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Residential Lease Agreement
  1. Nevada Partnership Agreement Document
  2. Power Of Attorney Form in NY
  3. Separation Papers
  4. Car Bill of Sale
  5. Quitclaim Deed Form
  6. Car Bill of Sale in Arizona
  7. Separation Agreement in Virginia
  8. Power of Attorney form in Georgia
  9. Rental Agreement in Texas
  10. Using a Non-Disclosure Agreement
  11. Need A Separation Agreement
  12. Power Of Attorney Form
  13. Bill Of Sale
  14. Separation Agreement in California
  15. What Is The Quitclaim?
  16. What Is The Need For A Medical Power Of Attorney?
  17. Free Rental Agreement in California
  18. The Affidavit Form And Its Various Uses
  19. What Are The Top Benefits Of An Auto Bill Of Sale?
  20. What Is The Need For Last Will?
  21. Top Things To Know About Personal Loan Agreement
  22. Business Partnership Agreement
  23. What Is The Need For A Power Of Attorney?
  24. Free Prenuptial Agreement And Its Various Benefits
  25. Why Would You Need A Promissory Note Template?
  26. What Is The Importance Of A Quit Claim Deed?
  27. What Is A Release Waiver Form Used For?
  28. What Does A Rental Lease Agreement Include?
  29. Legal Separation Agreement
  30. What Is The Bill Of Sale And Why Should You Use It?
  31. What is a Commercial Lease Agreement?
  32. Last Will And Testament Document
  33. Types Of Liability Waivers That You Can Get
  34. Loan Agreement Template
  35. How Does A Partnership Agreement Work?
  36. Free Power of Attorney Form
  37. How Does A Prenuptial Agreement Work?
  38. What Is The Need For A Promissory Note?
  39. What Are The Unique Attributes Of The Quitclaim Deed
  40. Rental Agreement And Its Importance In Modern Times
  41. Separation Agreement in NC
  42. What are Affidavits Used for Legally?
  43. What the Need for a Bill of Sale Agreement?
  44. How is a Bill of Sale Prepared?
  45. What is covered in a Commercial Lease Agreement?
  46. What Does a Last Will and Testament Stand For?
  47. What Should You Look For in a Loan Agreement?
  48. What are Some Types of Power of Attorney Forms?
  49. Why is a Power of Attorney Form Needed?
  50. What is the Need for a Prenuptial Agreement?
  51. What are the Different Types of Promissory Notes?
  52. Quick Deed Form And Real Estate Ownership Transfer
  53. What Makes a Liability Waiver Useful?
  54. Top Terms Used in a Rental Lease Agreement
  55. How Long Does A Legal Separation Agreement Last?
  56. Affidavit Document In A Legal Situation
  57. What Should a Car Bill of Sale Include?
  58. Why Does A Bill Of Sale Matter?
  59. Prerequisites For Making A Last Will And Testament
  60. Last Will and Testament – What Should You Know About It?
  61. Top Things to Know About Power of Attorney
  62. Power of Attorney Forms - Durable and Springing
  63. Sample Promissory Note
  64. Using A Quit Claim Deed - Pros And Cons
  65. Liability Waiver Form
  66. Signing a Residential Lease Agreement
  67. Legal Separation Agreement
  68. How to Prepare a Commercial Lease Agreement?
  69. What Are Some Types Of Last Wills Used Today?
  70. Prenuptial Agreement Important Before Marriage
  71. What are Investment Promissory Notes?
  72. Quit Claim Deed – Benefits and Drawbacks
  73. Pros and Cons of a Legal Separation Agreement
  74. How to Make a Car Bill Of Sale?
  75. Purpose of a Bill of Sale
  76. Know About A Power Of Attorney
  77. Is It Necessary To Get A Power Of Attorney?
  78. Free Rental Agreement
  79. Top Things Included In a Residential Lease Agreement
  80. Why one should take help of Revocable Living Trust
  81. The growing needs of revocable living trust
  82. What Are The Uses Of Affidavit?
  83. How to Make a Loan Agreement Valid By Law?
  84. What Are Promissory Notes Used For?
  85. What Is The Need For A Quit Claim Deed?
  86. What is the Work of an Online Waiver of Liability?
  87. How Important Is A Car Bill Of Sale?
  88. How Does A Last Will And Testament Work?
  89. Needed For Making A Power Of Attorney
  90. Couples Prefer Legal Separation over Divorce
  91. Top Reasons to Have a Rental Lease Agreement
  92. Top Things to Mention in a Rental Lease Agreement
  93. Top Things To Know About Revocable Living Trusts
  94. Revocable Living Trust Help With Asset Management
  95. Prenuptial Agreement Form
  96. Steps to Create an Affidavit of Domicile
  97. How to Create a Last Will and Testament?
  98. Top Benefits of a Waiver of Liability for Property Damage
  99. How to Make a Loan Agreement Foolproof?
  100. What Should Your Simple Partnership Agreement Include?
  101. What is a Healthcare Power of Attorney?
  102. Things Not to Do While Creating a Prenuptial Agreement
  103. How Can Promissory Notes Help Clear Confusions?
  104. Tips to Make a Quit Claim Deed Form Foolproof
  105. Legal Separation Agreement
  106. Is Bill of Sale the Same as Sales Receipt?
  107. How to Make a Rental Lease Agreement Fair and Balanced?
  108. What is a Revocable Living Trust?
  109. Revocable Living Trust Help Senior Citizens
  110. What is a Small Estate Affidavit and what is its Purpose?
  111. What Happens If You Do Not Have A Bill Of Sale For A Car?
  112. What Is The Purpose Of A Last Will And Testament?
  113. How to Create a Proper Personal Loan Agreement?
  114. What is the Purpose of a General Partnership Agreement?
  115. What is the Importance of a Power of Attorney for Safeguarding Your Assets?
  116. Importance of a Power of Attorney
  117. Privacy of Your Business with a Power of Attorney
  118. 5 Ways Prenuptial Agreement Is Likely To Improve Marital Relationship
Top Things To Know About Personal Loan Agreement {{ currentPage ? currentPage.title : "" }}

