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 document form for Chase Bank is a crucial paperwork that borrowers need to complete when applying for a personal loan. Personal loans refer to the funds borrowed from a lending institution for various personal needs such as debt consolidation, home renovations, medical bills, or unexpected expenses. Chase Bank offers a range of personal loan document forms tailored to meet the diverse financial requirements of individuals. These forms streamline and formalize the loan application process for both the bank and the borrower, ensuring a smooth transaction. The primary personal loan document form provided by Chase Bank is the Personal Loan Application Form. This form requires the borrower to provide important information, including their personal details such as name, address, social security number, contact information, and employment details. The form also requires borrowers to disclose their desired loan amount, desired loan term, and purpose of the loan. Additionally, applicants must provide their financial information, such as monthly income, expenses, assets, and liabilities, to assess their creditworthiness and repayment capability. Chase Bank may also offer supplementary personal loan document forms, depending on the loan product and the borrower's circumstances. These may include: 1. Co-Borrower Application Form: When applying jointly with a co-borrower, Chase Bank may require a separate form for the co-borrower to provide their personal and financial information. This form enables the bank to evaluate the creditworthiness of each individual applicant and assess their joint repayment capacity. 2. Collateral Disclosure Form: In cases where the borrower offers collateral as security for the loan, Chase Bank may provide a collateral disclosure form. This form details the collateral being pledged, its estimated value, and outlines the conditions and terms related to the collateral. 3. Promissory Note: Once the personal loan application is approved, Chase Bank may require the borrower to sign a promissory note document. This note outlines the terms and conditions of the loan, including the loan amount, interest rate, repayment schedule, fees, and any penalties associated with defaulting on the loan. These personal loan document forms are essential for both the borrower and the bank. They ensure compliance with legal requirements, protect the rights and interests of both parties, and establish the framework for a successful lending partnership. It is crucial for borrowers to carefully review and complete these forms accurately, and seek clarification from Chase Bank if they have any questions or concerns.
