Maybe you are in short of cash but have to make some urgent purchase or getting lofty discounts for a very short period and have no cash. Or you may have to make some big investments for which you need to take a loan from financial institutions. In such cases, a loan agreement can protect you as a lender. The Agreement Forms – sample, example gives an idea about how to make loan agreement for different purposes.
Sample Loan Payment Agreement Form
This Electronic Loan Payment Agreement Authorization template contains instruction on how to fill it up. Besides this, the template includes relevant information about payment amount & frequency and terms and conditions.
Loan Agreement Short Form
This 14-page template is ideal taking short loans for temporary exhibitions. It complies with ICOM Code and UNESCO Convention and covers all pertinent details of loan condition, insurance and liabilities. You may also see Cohabitation Agreement Forms.
Loan Agreement Blank Form
This is a blank agreement for loan applicable in the case of a company taking a loan from the County Economic Development E-Community Fund. It includes all terms and conditions of the loan.
Loan Repayment Agreement Form
This National recoveries loan repayment agreement template is for repaying defaulted Federal Family Education Loan. It is used for collecting debts and includes monthly installment amount and other terms and conditions. You can also see Simple Rental Agreement Forms.
Example of Mortgage Loan Agreement Form
This mortgage loan agreement template is meant for selling a property with existing mortgage with Montana Board of Housing. This includes the terms and conditions and details of the liabilities transferred.
Downloadable Reimbursable Loan Agreement Form
This UNDP reimbursable loan agreement template is the agreement between the United Nations Development Program and consultants for assigning jobs. This covers all conditions of service including duration and rights & responsibilities. You may also see Loan Agreement Forms.
Free Employee Loan Agreement Form
This employee loan agreement template may be used by an employee for borrowing from the employer. It includes loan amount, the rate of interest, authorization for monthly deduction and other terms and conditions.
Loan Modification Agreement Form Format
Equipment Loan Agreement Form
Simple Loan Agreement
Why Should You Use a Loan Agreement?
Whenever you are borrowing or lending quite a significant sum of money it is always wise to put everything in black and white to avoid any misunderstanding in the future. As a matter of fact lending agreements are beneficial to both lender and borrower. Such agreements include details of the amount, the rate of interest, and other terms and conditions of the transaction so that both parties have a fair idea of what is expected from them. It further helps to ensure that the repayment terms are not violated. You may also see Buy-Sell Agreement Forms.
What Should You Include in The Loan Agreement?
The requirement of a borrowing agreement changes with nature of the loan. The most basic element of the agreement for a loan is the amount involved. But, this does not end here. There are other factors to consider. Be sure that the agreement contains the payment structure, the applicable rate of interest, penalty options and other terms and conditions of the loan. The agreement should also cover provisions for debt recovery and legal actions in case of any repayment failure. The agreement should also cover the liability of both parties. You can also see Non-Disclosure Agreement Forms.
Taking a loan from others is certainly a big decision that people get involved sometime in their life. Irrespective of the nature of your loan, these Loan Agreement Form – sample, example templates are sufficiently able to protect your interest. Using these templates you can also save much time and effort.
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