LOAN AGREEMENT

Loan Account Number : 4306148001

LOAN DETAILS
LENDER HC Consumer Finance Philippines, Inc.
15th Floor, Ore Central, 9th Avenue cor. 31st Street, Bonifacio Global City, Taguig, 1634, Philippines
CUSTOMER Leonardo Taguian Quemuel Date Of Birth: 11/03/1960
Home Address: 054, Magdalo (Putol), Kawit, 4104 Cavite
Permanent Address: 054, Magdalo (Putol), Kawit, 4104 Cavite
Registered Contact Details Trusted Contact Person/s
Mobile No. 1: 9682908911 E-mail Address: [email protected] Ashley Gaze Quemuel Son 9695750222
Mobile No. 2: N/A Landline: N/A Lourdes Quemuel Spouse 9615445445

DOCUMENTS
PURCHASE DETAILS
Loan Account Number: 4306148001
Retailer: Keline Bikeshop Bike Shop_Keline Bikeshop Event_Kawit, Cavite_2023.10 Address: Standalone - Kawit n/a N/a, 041011006, Kawit, 4100
Cavite
Goods and/or Services: E-Bike ( M1E Trike )

Disclosure Statement Conditional Charges: Home Credit Protect Charges

Suggested Retail Price: 57,000.00 Currency: PHP Monthly Penalty2 +1.4% (Monthly Add-on Fee):
Total Purchase Price: 57,000.00 Effective Date: 12/08/2023 Home Content 99.00
Termination Fee1 28%
Cash Payment 12,000.00 Installment Amount: 4,014.00
Loan Extra Care 49.00
Number of Installments: 12 Overpayment Refund Fee (see 50.00
Downpayment: 10,608.00 /Month
Due Dates: 8th of each Clause 4.3.)
Other Charges - Processing Fee: 1,392.00
First Due Date: 01/08/2024 Attorney & Agency Fee 5,000.00
Net Proceeds of Loan: 45,000.00 Last Due Date: 12/08/2024
(Purchase Price less Cash Payment) Past Due 5 days 200.00
Financed Amount: 46,392.00
(Purchase Price less Downpayment) Past Due 30 days 400.00
Effective Interest Rate: 0.47% p.m. Past Due 60 days 600.00
Past Due 90 days 800.00

1
Charged at 90 days past due based on unpaid principal
amount **Home Credit's representative may have interest in the
2
Charged at from 120 to 270 days past due based on unpaid approval of the POS Loan
principal amount

