The Interest Loan Agreement serves as a legally binding contract under Philippine law, typically used when one party (the lender) provides financial assistance to another party (the borrower) in exchange for repayment with interest. This document is essential for both commercial and personal lending transactions, ensuring compliance with Philippine banking regulations, including the Civil Code, Usury Law amendments, and the Truth in Lending Act. The agreement covers crucial elements such as loan amount, interest calculations, payment terms, security arrangements, and default provisions. It's particularly important for financial institutions, private lenders, and businesses engaging in lending activities, providing clear documentation of obligations and rights of all parties involved.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the Lender and Borrower with complete details as required by Philippine law
2. Background: Context of the loan agreement and relationship between parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Loan Amount and Purpose: Specification of the principal amount and intended use of the loan
5. Interest Rate and Calculation: Details of interest rate, calculation method, and compliance with Philippine banking regulations
6. Repayment Terms: Schedule of payments, including principal and interest payment dates
7. Security: Details of any collateral or security provided for the loan
8. Representations and Warranties: Standard declarations by the borrower regarding their capacity and authority to enter into the agreement
9. Events of Default: Circumstances constituting default and consequences thereof
10. Remedies: Lender's rights and remedies in case of default
11. General Provisions: Standard clauses including notices, amendments, governing law, and jurisdiction
1. Guarantor Provisions: Required when a third party guarantees the loan
2. Insurance Requirements: Included when insurance of collateral or life insurance is required
3. Prepayment Terms: Optional section detailing early repayment terms and any associated penalties
4. Assignment and Transfer: Include for corporate loans where transfer rights are relevant
5. Additional Covenants: For corporate borrowers, including financial covenants and reporting requirements
6. Tax Provisions: Detailed tax clauses for large loans or corporate lending
7. Electronic Execution: Include when agreement may be executed electronically under Philippine E-Commerce Act
1. Repayment Schedule: Detailed amortization table showing payment dates, principal, and interest breakdowns
2. Security Details: Detailed description of collateral or security including registration details
3. Conditions Precedent: List of documents and conditions required before loan disbursement
4. Form of Promissory Note: Template of promissory note to be executed with the agreement
5. Fees and Charges: Detailed breakdown of all applicable fees and charges
6. Insurance Requirements: Specific insurance requirements and minimum coverage amounts
7. Standard Notice Forms: Templates for various notices under the agreement
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking
Financial Services
Real Estate
Construction
Manufacturing
Agriculture
Retail
Technology
Healthcare
Education
Small and Medium Enterprises
Microfinance
Relevant Teams
Legal
Finance
Credit Risk
Compliance
Operations
Corporate Banking
Retail Banking
Collections
Documentation
Risk Management
Relevant Roles
Credit Officer
Loan Officer
Risk Manager
Compliance Officer
Legal Counsel
Banking Manager
Financial Advisor
Account Manager
Credit Analyst
Corporate Finance Manager
Collections Manager
Relationship Manager
Chief Financial Officer
Chief Legal Officer
Branch Manager
Find the exact document you need
Personal Auto Loan Contract
A Philippine-law governed agreement for vehicle purchase financing, establishing loan terms and security arrangements in compliance with local banking and consumer protection regulations.
find out more
Commercial Loan Contract
A Philippine law-governed agreement establishing terms and conditions for a commercial loan between a financial institution and a business borrower.
find out more
Family Member Loan Agreement
A Philippine law-governed agreement that formalizes loan arrangements between family members, establishing clear terms while maintaining familial relationships.
find out more
Business Investment Loan Agreement
A Philippine law-governed agreement establishing terms for a business investment loan between a financial institution and corporate borrower, including loan terms, security arrangements, and regulatory compliance requirements.
find out more
Legal Financial Agreement Between Two Parties
A Philippine law-governed agreement establishing financial obligations between two parties, incorporating local regulatory requirements and transaction frameworks.
find out more
Diy Loan Agreement
A comprehensive loan agreement template for use in the Philippines, ensuring compliance with local lending laws while protecting both lender and borrower interests.
find out more
Employees Loan Agreement
A Philippine law-compliant agreement establishing terms and conditions for an employer-provided loan to an employee, including repayment through salary deductions.
find out more
Model Loan Agreement
Standard loan agreement template compliant with Philippine law and banking regulations, suitable for various lending transactions.
find out more
Master Securities Loan Agreement
A Philippine law-governed framework agreement for securities lending transactions between financial institutions, establishing terms for multiple securities loans.
find out more
Film Equity Investment Agreement
A Philippine-law governed agreement establishing terms for equity investment in a film project, including investment structure, rights, and profit sharing arrangements.
find out more
Interest Loan Agreement
A Philippine law-governed agreement establishing terms for a loan with interest, including principal amount, interest rates, repayment terms, and security arrangements.
