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Contract For Repayment of Loan
Contract For Repayment of Loan
AND
1. The Borrower has borrowed a sum of Rupees Twenty Thousand (Rs. 20,000) from the Lender.
2. The Borrower agrees to repay the said amount to the Lender after One Month of his second year inter
board papers.
3. The repayment shall be made in full, without any deductions or set-offs, within [insert time frame,
e.g., 30 days] from the date of completion of the board papers.
4. This Contract constitutes the entire agreement between the parties and supersedes all prior
negotiations, understandings, and agreements between the parties.
5. The Borrower will cross 18 years of age after 30 June so this contract will become legal after that.
IN WITNESS WHEREOF, the parties have executed this Contract on the date first above written.
ABDULLAH (Lender)
Sign : __________________
BASIT (Borrower)
Sign : __________________