This loan agreement is made and will be effective on ___/___/___
____________________hereinafter referred to as the “Borrower” with a street address of
____________________hereinafter referred to as the “Lender” with a street address of
Terms and Conditions:
Promise to Pay:
Within _______ months from today, Borrower promises to pay the Lender_________________________
dollars ($_______) and interest as well as other charges avowed below.
Although this agreement may be signed below by more than one person, each of the undersigned
understands that they are each as individuals responsible and jointly and severally liable for paying back
the full amount.
Detailsof Loan:Agreed Between Borrower and Lender:
Amount of Loan:$__________
Total of payments:$__________
ANNUAL PERCENTAGE RATE________________%
Borrower will pay back in the following manner: Borrower will repay the amount of this note in _____equal
continuous monthly installments of $____________ each on the _____ day of each month preliminary on
the _____day of _______, 20____, and ending on _________, 20____.
Borrower has the right to pay back the whole exceptional amount at any time. If Borrower pays before
time, or if this loan is refinanced or replaced by a new note, Lender will refund the unearned finance
The subject of car finance comprises the different financial products which allows someone to acquire a car with any arrangement other than a single lump payment. The provision of car finance by a third party supplier allows the acquirer to provide for and raise the funds to compensate the initial owner, either a dealer or manufacturer.
A line of credit is any credit source extended to a government, business or individual by a bank or other financial institution. A line of credit may take several forms, such as overdraft protection, demand loan, special purpose, export packing credit, term loan, discounting, purchase of commercial bills, traditional revolving credit card...
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