Urdulikاقرار نامہ قرض
When is a loan agreement needed?
A loan between relatives, friends or business contacts is often given on trust and argued about later. This agreement records the amount, the date it was handed over, when and how it will be repaid, and what the lender may do if it is not.
Where it goes
The lender and the borrower each keep a signed copy. It is not filed anywhere unless a dispute goes to court, where it becomes the main evidence. The law of evidence requires a document about money or future obligations to be attested by witnesses, so two witnesses should sign.
Points to get right
- Write the amount in figures and in words.
- Hand the money over by cheque or bank transfer and note the reference. Cash leaves no trace beyond the paper.
- Fix the repayment clearly: one date, or instalments with their dates and amounts.
- Give a signed receipt for every repayment, and return or cancel the agreement when the loan is cleared.
- A claim for money can become too old to bring to court, so do not let an unpaid loan sit for years without written acknowledgement.
How to use this sample
- Press Open in editor. The sample opens as a new document that you can change freely.
- Replace each blank with your own details.
- To print on an e-stamp paper, open the File tab, press Write on PDF / picture and choose the PDF or scan of your stamp paper. Move the starting line until the text begins below the printed part.
- Press Print / PDF. To print the blank format as it is, use Print this sample above.
What to fill in
- The name, father’s name, CNIC number and address of both parties
- The amounts, dates and periods the parties have agreed
- The date and the signatures of both parties
- The names and CNIC numbers of two witnesses
Before you sign
These are general formats to save typing. Requirements differ between offices, courts and provinces, and a paper about property or money has legal effect. Have the final wording checked by a deed writer or lawyer, use stamp paper of the correct value, and get the paper attested or registered where that is required.
Fill it in and print
The sample opens in the editor, ready for your details.