New legal loan agreement The borrower borrowed the money. The lender. To know

borrowing stipulated by a friend. Loan from acquaintances or bank loans, in the system or informal, all require a loan agreement.

Let’s see what the new legal loan contract 2021 / 2021 looks like. What’s changed?

New legal loan agreement

Loan agreements under the new code

Write at…………………………………………………….

Date………………

I…… The year of the house no…….

Number one, the borrower borrows the loan of the lender for the amount of money…… And this money has been completed on the day of this contract.

                Article 2 The borrower allows the loan amount to the loan to the lender at one baht per month from the date of this contract onwards and pay the interest inside

                Article 3 The borrower promises to repay the loan to the lender within the date of the loan.

                Article 4 As evidence of this loan. The borrower has brought

The Borrower certifies that the assets that have been presented as collateral are the borrower’s own property and do not insure or have any obligation to other liabilities, and certify that while the assets are deposited as collateral for this loan, the loan will be secured. The borrower will not sell, transfer or incur an obligation to the assets that guarantee this loan. If the borrower breaks this contract, it is considered a fraudulent borrower who is a criminal.

Article 5 The Borrower agrees that if the borrower misbehaves this loan agreement, whichever is the matter, the borrower shall not be charged. The borrower allows the borrower to claim the principal of the loan as soon as possible and pays for the damages, as well as the cost of the vehicle to be paid for the claim and the fair value of the loan. If it is a breach of the interest payment agreement, The borrower also allows the lender to charge a principal interest.

                Article 6 The parties agree that the borrower will not repay any other debt instead of the payment.

Sign………………………….

Sign……………………………….

Sign………………………………………….

Sign………………………………………….

Sign……………………

What do you need to know before you make a contract?

Read the contract carefully.

Before signing a contract, you should check the contract thoroughly, as if it were to be used to prosecute. The document itself is considered to be the most important. Check the figures carefully, including the amount borrowed, the installment, and interest details.

There are witnesses to sign contracts.

Even if the law says that there is no witness, it is a good way to preserve everyone’s interests. The witness should be the intermediary of both parties.

Keep the evidence.

Keep the documents, take photos of the originals, and keep a copy of the documents carefully to prevent the forgery of the documents and use them as the highest amount of money for both parties.

prosecution within 10 years.

The case can be filed within 10 years from the first payment.

The law on borrowing that you should know.

  • When borrowing more than 2,000 Baht or more, a contract must be entered into as the above document for verification and prosecution.
  • Interest rate is not more than 15% per annum if the contract is voided. Not available
  • The lawsuit can be filed within 10 years after the first payment is made.
  • The legal age of the prosecution is not more than 5 years.

What’s the best way to get this loan letter, which if you’ve read it here, make a good decision before you take your loan? If you want to be safe from legal headaches, you’ll need to take a hard time. It is recommended to borrow money from the credit card system, cash credit card.

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