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Loan Agreement


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Document Description

This agreement is used if you are assigning a loan to or taking from someone and want to avoid any misunderstanding by laying down the terms and conditions beforehand. Borrowing and lending money involves various rights and liabilities. For the lender, it involves risk. Therefore, it is necessary to enter into this agreement to avoid any future troubles. For borrower, the agreement lays down the details of the sum, the interest and other provisions so the lender cannot change the repayment scheme at his/her will.

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