February 23, 2001
Ms. Annaliza Lee
Wacky Wacky Subd.
Cubao, Quezon City
Dear Ms. Lee:
Good day!
We would like to inform you that our institution has approved your loan application for Php150,000 with interest to be paid at 10.5 Annual Percentage Rate.
We are expecting that the loan to be paid in full within five years. Please don’t hesitate to call me sometime during the week so that we can draw up the final papers.
Attached herewith is an amortization schedule for your reference.
Sincerely yours,
Pepito Manaloto
Account Officer