for dissolution, insolvency,
suspension of payment, receivership, voting trust, foreclosure, attachment, garnishment,
execution or similar act, is filed or commenced against the undersigned BORROWER/s;
3. In case of conviction for a criminal offense with final judgment carrying with it the penalty
of civil interdiction affecting the finances of the undersigned BORROWER;
4. In case of resignation, termination or severance from employment of the BORROWER
from his/her employer;
 5. In case of the allowance of the portability of any remaining balance under Section 10
hereof, where the Borrower’s subsequent employment with another partner company
does not materialize;
6. The Borrower breaches its obligations of payment, when due;
7. Proceedings are taken against the Borrower or his/her property, or the criminal case is
conducted against the Borrower, which in the opinion of the Lender, may have a
significant adverse effect on the Borrower's ability to perform its obligations under this
Agreement;
8. The Borrower commits or threatens to commit a breach of any of the terms and conditions
of the Agreement;
9. The Borrower losses capacity for civil acts;
10. Any of the Borrower's declaration or representation set out in these Terms and Conditions
or the Loan Agreement relating to the Loan, as varied from time to time, is or becomes
untrue;
11. If any governmental authority condemns, nationalizes, seizes or otherwise expropriates,
or seals, blocks or freezes, or uses for public purposes or for the purposes of national
defense or security and other similar special circumstances, all or any substantial part of
the property or other assets of the Borrower;
12. If any provision of these terms and conditions governing the Agreement is, or is alleged
by the Borrower to be, or is declared by any governmental authority or court to be,
ineffective, invalid, illegal or void, in whole or in part, subject to clause 27 herein;;
13. If a court of competent jurisdiction issues a judgment or decision against the Borrower; or
an arbitration body of competent jurisdiction issues an award against the Borrower; or
14. An event occurs or circumstances arise which gives the Lender reasonable grounds to
believe that the Borrower may not be able to perform or comply with any obligations.

13. Remedies for Collection and Assignment and Sale of Debt. That in the event of
delinquency or default, the LENDER may endorse the delinquent account to its accredited
collection agency/agent, or from one accredited agency/agent to another. The LENDER may
assign, transfer and convey any or all of its rights and interest over this NOTE and the
Collateral, if any, without the consent of the BORROWER

14. Effects of Default. If the BORROWER is in default, such default shall have the following
effects, alternative, concurrent and cumulative with each other:

All outstanding LOAN obligations of the BORROWER with the LENDER, including all
unpaid applicable fees, charges, and/or interests, shall automatically become due and
payable without the need of notice, demand, or protest of any kind, all of which are herein
expressly waived by the Borrower. The BORROWER may opt to continue their monthly
amortization without changing the terms and conditions of payment by issuing Post-Dated
Checks subject however to the approval of the LENDER which decision shall be final and
unappealable.
The undersigned BORROWER/s shall pay, in addition to the stipulated interest, a penalty
fee equivalent to 5.00% of the past due amount or PHP500.00, whichever is higher, per
repayment schedule on all past due amounts until fully paid.
The undersigned BORROWER/s shall also pay, as and for the legal fees and/or collection
fees, a sum equivalent to thirty percent (30%) of the total amount due under this NOTE
but in no case less than TEN THOUSAND PESOS (PhP10,000.00), plus expenses and
 costs of collection, in case this NOTE is placed in the hands of an attorney and/or
collection agency for collection.
The LENDER shall be entitled to apply in payment of the outstanding obligations any and
all money/properties of the BORROWER, which for any reason, are presently or may
hereafter come into the possession of the LENDER. For this purpose, I hereby authorize
and empower the LENDER, at any time and its portion, without notice, to set off or apply
to the payment of any amount due under this NOTE and/or any other obligation of all or
anyone of the undersigned, whether as principal or secondary obligor, to the LENDER,
irrespective of the date of maturity, whether or not the obligation is then due, any or all
monies, securities and things of value which are now or which may hereafter be in the
credit of or belonging to any or all of the undersigned BORROWER/s, and the LENDER is
hereby further authorized and empowered to sell at public or private sale such securities
or things of value and to apply the proceeds thereof to such payment.
The LENDER shall have the right to exercise, alternatively, concurrently and cumulatively,
all other rights and remedies now or hereafter available to it under the applicable law and
take such action and exercise such remedies in order to protect and enforce its rights
under the Agreement; and the applicable fees, charges, and/or interests on the Loan, as
indicated in this Agreement, shall continue to run until full payment of the Loan, including
all fees, charges, and/or interests, have been paid.
Should the BORROWER default in obligations with the LENDER, the LENDER is
authorized to report, which report shall be based on factual details and information within
the possession of the LENDER, such default and the reason(s) therefore to any central
monitoring entity or body established by the government or any private entity to record
and monitor the mishandled loans of its member Lenders. The LENDER, its officers, and
employees will be free and harmless from any and all liabilities, claims, and demands of
whatever kind or nature in connection with or arising from reporting of the default and the
reason(s) therefore.
The rights available to the Lender under the Agreement may be exercised by the Lender
alternatively, successively, concurrently, and/or cumulatively, at the option of the Lender

