Installment Bond
I
KC, s/o Mr. RC r/o ..................... have borrowed a sum of Rs..........from Mr. SK s/o K r/o
........................... I hereby promise that the said sum shall be paid in twelve equal
instalments of Rs..................each by first week of each month. I further promise that
interest at the rate of 18% per annum shall also be paid along with monthly
installment.
and
I hereby agree that in case of my failure to pay the installment along with
interest the whole amount shall become due at once.
Witnesses:
1.
Name.................. Signature of............
Address................
(KC)
1.
Name....................
Address................
