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 personal loan agreement format in Nepali is a legally binding document that outlines the terms and conditions between a lender and a borrower for borrowing money on a personal basis. It is written in Nepali language and follows the specific laws and regulations of Nepal. This agreement format ensures clarity and transparency, protecting the rights and responsibilities of both parties involved in the loan transaction. Here are some relevant keywords related to personal loan agreement formats in Nepali: 1. व्यक्तिगत कर्जKarmaमझौता ढाँचा (Vyaktigat Karja Samjhauta Dharacha): This term refers to the personal loan agreement format in Nepali. 2. ँपPetraर (Patra): Meaning "letter" or "document," this keyword emphasizes the formal written aspect of the agreement. 3. पकPass (Paksh): Signifying "party," it is used to denote the lender and borrower involved in the agreement. 4. चुChukkaा (Chukta): The word for "contract," highlighting the legally binding nature of the loan agreement. 5. कर्जेKarenयाजदर (Karjeko Byajdar): This term refers to the interest rate charged on the loan by the lender. 6. चुक्ताChukkaथिरीकरण (Chukta Sthirikaran): Meaning "contract amendment," it signifies any modifications or changes made to the loan agreement. There can be various types of personal loan agreement formats in Nepali, including: 1. सादारण व्यवसायिक व्यकSaharanगत कर्जा समझौता ढाँचा (Sadaran VyavaKarma Vyaktigat Karja Samjhauta Karachi): This format is used for general personal loans to individuals. 2. घर निर्माण Gear्जा समझौता ढाँचKarachihihihihiSamjhauta Dharacha): This format is specific to personal loans taken for the purpose of constructing or renovating a house. 3. व्यवसायिक कर्जाKarmaझौता ढाँचा (Vyavasayik Karja Samjhauta Dharacha): This format caters to personal loans taken for business purposes. It is important to note that personal loan agreement formats may vary depending on the lender, the purpose of the loan, and any specific terms and conditions agreed upon by both parties. It is crucial to carefully review and understand the contents of the agreement before signing. Consulting legal professionals or financial advisors experienced in Nepali law may be helpful to ensure compliance with all legal requirements.
