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 self-employed individuals is a crucial piece of paperwork required by financial institutions, banks, or lenders when self-employed individuals apply for a personal loan. This form helps both the borrower and the lender to formally document and process the loan agreement. It contains various information, such as personal details, financial statements, and business details, necessary to assess the borrower's creditworthiness and determine loan eligibility. Keywords: Personal loan form, document, self-employed, financial institution, banks, lenders, loan agreement, personal details, financial statements, business details, creditworthiness, loan eligibility. Types of Personal Loan Form Documents for Self-Employed: 1. Personal Loan Application Form: This form requires the self-employed applicant to provide personal information such as name, address, contact details, social security number, identification proof, and other relevant details. It also includes sections for income details, employment history, and the desired loan amount. 2. Financial Statement Form: This form emphasizes the self-employed individual's financial situation. It requires the applicant to provide details about their income sources, annual income, business profits/losses, tax returns, bank statements, and other financial documents. Lenders use this information to assess the borrower's financial stability and ability to repay the personal loan. 3. Business Registration Documents: For self-employed individuals running a registered business, lenders may request business registration documents such as certificates of incorporation, partnership deeds, business licenses, or tax registrations. These documents provide proof of the existence and legitimacy of the self-employed individual's business. 4. Collateral Agreement Form: In some cases, lenders may require self-employed individuals to provide collateral for securing a personal loan. The collateral agreement form outlines the details of the collateral offered, its value, and terms and conditions related to the collateral. This form helps protect the lender's interests in case the borrower defaults on the loan repayment. 5. Self-Employment Verification Form: This form is specifically designed for self-employed individuals to verify their sources of income. It requires the applicant to provide information about their business type, industry, length of operation, client base, financial statements, and any other relevant details that validate their self-employment status. It is important for self-employed individuals to carefully fill out these personal loan form documents, ensuring accuracy and completeness. Many lenders have specific forms tailored to their requirements, so it is advisable to check with the lender or financial institution for any additional form specific to their application process.
