4.1 Payments: By this agreement, it is agreed that a payment equal to [registration amount] annual/monthly/weekly/other will be made at [insert date/day] of each year/month/week/other to the lender. determines all the terms and conditions of the loan, including the names and addresses of the borrower and lender, the amount of money borrowed, the number of payments, the amount of payments and the signatures of the parties. 5.1 The borrower will make the payment using this method, unless the lender`s prior written authorization authorizes otherwise. The parties recognize and agree that this agreement constitutes the whole agreement between the parties. If the contracting parties wish to amend, supplement or amend the terms, they do so in writing to be signed by both parties. You can choose from different types of loans that are available in this form. – Loan contracts are much more detailed and contain detailed provisions on when and how the borrower will repay the loan and the penalties incurred if the borrower does not understand the repayment. The omission of a right to exercise a power or privilege in accordance with the provisions of this Agreement is not construed as a waiver of the subsequent or subsequent exercise of that right, power or privilege, or the exercise of another right, other power or privilege. The lender may give the agreement by written notification to the borrower. In the case of such an assignment, the agent may, upon request, designate a new method of payment.

Its main mission is to serve as written proof of the amount of the debt and the conditions under which it is repaid, including the interest rate (if any). The agreement serves as an enforceable legal document in court and creates obligations for both the borrower`s parties and the lender. – Loan contracts are generally used when large sums of money are at stake, such as student loans, mortgages, auto loans and business loans. For small loans and/or more informal loans. B, for example between family and friends, a debt ticket must be used. [Insert description of the collateral used to secure the loan] The borrower reserves the right to pay the full amount owed before maturity, without prepaying penalty. If the full amount is paid up to [the registration date at which the amount must be repaid to obtain a prepayment rebate], the borrower will receive a discount as follows: The borrower hereafter insures and guarantees that this agreement and payment plan have been developed in such a way that the borrower reasonably believes that he can pay the lender without additional interruption, despite further change in circumstances.