15. Disclosure of Information. The BORROWER consents and agrees that the LENDER may
acquire, process, retain, share, transfer, disclose, communicate and exchange any information
relating to the Promissory Note and its incidental transactions, to persons other than the
LENDER as may be deemed necessary by LENDER for approval of the loan application and
transactions, references, referrals, cross-selling, customer satisfaction surveys, and products
and services.

LENDER and any of its branches, subsidiaries, affiliates, agents and representatives, and third
parties selected by any of them, wherever situated, may transfer, disclose, communicate and
exchange BORROWER's information as may be required by law, regulation, court, regulator, or
legal purpose, whether within or outside the Philippines, for the fulfillment of the obligations
under this Agreement, including but not limited to credit information companies, credit bureaus,
financial institutions, banking and credit industry associations, credit protection provider or
guarantee institutions, brokers, payment schemes, insurers, and underwriters(collectively
"Credit Entities"); to any judicial, governmental, regulatory or supervisory body of the
Philippines including reporting under the Foreign Account Tax Compliance Act (FATCA); to
representative, agents or service providers outsourced by LENDER, whether within or outside
the Philippines, to perform data processing, collection, consolidation, storage and other
 services in fulfilling the products, features and benefits, services, and facilities; and to such
other persons or entities that LENDER or the Credit Entities, or the representative, affiliates,
agents or service providers outsourced by LENDER may engage with to fulfill any or all
services contained in this Agreement.

16. Fortuitous Event. For the purpose of this Agreement, a "Fortuitous Event" means any
circumstance not within the reasonable control of the Party affected, but only if and to the
extent that (i) such circumstance, despite the exercise of reasonable diligence and the
observance of Good Utility Practice, cannot be, or be caused to be, prevented, avoided or
removed by such Party, and (ii) such circumstance materially and adversely affects the ability of
the Party to perform its obligations under this Agreement, and such Party has taken all
reasonable precautions, due care and reasonable alternative measures in order to avoid the
effect of such event on the Party's ability to perform its obligations under this Agreement and to
mitigate the consequences thereof. Either Party shall be excused from performance and shall
not be in default in respect of any obligation hereunder to the extent that the failure to perform
such obligation is due to a Fortuitous Event. BORROWER suffers the loss even if caused
exclusively by a fortuitous event and he is not, therefore, discharged from his duty to pay his
loan obligation. As a relief for a fortuitous event, a BORROWER is given a thirty (30)-day grace
period for the payment of all loans, falling due within the period of fortuitous event without
incurring interests, penalties, fees, or other charges. BORROWER with multiple loans shall
likewise be given the minimum thirty (30)-day period for every loan.

17. Data Privacy, Data Processing and Sharing Consent. The BORROWER hereby explicitly
consents, authorizes, allows, and permits his/her information to be processed by the Lender
and shared between their EMPLOYER and the LENDER, provided the same is for a legitimate
business purpose, to the extent necessary to secure fulfillment of the obligation under this
Agreement, and that the processing is in full compliance with the Philippine Data Privacy Act of
2012 and its Implementing Rules and Regulations (collectively "Data Privacy Act").

