Loan Agreement between employee and employer
LOAN AGREEMENT The Agreement is made on the 12th day of February 2021, between Mr. xyz, Son of Shri Amar Das Wadhwa Resident of ADDRESS. and having permanent address at ADDRESS. (hereinafter referred to as the “ BORROWER ” , which expression shall unless it be repugnant to the subject or context thereof, include his successors and assigns ) of ONE PART and COMPANY NAME , a company incorporated under the Companies Act, 1956 and having its Corporate office at Company Address (hereinafter referred to as the “ COMPANY” , which expression shall ,unless it be repugnant to the subject or context thereof, include his successors and assigns ) of the SECOND PART. WHEREAS the Borrower has requested and approached the Company with his loan application dated 12 th February 2021 for lending a sum of Rs. 2,00,000 (Rs. Two Lacs only) as a personal loan due