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    Loan Agreement

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    GaKoy'z Review
    The document outlines the terms of a loan agreement between a borrower and lender. It specifies the loan amount, interest rate, collateral provided, terms of default, and signatures of both parties agreeing to the terms.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Loan Agreement

    Uploaded by

    GaKoy'z Review
    27 views5 pages
    The document outlines the terms of a loan agreement between a borrower and lender. It specifies the loan amount, interest rate, collateral provided, terms of default, and signatures of both parties agreeing to the terms.

    Original Description:

    utang

    Original Title

    LOAN AGREEMENT

    Copyright

    © © All Rights Reserved

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    The document outlines the terms of a loan agreement between a borrower and lender. It specifies the loan amount, interest rate, collateral provided, terms of default, and signatures of both parties agreeing to the terms.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    27 views5 pages

    Loan Agreement

    Uploaded by

    GaKoy'z Review
    The document outlines the terms of a loan agreement between a borrower and lender. It specifies the loan amount, interest rate, collateral provided, terms of default, and signatures of both parties agreeing to the terms.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 5

    LOAN AGREEMENT

    This loan agreement is made between __________________________________________ (The BORROWER) and


    _________________________________ (The LENDER)

    TERMS AND CONDITIONS

    1. PROMISE TO PAY. For the value received, the Borrower promises to repay to the Lender the sum of
    ____________________ plus the interest at a rate of _________ (%) percent a month.

    2. REPAYMENT. The Loan is payable within (1) one year.

    3. COLLATERAL. As collateral to this loan, the borrower pledges the properties listed in the table below and agrees to
    provide the Lender full rights and tittle of ownership to all properties. The Borrower certifies rightful legal ownership of
    the collateral and guarantees that they will not be sold or transferred without the lender’s consent.

    4. DEFAULT. The Borrowers failure to make three (3) consecutive months of Interest shall indicate a default. Upon
    default, the Lender shall have the right to seize the collateral without need of notice to the borrower. The Lender is
    hereby appointed by the Borrower as It’s attorney-in-fact and is given authority to collect, secure, and Transport the
    collateral, after which the collateral may no longer be reclaimed. The Lender shall have the authority to resell said
    collateral to recover the balance of the borrower.

    5. BINDING EFFECT. All rights and obligations under this agreement shall extend to and bind the heirs, successors, and
    legal representatives of both parties.

    ITEM BRAND YEAR PURCHASED DESCRIPTION (serial no. / color / VALUE SIGNATURE
    size etc.)

    THE COLLATERAL

    This agreement is drawn up in two (2) identical copies one for each party. Both parties have read and fully understand
    this agreement. This agreement shall become effective and legally binding upon signature by each of the parties.

    SIGNED by:

    _________________________________ ___________________________________
    The Lender The Borrower

    _________________________________ ___________________________________
    The Witness The Witness
    ACKNOWLEDGEMENT RECEIPT
    I, _________________________ ,
    a resident of
    ________________________________
    _________.
    (Borrower)
    (Address)
    borrowed an amount of
    _____________________ from
    ______________________________.
    (Lender)
    I, the borrower, agree to pay the
    loan with a 10% interest per month.
    I, the borrower, will submit a
    monthly payment of
    __________________ on the
    ___________day of
    (Amount)
    every month.
    Both parties agree on the terms and
    conditions surrounding the loan.
    Signed and dated today on
    __________________.
    (Dat
    ACKNOWLEDGEMENT RECEIPT
    I, _________________________ ,
    a resident of
    ________________________________
    _________.
    (Borrower)
    (Address)
    borrowed an amount of
    _____________________ from
    ______________________________.
    (Lender)
    I, the borrower, agree to pay the
    loan with a 10% interest per month.
    I, the borrower, will submit a
    monthly payment of
    __________________ on the
    ___________day of
    (Amount)
    every month.
    Both parties agree on the terms and
    conditions surrounding the loan.
    Signed and dated today on
    __________________.
    (Dat
    ACKNOWLEDGEMENT RECEIPT

    I, _________________________, a resident of _________________________________________.


    (Borrower) (Address)

    borrowed an amount of _____________________ from ______________________________.


    (Lender)

    I, the borrower, agree to pay the loan with a ___% interest per month.
    I, the borrower, will submit a monthly payment of __________________ on the ___________day of every
    month.
    (amount)

    Both parties agree on the terms and conditions surrounding the loan.

    Signed and dated today on __________________.


    (Date)
    __________________________________ _________________________________

    Borrower’s Signature Over Printed Name Lender’s Signature Over Printed Name

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