Free Personal Loan Proposal Format Template
Personal Loan Proposal Format
Borrower's Information
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Full Name: [Your Name]
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Address: [Your Address]
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Phone Number: [Your Phone Number]
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Email Address: [Your Email]
1. Loan Amount Requested
Amount: $[Amount]
2. Purpose of the Loan
Reason for Loan: [State the specific reason(s) you need the loan. For example: home renovation, medical expenses, education, debt consolidation, etc.]
3. Loan Terms
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Interest Rate: [Interest Rate]%
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Loan Term: [Loan Duration: Months/Years]
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Repayment Frequency: [Monthly, Quarterly, etc.]
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Collateral: [Specify any collateral provided, if applicable.]
4. Borrower’s Financial Information
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Current Employment Status: [Full-time, Part-time, Self-employed, etc.]
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Annual Income: $[Annual Income]
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Other Sources of Income: [Mention any other sources of income, if applicable.]
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Existing Financial Obligations: [List any other debts or financial commitments.]
5. Repayment Plan
Plan for Repayment: [Explain how you plan to repay the loan—e.g., from salary, savings, or other investments.]
Supporting Documents
Documents Attached: [List of supporting documents you include, such as proof of income, identification, bank statements, etc.]
Additional Information
Additional Notes: [Include any other relevant information that may support your application.]
