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 document form is an essential piece of paperwork required by banks when individuals or businesses apply for a loan. This form serves as a legal agreement between the borrower and the bank, outlining the terms and conditions of the loan. It is crucial in ensuring transparency, clarifying obligations, and protecting the interests of both parties involved. The loan document form typically includes various sections that gather important information. These may encompass personal or business details of the borrower, loan purpose, loan amount requested, repayment terms, interest rates, collateral details (if applicable), and any additional charges or fees. Additionally, the form may also cover clauses related to late payments, default consequences, loan insurance, and prepayment options. Different types of loan document forms exist to cater to specific loan categories, ensuring legal compliance and efficient processing. Some common forms include: 1. Personal Loan Document Form: This form is designed for individuals seeking a personal loan from a bank to fulfill personal requirements such as education, home renovation, or debt consolidation. 2. Mortgage Loan Document Form: A mortgage loan form is used when individuals wish to purchase a property or refinance an existing mortgage. It includes clauses related to property details, mortgage amount, repayment terms, and foreclosure procedures. 3. Business Loan Document Form: This form caters to businesses or startups in need of financial assistance, such as working capital loans, equipment financing, or expansion loans. It may include additional sections pertaining to business registration, financial statements, business plans, and guarantees. 4. Auto Loan Document Form: Specific to purchasing a vehicle, this form captures details about the car, loan value, repayment terms, interest rates, and rights of repossession in case of default. 5. Student Loan Document Form: This form focuses on individuals seeking educational loans. It gathers information about the borrower's school, course, loan amount requested, repayment options, and deferment possibilities. 6. Credit Card Loan Document Form: For those interested in obtaining a credit card, this form covers various aspects such as the applicant's financial history, credit limit, interest rates, payment requirements, and penalties for non-payment. It is essential for both the bank and borrower to carefully review and understand the loan document form before signing. This ensures that all terms and conditions are agreed upon and helps prevent future disputes or misunderstandings.
