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 without lines is a structured and organized template that enables individuals to record and document essential information related to personal loans. This form typically consists of various sections and fields that need to be filled out accurately to ensure transparency and clarity regarding the loan agreement between the borrower and the lender. Personal loan document forms without lines are available in several types, each serving a specific purpose. Some common types include: 1. Personal Loan Application Form: This form is used by borrowers to provide their personal details, employment history, income, credit score, and other relevant information required by the lender to assess the borrower's creditworthiness. 2. Promissory Note: A promissory note is a legally binding document that outlines the terms and conditions of the personal loan, including the principal amount, interest rate, repayment schedule, and any additional fees or penalties. This form is signed by both parties and serves as evidence of the loan agreement. 3. Loan Agreement: A loan agreement form contains comprehensive details about the personal loan, including the names of the borrower and lender, the loan amount, interest rate, repayment terms, collateral (if any), and any other terms and conditions that both parties need to adhere to. 4. Guarantor Agreement: In cases where a borrower lacks sufficient credit history or income to secure a personal loan, a guarantor agreement form may be required. This document outlines the responsibilities and obligations of the guarantor who agrees to repay the loan in case the borrower defaults. 5. Disbursement Form: This form is used by lenders to record the disbursement of the loan amount to the borrower. It includes fields to mention the disbursed amount, date, mode of transfer, and any associated charges. 6. Loan Modification Agreement: In situations where the borrower and lender agree to modify any terms of the personal loan, a loan modification agreement form is used. This form captures the changes made to the loan's original terms, such as interest rate, repayment schedule, or loan duration. Personal loan document forms without lines provide a structured format for documenting all the necessary details, reducing the possibility of miscommunication or omissions. It is crucial for both borrowers and lenders to thoroughly review and understand the contents of these forms before signing, to ensure transparency and avoid any disputes or misunderstandings in the future.
