Common Contracts
1 similar Unsecured Loan Agreement contracts
Unsecured loan agreement format indiaUnsecured Loan Agreement • February 7th, 2022
Each Party should keep a signed copy of the Loan Agreement. Whether the loan is between friends and family or is a commercial loan between two businesses for a specific purpose, options in this Loan Agreement will allow making a simple interest-free loan or adding and automatically calculating interest, setting a repayment schedule, adding guarantors and requiring the borrower to provide security for the loan. Security over real assets i.e. the immovable property is created by way of mortgage. How to use this document This document should be read carefully by the parties and the guarantor (where applicable). This document can be used to record the terms and conditions of a loan made between individuals persons or companies who are Indian residents. The value of the stamp paper would depend on the state in which it is executed. In some cases, prior permission is required to be obtained from the Income-tax authorities for the creation of charge on immovable properties. That deposit is al
