This package includes the essential forms needed for making and collecting a personal loan. These forms are an important tool for avoiding future misunderstandings and disputes. Purchase of this package is a savings of more than 50% over purchase of the forms individually!
The following forms are included in this package:
Unsecured Installment Payment Promissory Note for Fixed Rate - This is a Promissory Note for your state. The promissory note is unsecured, with a fixed interest rate, and contains a provision for installment payments.
Secured Promissory Note - This form is a secured Promissory Note. The note includes a provision which describes the collateral to be used as security on the loan. The form also contains a section which details various actions which would constitute default on the note.
Personal Guaranty - General - This form is a Guaranty. The form provides that the guarantor assures the full and prompt payment of all obligations incurred by the payor.
Sample Letter for Past Due Balance - This is a sample notice for use when a debtor is overdue in payments on a promissory note. A time period for making payment before further action is taken, which may be modified to suit your needs, is provided.
Complaint for Past Due Promissory Note - The form is a complaint for a default on payments due pursuant to a promissory note. The complaint adopts the "notice pleadings" format of the Federal Rules of Civil Procedure, which have been adopted by most states in one form or another.
Promissory Note with Installment Payments - This form is a Promissory Note. The form provides that the borrower promises to pay the lender in monthly installments. The agreement also provides that there will not be a pre-payment penalty on the note.
Notice of Default in Payment Due on Promissory Note - This form is a notice of a failure to make a required payment when due pursuant to a promissory note. The form also contains a warning to the breaching party that legal action will be taken unless the breach is remedied on or before a certain date. This form is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a notice in a particular jurisdiction.
Resolution of Meeting of Corporation to Make Specific Loan - This form is a resolution of meeting of a board of directors or shareholders to make specific loan. This form may be easily modified for use by other business entities.
Receipt for Payment of Account - This form is a Receipt. The form provides that the undersigned acknowledges the receipt of a certain sum of money which constitutes payment on the account named in the receipt. The receipt also lists the balance remaining on the account, if applicable.
Promissory Note with Confessed Judgment Provisions - This form is a Promissory Note with Confessed Judgment Provisions. The maker of the note promises to repay a loan received from the lender, with interest. The form provides that if the maker defaults upon the loan, the lender may exercise the option of demanding the immediate payment of the entire loan. The debtor agrees to have judgment entered in the lenders favor if court action is brought to enforce collection.
Balloon Unsecured Promissory Note - This form is a model balloon promissory note, with a fixed interest rate. A balloon note is structured such that a large payment is due at the end of the repayment period. Adapt to fit your specific circumstances.
A loan agreement online format is a legally binding document that outlines the terms and conditions of a loan between a lender and a borrower. This online format allows individuals or businesses to conveniently create, customize, and sign loan agreements without the need for physical paperwork. The loan agreement online format typically includes essential information such as the names and contact details of both parties, loan amount, interest rates, repayment terms, and any collateral or security provided. Additionally, it may include provisions regarding late payment penalties, early repayment options, and dispute resolution methods. There are various types of loan agreements online formats available to cater to different loan purposes and borrower needs. Some of them include: 1. Personal Loan Agreement: This type of agreement is used when individuals borrow money for personal expenses such as education, medical bills, car purchases, or home renovations. 2. Business Loan Agreement: Businesses utilize this agreement to secure funds for matters such as expansion, equipment purchases, inventory financing, or working capital requirements. 3. Mortgage Loan Agreement: This agreement is specifically designed for real estate transactions, where the borrower pledges their property as collateral for the loan. 4. Student Loan Agreement: This format is used to formalize the terms of educational loans, including tuition fees, accommodation expenses, and other related costs. 5. Payday Loan Agreement: Typically used for short-term borrowing needs, this format specifies the terms of a loan repaid on the borrower's next payday. 6. Microfinance Loan Agreement: Such agreements are common in the microfinance industry, facilitating small-scale loans to individuals or groups who lack access to traditional banking services. Loan agreement online formats offer several advantages over traditional paper-based agreements. They provide convenience, accessibility, and efficiency by allowing parties to input their information digitally, customize clauses, and e-sign the document within a secure online platform. These formats also eliminate the time-consuming and costly process of printing, mailing, and storing physical documents. In conclusion, loan agreements online formats are a convenient and efficient way to establish the terms and conditions of a loan between a lender and a borrower. With various types available, individuals and businesses can easily find the appropriate format that suits their specific loan requirements.
