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Date: ________
________
________
Re: Loan agreement dated ________ ("Agreement") executed by and between ________ ("Lender") and ________ ("Borrower")
1. In terms of the Agreement, the Borrower is required to repay the principal amount of the loan being an amount of: Rs. ________ (________) and interest payable thereon to Lender;
2. As security for repayment of the loan, the Borrower hereby hands over the Post-Dated cheques to the Lender in the terms of the Agreement. Details of the said Post Dated cheques are as set out below:
Cheque number: ________
Amount: Rs. ________ (________)
Drawn on: ________
5. The Borrower undertakes to ensure that the above cheques are honoured on presentation of the same for payment and the Borrower further acknowledges that the Borrower alone shall be liable in the event of any dishonouring of any of the cheques.
Sincerely,
(For and on behalf of ________)
____________________
Name: ________
Designation: ________
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