Unsecured Loan Agreement Format In India

The interest rate applicable to this loan at the time of execution of this Agreement is…..,…. Any dispute raised about the amount due or the calculation of interest does not allow the borrower to withhold payment of a measurement. For the calculation of interest, 30 days per calendar month are taken into account. A great blog you have, such a valuable source of information for many of us. I hope you will kindly clarify the following question on my part. I lent 5 lakhs to a relative in 2014. As there was no refund, I led him to issue a handwritten PR (with 2 witnesses) in 2016, although it was written as of 2014. Now I am warned that I will sue him, but he defies me and says that he would plead that he has already reimbursed it and that the PR I have is a fake. My concerns are my own; 1) Is it safe for me to assure the court that the PR was written itself in 2014? Is there a way to prove otherwise? 2) Is he tried if he claims to have already reimbursed him? He will certainly have no evidence to back up his lie. Thank you, greetings, sreejith While i-lend is an online social lending platform that brings together borrowers and lenders, and the company offers its services according to the conditions provided for in the borrower registration contract and the lender`s registration agreement with regard to credit / credit operations carried out via the i-lend website.

While a person who creates an account at i-lend to www.i-lend.in can find a suitable lender/borrower. The freezing of the credit transaction for the borrower or the conclusion of the offer for the lender will make it to obtain the conditions between the borrower and the lender by the conclusion of this binding agreement. Unsecured loans are mainly used for small short-term expenses, such as medical crises or wedding or funeral expenses. The purpose of the loan does not affect the terms. The loan normally needs to be repaid within about a year, although terms may vary depending on the amount at issue and the relationship between the lender and borrower. If a borrower does not have real estate worthy of reloading, the uninsured loan may be their only way to get a loan. Dear Kumar. You can make a transfer or DD payment and take a written document (perhaps on the company`s header) stating that the air conditioning of the loan has been charged and that they will issue NOC on this or that date…