This loan
agreement template comes in handy when you are loaning a friend or a relative
some money. Unlike taking a loan from the bank, which provides you with
agreement documents, loaning a friend does not have any documents. Taking any
form of loan from a friend or from any other source that is not a bank may
require a written agreement between the lender and the borrower, that can be
later certified legal in the presence of a lawyers. Having a loan agreement template will help you define your terms of agreement, who and what is to be
include and who to sign where. Since this agreement covers all areas of loan
acquisition, in case of anything and you have to defend yourself in court, you
have something to back up your claims. It also gives you a framework to work
with during the payment period and gives direction on what is to happen if the
loan is not paid.
Loan Agreement 1 :
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Loan Agreement 2 :
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Loan Agreement 3 :
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