#UsapangPera: Mga Tips sa Pagyaman with Sir Vince tackles money issues such as savings, loans, budgeting, and investing among others. Visit Sir VInce's website: www.vincerapisura.com. How to join SEDPI Coop: 1. Join SEDPI at bit.ly/SEDPIOnlineSRI by clicking “Register” and filling out the form 2. Take the online Pre-Membership Education Seminar (PMES) at bit.ly/SEDPICoopPMES 3. Pay membership fee and initial share capital bit.ly/SEDPIPay Simulan ang pagiinvest the socially responsible way sa: bit.ly/SEDPIOnlineSRI Pag-IBIG MP2: * Watch the play list: https://www.youtube.com/playlist?list... * How to invest: https://m.me/vincerapisura?ref=w13160758 SSS Retirement: Watch the playlist https://www.youtube.com/playlist?list... How to invest 100K: https://youtu.be/dxHRZn7uP-4 Celebrity guests include venus Raj (Season 1); Nicole Cordovez and Sinon Loresca (Season 2); Atom Araullo (Season 3) and Porky (Season 4).

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Pag titignan natin dito, we have an example of an amortization schedule.

Ito yung amortization ni Diego.

Ito yung amortization ni Diego, 32,203 yung tirang balance.

Ang amortization niya ay 1,486.

Ang 268 ang interest at 1,218 ang principal.

Pag in-add mo ito, yan yung amortization, yan yung monthly niya for 24 months.

Sa penalty natin, yung loan amortization na hindi na-remit on due date

shall bear a penalty of 1% per month until the loan is fully repaid.

So dito sa repayment natin dyan, kunwari nakapagbayad ng first month itong si Diego

tapos sa second month nakapagbayad ulit siya.

Pero sa third month, either nagpasaway na naman si Diego

or mayroon talagang problema si Diego sa pagbabayad.

So third month, fourth month, fifth, sixth, seventh, nako hindi na naman siya nakapagbayad.

So anong mangyayari kapag ganyan? Papatawan po ng penalty.

So ito po yung calculation natin sa penalty.

So yung 1,486 na previous niya, yung due niya for the month, makukumputan niya ng penalty.

So yan plus yan, 1,501 na yung for the previous month.

Tapos yung due this month, yung 1,486, 2,987.

So sunod na buwan, hindi na naman siya nakapagbayad, yun yung previous na balance niya.

So transfer lang natin dito.

Yung penalty ngayon ay maibabase na dito, diba nadagdag na yung 15 dito?

So ibig sabihin yung penalty niya dyan, nakipenalty pa.

So patong patong na talaga.

So 3,017 plus yung due niya for the month, 1,486.

So ipagpapatuloy yan, so yung month 9 niya, 12,313 na yung due ni Diego including ng penalty.

Kasi hindi na naman siya nakakapagbayad.

But wait, there's more.

So tignan natin ano ba yung but wait there's more dito.

Kasi may conditional po yung condonation.

Kapag nabayaran natin in full yung one-time payment natin, wala nang problema yun.

Dito usually nagkakaproblema sa installment plan.

So upon payment of the required down payment within the approved period,

the penalty proportionate to the percentage of the down payment shall be condoned.

Ibig sabihin ay yung penalty nandyan pa rin na balaki condoned.

Kaya nakalagay kanina sa table natin for condonation.

Kung ano yung porsyento na nabayaran mo na natapos mo doon sa principal,

yun din lang yung porsyento na tatanggalin doon sa iko-condoned na penalty.

The moment na hindi ka makapagbayad,

the remaining amount of penalty shall be fully condoned

after full payment of the outstanding consolidated loan

within the approved terms and conditions.

Ibig sabihin yan kapag hindi mo nabayaran on time,

magiging due and demandable yung condoned na portion ng ating penalty.

So tignan natin ulit dito. So ito yung 11,978 na yan na for condonation dapat

ay hindi siya makocondone kapag tayo ay hindi nagbayad on time.

So kung titignan natin dito, 11,978 x 10% is 1,197. Yan yung penalty na na-condoned from the down payment.

So yung 11,000 minus 1,197, yung 10,781 na yan,

iko-condoned siya upon full payment mo noong loan mo sa SSS.

So kunwari ay nagkaroon ka ng past due, 50% lang yung nabayaran mo na.

So kukunin din lang nila yung 50% nito, yung 50% na remaining ay kailangan na bayaran mo pa rin yun.

So yun yung ano natin dyan.

So kung mag-default ulit si Diego, babayaran din niya ang natitirang uncondoned penalty.

So yan po yung lesson natin dyan.

So kung one time payment term naman ang ating napagkwalifayan o nagbayad tayo,

100% na agad ng consolidated penalty ay condoned na

kapag na-full payment mo na siya within 30 days after the notice of approval.

The balance of the consolidated loan should be zero at the end of the term

or else considered as default na naman yung loan mo.

Ito na yun, ang condoned portion of the penalty shall be reimposed and shall become due and demandable.

Napakasakit kuya Eddie.

So ano ba yung default na tinatawag?

Ang default is failure to pay in full the agreed one time payment or down payment within the approved period.

So kapag one time payment tayo, kapag hindi ka nakapagbayo within 30 days, default ka na agad.

Or non-payment of obligation equivalent to more than 6 months accumulated monthly amortization.

So accumulated na 6 months equivalent ng amortization mo,

ano, 6 na beses ka na nakaliban equivalent, ikaw ay considered na in default.

So failure to pay in full the installment plan within the approval term

and default din kapag you've committed any fraudulent acts

against or in violation of any of the regulations and guidelines ng SSS

at yung full amount of the defaulted consolidated loan including the uncondoned portion of the penalty

shall become due and demandable.

Ayun yung ibig sabihin ng pag-default.

Hindi na aantayin na matapos yung maturity ng loan.

Kapag default ka na, due and demandable na lahat yan.

Principal, interest, penalty plus dito sa case natin na ito, yung uncondoned portion of your penalty

from your old loans. Ipapataw po ulit sa iyo yung mga yun.

So for example dito kay Diego, yung amount due for month 9, ito na yung due and demandable.

Agad-agad, now na. Kasi hindi ka nakakapagbayad, in default ka na 12,313.

Okay? So kung titignan natin dito, ito yung repayment ni Diego for month 9.

So yung ano, pag titignan natin, ito yung nalibanan niya na 6 o 7, 1, 2, 3, 4, 5, 6, 7, nakakapito na siya.

So 12,303 yun with the penalties.

Tapos kung titignan natin, mayroon pang natitira ng mga balance kasi 20,872 pa yung balance ng principal na yun.

So ia-add natin yun ngayon lahat.

So yung remaining balance na 20,872, amount due noong month 9 na 12,313 plus i-reimpose ulit yung penalty na 10,781

so ang due and demandable ay 43,966 lahat in total.

Ang reapplication, kung pwede naman tayong mag-apply ulit, allowed ito na mag-reapply tayo to continuously enjoy the waiver of penalty

subject to the applicable sanctions on loan renewal.

And in case of reapplication, the defaulted account shall be closed and a new consolidated loan account shall be set up

para hindi ka maraming mga iniisip. Okay?

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