Deed Of Assignment Of Loan for Philippines

Deed Of Assignment Of Loan Template for Philippines

A Deed of Assignment of Loan is a formal legal document used in the Philippines to transfer the rights, title, and interest in a loan from one party (the assignor) to another party (the assignee). The document is governed by Philippine civil law and must comply with local requirements for the valid assignment of credit instruments. It includes detailed provisions covering the transfer of the loan, associated rights and security interests, warranties about the loan's status, and mechanisms for perfecting the assignment. The deed must be properly executed and may require notarization under Philippine law to be enforceable.

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.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Deed Of Assignment Of Loan

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Deed Of Assignment Of Loan?

The Deed of Assignment of Loan is a crucial document in Philippine financial transactions used when transferring loan rights from one creditor to another. This document is commonly used in debt trading, portfolio sales, corporate restructuring, or when financial institutions need to transfer loan assets. The deed must comply with the Civil Code of the Philippines and related regulations governing the assignment of credits and incorporeal rights. It contains essential information about the original loan, the parties involved, the terms of transfer, and any associated security interests. A properly executed Deed of Assignment of Loan ensures the assignee receives all rights to collect the debt and enforce any associated security, while protecting the assignor from future liability. The document is particularly important in the Philippine context where formal documentation and specific legal requirements must be met for effective assignment of loan rights.

What sections should be included in a Deed Of Assignment Of Loan?

1. Parties: Identifies and defines the Assignor (current loan holder), Assignee (person/entity receiving the loan rights), and may include the Borrower as a party if their acknowledgment is required

2. Background: Recitals explaining the existing loan agreement, the intention to assign, and any relevant context

3. Definitions: Defines key terms used throughout the deed, including 'Loan Agreement', 'Assigned Rights', 'Effective Date', etc.

4. Assignment: Core provision detailing the transfer of all rights, title, and interest in the loan from Assignor to Assignee

5. Consideration: Specifies the payment or other consideration for the assignment

6. Representations and Warranties: Assignor's warranties regarding ownership, right to assign, loan status, and outstanding balance

7. Completion and Timing: Specifies the effective date and any conditions precedent to the assignment

8. Further Assurance: Obligations to execute further documents and take additional steps to perfect the assignment

9. Notices: Procedure for serving notices under the deed

10. Governing Law and Jurisdiction: Confirms Philippine law as governing law and specifies jurisdiction for disputes

What sections are optional to include in a Deed Of Assignment Of Loan?

1. Security Assignment: Required if the loan includes collateral or security interests that need to be transferred

2. Guarantees: Include if there are existing guarantees that need to be assigned or addressed

3. Tax Provisions: Detailed tax arrangements if significant tax implications exist

4. Borrower's Consent: Include if the original loan agreement requires borrower's consent for assignment

5. Partial Assignment: Required if only part of the loan is being assigned

6. Costs and Expenses: Include if there's a need to specify who bears the assignment costs

7. Confidentiality: Include if sensitive commercial information needs protection

What schedules should be included in a Deed Of Assignment Of Loan?

1. Schedule 1 - Loan Agreement: Copy or details of the original loan agreement being assigned

2. Schedule 2 - Loan Details: Specific details of the loan including outstanding balance, interest rate, payment terms

3. Schedule 3 - Security Documents: List and copies of any security documents related to the loan

4. Schedule 4 - Required Notices: Forms of notices required to perfect the assignment

5. Schedule 5 - Existing Guarantees: Details of any guarantees associated with the loan

6. Appendix A - Payment Details: Bank account and payment information for future loan payments

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Philippines

Publisher

Genie AI

Document Type

Loan Agreement

Sector

Banking

Cost

Free to use
Relevant Industries

Banking

Financial Services

Insurance

Real Estate

Investment Management

Private Equity

Debt Collection

Asset Management

Corporate Finance

Microfinance

Relevant Teams

Legal

Finance

Credit

Compliance

Risk Management

Corporate Banking

Debt Collection

Portfolio Management

Investment

Treasury

Relevant Roles

Legal Counsel

Finance Manager

Credit Officer

Loan Officer

Compliance Officer

Risk Manager

Corporate Lawyer

Banking Officer

Portfolio Manager

Debt Collection Manager

Transaction Manager

Chief Financial Officer

Legal Director

Credit Risk Analyst

Investment Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Real Estate Mortgage Contract

A Philippine law-governed agreement creating a security interest in real property to secure a loan, establishing terms between property owner and lender.

find out more

Letter Borrowing Money From A Friend Contract

A friendly yet legally compliant letter agreement for personal lending between friends in the Philippines, outlining loan terms and repayment conditions.

find out more

Loan Agreement Form With Collateral

A Philippine law-governed agreement establishing terms for a secured loan, including collateral arrangements and enforcement provisions.

find out more

Agreement To Loan Money To A Friend

A Philippine-compliant loan agreement template for monetary loans between friends, providing legal protection while maintaining an informal, friendly approach.

find out more

Personal Loan Form

Philippine-compliant personal loan agreement template covering loan terms, obligations, and regulatory requirements under Philippine law.

find out more

Loan Form

A Philippine-compliant loan agreement template incorporating mandatory lending disclosures and terms under local banking regulations.

find out more

Cellphone Loan Agreement

A Philippine law-governed agreement establishing terms and conditions for cellphone lending arrangements, ensuring regulatory compliance and protecting all parties' interests.