The following personal information may be processed and shared between the LENDER and
the EMPLOYER:

Employee ID Number;
Date of Hire;
A
End of contract date;
Employment Status;
Loan Number
B Full Name
Monthly amortization

Provided that nothing in this agreement is to be deemed as a waiver by the BORROWER of the
following rights under the Data Privacy Act:

1. Right to Information
2. Right to Object
3. Right to Access
4. Rectification
5.
 5. Right to Erasure or Blocking
6. Right to Damages
7. Right to Data Portability
8. Right to file a Complaint

18. Extensions/Renewals of the Note. No extension or renewal of this NOTE shall be valid and
binding unless approved in writing by the authorized officer/s of the LENDER and as agreed to
by the undersigned BORROWER/s in accordance with the policies of the LENDER. Should this
NOTE be signed by more than one BORROWER, the BORROWER or anyone of the co-
makers /s may, with the consent of the LENDER thereof, renew or extend the original or
subsequent maturity date/s hereof for a portion or the whole amount of the principal without
notice to the other/s, and in such case, the liability of the other co-maker/s to the LENDER shall
remain joint and several. Any such renewals or extensions shall in no case be understood as a
novation of this NOTE or any provision hereof, and the undersigned BORROWER/s shall
continue to be liable for the payment of the NOTE.

19. Prepayment/Pre-termination Fee. The period of time given forms part of the consideration of
this LOAN, and should the BORROWER/s prepay the LOAN prior to maturity date, the
BORROWER/s agree to pay the outstanding balance plus any unpaid interest, an early
settlement fee which is 5.00% of the outstanding balance or PhP500.00, whichever is higher,
and other costs which may be incurred in connection thereof.

20. Consent to Electronic Transactions and Disclosures. As the LENDER only operates online,
it is necessary for the BORROWER to consent to transact business with the LENDER online
and electronically. As part of doing business with us, therefore, we also need you to consent to
our giving you, certain disclosures electronically, either via our website, a third-party website or
platform or to the verified email address you provided during registration (as such address is
updated in accordance with the Terms of Use and in accordance with the terms of section 15(c)
of the Data Privacy Act). By entering into this Agreement, you consent to receive electronically
all documents, communications, notices, contracts and agreements arising from or relating in
any way to your or our rights, obligations or services under this Agreement (each, a
"Disclosure"). This document informs you of your rights concerning Disclosures and Electronic
Transactions and Disclosures. Any Disclosures will be provided to you electronically, either on
our website, a designated third-party website or platform or via electronic mail to the verified
email address you provided during registration (as such address is updated in accordance with
the terms and conditions). Your consent to electronic delivery will apply to all future tax
informational returns and forms unless consent is withdrawn by you. For more details, please
refer to our Terms and Conditions.

21. Waivers. In case of judicial execution of the BORROWER's obligation hereunder, the rights of
the undersigned under Rule 39, section 12 of the Rules of Court are hereby waived. The
BORROWER hereby waives his/her right under Article 1252 of the Civil Code of the Philippines
(Republic Act No. 386) to designate the application of his/her payments and hereby irrevocably
authorize the LENDER to apply any of the BORROWER's accounts that may have been or may
hereafter be granted any payment to be made by the BORROWER for and in his/her behalf,
regardless of the BORROWER's instructions to the contrary and regardless of whether one
account is more onerous than the others or one or all accounts due or not.

22.
 22. No Implied Waivers. No failure, omission or delay on the part of the LENDER in exercising any
right or power hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of any such right or power preclude any other or further exercise thereof or the
exercise of any other right or power hereunder. No modification or waiver of any provision of
this NOTE and no consent to any departure by the Borrower therefrom, shall any event be
effective unless the same be in writing, and then such waiver or consent shall be effective only
in the specific instance and for the purpose for which given. No notice or demand on the
BORROWER, in any case, shall entitle it to any other or further notice or demand in similar or
other circumstances.

23. Taxes. Any and all taxes, charges, or assessments of whatever kind of nature to which this
NOTE, at any time or in the future may be subject, shall be for the sole and exclusive account
of the BORROWER.

