1

PERSONAL LOAN AGREEMENT

THIS PERSONAL LOAN AGREEMENT is made at Jaipur (Rajasthan ) on this Day of
2014 , between (1) Shri S/O Shri
. Age years , Caste having at
Jaipur
Rajasthan.Here in this Agreement being known as Borrower. (Which term shall mean and include his
legal heirs, legal representatives, successors in interest, nominees and assigns)
(2) Shri. S/O Shri. Age years ,
(Which term shall mean and include his legal heirs, legal representatives, successors in interest, nominees
and assigns)

IT IS AGREED BY AND BETWEEN THE PARTIES AS FOLLOWS

1. Definitions and Interpretation

1.1 In this Agreement, the following capitalized words shall have the following meanings:
Debt means money being given to Borrower as Loan which means Legally Enforceable Debt which
Borrower has to pay to Lender according to Terms & conditions of this Agreement.

"Agreement" means the Loan Agreement through which Money is being lended to Borrower by Lender.

"Lender" means., Shri Ajay Gangwal

Borrower means Shri
."Parties" means the Lender and the Borrower referred to collectively.

PDC/Post Dated Cheques/Chequesmeans fully filled & signed cheques given to Lender by Borrower
for Payment of Interest & Loan amount being known as Legally Enforceable Debt

WHEREAS


2

a) The Borrower has applied to the Lender for a loan for personal requirements.
b) The Lender has agreed to grant the loan applied for upon the mutually agreed terms and
conditions herein appearing.


NOW THIS AGREEMENT WITNESSES as under:

1 Terms & Conditions

1.6 The relationship between the Lender and the Borrower as lender and borrower shall commence from
the date of this Agreement and subsist until all monies due and payable by the Borrower to the Lender
under this Agreement and in all other documents pursuant hereto shall have been fully paid to and
received by the Lender

1.7 The Borrower's submission to the satisfaction of the Lender his financial statements;
(ii) The Borrower's submission to the Lender , Fully Filled & Signed Post Dated Cheques by Borrower
himself for payment of installments & Loan amount which means Legally Enforceable Debt.

1.8 Borrower agrees that he has taken Legally Enforceable Debt & in case of default by Borrower
on Loan amount or its EMI partially or fully . In case of default , Lender has full rights to
take legal actions against borrower under Section 148 of Negotiable Instrument Act and
various other Sections & Sub Sections of Cr PC , IPC, Indian Contract Act or other Acts of
Indian Legal & Judicairy System

1.9 Borrower also agrees that Borrower has given Post Dated Cheques to pay Legally
Enforceable Debt & its Interest.

1.10 Borrower has also agreed and declares that he has given fully filled and signed cheques in its
own Hand Writing.

1.11 Borrower also declares that he has not given any Blank signed Cheques to Lender.

1.12 Borrower has to fully follow all the Terms & Conditions of this Agreement failure to do so
will results Termination of this Agreement & in such situation Lender has all the rights to
take any Legal actions or remedies to safeguard its interest or money given as Loan/Debt to
borrower .