The Home Loan Agreement serves as the primary legal document for residential property financing in the Philippines, used when individuals or entities seek to borrow funds for home purchase, construction, or renovation. This agreement, governed by Philippine law, must comply with several key regulations including the Truth in Lending Act (RA 3765), General Banking Law (RA 8791), and Consumer Act of the Philippines (RA 7394). It details crucial elements such as loan amount, interest calculations, repayment schedules, and security arrangements, while incorporating mandatory consumer protections and disclosure requirements. The document establishes the mortgage over the property, outlines the rights and obligations of all parties, and provides mechanisms for handling default scenarios, making it essential for both lenders and borrowers in residential property transactions.
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 Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies the lender (financial institution) and borrower(s), including their complete legal names, addresses, and tax identification numbers
2. Background: Explains the context of the loan agreement, including the borrower's request for financing and the lender's agreement to provide it
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Loan Amount and Purpose: Specifies the principal amount of the loan and confirms it will be used for home purchase/construction/renovation
5. Interest Rate and Charges: Details the interest rate (fixed or variable), calculation method, and other applicable fees and charges
6. Term and Repayment: Specifies the loan duration and repayment schedule, including payment amounts, dates, and methods
7. Security and Mortgage: Details the property being mortgaged as security, including its legal description and documentation
8. Conditions Precedent: Lists conditions that must be satisfied before the loan is disbursed
9. Representations and Warranties: States the borrower's declarations regarding their legal capacity, property ownership, and financial status
10. Borrower's Covenants: Lists the borrower's ongoing obligations, including property maintenance and insurance requirements
11. Events of Default: Defines circumstances constituting default and their consequences
12. Lender's Rights and Remedies: Outlines the lender's rights in case of default, including foreclosure procedures
13. General Provisions: Contains standard clauses on notices, amendments, governing law, and dispute resolution
1. Guarantor Provisions: Required when there is a guarantor for the loan, detailing their obligations and liabilities
2. Construction Provisions: Included when the loan is for home construction, detailing disbursement schedules and construction requirements
3. Insurance Requirements: Detailed section on insurance when the lender requires specific types of coverage beyond standard requirements
4. Prepayment Terms: Detailed terms for early repayment when the lender allows prepayment with specific conditions
5. Co-Borrower Provisions: Required when there are multiple borrowers, detailing joint and several liability
6. Property Development Restrictions: Included for properties in development areas or with specific zoning requirements
7. Special Payment Arrangements: Used when there are non-standard payment arrangements like grace periods or step-up payments
1. Schedule 1 - Property Details: Detailed legal description of the mortgaged property, including boundaries and technical specifications
2. Schedule 2 - Payment Schedule: Amortization table showing breakdown of principal and interest payments over the loan term
3. Schedule 3 - Fees and Charges: Comprehensive list of all applicable fees, charges, and their computation methods
4. Schedule 4 - Insurance Requirements: Detailed specifications of required insurance coverage and terms
5. Schedule 5 - Document Checklist: List of required documents for loan processing and disbursement
6. Appendix A - Loan Application Form: Copy of the completed and signed loan application form
7. Appendix B - Property Valuation Report: Professional appraisal report of the mortgaged property
8. Appendix C - Title Documents: Copies of property title and other relevant property documents
Relevant legal definitions
Clauses
Relevant Industries
Banking
Real Estate
Financial Services
Insurance
Construction
Property Development
Legal Services
Mortgage Services
Relevant Teams
Legal
Compliance
Credit Risk
Mortgage Operations
Document Management
Customer Service
Collections
Underwriting
Property Valuation
Account Management
Relevant Roles
Loan Officer
Mortgage Specialist
Credit Analyst
Legal Counsel
Compliance Officer
Risk Manager
Property Appraiser
Banking Operations Manager
Relationship Manager
Document Controller
Credit Risk Officer
Branch Manager
Underwriter
Collections Manager
Property Manager
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.
Download
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.
Download
Loan Agreement Form With Collateral
A Philippine law-governed agreement establishing terms for a secured loan, including collateral arrangements and enforcement provisions.
Download
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.
Download
Personal Loan Form
Philippine-compliant personal loan agreement template covering loan terms, obligations, and regulatory requirements under Philippine law.
Download
Loan Form
A Philippine-compliant loan agreement template incorporating mandatory lending disclosures and terms under local banking regulations.
Download
Cellphone Loan Agreement
A Philippine law-governed agreement establishing terms and conditions for cellphone lending arrangements, ensuring regulatory compliance and protecting all parties' interests.
Download
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.
Download
Friendship Loan Agreement
A Philippine-compliant legal agreement formalizing a loan arrangement between friends or acquaintances, balancing legal protection with relationship preservation.
Download
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.
Download
Hardware Loan Agreement
A Philippine law-governed agreement establishing terms for temporary hardware equipment loans, including maintenance, liability, and return conditions.
Download
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.
Download
Loan Car Form
A Philippine-compliant legal document establishing terms and conditions for temporary vehicle lending between parties, including responsibilities, insurance, and liability arrangements.
Download
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.
Download
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.
Download
Acknowledgement Of Debt Agreement
A Philippine law-governed agreement where a debtor formally acknowledges their debt and agrees to specific repayment terms.
Download
Balloon Loan Agreement
A Philippine law-governed loan agreement featuring regular installments with a larger final balloon payment, compliant with local banking regulations.
Download
Discounted Payoff Agreement
A Philippine law-governed agreement where a creditor accepts a reduced sum as full settlement of an outstanding debt.
Download
Salary Loan Agreement
A Philippine law-governed agreement establishing terms for a loan repaid through salary deductions, compliant with local banking and labor regulations.
Download
Overagreement
A Philippine law-governed master agreement establishing the framework for ongoing business relationships and future specific agreements between parties.
Download
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.
Download
Facility Letter Mortgage
A Philippine banking document that combines a credit facility offer with mortgage security arrangements, compliant with local banking and property laws.
Download
Credit Terms Agreement
A Philippine law-governed agreement establishing credit terms between creditor and debtor, including payment conditions, interest rates, and security arrangements.
Download
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.
Download
Employee Laptop Agreement
A Philippine-compliant agreement governing the provision and use of company laptops by employees, incorporating local data privacy and cybersecurity requirements.
Download
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.
Download
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.
Download
Loan Repayment Letter
A formal written commitment under Philippine law to repay an outstanding loan according to specified terms and conditions.
Download
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.
Download
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.
Download
Private Lending Term Sheet
A term sheet outlining key terms and conditions for private lending arrangements under Philippine law.
Download
Personal Loan Receipt
A Philippine-compliant document that evidences a personal loan transaction and outlines repayment terms between lender and borrower.
Download
Payday Loan Contract
A Philippine law-governed agreement for short-term loans secured against future paychecks, detailing loan terms and ensuring regulatory compliance.
Download
Loan Agreement With Guarantor
A Philippine law-governed agreement establishing loan terms between lender and borrower, secured by a guarantor's commitment.
Download
Loan Agreement With Collateral
A Philippine law-governed agreement documenting a secured lending arrangement with detailed provisions for loan terms and collateral security.
Download
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.
Download
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.
Download
Employee Laptop Loan Agreement
A Philippine-law governed agreement for the loan of company laptops to employees, establishing usage terms and compliance requirements.
Download
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.
Download
Employee Cash Advance Agreement
A Philippine-compliant agreement governing the terms of cash advances provided to employees and their repayment through salary deductions.
Download
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)