Acknowledgment Receipt of Loan

Team English -
Created by: Team English -, Last Updated: May 14, 2024

Acknowledgment Receipt of Loan

Acknowledgment Receipt of Loan

Date: May 14, 2024

Received from: Emily Johnson
Address: 789 Pine Road, Lakeside, ST 34567

Received by: Robert Martinez
Address: 1010 Birch Lane, Hilltown, ST 45678

Loan Details:

  • Loan Amount: $10,000
  • Interest Rate: 5% annually
  • Loan Duration: 5 years
  • Monthly Payment: $200

Purpose of Loan: To finance the purchase of a new vehicle.

This is to acknowledge that I, Robert Martinez, have received a loan of $10,000 from Emily Johnson. The loan is provided under the terms specified, and I commit to repaying the principal with interest as per the agreed schedule.

Repayment Schedule:

  • Start Date of Repayment: June 1, 2024
  • End Date of Repayment: May 1, 2029

Comments or Additional Information:
All repayments will be made by the 1st of each month, and any late payments will incur additional charges as per the loan agreement.

Signature of Recipient: ___________________________
Name of Recipient: Robert Martinez
Date of Receipt: May 14, 2024

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