Free Printable Personal Loan Contract Template
Read Carefully of the Personal Loan Contract Before Signing One
If you are in a bit of trouble financially, you might need to get some help from the bank. You could request a personal loan from the bank as well. Once your application is accepted, then you will need to sign a personal loan contract. However, before you do that, you should read the contract carefully. Since the contract is a legally binding document issued by the bank and includes so many clauses, you will have to make sure that everything that is stated on the contract is correct especially with the payment term of the loan that you are going to take.
Other Samples of Personal Loan Contract :
A personal loan contract is quite different compared to a business loan. Since for a business, there are assets and investments, the bank will most likely give the loan. However, for a personal loan, there will be intensive credit checking to see if you qualify for the loan itself. If your credit checking comes out to not be good, then you are most likely not going to get the loan. When that is the case, you can lower your loan and re-apply for it. It might be different and they might approve you with a lower loan that you have requested after the first one. If you are interested in a template or example of this type of contract, you can download one for free by clicking on the download link provided at the bottom of this page.
Personal Loan Contract Template | Word – download