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 document for Bajaj Finance is an essential paperwork that borrowers need to fill out when applying for a personal loan with Bajaj Finance, one of the leading financial institutions in India. This document gathers crucial information such as the borrower's personal details, financial information, employment details, and loan requirements. The personal loan form document ensures that Bajaj Finance has accurate and complete information about the borrower, enabling them to assess the borrower's creditworthiness and commit to a suitable loan agreement. The personal loan form document for Bajaj Finance contains several sections that need to be thoroughly filled out. The following are some essential sections found in the personal loan form: 1. Personal Information: This section includes fields for providing personal details like name, age, gender, contact information, permanent address, and email ID. 2. Employment Information: Here, the borrower needs to provide details about their employment status, such as current employer's name, designation, years of service, and monthly income. If self-employed, relevant business details are required, including income statements and bank statements. 3. Financial Information: In this section, the borrower fills in details regarding their financial position, including existing loans, monthly expenses, and assets owned. This information helps Bajaj Finance evaluate the borrower's ability to repay the loan. 4. Loan Details: This section specifies the loan amount requested, preferred loan term, purpose of the loan, and any collateral being offered, if applicable. 5. Identification and Address Proof: The borrower must submit copies of relevant identification documents such as PAN card, Aadhaar card, passport, or driver's license. They also need to provide a recent utility bill or rental agreement as proof of address. 6. Declaration and Consent: This part requires the borrower's signature, indicating their consent to the terms and conditions of Bajaj Finance. It also authorizes the verification of credit history, employment details, and other relevant information. Different types of personal loan form documents for Bajaj Finance may exist based on the loan programs or specific requirements. They could include: 1. Regular Personal Loan Form: This form is the standard application form for personal loans offered by Bajaj Finance, catering to individuals seeking funds for various purposes. 2. Business Loan Form: Bajaj Finance may have a separate personal loan form dedicated to individuals seeking funds for their business or self-employed individuals requiring financial assistance. 3. Top-Up Loan Form: If a borrower already has an existing personal loan with Bajaj Finance and wishes to avail additional funds, a top-up loan form will be required. This form includes sections highlighting the existing loan details and the desired top-up amount. It is important to remember that the exact personal loan form names and sections may vary based on Bajaj Finance's policies and regulatory requirements. Borrowers should carefully read the instructions and provide accurate information while filling out the personal loan form document.
