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Approbation Credit

AUTO-MATE SOLUTIONS INC has been approved for a business loan of €1,368,000 to expand their operations, with a 2.1% interest rate. The loan is to be repaid in 120 monthly installments of €12,372, starting six months after the loan is disbursed. The approval is contingent upon the borrower signing and returning the acceptance within 10 banking days.

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8 views

Approbation Credit

AUTO-MATE SOLUTIONS INC has been approved for a business loan of €1,368,000 to expand their operations, with a 2.1% interest rate. The loan is to be repaid in 120 monthly installments of €12,372, starting six months after the loan is disbursed. The approval is contingent upon the borrower signing and returning the acceptance within 10 banking days.

Uploaded by

karlgbeto
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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DATE : 11

May, 2023

Reference 65/DGT/PP/CE/
№ UE/23

TO :

AUTO-MATE SOLUTIONS INC


CO.REG.NO : 2022090069421-01 COR
12 ST. ARANETA AVENUE, SINGCANG
OLD AIRPORT BACOLOO CITY
PHILIPPINES

Subject: Approval of loan


(Application Ref :87/CA/APL/DE/ESIF/2023)

Dear Mr. Jonel Pericon,


After careful examination of your loan application file that you have sent to our financial company,
we are very glad to inform you that in response to your request for this business loan in order to
expand your company (AUTO-MATE SOLUTIONS INC.), we have approved your request.

You have requested a investment / business loan ONE MILLION THREE HUNDRED SIXTY EIGHT
THOUSAND (1, 368,000) € to meet your expenses. Hence, our board of directors unanimously
decided to approve your loan application

We have thoroughly read and analyzed your business proposal. Our bank has concluded that your
plan is perfect for you in order to run this business project successfully. The business can be very
profitable with this fund we are going to lend you

The interest rate that you will have to pay on the loan will be 2.1%. This interest rate has been
calculated with the help of standard formula used for calculating interest rate.

You will have to repay the loan in hundred twenty (120) monthly installments of twelve thousand
three seventy two (12,372)€ each. The grace period being six (06) months, the first repayment
must take place exactly six months after receipt of the transfer of the loan in your bank account

CAISSE D’EPARGNE LIMITED BANK FRANCE


PUBLIC LIMITED COMPANY WITH A MANAGEMENT BOARD AND STEERING AND
SUPERVISORY BOARD - SHARE CAPITAL OF €1, 766, 156,000
HEAD OFFICE : 50 AVENUE PIERRE MENDES FRANCE, 75013 PARIS, NAF CODE 6419 Z –
INTRA-COMMUNITY VAT NUMBER FR34383000692 CO.REG.NO B2019100200001
By aiming and signing this official letter of approval, you agree to guarantee the loan by your
personal surety and the pledge of your business assets.

Please read the business loan computation documents carefully and If you have any questions or
concerns, please feel free to contact us at any time through our mail or phone call during business
hours.

We hope that this loan will help you achieve your financial goals and grow your business. We look
forward to working with you. Your acknowledgment and acceptance must be received by CE, by
signature, within 10 banking days from the date of this letter; otherwise, the approval letter will
be VOID. The Chairman or the Board President authorized by your organization to execute the
loan documents must execute, date, and return this approval letter

Sincerely,

ACKNOWLEDGED AND ACCEPTED BY: (The BORROWER)

Name :
Title :
Date :

CAISSE D’EPARGNE LIMITED BANK FRANCE


PUBLIC LIMITED COMPANY WITH A MANAGEMENT BOARD AND STEERING AND
SUPERVISORY BOARD - SHARE CAPITAL OF €1, 766, 156,000
HEAD OFFICE : 50 AVENUE PIERRE MENDES FRANCE, 75013 PARIS, NAF CODE 6419 Z –
INTRA-COMMUNITY VAT NUMBER FR34383000692 CO.REG.NO B2019100200001
Amplification :
- Meazer Lending Corporation (Credit Intermediary)
- Bangko Sentral ng Pilipinas

CAISSE D’EPARGNE LIMITED BANK FRANCE


PUBLIC LIMITED COMPANY WITH A MANAGEMENT BOARD AND STEERING AND
SUPERVISORY BOARD - SHARE CAPITAL OF €1, 766, 156,000
HEAD OFFICE : 50 AVENUE PIERRE MENDES FRANCE, 75013 PARIS, NAF CODE 6419 Z –
INTRA-COMMUNITY VAT NUMBER FR34383000692 CO.REG.NO B2019100200001

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