Personal Loan Form Document For Bank
Description
How to fill out Personal Loan Agreement Document Package?
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FAQ
What should be in a personal loan contract? Names and addresses of the lender and the borrower. Information about the loan co-borrower or cosigner, if it's a joint personal loan. Loan amount and the method for disbursement (lump sum, installments, etc.) Date the loan was provided. Expected repayment date.
What a personal loan agreement should include Legal names and address of both parties. Names and address of the loan cosigner (if applicable). Amount to be borrowed. Date the loan is to be provided. Repayment date. Interest rate to be charged (if applicable). Annual percentage rate (if applicable).
Lenders require a few documents that can serve as proof of your identity and financial information to approve you for a loan. Some of the documents you'll be asked to provide include, copies of your state- or government-issued ID, copies of paystubs, tax returns or bank statements.
You'll fill in how much you pay for housing (rent or mortgage payments) and might have to include information on any other debts you have. You typically need to provide your annual or monthly income as well. Bank statements and tax returns might be required to back up your information.
Personal details, including name, address, phone number, date of birth and Social Security number. Loan details, including desired loan amount, loan purpose and repayment term. Proof of employment and income. Information about current debts.