Feb 12, 2016

FORMAT: LOAN AGREEMENT


THIS LOAN AGREEMENT is made the ________ day of _______________2016.

BETWEEN

_____________________________________of _____________________
___________________________________________ (hereinafter referred to as ‘the Lender’ which expression shall where the context so admits include his heirs, personal representatives, successors-in-title and assigns) of the one part,
AND

_______________________________________of_______________________________________________________________ (hereinafter referred to as ‘the Borrower’ which expression shall where the context so admits include his heirs, personal representatives, successors-in-title and assigns) of the other part,

WHEREAS THE PARTIES AGREE AS FOLLOWS:
1. That the Lender shall lend the borrower the sum of N1,000,000.00 (One Million Naira) Only.

2. That the lender shall collect ______________________ as collateral for the loaned sum of N1,000,000.00 (One Million Naira) from the borrower.

3. Receipt of the said N1,000,000.00 (One Million Naira Only) is hereby acknowledged by the borrower.

4. That the borrower shall repay the sum of ___________________ as interest on the loan.

5. That the borrower agrees to return the loan with the interest on the _________________________.

6. That the Borrower shall issue post-dated cheque(s) in the total sum of the loan and interest to the Lender.

7. In the event that the Borrower does not return the loan or/and interest on the aforementioned date, the Lender shall have authority to -
i.
ii.    
iii.
iv.  


IN WITNESS WHEREOF the parties have hereunto set their hands and signatures the day and year first above written.


SIGNED BY THE LENDER     ___________________________

In the presence of :

Name: ………………………………………….
Address: ……………………………………….
Occupation: ……………………………………
Signature:………………………………………


SIGNED BY THE BORROWER    ___________________________

In the presence of :

Name: ………………………………………….
Address: ……………………………………….
Occupation: ……………………………………
Signature:………………………………………


Share:

15 comments:

  1. Great ! Very Impressed should certainly pronounce, impressed with your site. I had no trouble navigating through all tabs and related info ended up being truly simple to do to access. http://www.acta.fi/

    ReplyDelete
  2. Wisconsin Mortgage Corporation has been providing quality home loans across Wisconsin.Meet our loan officers. Please choose the loan officer that you were referred to view their personal page and apply online.Wisconsin no money down home loans Each loan officer's page includes the following services.

    ReplyDelete
  3. It is really a nice and informative blog and the content is really precise. I liked your views on it. 
    pre settlement lawsuit funding

    ReplyDelete
  4. Nice post. Speaking about technologies these days. I know that virtual dataroom is a good substitute for old-fashioned way of storing the information.

    ReplyDelete

  5. Are you looking for a loan to clear off your dept and start up your own Business? have you being going all over yet not able to get a legit loan Company that will loan you? Here is your final solution, We can give you any amount you need provided you are going to pay back within the period of time given without any problem. Apply now and contact us for more details via email below. Email: hmloans2@gmail.com

    ReplyDelete
    Replies
    1. I am looking for a loan help me

      Delete
    2. I am looking for a loan help me

      Delete
    3. hello miss i can help you with the loan you asking for just email me @barrywyane96@gmail.com

      Delete
  6. Good day to you,

    My name is Wayne Barry, i am a registered loan lender that is
    permitted to give out Guarantee loan to individuals and Business firm
    and also to any body that needs financial help.
    Whatever your loan needs are, long term or short term loans, personal
    or mortgage, we are ready to talk with you about how we can meet your
    needs, and how you can get this loan on line transfer and account
    access online
    Let us help you arrange financing and also get a very legitimate loan
    at 6% yearly and 0.5% monthly.
    Please contact us today by sending an email to the following email
    addresss.
    EMAIL:barrywyane96@gmail.com
    And also send this required details below:
    Amount Needed:
    Repayment duration that will suit your plan:
    NOTE: ALL REPLIES SHOULD BE SENT TO THIS EMAIL ADDRESS:
    barrywyane96@gmail.com
    I await your Response

    Regards
    Wayne Barry

    ReplyDelete
  7. Good day to you,

    My name is George Marladonald, i am a registered loan lender that is
    permitted to give out Guarantee loan to individuals and Business firm
    and also to any body that needs financial help.
    Whatever your loan needs are, long term or short term loans, personal
    or mortgage, we are ready to talk with you about how we can meet your
    needs, and how you can get this loan on line transfer and account
    access online
    Let us help you arrange financing and also get a very legitimate loan
    at 6% yearly and 0.5% monthly.
    Please contact us today by sending an email to the following email
    addresss.
    EMAIL:george.marladonald1@gmail.com
    And also send this required details below:
    Amount Needed:
    Repayment duration that will suit your plan:
    NOTE: ALL REPLIES SHOULD BE SENT TO THIS EMAIL ADDRESS:
    george.marladonald1@gmail.com
    I await your Response

    Regards

    George Marladonald.

