Secure Your Private Loan
Receiving a bank loan can be a long and complicated process that requires you to prove your income and credit rating. Non-bank loans can avoid such formalities. A loan outside of a bank or other credit institution can nevertheless be stressful, even when there are no difficulties in repaying it. By downloading and using a FORMBLITZ Loan Agreement form when taking out a loan, you can inexpensively detail both parties’ responsibilities and prevent problems from arising. Should the debtor have difficulties repaying the loan, having a FORMBLITZ Loan Agreement will make it easier for both the debtor and the creditor to be aware of their options and obligations.
Show Them Your Serious Side
If you are hoping to borrow money, using one of FORMBLITZ's professional and practical loan agreement forms will help to convince the potential lender that you will take your repayment obligation seriously. The lender will also receive assurance that he or she will be legally protected should you default on this obligation. Simply downloading and filling out one of FORMBLITZ's loan agreement forms could determine whether you get the loan or not.
Choose the Right Loan
Loans aren’t uniform, so why shouldn’t loan agreements be tailored to fit each unique situation? At FORMBLITZ, you can find various types of legally secure loan agreement forms that will meet your specific needs.
The FORMBLITZ Installment Loan Agreement is the classic loan in which the debtor repays the loan with set interest at regular intervals, normally every month, for a set period of time. The loan is paid off when the borrower has transferred the entire remaining balance. An installment loan is frequently the preferred type of loan, as the creditor/lender receives regular repayment and the borrower is not required to pay a large sum all at once. With a balloon loan, the borrower agrees to repay the loan on a specific date including the interest that has accrued regularly during the repayment period. A demand loan is similar to a balloon loan in that the entire loan must be repaid in one payment, but the date is not specified. The debtor is required to repay the entire sum within a certain time period of the lender’s request for payment.
Tailor Your Loan to Your Needs
FORMBLITZ loan and credit agreement templates are designed to allow you to customize the agreement to meet your specific needs. With the Demand Loan form, for example, the debtor and the creditor can decide how long the creditor must wait after signing the agreement before he or she may request repayment. Once you have downloaded the appropriate FORMBLITZ loan agreement form, tailor it to your particular circumstances while filling it out and it will be ready to use.
Promissory Note or Loan Agreement
FORMBLITZ has both loan agreement templates and promissory note templates available for download that you can use when lending or borrowing money. Both have the same level of legal security that you expect from FORMBLITZ. The FORMBLITZ promissory note forms are shorter and simpler than the loan agreement forms. This makes the process of completing your loan even faster. For some loans, however, the more complete loan agreement template is a more appropriate choice.
Collateral for Your Loan
All FORMBLITZ loan agreement forms and promissory note forms are also available for download as secured loans or secured promissory notes. This means that the loan is backed by collateral to protect the lender should the debtor be unable to repay. Whether to use collateral or not is a fundamental decision when agreeing to lend or borrow money. However you decide, FORMBLITZ has the proper legally safe loan agreement form for you!