Scribd
Upload
611 views1 page

SSS Guide

This document is a disclosure statement from the Social Security System (SSS) for a loan of 19,000 pesos taken out by Ariane Angelin Dahilog Coyco. It outlines the loan amount, other charges including a service fee and advance interest, the net loan proceeds, a 24-month schedule of monthly payments breaking down interest and principal amounts, an effective interest rate of 10.47%, and potential conditional charges for late payments or outstanding balances after the loan term.

Uploaded by

Arianne Coyco
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
611 views1 page

SSS Guide

This document is a disclosure statement from the Social Security System (SSS) for a loan of 19,000 pesos taken out by Ariane Angelin Dahilog Coyco. It outlines the loan amount, other charges including a service fee and advance interest, the net loan proceeds, a 24-month schedule of monthly payments breaking down interest and principal amounts, an effective interest rate of 10.47%, and potential conditional charges for late payments or outstanding balances after the loan term.

Uploaded by

Arianne Coyco
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

REPUBLIC OF THE PHILIPPINES

SOCIAL SECURITY SYSTEM


DISCLOSURE STATEMENT ON LOAN/CREDIT TRANSACTION
(As Required under R.A 3765 Truth in Lending Act)

SS Number: 34-3249691-7 Name of Borrower: ARIANNE ANGELIN DAHILOG COYCO


ER ID Number: 03-9015547-4 ER Name: IBM SOLUTIONS DELIVERY INC
ER Address: 5F IBM PLAZA 8 EASTWOOD AVENUE E RODRIGUEZ LIBIS QUEZON CITY

1. LOAN AMOUNT P19,000.00


2. OTHER CHARGE(S)/DEDUCTION(S) P434.66
A. Service Fee (1% of loan amount) P190.00
B. Advance Interest P244.66
C. Balance of previous loan as of 06/14/2020 11:17:07, if any P0.00
3. NET PROCEEDS OF LOAN(item 1 less item 2) P18,565.34
4. SCHEDULE OF PAYMENTS

Applicable Month Due Date Amortization Interest Principal Outstanding Principal


Balance
P19,000.00
Aug-20 30-Sep-20 876.75 158.33 718.42 18,281.58
Sep-20 31-Oct-20 876.75 152.35 724.40 17,557.18
Oct-20 30-Nov-20 876.75 146.31 730.44 16,826.74
Nov-20 31-Dec-20 876.75 140.22 736.53 16,090.21
Dec-20 31-Jan-21 876.75 134.09 742.66 15,347.55
Jan-21 28-Feb-21 876.75 127.90 748.85 14,598.70
Feb-21 31-Mar-21 876.75 121.66 755.09 13,843.61
Mar-21 30-Apr-21 876.75 115.36 761.39 13,082.22
Apr-21 31-May-21 876.75 109.02 767.73 12,314.49
May-21 30-Jun-21 876.75 102.62 774.13 11,540.36
Jun-21 31-Jul-21 876.75 96.17 780.58 10,759.78
Jul-21 31-Aug-21 876.75 89.66 787.09 9,972.69
Aug-21 30-Sep-21 876.75 83.11 793.64 9,179.05
Sep-21 31-Oct-21 876.75 76.49 800.26 8,378.79
Oct-21 30-Nov-21 876.75 69.82 806.93 7,571.86
Nov-21 31-Dec-21 876.75 63.10 813.65 6,758.21
Dec-21 31-Jan-22 876.75 56.32 820.43 5,937.78
Jan-22 28-Feb-22 876.75 49.48 827.27 5,110.51
Feb-22 31-Mar-22 876.75 42.59 834.16 4,276.35
Mar-22 30-Apr-22 876.75 35.64 841.11 3,435.24
Apr-22 31-May-22 876.75 28.63 848.12 2,587.12
May-22 30-Jun-22 876.75 21.56 855.19 1,731.93
Jun-22 31-Jul-22 876.75 14.43 862.32 869.61
Jul-22 31-Aug-22 876.75 7.14 869.61 .00
Total P 21,042.00 P 2,042.00 P 19,000.00

5. EFFECTIVE INTEREST RATE 10.47%


6. CONDITIONAL CHARGES MAYBE IMPOSED
a. Continuing Interest of 10% per annum against Outstanding Balance after the loan term.
b. Late charge of 1% per month against unpaid loan amortization.

Net proceeds may change. Final Disclosure Statement will be generated once loan application is approved by your employer
within the prescribed period.
This is a system-generated Disclosure Statement and does not require a signature from SSS.

You might also like