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 form application with CIBC is a document that individuals need to fill out to apply for a personal loan from the Canadian Imperial Bank of Commerce (CIBC). This application form gathers important information about the borrower and serves as a means for CIBC to assess the borrower's creditworthiness and determine the terms and conditions of the loan. The personal loan application form typically requires the applicant to provide personal details such as their full name, contact information, date of birth, social insurance number, and employment details. These details are necessary for identification and verification purposes. In addition to personal information, the CIBC personal loan application form may also include sections to document the loan specifics, such as the desired loan amount and term. Applicants can specify the purpose of the loan, whether it is for debt consolidation, home renovations, education expenses, or any other valid reason. CIBC offers various types of personal loan forms applications to cater to different borrower needs. Some common types of personal loan forms applications offered by CIBC include: 1. Personal Installment Loan Application: This application is used by individuals looking for a one-time lump sum loan, where the borrowed amount is repaid in fixed monthly installments over a specified period. 2. Personal Line of Credit Application: This application is used by individuals who require a revolving credit facility. A personal line of credit allows borrowers to withdraw funds as needed up to a predetermined credit limit. Interest is only charged on the borrowed amount. 3. Secured Personal Loan Application: This application is used by individuals willing to provide collateral (such as a car or property) to secure the loan. A secured personal loan typically offers lower interest rates and higher borrowing limits compared to unsecured loans. 4. Student Loan Application: CIBC offers specific personal loan application forms for students seeking financial assistance for their education. These applications may require additional documentation, such as proof of enrollment and expected course duration. It is essential to carefully fill out the personal loan form application with accurate information to ensure a smooth and efficient loan approval process. Providing necessary supporting documents, such as identification proof, income details, and credit history, can also enhance the chances of obtaining a personal loan from CIBC.
