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.
Personal Loan Form Document for Chase: A Comprehensive Guide A personal loan form document is a crucial piece of paperwork required by Chase Bank when applying for a personal loan. It encompasses all the necessary details, terms, and conditions that both the borrower and the lender need to agree upon. Chase Bank, a well-established financial institution, offers various types of personal loan form documents designed to cater to different customer needs. Some of these include: 1. Unsecured Personal Loan Form: This type of form is applicable for borrowers who seek a loan without the need for collateral. The unsecured personal loan form requires the borrower to provide personal and financial information, such as income, employment details, credit history, and the desired loan amount, among other essential details. 2. Secured Personal Loan Form: For individuals who prefer a loan with collateral, Chase Bank provides a secured personal loan form. This form requires the borrower to disclose assets, such as property, vehicles, or savings accounts, that will act as collateral in case of loan default. The secured personal loan form contains similar information as the unsecured form, along with the details of the collateral. 3. Personal Line of Credit (LOC) Loan Form: Chase Bank also offers a personal line of credit, whereby borrowers can access funds whenever needed up to a predetermined limit. The personal LOC loan form consists of details about the borrower's income, credit history, and the desired credit line amount. It also includes terms related to interest rates, repayment schedule, and any fees associated with the line of credit. Regardless of the type of personal loan form document, Chase Bank ensures that the information provided by the applicant is accurate and complete. The form typically includes the following sections: 1. Personal Information: This section collects personal details such as name, address, contact information, and social security number. 2. Employment and Income Details: To assess the borrower's ability to repay the loan, the form requires employment information, including employer name, job title, length of employment, and monthly income. 3. Loan Details: This section allows applicants to specify the desired loan amount, purpose of the loan, and the preferred loan term or duration. 4. Financial Information: The financial information section delves into the applicant's financial standing, including monthly expenses, existing debts, and other financial obligations. 5. Credit History: To determine creditworthiness, the form incorporates questions about the applicant's credit history and whether they have any outstanding loans or payment defaults. 6. Agreement and Authorization: This section finalizes the form by obtaining the applicant's signature, thereby acknowledging their consent to the terms and conditions specified by Chase Bank. Chase Bank personal loan form documents are crucial in facilitating an efficient and transparent process for both borrowers and lenders. By accurately completing the form and adhering to the guidelines, applicants can increase their chances of securing a personal loan that suits their needs and financial goals.
