Landmarq

✅ REQUIRED DETAILS for Secured Loan Agreement

1. Lender and Borrower Information

• Full Name (as per ID proof)
• Residential/Office Address
• Contact number and Email ID
• ID proof details (Aadhar, PAN, Passport, etc.)
• Type of party: Individual, Proprietor, Firm, Company
• If a company: Name, registration number, CIN, and authorized signatory details

2. Loan Details

• Loan amount (in figures and words)
• Currency
• Interest rate (% per annum – fixed or floating)
• Tenure of the loan (start date and end date)
• Repayment structure (EMI, bullet, etc.)
• Prepayment option (yes/no; with or without penalty)
• Grace period (if any)
• Purpose of the loan

3. Security/Collateral Information

• Type of collateral (Immovable – land/building; Movable – vehicle, machinery, etc.)
• Full description of the asset (location, registration number, make/model, etc.)
• Ownership details of the asset
• Current market value
• Existing encumbrances (if any)
• Whether the asset is insured (insurance policy details)

4. Default & Legal Terms

• Events of default
• Consequences of default (recovery rights, possession, penalties)
• Jurisdiction & governing laws
• Mode of dispute resolution (court or arbitration)
• Right to enforce charge/mortgage

5. Other Clauses

• Representations and warranties
• Force majeure
• Notice clause
• Indemnity (if applicable)
• Signatures & witness info

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📄 REQUIRED DOCUMENTS for Secured Loan Agreement

From Lender & Borrower:

• PAN card (mandatory)
• Aadhar card or Passport (address proof)
• Recent passport-size photograph
• Bank statement (last 3–6 months)
• ITR or salary slips/financials (to assess repayment capacity, optional but useful)

For Security/Collateral:

• Title deed/ownership proof (if immovable property)
• Encumbrance certificate (for past 13 years, ideally)
• Valuation certificate (from a certified valuer)
• Insurance policy (if asset is insurable)
• Registration papers (for vehicles, machinery, etc.)
• Photographs of the asset
• NOC from joint owner or co-borrower (if applicable)
• Hypothecation or mortgage deed
• Charge registration proof (if borrower is a company)

✅ REQUIRED DETAILS for Unsecured Loan Agreement

1. Parties Information

• Lender’s full name
• Borrower’s full name
• Residential/Business addresses
• Contact number and email ID
• Government ID details (PAN, Aadhar, Passport, etc.)
• Type of party: Individual, Proprietor, Firm, Company
• For companies: Registration number, CIN, authorized signatory details

2. Loan Terms

• Loan amount (in numbers and words)
• Currency
• Interest rate (fixed or floating, % per annum)
• Repayment period (tenure in months/years)
• Disbursement date
• Repayment method (EMI/lump sum/post-dated cheques, etc.)
• Repayment schedule (monthly, quarterly, etc.)
• Prepayment terms (allowed or not; any penalty?)
• Grace period (if any)

3. Purpose of Loan

• Business, personal, educational, or other

4. Default Clause

• What constitutes a default
• Penalties on default
• Right to initiate legal action or recovery proceedings

5. Miscellaneous

• Dispute resolution method (arbitration or court)
• Jurisdiction clause
• Notice clause (addresses for communication)
• Signatures of parties and witnesses

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📄 REQUIRED DOCUMENTS for Unsecured Loan Agreement

From Borrower:

• PAN card
• Aadhar card / Passport / Voter ID (for address proof)
• Bank statement (last 3–6 months)
• Latest ITR or salary slips/income proof
• Photograph (passport-size)

From Lender:

• PAN card
• Aadhar card / Passport / utility bill (for address proof)
• Bank details for disbursement

Additional (Optional):

• Credit score/report (for borrower’s risk assessment)
• Employment proof or business documents
• Letter of undertaking or promissory note (optional, to strengthen enforceability)