Since the private credit agreement form is a legal and contractual agreement between two parties, it must contain detailed information about both parties as well as the particularities of the private loan for which the contract is concluded. Once you have the information about the people involved in the credit agreement, you need to describe the particularities surrounding the loan, including transaction information, payment information, and interest rate information. In the transaction section, you indicate the exact amount due to the lender as soon as the contract has been executed. The amount does not include interest incurred during the term of the loan. They also describe in detail what the borrower receives in return for this amount of money he promises to pay to the lender. In the Payment section, you describe how the credit amount is refunded, the frequency of payments (e.g. monthly payments due on demand, a flat rate, etc.), and information about the payment methods allowed (for example. B cash, credit card, payment instructions, bank transfer, direct debits, etc.). You must contain exactly what you accept as a means of payment, so that there are no questions about the authorized payment methods. In every credit agreement, you need some basic information that is used to identify the parties who agree to the terms. You will have a section that describes who the borrower is and who the lender is. In the borrower section, you need to contain all the borrower`s information.
If they are a natural person, this includes their full legal name.