find out more
Co Financing Agreement
A legal agreement under Philippine law establishing terms for multiple parties to jointly finance a project, including rights, obligations, and coordination mechanisms between co-financiers.
find out more
Loan And Guarantee Agreement
A Philippine law-governed agreement establishing terms for a loan facility and associated guarantee, combining lending terms with guarantee obligations under Philippine banking regulations.
find out more
Mortgage Loan Assumption Agreement
A Philippine law-governed agreement that enables the transfer of mortgage loan obligations from an original borrower to an assuming party, outlining terms, conditions, and obligations of all parties involved.
find out more
Deed Of Accession Loan Agreement
A Philippine law-governed deed that enables a new party to join and become bound by an existing loan agreement's terms and conditions.
find out more
Co Borrower Loan Agreement
A Philippine law-governed agreement establishing joint liability between multiple borrowers for a loan, detailing terms, obligations, and shared responsibilities.
find out more
Bridge Loan Contract
A Philippine law-governed agreement establishing terms for temporary financing through a bridge loan, ensuring compliance with local banking regulations while securing interim funding needs.
find out more
Undertaking Loan Agreement
A Philippine law-governed loan agreement specifying terms, conditions, and obligations between lender and borrower, compliant with local banking regulations.
find out more
Trade Finance Agreement
A Philippine law-governed agreement establishing trade finance facilities between a bank and borrower, setting out facility terms, security arrangements, and regulatory compliance requirements.
find out more
Separation Financial Agreement
A Philippine law-governed agreement that formalizes the financial arrangements and asset division between separating spouses.
find out more
Project Finance Contract
A Philippine law-governed financing agreement for large-scale infrastructure or development projects, establishing terms for project financing, security arrangements, and implementation requirements.
find out more
Margin Loan Agreement
A Philippine law-governed agreement establishing terms for loans secured by securities as collateral, including margin requirements and enforcement provisions.
find out more
Loan Swap Agreement
A Philippine law-governed agreement enabling the exchange of loan payment obligations between parties, including interest rate and/or currency swaps, with compliance to local banking regulations.
find out more
Loan Borrower Agreement
A Philippine law-governed agreement establishing terms and conditions for a loan between a lender and borrower, ensuring compliance with local banking and financial regulations.
find out more
Friends And Family Loan Agreement
A Philippine law-governed agreement that formalizes and documents loan arrangements between family members or friends, establishing clear terms and protecting both parties' interests.
find out more
Financing Contract Agreement
A Philippine law-governed agreement establishing terms and conditions for a financing arrangement between lender and borrower, including facility details, security, and regulatory compliance requirements.
find out more
Debt Agreement Loans
A Philippine law-governed agreement establishing loan terms between lender and borrower, including amount, interest, repayment schedule, and security arrangements.
find out more
Car Mortgage Agreement
A Philippine law-governed agreement establishing a security interest in a vehicle as collateral for a loan, detailing financing terms and parties' obligations.
find out more
Car Installment Agreement
A Philippine law-governed agreement establishing terms for vehicle purchase through installment payments, including financing terms, ownership rights, and party obligations.
find out more
Business Loan Contract
A Philippine law-governed agreement establishing terms and conditions for a business loan between a financial institution and a business entity.
find out more
Bridge Facility Agreement
A temporary financing arrangement under Philippine law providing interim funding until permanent financing is secured, subject to local banking regulations and BSP requirements.
find out more
Installment Loan Agreement Promissory Note
A Philippine law-governed combined installment loan agreement and promissory note that establishes loan terms, repayment schedules, and security arrangements.
find out more
Commercial Finance Agreement
A Philippine law-governed agreement establishing terms and conditions for commercial financing between a lender and corporate borrower.
find out more
Mortgage Bond Agreement
A Philippine law-governed agreement establishing terms for issuing bonds secured by real estate mortgage, detailing security interests, bond terms, and regulatory compliance requirements.
find out more
Master Asset Finance Agreement
A Philippine law-governed master agreement establishing terms for multiple asset-based financing transactions between financier and borrower.
find out more
Car Loan Security Agreement
A Philippine-law governed security agreement creating a lender's security interest over a financed vehicle, incorporating mandatory consumer protection provisions and disclosure requirements.
find out more
Small Business Loan Agreement
A Philippine-law governed agreement establishing terms and conditions for lending to small businesses, including loan terms, security arrangements, and regulatory compliance requirements.
find out more
Recourse Loan Agreement
A Philippine law-governed loan agreement giving the lender rights to pursue the borrower's assets beyond collateral in case of default.
find out more
Loan Agreement Between Lender Borrower And Guarantor
A Philippine law-governed agreement establishing loan terms between lender, borrower, and guarantor, including loan conditions, guarantor obligations, and security provisions.
find out more
Loan Amortization Agreement
A Philippine-compliant agreement detailing loan terms and structured repayment schedules through regular amortization installments.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)