Interest rates are directly stuck to the amount of money
With this document can be created by a loan contract between private individualsBy a loan agreement of the lender, the borrower is obliged to leave an agreed amount of money. The borrower is obligated, however, amount to the repayment of the entrusted money. In addition, interest may be agreed (on the loan), this is open to the parties. This document is intended for individuals who want to create a private loan contract. A private loan contract are not able to participate as private individuals. Basically, the contents of the loan agreement between the parties to the contract is freely negotiable. The loan amount should be determined by the Contracting partners carefully, to avoid later claims. There is the possibility of the contractual term of the loan agreement. In order for both parties is clear when the Loans must be repaid, it is recommended that the length in the loan agreement. There is the possibility of interest rates in the loan contract. In addition to the amount of Interest on the money amount can also be determined, if these do not increase, for example, in the case of default of payment or not. I.e, whether in default of payment, additional interest is paid. If the borrower comes in default with the payment, it may be agreed that the interest rate increases. In addition, you can agree to, whether the loan must be paid on one stroke or in monthly Instalments by the borrower. It is advisable to agree on payment in instalments, as this allows the borrower the loans piece by piece to repay. This simplifies the repayment for the borrower Particularly at higher loan totals it is not always to agree to collateral in case the borrower the loan can repay you.
For example, it may be agreed that the lenders to the borrower in the event of the insolvency of the loan, his salary must seize.
In addition, of course, additional collateral can be agreed, to prevent losses at high amounts. The contract duration should not be fixed, the contract is automatically the statutory period of notice of three months. For your own safety, you can leave in the case of particularly large sums of money is an acknowledgment of debt at the notary to make. In the notarial acknowledgment of debt is a document in which the notary certifies that the loan owed by borrower to the lender, the loan amount. This guarantees that the borrower can not deny that he owes the lender the amount of the loan. The document should be filled out the questions and adjusted accordingly. After both parties have signed, all parties should have a copy of the contract (for your safety). In order to ensure more legal certainty, promissory notes and receipts are used.
A promissory note is an instrument of the creditor that the debtor owes Him the amount of the loan.
In the case of repayment of the loan amount, the debtor may request that the promissory note back.
If the amount of the loan has already been paid back, can give the creditor the debtor a receipt. On the loan agreement, the provisions of the Civil code are applicable, in particular, § § et seq. of the civil code You fill out a form. The document is created before your eyes based on your answers.
