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This Loan App generates Loan Agreement and Promissory Note with just a few taps
The Loan Agreement and Promissory Note App uses the automated contract forms (agreement templates) for drawing the Loan Agreement or Promissory Note forms including the loan amortization schedule. This Loan app allows to create agreement forms, which is written promise from a lender to loan money to someone in exchange for the borrower's promise to repay the money lent as described by the Agreement. The Loan App's primary function is to make the documents which is written evidence of the amount of a debt and the terms under which it will be repaid, including the rate of interest (if any). Loan Agreement or Promissory note serve as a legal document that is enforceable in court creating obligations on the parts of both the borrower and the lender. The 'Loan App' changes the agreement text automatically with help of the agreement template in which the needed options are chosen by user.