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.
Personal Loan Agreement Format in Marathi: A Detailed Description A personal loan agreement format in Marathi is a legally binding document that outlines the terms and conditions of a personal loan between two parties, namely the lender and the borrower, in the Marathi language. This format ensures clarity and eliminates confusion regarding loan details and repayment. The personal loan agreement format in Marathi typically contains several key components. Firstly, it includes the names, addresses, and contact information of both the lender and the borrower. Additionally, it specifies the loan amount, interest rate, and any applicable fees or charges. The agreement also outlines the repayment terms, such as the repayment schedule, due dates, and consequences of late or missed payments. Different types of personal loan agreement formats in Marathi may exist based on the specific purpose or nature of the loan. Some common types include: 1. General Personal Loan Agreement: This format is widely used for personal loans that do not have any specific requirements or restrictions. It covers general personal loans for various purposes like debt consolidation, home renovations, or wedding expenses. 2. Student Loan Agreement: This format caters specifically to educational loans. It outlines the terms of repayment and any specific conditions applicable to educational loans, such as a grace period after graduation or interest subsidies. 3. Secured Personal Loan Agreement: This format applies when the borrower pledges collateral, such as property, vehicles, or valuable assets, to secure the loan. It provides details about the collateral, its valuation, and the consequences of defaulting on the loan. 4. Microfinance Loan Agreement: This format suits small-scale borrowers who require minimum loan amounts. Microfinance institutions generally use this agreement format, and it includes specific terms and conditions that align with the principles of microfinance lending. Regardless of the type of personal loan, it is crucial to have a comprehensive agreement format in Marathi to safeguard both parties involved. This document serves as evidence of the loan agreement and is crucial in case of disputes or legal proceedings. In conclusion, a personal loan agreement format in Marathi is a crucial document that establishes the terms and conditions of a personal loan between a lender and a borrower. It ensures clarity, accountability, and legal protection for both parties. Different types of personal loan agreement formats in Marathi cater to various loan purposes, such as general loans, student loans, secured loans, and microfinance loans.
