Common Contracts
1 similar Loan Agreement contracts
Friendly loan agreement format india pdfLoan Agreement • July 10th, 2023
To be printed in stamp paper of Rs. (based on the respective Stamp Act applicable) LOAN AGREEMENT LOAN AGREEMENT BETWEEN Mr A son of Mr. B, residing at (Address of the loan provider) AND Mr. C son of Mr. D, residing at(Address of the borrower) THIS AGREEMENT made and entered into at(Place—-) this (Date ———) BETWEEN Mr. A hereinafter called “the Lender” AND Mr.B hereinafter called “the Borrower” and reference to the parties hereto shall mean and include their respective heirs, executors, administrators and assigns; WHEREAS the Borrower is in need of funds and hence has approached the Lender to grant her Rs. 1,00,000/- (Rupees One Lakh only) for a period of one year; The amount is with interest @ 3% p.m. AND WHEREAS the Lender has agreed to grant a loan to the Borrower, with interest, as the Lender and the Borrower have known each other for several years; AND WHEREAS the parties hereto are desirous of recording the terms and conditions of this loan in writing; NOW THIS AGREEMENT WITNESSE
