“PERSONAL LOAN AGREEMENT”
1. THE PARTIES. This Personal Loan Agreement (“Agreement”) made this __________(Date Today) is
between:
Borrower: [BORROWER’S NAME] with a current mailing address of [ADDRESS]. (“Borrower”) agrees to
borrow money from:
Lender: KUOT-KUOT NI ROMIE with a current mailing address of 16th floor Mabuhay Tower, Jose Maria
del Mar cor Abad Street, Cebu IT Park, Cebu City and agrees to lend money to the Borrower under the
following terms:
2. LOAN AMOUNT. The total amount of money being borrowed from the Lender to the Borrower is
Php________ (“Borrowed Money”).
3. INTEREST RATE. The Borrowed Money shall: (check one)
☐ – Pioneer Member Interest. The Borrowed Money shall bear interest at a rate of 5% with a loan
term of (check one):
☐ – 1-month loan term
☐ – 2-month loan term
☐ – Non-Member Interest. The Borrowed Money shall bear interest at a rate of 10% and with a loan
term of 1-month only.
4. TERM. The total amount of the Borrowed Money, including principal and interest, shall be due and
payable the 10th and 25th day of the following month. [DATE 1: __________] [DATE 2: __________]
(“Due Dates”).
5. PAYMENTS. The Borrower agrees to repay the Borrowed Money to the Lender under the following
payment schedule: (check one)
☐ – Semi-Monthly Payments. The Borrower agrees to repay the Lender on the 10th day of the month
and 25th day of the month(s) / every payday however if there is a delay in the payment the collection of
the funds will be done on the exact payday date.
☐ – Monthly Payments. The Borrower agrees to repay the Lender on the 25th day of each month
until the Due Date (for pioneer-members who availed for loans using their 2 account heads).
☐ – Lump Sum. The Borrower agrees to repay the Lender, in full, on the Due Date (for single account
head loans and non-member loans).
☐ – Other. [OTHER]
Hereinafter known as the “Payment Schedule.” All payments made by the Borrower shall be first applied
to any accrued interest and second to the principal balance.
6. LATE PAYMENT. If the Borrower is late by more than [3] days for any payment due, it shall be
considered late. If a payment is late, the Borrower shall be: (check one)
☐ – Charged a Late Fee. The Borrower shall be charged a late fee equal to: [Php50.00 for
pioneer members and Php25.00 for non-members]
☐ – Not Charged a Late Fee. The Borrower shall not be charged a late fee.
7. SECURITY. As part of this Agreement, the Borrower agrees to: (check one)
☐ – Pledge Security. The Borrower agrees to secure this Agreement by pledging the following
collateral: [DESCRIBE] (“Security”).
In the event the Borrower defaults under this Agreement, the Lender shall obtain possession of the
Collateral: (check one)
☐ – In its entirety and without discount to the amount owed.
☐ – Equal to the amount owed of which a sale may be required.
☐ – Not Pledge Security. This Agreement shall not be secured by any property or asset of the
Borrower.
8. ACCELERATION. The Lender shall have the right to declare the Borrowed Money to be immediately
due and payable, including interest owed, if any of the events are to occur:
a.) Late Payment. If any payment is late that is due under the Payment Schedule of more than 15 days;
b.) Default. If the Borrower should default on any of the conditions of this Agreement; or
c.) Security. If assets or property that are pledged as Security as part of this Agreement are transferred
or sold.
9. SEVERABILITY. If any provision of this Agreement or the application thereof shall, for any reason and
to any extent, be invalid or unenforceable, neither the remainder of this Agreement nor the application of
the provision to other persons, entities, or circumstances shall be affected, thereby, but instead shall be
enforced to the maximum extent permitted by law.
10. GOVERNING LAW. This Agreement shall be construed and governed by the laws located in the Cit of
Cebu [GOVERNING LAW] (“Governing Law”).
IN WITNESS WHEREOF, Borrower and Lender have executed this Agreement as of the day and year
first above written.
Borrower’s Signature: _____________________ Date: _____________
Print Name: ________________________________________________
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We hereby understand and agree to the aforementioned terms and conditions of the PERSONAL LOAN
AGREEMENT FORM. Below is the list of pioneer members’ signatures affirming the agreement stated herein.
Signed By:
Melissa Ortega
Romie Sandigan Concierge, Rocketmiles
Concierge, Rocketmiles Sophi Outsourcing Inc.
Sophi Outsourcing Inc.
Mark Lesther Conog
Concierge, Rocketmiles
Hannah Quintana Sophi Outsourcing Inc.
Concierge, Rocketmiles
Sophi Outsourcing Inc.
Mary Cloude Ocampo
Concierge, Rocketmiles
Sophi Outsourcing Inc.
Jezreel Regala
Concierge, Rocketmiles
Sophi Outsourcing Inc.
Gilbert Pacris
USA Concierge, Rocketmiles
Sophi Outsourcing Inc.
Luanne Aves
Concierge, Rocketmiles
Sophi Outsourcing Inc. Jonhrey DelaTorre
Concierge, Rocketmiles
Sophi Outsourcing Inc.
Farah Lagaras
Concierge, Rocketmiles
Sophi Outsourcing Inc.
Jovel Clark Contratista
Concierge, Rocketmiles
Sophi Outsourcing Inc.
GUARANTOR ADDENDUM
The Guarantor, known as [GUARANTOR’S NAME], agrees to be liable and pay the Borrowed Amount,
including principal and interest, in the event of the Debtor’s default. The Guarantor agrees to be
personally liable under the terms and obligations of the Debtor in this Agreement.
Guarantor’s Signature: _____________________ Date: _____________
Print Name: _______________________________
