Loan Agreement With Bank

This document is a format for the loan agreement between the banking financial institution and the individual to avail the overdraft facility for the trade business for one year. The bank institution shall allow the individual to withdraw money when required through overdraft facility to cash credit account but the limit for over draft facility shall be mentioned explicitly in the agreement. The agreement shall specify the amount adjustment cycle, period for which the facility is granted, policy for extension or termination of the agreement and to customary charges which shall be applicable for the facility.

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