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Unsecured Loan: One Individual Lending to Two Individuals
Answer the following questions to generate your customised document. Your document is provided to you in a Microsoft Word format, allowing you to make changes if you wish.
Document Details
Lender details
*
What is the Lender's full name?
*
What is his/her address?
Borrower Details
*
What is the full name of the first Borrower?
*
What is his/her address?
*
What is the full name of the second Borrower?
*
What is his/her address?
A Guarantor is a person who guarantees to pay for someone else's debt if he or she should default.
Guarantor Details
*
Is there a guarantor to this Loan?
Yes
No
What is the Guarantor's full name?
What is his/her address?
include Province
Loan Details
*
What is the Loan Amount?
R
*
What is/was the date that the money will be/was lent?
Is there a particular purpose for which the money is to be used for?
*
Is there a specific purpose for the loan?
Yes
No
Eg. pay deposit on home, pay off mortgage, purchase a car, pay for overseas travel.
Please provide details:
*
Is the Loan repayable by installments/periodic payments?
Yes
No
How much is payable in each period?
(words)
e.g. Thirty Rand
(figure) R
e.g. 30
What is the period of time each payment is due?
eg. month, quarter.
This loan agreement does not require stipulation of the Repayment Date - the clause provides that the written demand will include the date for repayment.
*
Is the Loan repayable upon written demand from the Lendor?
Yes
No
*
Should the loan be completely repaid prior to a certain date?
Yes
No
Do you wish to specify the date now?
Yes
No
Please enter the date
*
Is interest payable?
Yes
No
The Interest rate should not be lower than the Government set interest rate.
What is the interest rate?
% per annum
When is the interest payable?
on a weekly basis
on a fortnightly basis
on a monthly basis
on a quarterly basis
on an annual basis
on completion of the loan term