Loan Agreement Promissory Note

A loan promissory note is a contract that is signed by a person seeking a loan as well as the loan company stating that the person to receive the loan has read and agree to the terms of the loan and promises to repay on the date selected. This note makes repayment of a loan legally binding. It is important to read all information given in the promissory note before you sign it because you do not want to agree to terms that you are not comfortable with. It is important to understand that in the promissory note you will agree to the interest rate set forth, be sure that this is a rate that you agree to. More info: Loan agreement promissory note

Comments are closed.