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 a signature is a legal agreement between a lender and a borrower for obtaining a personal loan. It serves as proof of the terms and conditions that both parties have agreed upon. This document requires the borrower's signature, indicating their consent and understanding of the loan terms. The personal loan document form generally includes crucial information such as the loan amount, interest rate, repayment schedule, and any additional fees or penalties. It outlines the duration of the loan, including specific dates for starting and completing payments. Details regarding collateral requirements, if applicable, may also be mentioned in the form. Different types of personal loan document forms with signatures may vary depending on the lending institution and the nature of the loan. Some common types of personal loan documents include: 1. Unsecured Personal Loan Agreement: This type of loan does not require any collateral, relying solely on the borrower's creditworthiness. The borrower's signature on the form confirms their commitment to repay the loan according to the agreed terms. 2. Secured Personal Loan Agreement: In contrast to an unsecured loan, this type of loan requires the borrower to pledge collateral, such as a vehicle or property, to secure the loan. The personal loan document with signature in this case serves as evidence of the borrower's agreement, along with their commitment to offer the collateral as security against the loan. 3. Co-Signed Personal Loan Agreement: Sometimes, lenders may ask for a co-signer who would be equally responsible for repaying the loan in case the borrower defaults. The personal loan document form with the signatures of both the borrower and the co-signer highlights their shared responsibility. 4. Payday Loan Agreement: Payday loans are short-term loans that borrowers repay on their next payday. The personal loan document form, signed by the borrower, acknowledges their understanding of the specific terms and conditions associated with this type of loan, including the due date and any applicable fees. Regardless of the specific type, a personal loan document form with a signature is crucial for protecting the rights and interests of both the lender and the borrower. It serves as a legally binding agreement that ensures transparency and accountability throughout the loan repayment process.
