Loan Agreement with Paolo Mendoza

This Loan Agreement is made between Juan Dela Cruz (the Lender) and Paolo Mendoza (the Borrower).

1. The Lender lends the Borrower ₱120,000, which the Borrower confirms having received.

2. The amount earns interest of 6% per year, counted from the date this document is completed.

3. The Borrower will repay the loan as follows: twelve monthly payments of ₱10,600 every 15th of the month, with the last payment due on or before November 12, 2027.

4. If the Borrower misses a payment by more than fifteen days, the Lender may ask for the whole unpaid balance at once.

The parties sign this document electronically through Legalize.ph using verified accounts. Legalize.ph acts as witness and records the date and time of each signature in the witness certificate attached to this document.