find out more

Agreement Between Co Signer And Borrower

A Philippine law-governed agreement establishing rights and obligations between a co-signer and primary borrower in a lending arrangement.

find out more

Friendship Loan Agreement

A Philippine-compliant legal agreement formalizing a loan arrangement between friends or acquaintances, balancing legal protection with relationship preservation.

find out more

Deed Of Sale With Assumption Of Mortgage

A Philippine legal document that enables the sale of property while transferring existing mortgage obligations from seller to buyer, subject to Philippine property and banking regulations.

find out more

Hardware Loan Agreement

A Philippine law-governed agreement establishing terms for temporary hardware equipment loans, including maintenance, liability, and return conditions.

find out more

Peer To Peer Lending Agreement

A Philippine law-governed agreement establishing terms and conditions for peer-to-peer lending transactions between lenders and borrowers, ensuring regulatory compliance and protecting both parties' interests.

find out more

Loan Car Form

A Philippine-compliant legal document establishing terms and conditions for temporary vehicle lending between parties, including responsibilities, insurance, and liability arrangements.

find out more

Money Loan Agreement

A Philippine law-governed agreement establishing terms and conditions for monetary lending between parties, including loan amount, interest, repayment terms, and security arrangements.

find out more

Family Member Promissory Note

A legally binding promissory note under Philippine law that formalizes loan agreements between family members, establishing terms and conditions while maintaining familial considerations.

find out more

Acknowledgement Of Debt Agreement

A Philippine law-governed agreement where a debtor formally acknowledges their debt and agrees to specific repayment terms.

find out more

Balloon Loan Agreement

A Philippine law-governed loan agreement featuring regular installments with a larger final balloon payment, compliant with local banking regulations.

find out more

Discounted Payoff Agreement

A Philippine law-governed agreement where a creditor accepts a reduced sum as full settlement of an outstanding debt.

find out more

Salary Loan Agreement

A Philippine law-governed agreement establishing terms for a loan repaid through salary deductions, compliant with local banking and labor regulations.

find out more

Overagreement

A Philippine law-governed master agreement establishing the framework for ongoing business relationships and future specific agreements between parties.

find out more

Inter Corporate Loan Agreement

A Philippine law-governed agreement between corporate entities establishing terms for a corporate loan, including amount, interest, repayment, and security provisions.

find out more

Facility Letter Mortgage

A Philippine banking document that combines a credit facility offer with mortgage security arrangements, compliant with local banking and property laws.

find out more

Credit Terms Agreement

A Philippine law-governed agreement establishing credit terms between creditor and debtor, including payment conditions, interest rates, and security arrangements.

find out more

Assignment Of Loan Agreement

A Philippine law-governed agreement transferring loan rights and obligations from one lender to another, subject to local banking regulations and the Civil Code.

find out more

Employee Laptop Agreement

A Philippine-compliant agreement governing the provision and use of company laptops by employees, incorporating local data privacy and cybersecurity requirements.

find out more

Peer To Peer Lending Contract

A Philippine law-governed agreement for peer-to-peer lending arrangements, detailing loan terms and ensuring regulatory compliance with BSP requirements.

find out more

Promise Note

A legally binding document under Philippine law where one party promises to pay a specific sum of money to another party at a specified time or on demand.

find out more

Loan Repayment Letter

A formal written commitment under Philippine law to repay an outstanding loan according to specified terms and conditions.

find out more

Contract For Land Purchase

A legally binding agreement under Philippine law for the purchase and transfer of land ownership between parties, incorporating all necessary local legal requirements and restrictions.

find out more

Loan Novation Agreement

A Philippine law-governed agreement that replaces an existing loan agreement with a new one, either through party substitution or modification of core terms.

find out more

Private Lending Term Sheet

A term sheet outlining key terms and conditions for private lending arrangements under Philippine law.

find out more

Personal Loan Receipt

A Philippine-compliant document that evidences a personal loan transaction and outlines repayment terms between lender and borrower.

find out more

Payday Loan Contract

A Philippine law-governed agreement for short-term loans secured against future paychecks, detailing loan terms and ensuring regulatory compliance.

find out more

Loan Agreement With Guarantor

A Philippine law-governed agreement establishing loan terms between lender and borrower, secured by a guarantor's commitment.

find out more

Loan Agreement With Collateral

A Philippine law-governed agreement documenting a secured lending arrangement with detailed provisions for loan terms and collateral security.

find out more

Investment Loan Contract

A Philippine law-governed agreement establishing terms and conditions for an investment loan, including loan amount, interest rates, repayment terms, and security arrangements.

find out more

Facility Agreement

A Philippine law-governed agreement setting out terms and conditions for providing financial facilities from a lender to a borrower, compliant with BSP regulations.

find out more

Employee Laptop Loan Agreement

A Philippine-law governed agreement for the loan of company laptops to employees, establishing usage terms and compliance requirements.

find out more

Employee Forgivable Loan Agreement

A Philippine law-governed agreement establishing terms for an employer-provided loan to an employee that can be forgiven under specified conditions.

find out more

Employee Cash Advance Agreement

A Philippine-compliant agreement governing the terms of cash advances provided to employees and their repayment through salary deductions.

find out more
See more related templates

Genie’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; Genie’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

2 Docs LeftAccess Now