A personal loan agreement is a contract between two parties where one party provides funds to the other party in exchange for repayment over time. This kind of loan agreement is a type of contract with a personal guarantee or a pledge to pay back an amount of loan obtained (in order to meet personal expenses) along with interest, within a specific amount of time from the date of receipt of the loan amount.

A personal loan contract is similar to a mortgage agreement except that instead of borrowing money to buy property, the borrower borrows money to pay off debts or expenses. The objective of taking this type of loan is to meet personal expenses, which could be anything - whether it comes to paying school fees, meeting medical expenses, starting a business and so on.

What are the different terms associated to personal loan contracts?

Read and know about the different terms related to Personal Loan Contract.

1. Security

Security refers to the collateral pledged by the borrower to secure the loan. Collateral may take the form of real estate, vehicles, equipment, inventory, or any other valuable asset owned by the borrower. If the personal loan amount is not paid back on time along with the interest, the security will be forfeited by the lender.

2. Interest Rate

Interest rate is the amount of interest paid per year. In a personal loan agreement in Maryland, the interest rate refers to the annual percentage rate (APR) charged by the lender.

3. Term

Term refers to how long the loan will last. In a personal loan, the term refers to the length of time the borrower will repay the loan.

4. Repayment Schedule

Repayment schedule refers to the payment terms of the loan. There are three basic types of repayment schedules: fixed-rate, adjustable-rate, and variable-rate.

5. Annual Percentage Rate (APR)

Annual Percentage Rate (APR), also known as the effective APR, is the total cost of the loan divided by the number of payments. APR is expressed as a yearly rate.

6. Payment Terms

Payment terms refer to the timing of the monthly payments. There are three basic payment terms: fixed-term, flexible-term, and balloon.

Author Bio

Carl writes often about legal drafting of rental & commercial lease agreements, loan agreement and bill of sale to help the people in needs.

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