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This document is a legal Borrower Application and Promissory Note for the DEAL ONE LOAN and DEAL CONSOLIDATION LOAN provided by the Bank of North Dakota. It includes sections for borrower information, education loan indebtedness, cosigner requirements, and borrower certifications, along with information regarding loan terms, interest rates, fees, and repayment options. It is essential for applicants to complete and return specific pages to ensure the application is processed.
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How to fill out borrower application and promissory

01
Start with the borrower's personal information: full name, address, date of birth, and social security number.
02
Provide employment details: employer's name, address, job title, and length of employment.
03
Disclose financial information: income details, bank account information, and any outstanding debts.
04
Review the loan amount requested and the purpose of the loan.
05
Read and understand the terms and conditions of the promissory note.
06
Ensure all sections of the application are completed accurately before submission.
07
Sign and date the application and promissory note, acknowledging the terms.

Who needs borrower application and promissory?

01
Individuals seeking to borrow money from a financial institution or lender.
02
Small business owners needing funds for business operations.
03
Students applying for educational loans.
04
Individuals refinancing existing loans.
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A borrower application is a form submitted by an individual or entity seeking to obtain a loan, containing personal, financial, and employment information. A promissory note is a legal document wherein the borrower promises to repay the loan amount under specified terms.
Individuals or entities seeking a loan are required to file a borrower application and promissory note with a lender as part of the loan approval process.
To fill out a borrower application and promissory note, provide accurate personal and financial information, including income, debts, and employment history, sign the documents, and ensure all sections are completed before submission.
The purpose of the borrower application is to assess the borrower's eligibility for a loan, while the promissory note serves as a legal commitment to repay the borrowed funds.
Information typically required includes the borrower's name, contact details, social security number, employment and income information, loan amount requested, and terms of repayment in the promissory note.
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