Instalment Credit Agreement Template for Philippines

1. Insurance: Requirements for insurance coverage of secured assets, used when collateral is involved

2. Guarantor Provisions: Terms applicable to guarantors, used when a guarantee is required

3. Electronic Payments: Specific terms for electronic payment arrangements, used when automated payments are set up

4. Prepayment Terms: Conditions and calculations for early repayment, used when prepayment is allowed

5. Cross-Default: Provisions linking this agreement to other credit facilities, used when borrower has multiple facilities

6. Assignment: Terms for transferring rights under the agreement, used when assignment might be contemplated

1. Payment Schedule: Detailed amortization table showing payment dates, principal, interest, and running balance

2. Fee Schedule: Comprehensive list of all fees and charges applicable to the credit facility

3. Collateral Details: Detailed description of security or collateral, including valuations and documentation

4. Disclosure Statement: Truth in Lending Act disclosures showing effective interest rate and total cost of credit

5. Requirements Checklist: List of required documents and conditions precedent to drawdown

6. Contact Details: Complete contact information for notices and payment processing