Common Contracts
1 similar Friendly Loan Agreement contracts
FRIENDLY LOAN AGREEMENTFriendly Loan Agreement • September 10th, 2018
THIS AGREEMENT is made the day of [Year] Between [Name] [NRIC 123455] of No. [Address] (hereinafter referred to as "The Lender") ofthe one part and (Name of Borrower) (NRIC 123455) of No. (Address) Pulau Pinang (hereinafter referred to as "the Borrower") of the second part. WHEREAS :- 1. The Lender and the Lender at the request of the Borrower agrees to grant to the Borrower a friendly loan amounting to the sum of Ringgit Malaysia (RM xxx) only and the Borrower agrees to accept the Loan upon the terms and subject to the conditions hereinafter appearing. NOW THIS AGREEMENT WITNESSETH as follows:- 1. The Loan In consideration of the Borrower's undertaking to perform the term of the Agreement, the Lender hereby grants to the Borrower a friendly loan amounting to the sum of Ringgit Malaysia (RM xxx) only (hereinafter referred to as "the Loan") and the Borrower agrees to accept the Loan subject to and upon the terms and conditions herein appearing. 2. Repayment Th
