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 application form is a document that individuals need to complete when applying for a personal loan from a financial institution or lending agency. This form is a crucial part of the loan application process, as it provides the lender with essential information about the borrower's financial background, employment, and other relevant details to assess their creditworthiness. Keywords: personal loan application, form, financial institution, lending agency, loan application process, borrower, creditworthiness, financial background, employment. Different types of personal loan application forms may vary slightly based on the requirements of the lending institution or the specific type of personal loan being sought. Some common types of personal loan application forms include: 1. Unsecured Personal Loan Application Form: This form is for individuals who are seeking a personal loan without collateral. It typically requires detailed information about the borrower's identity, contact details, employment status, monthly income, liabilities, and other relevant financial information. 2. Secured Personal Loan Application Form: This application form is specifically designed for individuals looking to secure a personal loan with collateral, such as a home or vehicle. In addition to personal and financial details, this form may also require information about the asset being pledged for the loan. 3. Payday Loan Application Form: Payday loans are short-term loans that are typically repaid on the borrower's next payday. The application form for a payday loan may ask for information about the borrower's income source, employment details, bank account information, and post-dated checks. 4. Online Personal Loan Application Form: With the rise of online lending platforms, many lenders now offer the convenience of applying for personal loans online. The online application form may require similar information as traditional forms, but with the added convenience of digital submission. 5. Credit Union Personal Loan Application Form: Credit unions, which are member-owned financial cooperatives, often have their own specific loan application forms. These forms may include questions about the borrower's membership status, savings accounts, and other credit union-related information. Regardless of the type of personal loan application form, it is crucial for applicants to fill in accurate and complete information. Incomplete or inaccurate information may lead to delays or even rejection of the loan application.
