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 with payment is a crucial document that is used to establish a formal agreement between a lender and a borrower for the disbursement and repayment of a personal loan. This document serves as evidence of the loan agreement and outlines the terms and conditions for both parties involved. Keywords: Personal loan, document form, payment, lender, borrower, disbursement, repayment, loan agreement, terms and conditions. There are various types of personal loan document forms with payment, and some of the most common ones include: 1. Promissory Note: This is a legal document that outlines the terms of the loan, including the loan amount, interest rate, repayment schedule, and any other terms and conditions agreed upon by the borrower and lender. The borrower signs this document to acknowledge their commitment to repay the loan. 2. Loan Agreement: This comprehensive document provides a detailed overview of the loan terms, loan amount, interest rate, repayment plan, and any collateral involved. It also includes clauses regarding late payments, prepayment penalties, and default consequences. Both parties sign this agreement, making it a legally binding contract. 3. Loan Application: This form is completed by the borrower to apply for a personal loan. It typically requires personal information, employment details, income verification, and an outline of the requested loan amount and purpose. The lender reviews this application to assess the borrower's eligibility for the loan. 4. Payment Schedule: This document details the specific payment dates, amounts, and payment methods agreed upon by the borrower and lender. It highlights the repayment plan over the loan term and acts as a handy reminder for the borrower. 5. Loan Disbursement Form: This form is used by the lender to record the disbursement of the loan amount to the borrower. It includes details such as the loan amount, date of disbursement, method of payment, and the recipient's acknowledgment. 6. Repayment Authorization: This document authorizes the lender to automatically deduct loan payments from the borrower's bank account on predetermined dates. It grants the lender permission to collect the payments timely and ensures that the borrower adheres to the loan repayment schedule. In summary, a personal loan document form with payment encompasses various forms and documents associated with the lending and repayment process. These forms include promissory notes, loan agreements, loan applications, payment schedules, loan disbursement forms, and repayment authorizations. It is essential for both the lender and borrower to carefully review and understand the contents of these documents to ensure a transparent and smooth loan process.
