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 with a bank is a crucial piece of paperwork that allows individuals to request and obtain funding from a financial institution for various personal reasons. This detailed description will outline the essential components of a personal loan form document and discuss different types of personal loan forms. The personal loan form is a structured document that captures important details required by the bank to evaluate an individual's eligibility for a loan. It serves as an application form where applicants provide comprehensive information about themselves, their financial situation, and the purpose of the loan. Generally, this document contains sections such as: 1. Personal Information: This section collects the applicant's full name, address, contact details, date of birth, social security number, and employment information, including current and past employers. 2. Loan Amount and Purpose: In this section, the applicant specifies the desired loan amount and explains the purpose of borrowing the funds. Examples of loan purposes may include debt consolidation, home renovations, education expenses, medical bills, or vacations. 3. Employment and Income Details: The personal loan form requires applicants to provide detailed information about their employment history, including the name of the employer, job title, duration of employment, and monthly income. It may also ask for additional sources of income, such as investments or rental properties. 4. Financial Information: This section aims to assess the applicant's financial stability. It typically includes details about bank accounts, assets, liabilities, outstanding loans, credit cards, and monthly expenses. 5. Documentation: The loan form often includes a checklist of supporting documents that applicants need to submit alongside the form. These may include identification proof (such as a driver's license or passport), pay stubs, tax returns, bank statements, and any other relevant financial records. It's important to note that personal loan forms can vary from one bank to another, as each institution may have specific requirements and preferences. Some banks might use online loan application forms, while others may offer downloadable PDF versions or physical paper forms for in-person application. Different types of personal loan forms with banks may include: 1. Unsecured Personal Loan Form: This form is used when individuals request a loan without providing any collateral. Banks assess the applicant's creditworthiness and income to determine their eligibility for an unsecured loan. 2. Secured Personal Loan Form: When requesting a secured personal loan, applicants need to provide collateral such as a vehicle, property, or other valuable assets. This form typically includes additional sections for detailing the collateral being offered. 3. Co-Signed Personal Loan Form: In some cases, applicants with insufficient credit history or lower income may need a co-signer for their loan. This form includes information about both the primary borrower and the co-signer, along with their respective financial details. In conclusion, a personal loan form document with a bank is an essential tool for individuals seeking financial assistance. It collects comprehensive personal, financial, and employment information necessary for the bank to evaluate the loan application. The type of personal loan form may vary, including unsecured, secured, and co-signed options, depending on the applicant's requirements and the bank's policies.
