RECEIPT OF HAND LOAN AMOUNT
I, _______ S/o W/o D/o _______ Aged about ___ years, Occupation ______ R/o H.No. ______________________
Do hereby received a sum of Rs.
______/- (Rupees ____________ Only) as a HAND LOAN on Surety of my ______________________ from
That I have deposited the _____________ against
the security of his/her above given hand loan amount.
That I will take my above deposited _______________
only after paying back the above said hand loan amount to ______________.
That I shall herein promise and
undertake to pay a sum of Rs.
______/- (Rupees _______________only)
on a Monthly Basis i.e., per month on the ___ Day of Every English Calendar
Month to said _______________ as a Assumed Rent/Invested Profit/Dividend
during the period of this Hand Loan Agreement.
That I shall pay
back the above said hand loan amount within a period of _________.
That the above said surety ________ shall stand as a ‘COLLATERAL SURITY/SECURITY’ for the above said received amount.
That the contents
of this Receipt of Hand Loan Amount shall bind myself and my legal heirs.
That ___________ reserve rights with him/her to recover
the said amount within frame of law in case of non-payment of the said amount
under Negotiable Instrument act of 138 of IPC 420, 421, 421 (a/b).
Hence,
this Receipt of Hand Loan Amount of Rs. ______/- (Rupees ___________________ Only) is made and executed on this the ____ day of ________ at __________
with my free will and consent after understanding the true contents of this
Receipt in my mother-tongue in the presence of the following witnesses.
WITNESSES:
1.
EXECUTANT/RECIEPIENT
2.