SPECIFIC TERMS AND CONDITIONS

1. INTRODUCTION
5. EARLY REPAYMENT
1.1. The Customer is applying for a Home Credit loan to buy the Good(s) from the Retailer
(POS Loan or Loan), as indicated in the Purchase Details and Loan Details above. The 5.1. For Early Repayment, provided the Customer is not in delay or in default, the Customer
Customer understands that the approval of this POS Loan is subject to submission by the may prepay the balance of the Financed Amount before the Last Due Date without interest
Customer of documents required by Home Credit, credit approval process and guidelines on the balance, subject to the following:
of Home Credit, and the final decision of Home Credit. The POS Loan shall be payable in 5.1.1. For Partial Early Repayment, the Partial Early Repayment Fee and any other amounts to
monthly installments with an Interest Rate as indicated in the Disclosure Statement and as be paid by the Customer to Home Credit should be paid together with the prepayment of
agreed upon by the Customer and Home Credit. This document is referred to as Loan part of the balance of the Financed Amount. The minimum amount of partial early
Agreement. repayment must be equivalent to one installment. Detailed steps on applying for the Partial
1.2. This POS Loan is subject to additional terms and conditions (General Terms and Early Repayment shall be made available through Home Credit's website and/or
Conditions) contained in the document referred to as General Terms and Conditions, Customer Service Hotline.
which is accessible at www.homecredit.ph. The Customer confirms that s/he has had the 5.1.2. The minimum amount of the Partial Early Repayment must be equivalent to one
chance to review the General Terms and Conditions. Home Credit may, at any time, installment plus the Partial Early Repayment Fee as stated in the Disclosure Statement,
update the General Terms and Conditions upon notice to the Borrower. and any other charges due to Home Credit. Any amount paid which is less that the
1.3. The Customer agrees to the Purchase Details and Disclosure Statement above, the minimum amount required by this section shall be treated as an advance payment for the
monthly installments in the Payment Schedule, and the terms and conditions in Loan next installment payment.
Agreement and General Terms and Conditions. 5.1.3 For Full Early Repayment, the Customer may call Home Credits Customer Service Hotline
2. FINANCED AMOUNT and inform Home Credit’s customer service personnel that Full Early Repayment will be
2.1. Customer agrees that the Financed Amount will be paid directly by Home Credit to the made, and the Customer shall be given the full details of the amount to be settled and the
Retailer as full payment for the Goods and/or Services. payments channels where payment may be made.
5.1.4 If the Customer has made a full payment, the Customer may request a Certificate of Full
3. RATE OF INTEREST
Payment from Home Credit. Provided that Home Credit has not received and is not
3.1. Interest on the Financed Amount will begin to accrue on and from the Effective Date, and processing any request for correction or reversal of payments, Home Credit shall issue the
shall be paid by the Customer in accordance with the Disclosure Statement and the
Certificate of Full Payment, which shall be valid as of the date requested by the Customer.
Payment Schedule
6. OTHER TERMS AND CONDITIONS
4. PAYMENT
4.1. The Customer agrees to pay each Installment Amount, including any applicable charges 6.1. The Customer hereby acknowledges receipt of the Goods and/or Services from the
and fees, on or before the Due Date, and exclusively through the payment channels Retailer and/or has made arrangements with the Retailer for the delivery of the Goods
identified by Home Credit. Payments shall become due on each Due Date as stated in the and/or Services. The Customer understands that, in either case, the POS Loan will start on
Disclosure Statement, without need of any further notice or demand. the date of signing of this Loan Agreement and not on the delivery date of the Goods
4.2. The Customer expressly waives the benefit of Article 1252 of the Civil Code of the and/or Services.
Philippines, Republic Act No. 386, and agrees that any payment to Home Credit for the 6.2. The Goods and/or Services financed by the Loan Agreement is/are to be used for the
purpose of settling any Installment Amount or any other amount due in relation to the POS benefit of the Customer or the Customers family and shall not be used for any illegal
Loan shall be applied to the Installment Amount or such other amount that fell due earlier, means.
and in the order as specified in General Terms and Conditions. 6.3. Customer agrees the Goods and/or Services shall be for personal use and he shall not
4.3. If the Customer pays more than the Installment Amount or any other amount due on the sell, transfer or convey the same until full payment of the Financed Amount.
POS Loan, Home Credit can decide to apply the excess payment to the next Installment 6.4. The Customer may cancel this POS Loan, subject to payment of applicable fees as
Amount or any such other amount due. If there are no other amounts due from the indicated in the Disclosure Statement, by performing all of the following within fifteen (15)
Customer, s/he may request for the return of the excess payment by calling Home Credit's calendar days from the date of this POS Loan:
Customer Service Hotline. Home Credit will then inform the Customer when and how s/he 6.4.1. Calling Home Credit's Customer Service Hotline and confirming such cancellation to Home
can get the excess payment. The refund shall be subject to Home Credit's right to charge Credits customer service personnel;
an Overpayment Refund Fee per refund. 6.4.2. Paying the full amount of the net proceeds of the loan to Home Credit within the said 15-
4.4. If the Customer has made a full payment, the Customer may request a Certificate of Full day period;
Payment from Home Credit. Provided that Home Credit has not received and is not 6.5. Upon compliance by the Customer with Clause 6.4. above, this POS Loan shall be
processing any request for correction or reversal of payments, Home Credit shall issue the considered cancelled and the Customer and Home Credit shall have no further obligations
Certificate of Full Payment, which shall be valid as of the date requested by the Customer. in respect of this POS Loan.
6.6. In case of default, Home Credit may demand that the Customer to deliver (and Customer 7. COMPLAINTS
undertakes to so deliver) the Goods and/or Services to Home Credit at such time and 7.1. Any complaints by the Customer pertaining to the POS Loan shall be communicated to
place as may be designated by Home Credit; provided, that delivery by the Customer of Home Credit via its Customer Service Hotline at (02) 7753-5711 or through Home Credit’s
the Goods and/or Services pursuant hereto shall not relieve the Customer from the chat team at www.homecredit.ph and the Customer shall provide Home Credit with all
obligations under the Loan Agreement; provided further that Home Credit may, at its necessary information and/or documents in order to properly resolve the complaint
discretion, sell or auction the Goods and/or Services delivered by the Customer pursuant 7.2. For other concerns, the Customer may call Home Credit’s Customer Service at (02)7753-
hereto in any manner that may be deemed appropriate by Home Credit, with the proceeds 5711 or e-mail at [email protected]. To know more about the Customer Service
of such sale or auction to be applied to the repayment of the Customers obligations under Channels, the Customer may visit www.homecredit.ph/contact-us/. Home Credit shall
the Loan Agreement, after deduction of all the applicable costs. Home Credit may employ conduct a thorough investigation and provide the necessary feedback, clarification,
technology based measures and other means available to it, to ensure collection of the resolution details, updates, to the Customerwithin ten (10) business days from receipt of
Financed Amount, such as but not limited to the sending of payment notices through SMS the concern. Home Credit is regulated by the Securities and Exchange Commission (SEC)
and push notification, and remote deactivation of the Goods and/or Services. (www.sec.gov.ph) with email [email protected].
6.7. Home Credit may, at any time, update the Specific Terms and Conditions with notice to
the Customer, and such amendments shall bind the Customer 60 days from the time of 8. DISCLOSURE OF POTENTIAL CONFLICT OF INTEREST
notification. Home Credit may notify the Customer by publication, including through Home 8.1. The Customer acknowledges that he/she may be assisted by a representative of the
Credit's website (website www.homecredit.ph), and/or other means of communication Retailer or Home Credit, and the Customer understands that such representative may
(such as telephone, online customer portal, SMS, push notification, email, social media have interest in the approval of the sale and/or of the loan.
account, etc.

