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THIS CONTRACT of LOAN ONLY AGREEMENT is entered into between(Name) (Address) (hereinafter called Lender), and Texas A&M UniversityCorpus Christi (hereinafter called the University), for the purpose

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How to fill out this contract of loan

01

Read the contract thoroughly to understand its terms and conditions.

02

Fill in the borrower's name, address, and contact information.

03

Provide details about the lender, including their name, address, and contact information.

04

Specify the loan amount and the interest rate agreed upon by both parties.

05

Clearly define the repayment terms, including the duration of the loan and the payment schedule.

06

Include any additional terms or conditions that both parties agree upon, such as late payment fees or early repayment penalties.

07

Sign and date the contract, making sure that both the borrower and lender have a copy.

08

Keep the contract in a safe place for future reference or in case of any disputes.

Who needs this contract of loan?

01

Anyone who is lending or borrowing money can benefit from having a contract of loan.

02

Borrowers can use it to clearly understand their responsibilities and ensure that the terms of the loan are fair.

03

Lenders can use it to protect their interests and have a legally binding document in case the borrower fails to repay the loan.

04

Financial institutions, businesses, and individuals engaging in lending activities often use loan contracts to establish clear terms and conditions for lending money.

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