24. Right to Assign. The LENDER may assign, transfer and convey any or all of its rights and
interest over this NOTE and the Collateral, if any, without the consent of the BORROWER.

25. Lender Records as Evidence. The books of the LENDER shall be final and conclusive
evidence concerning the amount due and owing to it from the BORROWER/s under this NOTE,
in the absence of manifest error.

26. Venue. Any court action arising under or by virtue of this NOTE shall be instituted in the proper
court of Makati City, to the exclusion of all other courts. By its signature hereunder, the
BORROWER irrevocably submits to such venue.

27. Separability Clause. If any provision of this NOTE is deemed to be invalid or unenforceable or
is prohibited by the laws of the Philippines, this NOTE shall be considered divisible as to such
provisions shall be inoperative and shall not be part of the consideration moving from either
party to the other. The remaining provisions of this NOTE, however, shall be valid and binding
of like effect as though such provisions were not included herein.

28. Waiver and Quitclaim. The BORROWER accordingly releases and frees the LENDER from
any losses or liabilities that may arise from any acts under this Agreement or committed in
furtherance thereof.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set
forth above.

Michael Angelo Cos Sapilan

The signatory above agreed on this contract dated 2022/02/22 Philippine Standard Time.
 NEW CROSS CREDIT GATE PH INC

SAVii

DISCLOSURE STATEMENT ON LOAN TRANSACTION

(As Required under R.A. 3765, Truth in Lending Act)

Execution Date: 2022/02/22

Loan Number: 212143
Promissory Note Number: 212143
Disclosure Statement Number: 212143

Name of borrower: Michael Angelo Cos Sapilan

Date of Birth: December 20, 1992

Issued Date: 2022/02/22

Maturity Date: 2023/03/01

1. LOAN GRANTED (Amount to be finance): Php 12000.00

2. FINANCE CHARGES:

1. Loan Service Fee (7.50%): Php 900.00

2. Bank Fee: Php 95.00
3. Others (Specify): Instapay Charges (Php25.00 per Php50,000 Net Proceeds Disbursed)

3. OTHERS:

1. Refinancing Balance if any: Php 0

2. Others (Specify):

4. Total Deductions: Php 995.00

5. NET PROCEEDS OF LOAN: Php 11005.00

6. INTEREST RATE:

1. Effective Yield: 72.31056071910001%

2. Stated Interest: 3.5% per month
3. Total Interest: Php 42.0 for the life of the loan (Php 12000.00)
4. Annualized Interest: 42.0%

7.
 7. SCHEDULE OF PAYMENT

1. Total Installment Payable (principal + interest): Php 17040.03

2. Number of payments 53 in Weekly mode of payments Php 321.51
3. Commencing on 2022/02/23 with maturity date 2023/03/01

8. ADDITIONAL CHARGES IN CASE CERTAIN STIPULATIONS ARE NOT MET BY THE

BORROWER

Nature
a. Pre-termination Fee
b. Late Payment Fee
c. Legal & Collection Fees
Rate
5% or Php500 whichever is higher PLUS outstanding balance
(principal + interest)
5% or Php500 whichever is higher per repayment schedule
30% or Php10,000 whichever is higher of total amount due

9. TOTAL OUTSTANDING BALANCE:

1. As of 2022/02/22
2. Total Installment Payable (principal + interest): Php 17040.03

10. PURPOSE OF LOAN: HOME_REPAIRS_AND_IMPROVEMENT

Unless otherwise specified on the face hereof, all amounts resulting from any calculation indicated on this
Promissory Note will be rounded to the nearest two decimal points. Any potential over or underpayment
resulting from such rounding will be duly adjusted and reflected in the final payment due. Amortization
schedule as provided is indicative. The first amortization deduction shall be the succeeding payroll date after
actual disbursement of loan proceeds through your nominated disbursement method, or on the next succeeding
payroll period date as may be required by administrative processes or other cause. In no instance shall
amortizations commence prior to actual disbursement. In case of refinancing of a prior loan, amortizations
already deducted by your employer but not yet remitted to SAVii as of the time of the refinancing application
will be duly reflected in your net loan proceeds at the time of disbursement.