The concept of «loan» is quite extensive. In the simplest version, a loan is the transfer of funds and other tangible assets from the lender to the borrower on the aspects of the subsequent return after a View here certain time period. In a more detailed sense, the definition of a loan is likely to construct as follows:
A loan is a type of relationship in the course of which one party transfers to the disposal of another monetary methods or other meanings formed by generic characteristics: weight, measure, number, etc. the Borrower undertakes to return the same required amount or other property in fact that the size, a sort of the same kind and quality, in which it was taken in a temporary implementation.
As for the services of MFIs and other currency structures, in this sense, a loan is a form of cash flow provided on a paid basis, at interest and for a certain period. These offers have all chances to be state and commercial, consumer and banking, mortgage and international, etc.
Civil law cases with a paid loan are secured by a favorable agreement, which is signed by all parties involved.
The special originality of the loan as a type of legal relationship: the borrower in the appointment of a certain time is the owner of the subject of the agreement, i.e. it contains the probability to submit instructions at its own discretion in ways or other tangible assets. The loan agreement is a written contract of 2 parties to provide cash or other valuables. It lies in the fact that the case, if the amount of the loan or the cost of tangible assets is higher than 1000 rubles.
The content of the loan agreement — a set of certain aspects. The General terms of the agreement is likely to include:
Essential — a thing of the contract, conditions of debt repayment.
Conditional — the period of refund and the presence of the Commission.
Random — entered into the contract by agreement of both parties.
Not believing this, the agreement specifies the details both parties. For example, in the case of loans in microfinance institutions, the parties to the contract are, as a rule, a natural and legal person.
Neatkarigie data for a sort of agreement:
Unqualified name of the borrower, details of his passport, address of living and residence.
The title of the creditor (legal persons.)
Unconditional full Name of the General Director of the MFI, the owner of the company or another person entitled to take on a role in transactions.
