July 25, 2007
Mrs. Rodalyn S. Navarro
Sta. Rosa Village
Makati City
Dear Mrs. Navarro:
Good day!
I am pleased to inform you that we have approved your home equity loan application. As we discussed earlier, the loan amount will be 3.2M with an annual interest of 8.5% per annum.
Enclosed here is a disclosure form that outlines the loan terms. If there are questions, please do not hesitate to call Mr. James R. Borromeo to answer your queries.
Sincerely,
Jennifer R. Lee