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Certificate Date:___ (I) (We) do hereby agree to loan the sum of $___ to The Mill Church for a period of at least one year, with maturity date of ___. Interest (APY) on this certificate will be paid

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How to fill out loan extension agreement

01

Read the loan extension agreement thoroughly to understand the terms and conditions.

02

Fill in your personal details such as name, address, contact information, and loan account number.

03

Specify the reason for requesting the loan extension and provide any supporting documentation if required.

04

Clearly state the new repayment terms including the extended deadline and any changes to interest rates or other fees.

05

Sign and date the agreement to acknowledge your acceptance of the new terms.

06

Keep a copy of the filled out loan extension agreement for your records.

Who needs loan extension agreement?

01

Individuals who have taken out a loan and are unable to meet the original repayment deadline.

02

Borrowers who need more time to repay the loan due to unexpected financial hardships or other circumstances.

03

Lenders who want to formalize the agreement to extend the loan repayment period and avoid any misunderstandings in the future.

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What is loan extension agreement?

A loan extension agreement is a legal document that outlines the terms and conditions agreed upon by a lender and borrower to extend the repayment period of a loan.

Who is required to file loan extension agreement?

Both the lender and borrower are required to file the loan extension agreement.

How to fill out loan extension agreement?

To fill out a loan extension agreement, both parties must agree on the new repayment terms and sign the document. It is recommended to consult with a legal professional to ensure all necessary information is included.

What is the purpose of loan extension agreement?

The purpose of a loan extension agreement is to formalize the agreement between the lender and borrower to extend the repayment period of a loan.

What information must be reported on loan extension agreement?

The loan extension agreement must include details such as the original loan amount, new repayment terms, interest rates, and signatures of both parties.

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