Agreement Number: ____________
Agreement date: ______________ [fill the registration number & date of acceptance]
This loan agreement is commenced between:
Contact details of the mortgage company:
Name: ____________________________
Address: __________________________
Phone Number: _____________________ hereinafter referred as the lender
And
Details of the individual:
Name: ___________________________
Address: _________________________
Landline Number: __________________ hereinafter referred as the borrower
[Fill all details as per instructions]
The lender is ready to sanction $ ____________ as the loan amount at __%. [Total loan amount along with the agreed percentage rate].
This loan agreement is valid from ___/____/____ and is ending on: ___/____/___. [Give both dates].
Terms & covenants:
The borrower will pay an instalment of $ _________ per month for ______ years. [Amount & tenure of loan]
Any late instalment will be accepted with $ _______ as a fine.
In case the borrower is unable to complete the loan following mentioned property will be auctioned to recover the loss:
________________ [property guarantee details]
Acceptance of the loan agreement:
Signed by the Lender:
_________________
Signed by the borrower:
____________________ [signed by both the parties]
Signature of the witness:
__________________ [sign of the eyewitness]