UNITY BANK & TRUST

Your trusted partner in financial success

Magallanes St. Cebu City, 6000, Philippines

DISCLOSURE STATEMENT ON CAR LOAN

TRANSACTION
(As Required under R.A. 3765, Truth in Lending Act)
NAME: Ronaldo Saguksok
ADDRESS: A. Lopez St. Brgy. Labangon Cebu City
1. LOANAMOUNT ₱1,100,000.00

2.OTHERCHARGES/DEDUCTIONSCOLLECTED ₱21,000.00
A.AppraisalFee ₱4,500
B.NotarialFee ₱1,500
C.ProcessingFee ₱10,000
D.ServiceCharge ₱5,000

3. DOCUMENTARYSTAMPTAX(0.75%) ₱8,250.00

4. NETPROCEEDSOFLOAN(Item1lessItem2) ₱1,079,000

5. EFFECTIVEINTERESTRATE(InterestandOtherCharges) 88.00%

Explanation: The effective interest rate of 88.00% is higher than interest rate of 28% per
annum considering the loan term of 5 years.
6. CONDITIONAL CHARGES THAT MAY BE IMPOSED (if applicable). Please specify manner of
imposition:
A. Late charge (5% of the monthly amortization)

CERTIFIED CORRECT:

(Signature of Creditor/Authorized Position

Representative Over Printed Name)
For and in behalf of the company I represent, I acknowledge receipt of a copy of this statement
prior to the consummation of the credit transaction and I certify that I understand and fully agree
to the terms and conditions thereof.

(SignatureofBorrowerOverPrintedName) Date
NOTICE TO BORROWER: YOU ARE ENTITLED TO A COPY OF THIS PAPER WHICH YOU SHALL SIGN.
Notes:
This document contains the minimum information required to be disclosed to the borrower and maybe
enhanced to improve client information.
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