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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................



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