Consumer Loan Agreement

Consumer Loan Agreement : Please fill out the following Consumer Loan Agreement. Please print your completed form if you would to have a copy for your records.

1. PARTIES : The undersigned is the Borrower and the Lender is.


3. PROMISE TO PAY: Within 24 months from today, I promise to pay to lender dollars ($25,000 ) and interest and other charges stated below.

4. RESPONSIBILITY: Although this agreement may be signed below by more than one person, I understand that we are each as individuals responsible for paying back the full amount.

5. BREAKDOWN OF LOAN : This is what I will pay :

1. Amount of Loan : $

2. Other (Describe) : $

3. Amount financed : $ (Add 1 and 2)

4. Finance charge: $

5. Total of payments: $ (Add 3 and 4)


6. R E PAY M E N T : This is how I will repay : I will repay the amount of this note in 24 equal uninterrupted monthly installments of $1250 each on the day (DATE) of each month starting on the day of (DATE) and ending on (DATE).

7. PREPAYMENT : I have the right to prepay the whole outstanding amount at any time. If I do, or if this loan is refinanced—that is, replaced by a new note—you will refund the unearnedfinance charge, figured by the Rule of 78—a commonly used formula for figuring rebates on installment loans.

8. LATE CHARGE : Any installment not paid within ten (10) days of its due date shall be subject to a late charge of 5% of the payment, not to exceed $_____ for any such late installment.

9. SECURITY : To protect lender, I give what is known as a security interest or mortgage in :(Describe)

10. DEFAULT: If for any reason I fail to make any payment on time as per this Consumer Loan Agreement, I shall be in default. The lender can then demand immediate payment of the entire remaining unpaid balance of this loan, without giving anyone further notice. If I have not paid the full amount of the loan when the final payment is due, the lender will charge me interest on the unpaid balance at percent (_____%) per year.

11. RIGHT OF OFFSET : If this loan becomes past due, the lender will have the right to pay this loan from any deposit or security I have with this lender without notice to me. If the lendergives me an extension of time to pay this loan, I still must repay the entire loan.

12. COLLECTION FEES : If this note is placed with an attorney for collection, then I agree to pay an attorney’s fee of fifteen percent (15%) of the unpaid balance. This fee will be added tothe unpaid balance of the loan.

13. C O - B O R R O W E R S : If I am signing this agreement as a co-borrower, I agree to be equally responsible with the borrower for this loan.

Agreed To:

Borrower :

Borrower :

Lender :

Basic Agreement Forms Index

Consumer Loan Agreement

Letter Asking A Donation
Letter Asking A Favor
Letter Asking for More Details
Letter Asking for Donations
Letter Denying of Dealership
Letter for Change of Address
Letter for Distributorship
Letter for Employment
Letter for Hotel Reservation
Letter for Letter of Credit
Letter for Line of Credit
Letter for Product Launch
Letter for Promotion
Letter for Retirement Congrats
Letter for Scholarship
Letter for Settlement of Bill
Letter for Tender
Letter for Testimonial
Letter of Agreement
Letter of Assurance
Letter of Credit
Letter of Enquiry
Letter of Order
Letter of Persuasion
Letter of Sympathy
Letter Offering Discount
Letter Related to Advertisement
Letter Related to Despatch
Letter Related to Training
Letter to A Foreign Buyer
Letter to Pen-Friend
Letter to Police
Letter with Order
Letter with Quotation
Letter Writing
Letters about Company Shares
Letters by Clubs and Societies
Letters by Landlords & Tenants
Letters for Appointment of Dealers
Letters for Business Relations
Letters for Buying and Selling
Letters for Credit & Collection
Letters for Foreign Travel
Letters for Lease & Tenancy
Letters for Loan & Borrowing
Letters for Transfer & Assignment
Letters for Insurance
Letters Noting Discrepancy
Letters of Condolence & Sorrow
Letters of Regret
Letters Regarding Maintenance
Letters Regarding Payment
Letters Related to Employees
Letters to Local Corporation
Letters to Postal Authorities
Letters to The Editor
Letters Used in Real Estate
Letters With Postal Department
Letters With Railways Authorities

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