Loan Agreement

LOAN AGREEMENT

This Loan Agreement is executed on 2026-04-26 between:

LENDER: Lender Full Name, residing at Lender Address

BORROWER: Borrower Full Name, residing at Borrower Address

1. LOAN AMOUNT
The Lender hereby agrees to lend ₹500000 (Rupees in words) to the Borrower for the purpose of medical emergency.

2. DISBURSEMENT
The loan amount shall be disbursed by NEFT/RTGS to the Borrowers bank account on the date of execution of this agreement.

3. INTEREST
The loan shall carry interest @ 12% per annum, compounded monthly.

4. REPAYMENT
The Borrower shall repay the loan with interest within 24 months from disbursement, in equal monthly installments. The Borrower may pre-pay without penalty.

5. DEFAULT
In case of default for 30+ days:
(a) Penal interest @ 24% p.a. shall apply on overdue amount.
(b) Lender may demand immediate repayment of entire balance.
(c) Lender may initiate civil/criminal proceedings.

6. SECURITY
The Borrower has provided post-dated cheques as security. (Or: This is an unsecured loan.)

7. ACKNOWLEDGEMENT
The Borrower acknowledges receipt of the loan amount and accepts all terms.

8. JURISDICTION
This agreement is governed by Indian law. Disputes subject to courts at Lender Address.

IN WITNESS WHEREOF, the parties have signed below.

_______________      _______________
LENDER                BORROWER
Lender Full Name   Borrower Full Name

Witnesses:
1. _____________
2. _____________

Note: Execute on ₹100 stamp paper. Notarization recommended for amounts > ₹1L.