IQ BACKOFFICE MULTI-PURPOSE COOPERATIVE

LOAN APPLICATION

LOAN TYPE Mothers Day Promo COOP MEMBER YES X

*If no, the borrower will require a minimum of two member guarantors

NAME OF BORROWER
Last Name First Name Middle Name
EMPLOYEE# SSS ID #

*Please take note that if in case of resignation, retirement or separation, and if borrower failed to settle his/her arrears before leaving IQB, the guarantor shall deem liable
in settling the remaining payables.

GUARANTOR 1: GUARANTOR 2:
Signature over printed Name Signature over printed Name

LOAN INFORMATION (to be completed by IQ Coop) LOAN PAYOFF

AMOUNT TERM (in months) MONTHLY INTEREST Semi-monthly amortization: 2,166.67
20,000.00 6 5.0% Admin Fees (Fixed)* 200.00
Loan Proceeds 19,800.00
LOAN COMPUTATION (to be completed by IQ Coop)
Principal Total Interest Total Loan *To be deducted from loan proceeds
20,000.00 6,000.00 26,000.00 *Deductions will start after two (2) payroll cycles from the date of receipt of proceeds

IQ COOP AND FINANCE APPROVAL HRD CERTIFICATION

Share Capital This certifies that principal borrower's net take home pay and all other

information herein are correct and within the limit set by the COOP.

Approver 1 Signature over printed Name Date

Approver 2 Signature over printed Name Date Signature over printed Name

*All loans require two approvers HRD Authorized officer

 AUTHORITY TO DEDUCT (for Non-members only)
This is to authorize the deduction from my semi-monthly salaries commencing on May 12 2022 up to October 27, 2022 the amount of PH20,000.00 representing my loan
payments to IQB. In the event that I will go on leave for any reason and my salary will be advanced by my employer, I also authorize to collect in advance my semi-monthly
amortizations dues while am on leave. This Authority is automatically deemed null and void after the last salary deduction date Is effected or after my loan with ----- Is fully
paid.

Promissory Note (for Non-members only)

Maturity Date:October 27, 2022                                                  Amount: PH 20,000.00

          For value received, I/we jointly and severally promise to pay IQB Multi-Purpose Cooperative, or order, the sum of PESO:Twenty thousand(P20,000) on October 27, 2022
equal semi-monthly salary deductions and I hereby authorize my employer IQB to deduct
from my salary every payday the amount of Pesos:Two thousands one hundred sixty-six and sixty-seven cents(P2,166.67)
commencing on May 12, 2022 until the loan is fully paid.
 NO*
er guarantors

e guarantor shall deem liable

r printed Name

eceipt of proceeds

me pay and all other

t set by the COOP.

Date
 .00 representing my loan
advance my semi-monthly
er my loan with ----- Is fully

20,000) on October 27, 2022

Loan Type Mothers Day Promo Total Interest 3,642.10
Monthly Interest Rate 5.00%
Number of Months 6
Number of Payments 12
Loan Amount 20,000.00
Total Loan 23,642.10
Monthly Payments ₱3,940.35
Semi-Monthly Deduction ₱1,970.17

Months Balance Interest Principal Paid

0
1 6/30/2022 23,642.10 1,000.00 2,940.35
2 7/31/2022 19,701.75 852.98 3,087.37
3 8/31/2022 15,761.40 698.61 3,241.74
4 9/30/2022 11,821.05 536.53 3,403.82
5 10/31/2022 7,880.70 366.34 3,574.01
6 11/30/2022 3,940.35 187.64 3,752.71
7 12/31/2022 - -
8 1/31/2023 -
9 2/28/2023
10 3/31/2023
11 4/30/2023
12 5/31/2023
13 6/30/2023
14 7/31/2023
15 8/31/2023
16 9/30/2023
17 10/31/2023
18 11/30/2023
19 12/31/2023
20 1/31/2024
21 2/29/2024
22 3/31/2024
23 4/30/2024
24 5/31/2024
Pre-Payment New Balance
23,642.10
19,701.75
15,761.40
11,821.05
7,880.70
3,940.35
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