    ReplyDelete
  8. Do you need a business loan ?? apply now
    We are a lending organization and had the highest profit in the lending sector and as part of our humanitarian services we are offering out loans to all locations with 2% interest ,if interested apply now and do business with the right people contact us via Email:support@apexfinancellc.com
    Gmail-financial133@gmail.com
    official whatsApp:+32460212690
    official website:http:https://www.apexfinancellc.com

    ReplyDelete
  9. Does your firm,company or industry need financial assistance? Do you need finance to start your business? Do you need finance to expand your business? email Do you need personal loan? we give out all times of secured loan and unsecured loan with good faith , it will just hit your account withing 24hrs,No stress No tension, just apply free feel and relax to receive your loan thanks, contact us at Email:abdulqayyumloan@gmail.com

    ReplyDelete
  10. Are you a business man or woman?
    Are you in any finance stress or need
    funds to start up your own business?
    Do you need loan to settle your debt
    or pay your bills?
    Do you have a low credit score and have difficulty
    obtaining loan from local banks and other financial institutions? I wish to
    inform you that we offer all kinds of loans at low interest rate of {2%} if
    interested in obtaining a loan from us. [ Email:
    morriscerulloloancompany@gmail.com ], whatsapp {+234} 9062357166 contact Us.
    God Bless You!!!

    ReplyDelete
  11. Do you need Personal Loan?
    Business Cash Loan?
    Unsecured Loan
    Fast and Simple Loan?
    Quick Application Process?
    Approvals within 24-72 Hours?
    No Hidden Fees Loan?
    Funding in less than 1 Week?
    Get unsecured working capital?
    Contact Us At :abubakarloanservice@gmail.com
    Phone number:+919958173539 (Call/Whats app)

    ReplyDelete

The Nigerian blawg

Disclaimer:- Posts and comments by the publishers of this blog do not constitute legal advice or create an attorney-client relationship.

Follow by Email

Advertise your property

Property Listings

  • SALE-4bedroom duplex With 3 living rooms. Located at Opic Harmony Estate. Asking 80m Title Global C of O/ consent in progress. 08055424566
  • FOR SALE 8bedroom duplex 2 living rooms With 2 rooms BQ N150m Located off CMD Road Magodo Registered Title Contact 08055424566
  • Property for Rent – New Building, 4 unit luxury 2 bedroom flat available at Rafiu Ipaye Street, Ijesha, Surulere. Ground floor back flat- 700k per anum, First floor back flat – 750k per anum, 2nd floor back flat – 750k, 2nd floor front flat – 800k. Service charge - 75k per anum. Refundable caution – 70k. Call 08055424566 for details.
  • Property For Sale!!! A fenced and gated uncompleted 3 bedroom site on a full plot of land is available for sale at Igbetu via Awoyaya, behind Mayfair Gardepn Estate, Ibeju-Lekki, Lagos for sale. Price is N20million and Title Documents include, Family Receipt,  Deed of Assignment and Global C of O. Contact 08055424566 for more information
  • PROPERTY FOR SALE!!!!!!!!  A 5 Bedroom Duplex with 2 room BQ formerly used for a Nursery & Primary school is available for sale in Iyana Ipaja, Lagos  Building contains 9 CLASSROOMS, 2 OFFICE SPACES, 1 LARGE RECEPTION, 8 TOILETS, 5 BATHROOMS, KITCHEN,PLAY AREA. The seller's title is a certificate of Occupancy and the asking price is 35 million Naira.  Contact 08055424566 for more details 
  • List your property for rent or sale here

Blog Archive

CONTACT US

Name

Email *

Message *

Powered by Blogger.