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Loans

A loan, in the financial sense, is the borrowing of money coupled with a promise to repay the amount borrowed (principal). If the loan carries interest, then the promise to repay would include interest payments as well as the principal amount borrowed.

Of the word loan, Theodore M. Bernstein in The Careful Writer had this to say:

Dictionaries and most other authorities sanction loan as a verb in American usage. Yet, probably because a British influence has been at work, most writers who observe the niceties seem to prefer lend, although some accept loan in financial contexts ("The bank loaned the corporation $3,000,000") and in art contexts ("Three of the paintings were loaned to the museum by Nelson A. Rockefeller"). If your ear is not offended by "Loan me your pen" or by "Friends, Romans, countrymen, loan me your ears," the authorities are right so far as you are concerned. The rest of us will continue to prefer lend, though we recognize that loan has a basis in both history and usage.

Below is a miscellany of informative notes and articles on loans of the financial kind - personal loans, home loans, corporate loans, loan letters and related matters:

Cash Advance Application

Application for emergency funds to meet unexpected expenses.

Corporate Loans

Loans obtained by corporations for working capital and specific project funding.

Directors' Resolution for Corporate Loan

Board of Directors' resolution for request and acceptance of a corporate loan. Resolution authorizes execution of security documents and creation of security in respect of the loan.

Home Loan Letter of Offer

Home loan and mortgage letter of offer sample.

Loan Letter for Individual Borrower

Typically used for personal loans of small amount and subject to minimal terms and conditions.

Loan Letter for Corporate Borrower

Loan letter for loans to corporate borrowers. Drawdown of the loan is subject to fulfilment of conditions precedent which include provision of guarantee.

No Interest or Friendly Loan

Information on no interest loans also known as friendly loans. Sample loan agreement provided as guide.

Loan Payment Demand Letter

A loan reaches maturity and full payment is due but the borrower neglects or refuses to pay, then something like this demand letter needs to be issued to demand for payment and threaten legal action.

Personal Loan

A Personal Loan is usually unsecured and available for individuals. Key features are fast approval and disbursement; and minimal legal documentation.