(Electronically Signed via OTP)

OTP: 807680
OTP MOBILE#: 9682908911
Witness: OTP VERIFIED ON: 2023-12-08T11:19:28.000+08:00
Leonardo Taguian Quemuel
Retailer Associate Signature of Customer Over Printed Name

HOME CREDIT PROTECT LOAN EXTRA CARE TERMS AND CONDITIONS:

The Home Credit Protect Loan Extra Care Product allows the Customer to request for a Payment Holiday, Due Date Change of the loan
installments, Partial Early Repayment or Full Early Repayment of the loan, subject to the following terms and conditions:

1. PAYMENT HOLIDAY. The Customer may defer the payment of an installment provided that the following requisites occur:

a. The Customer is not in default or has not defaulted in any installment payment at any given time;
b. The Customer can activate Payment Holiday twice every twelve (12)-month period during the entire duration of the loan; and

c. The Customer must have paid at least two (2) consecutive monthly installments prior to the first availment of the Payment
Holiday. For the second availment of the Payment Holiday, the Customer must have paid at least three (3) consecutive
monthly installments from the date of the last service activation

2. DUE DATE CHANGE. The Customer may change the due dates of monthly installment payments provided that the following
requisites occur:
a. The Customer is not in default or has not defaulted in any installment payment at any given time;
b. The Customer can activate Due Date Change twice every twelve (12)-month period during the entire duration of the loan;
and
c. The Customer must have paid at least one (1) monthly installment prior to the first availment of the Due Date Change. For
the second availment of the Due Date Change, the Customer must have paid at least three (3) consecutive monthly
installments from the date of the last service activation

3. PARTIAL EARLY REPAYMENT. The Customer may pay a portion of the total outstanding balance of the loan provided that:
the following requisites occur:
a. The Customer shall pay unpaid penalty fee and overdue amount prior to the partial early repayment of the loan; and
b. The amount to be paid shall not be less than the recomputed amount. Minimum amount to be considered as Partial Early
Repayment is two (2) months worth of Customer’s installment. Otherwise, it will only be considered as an advance payment.

4. FULL EARLY REPAYMENT. The Customer may pay the full amount of the total outstanding balance of the loan
provided that the following requisites occur:
a. The Customer shall settle the overdue/penalty before activation of request;
b. The amount to be paid shall not be less than the recomputed amount. Otherwise, it will only be considered as an advance
payment; and
c. Recomputed amount should be paid within the given due date. Otherwise, payment will only serve as an advance payment
and account will not be closed.

(Electronically Signed via OTP)

OTP: 807680
OTP MOBILE#: 9682908911
OTP VERIFIED ON: 2023-12-08T11:19:28.000+08:00
Leonardo Taguian Quemuel
Signature of Customer Over Printed Name