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.
Loan document form for employees is a crucial legal document that outlines the terms and conditions for providing financial assistance to employees by their employers or lending institutions. This form acts as a binding agreement between the employer or lender and the employee, ensuring transparency and safeguarding the interests of both parties involved. The Loan document form for employees typically includes the following key details: 1. Employee details: The form begins with capturing the employee's personal and contact information, including their full name, employee ID, address, and contact details. This information helps in uniquely identifying the employee availing the loan. 2. Loan details: This section of the form highlights the specifics of the loan, including the loan amount, interest rate, repayment terms, and any associated fees or charges. It is crucial to clearly mention the purpose and nature of the loan, whether it is for personal reasons, education, medical emergencies, or other permissible purposes. 3. Repayment schedule: The Loan document form outlines the repayment schedule, specifying the duration of the loan, the number of installments, and the due dates for each payment. It may also include details regarding the method of repayment, such as deductions from the employee's salary or any alternative payment arrangement. 4. Interest rates and fees: This section details the interest rates charged on the loan amount and any additional fees or penalties applicable, such as late payment charges or prepayment penalties. It is essential to provide a breakdown of these charges to ensure clarity and transparency. 5. Confidentiality and data protection: Safeguarding employee confidentiality is crucial, and this section ensures that all personal and financial information shared by the employee remains protected and used solely for loan-related purposes. It may also include clauses on data security and the borrower's consent for sharing information with relevant financial institutions or credit bureaus. Different types of Loan document forms for employees may exist depending on the specific loan programs or policies offered by an organization or a lending institution. Some common variations include: 1. Salary advance form: This form allows employees to apply for a portion of their future salary in advance, which is deducted later from their salary in installments. 2. Education loan form: It is designed specifically for employees seeking financial assistance for pursuing higher education or professional courses. This form may include additional fields to capture details such as the course name, institute, course duration, etc. 3. Emergency loan form: This form caters to employees facing unforeseen emergencies such as medical expenses, accidents, or natural disasters and require immediate financial support. 4. Relocation loan form: This is applicable to employees who need financial assistance when relocating for work purposes, covering expenses such as housing, transportation, or temporary accommodation. In conclusion, Loan document forms for employees play a pivotal role in documenting the terms and conditions of lending money to employees by employers or lending institutions. These forms ensure transparency, protect the interests of both parties, and facilitate clear communication regarding the loan arrangement.
