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Unsecured Loan: Individual to Individual
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 name of the Lender?
*
What is the Lender's address?
Borrower Details
*
What is the name of the Borrower?
*
What is the Borrower's Address?
*
Is there a Guarantor to this agreement?
Yes
No
A Guarantor is a person who guarantees to pay for someone else's debt if he or she should default.
What is the name of the Guarantor?
What is the address of the Guarantor?
Loan Details
*
What is the Loan Amount?
R
*
Is interest payable?
Yes
No
The Interest rate should not be lower than the Government set interest rate.
What is the rate of interest that the Borrower must pay the Lender?
% per annum
When must the Borrower pay interest?
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
*
Do you wish to specify the date that the money will be/was lent by the Lender to the Borrower?
Yes
No
Please specify here:
*
When is the Loan repayable?
Immediately upon written letter of demand
On or Before
Do you wish to specify date now?
Yes
No
*
Is there a specific purpose for the loan?
Yes
No
e.g. help John Smith purchase a car
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?
e.g. month, quarter, Six months.