Contents and Examples of Complete Debt and Receivable Agreements

Accounts payable may be a common thing that you often find in personal or company matters. However, the matter of accounts payable has also been included in the lending and borrowing law which already has its rules and procedures. In fact, accounts payable also have examples of different debt agreements.

What are the contents of a loan agreement agreement and how do you make it? The following is a summary of accounts payable.

What is the meaning of a debt agreement?

SPH or loan agreement letter is an official document that has a function as a form of proof of money lending activities by the owner and recipient. The loan agreement letter will usually contain the agreement and information related to the rules for borrowing the money.

Purpose of the loan agreement letter

The existence of this debt agreement is a form of legal force for borrowing money that can provide peace for the owner and recipient of the debt. So, if there is a problem that occurs in the activities of debt and receivables, it can be tried through legal channels.

So, the loan agreement letter is not just an ordinary agreement letter, there are some serious purposes behind it.

For the information of the parties involved

The loan agreement letter will contain information about any parties involved, be it the guarantor, the lender, and the witness. Later the information needed is in the form of an ID card number, full name, and residential address.

This data information must also be written completely and correctly in order to avoid mistaken identity in case of future problems.

Proof of debt amount and transaction time

Of course, the loan agreement letter will also contain the nominal amount of money to be borrowed, everything must be written in detail including the time the transaction is carried out so that no party changes the nominal debt agreement to commit fraud.

Avoid disputes

With a debt agreement letter, you can avoid disputes, because what is written in the debt agreement letter is an agreement from all parties involved. So, if there is a debate related to debt, this letter can be valid and strong evidence.

To avoid the worst risk

The worst risk of debt receivable is if the debtor cannot pay the money he borrowed or the person runs away. In addition, another risk is that if the person who borrowed the money dies and still leaves a debt to be paid, then with this debt agreement the debt will be billed or paid by the heirs.

Components of a debt agreement

To make a debt agreement there are several important components or points that must be considered, namely:

Personal data

As mentioned above, the loan agreement letter must include personal data information consisting of the name, ID card number, address, and occupation of the borrower or lender.

Loan amount

The loan agreement letter must also clearly state the loan nominal, either in the form of numbers or an explanation of letters.

Loan purpose

The purpose of the loan may be written if there is a mutual agreement, by writing down the purpose of the loan both parties can get the appropriate information.

Loan term and how to pay it

The term and method of payment or the mechanism must be based on both parties. If the loan is to be repaid in installments, the time for the installments must also be determined by the date, month, and year.

Loan guarantee

Loan guarantees are also important in this activity because loan guarantees can create a sense of trust from the lender, loan guarantees can be in the form of jewelry, land certificates, BPKB or vehicle documents, or vehicles.

Loan compensation

If this debt transaction causes problems, then the compensation to be borne must be written, usually the compensation will be in the form of interest.

Sample letter of loan agreement with guarantee

We, the undersigned: 

Name:

Age : 

Work :       

No. ID card / SIM:         

Address:         

Phone :         

Acting for and on behalf of oneself and hereinafter referred to as the FIRST PARTY. 

Name:        

Age :         

Work :          

No. ID card / SIM:    

Address:      

Phone :     

Acting for and on behalf of oneself and hereinafter referred to as the SECOND PARTY. 

Hereby declare that: 

The FIRST PARTY has truly and legally owed money due to the loan to the SECOND PARTY, amounting to [(Rp. ,00) (amount of money in letters)]. 

The FIRST PARTY acknowledges that it has received the full amount of money from the SECOND PARTY prior to the signing of this Agreement with the receipt attached. 

THE SECOND PARTY hereby declares that it has received an acknowledgment of debt from the FIRST PARTY. Both parties have agreed to enter into and bind themselves to the terms and provisions of this agreement which are regulated in 8 (eight) articles as follows: 

Article 1 

INSTALLMENT 

PAYMENT THE FIRST PARTY promises to pay the debt amounting to [(Rp. ,00) (amount of money in letters)] in installments. 

The amount of the payment installments is at least [(Rp. ,00) (amount of money in letters)] every month, where the payment of the FIRST PARTY is no later than XNUMX (date in letters) for each month, and so on until the debt of the FIRST PARTY FIRST is paid off. 

Article 2 

FLOWER 

The FIRST PARTY is freed from interest on the debt, until the entire payment of the FIRST PARTY is in accordance with the amount of the original loan money of the FIRST PARTY to the SECOND PARTY. 

Article 3 

PAYMENT METHOD 

The FIRST PARTY's debt payment method can be done by: 

1. Directly pay the installment money to the SECOND PARTY at the SECOND PARTY's residence which is located at (full address). 
2. Through the SECOND PARTY's account number at the Bank (name and full address of the Bank in question) with the account number: -. 
3. In this case the date of the deposit must be in accordance with Article 1 paragraph 2 above and the FIRST PARTY shall notify through the telephone number of the SECOND PARTY informing that the FIRST PARTY has made the payment. 
4. By postal money order, where the payment date of the FIRST PARTY and the receipt of the money order is valid as the date of payment of the FIRST PARTY to the SECOND PARTY. The date of such payment shall be in accordance with Article 1 paragraph 2 of this agreement. 

Article 4 

VIOLATION 

If the FIRST PARTY is negligent or violates Article 1 of this Agreement, the SECOND PARTY has the right to collect part or all of the FIRST PARTY's debt immediately or all at once. Violation or neglect of the obligations of the FIRST PARTY may be deemed that the FIRST PARTY has failed to fulfill its obligations under this agreement without the need for a statement to be made. 

What is meant by the negligence or violation of the FIRST PARTY are: 

1. The FIRST PARTY ignores its obligations in accordance with the letter of Agreement Article 1 and Article 3 which it has agreed upon. 
2. The method of payment of the FIRST PARTY is not in accordance with the method of payment as agreed in accordance with Article 3 of this Agreement. 
3. The FIRST PARTY's payment date has passed the agreed payment due in accordance with Article 1 paragraph 2 of this Agreement

Article 5 

COSTS 

All costs incurred by the SECOND PARTY to collect the debt, among others: 

1. SECOND PARTY reprimand fee, 
2. The fees for the THIRD PARTY authorized by the SECOND PARTY to collect the debt in the amount (according to custom) is [( ) % (amount in letters)] percent of the total amount of money billed, shall be fully the responsibility of the FIRST PARTY. 

Article 6

GUARANTEE

The FIRST PARTY submits a guarantee to the SECOND PARTY a plot of freehold land with a Hak Milik certificate Number , with an area of ​​[( - ) (total area in letters)] square meters, located in the area (complete address of the land in question), which is described by the Situation Picture Number - date (day, month and year). 

The certificate is in the control of the SECOND PARTY to be used properly and returned to the FIRST PARTY when all debts are declared PAID. 

Article 7

DISPUTE RESOLUTION 

1. The FIRST PARTY and the SECOND PARTY who have bound themselves in this debt agreement have agreed to take the family path or deliberation to reach consensus in order to resolve matters or disputes that may arise. 
2. If it turns out that the deliberation method is considered unsuccessful to get a settlement that relieves both parties, both parties agree to take legal action by choosing the domicile at (Registrar Office of the District Court) with all the consequences. 

Article 8

CLOSING 

This agreement letter is made on paper with sufficient stamp duty which is signed and made in duplicate with the same legal force and each is held by the FIRST PARTY and the SECOND PARTY. 

Thus this Agreement Letter is made and signed at (place) by both parties on the days (date in letters) (year in letters)]. 

FIRST PARTY SECOND PARTY     

WITNESS

Example of an unsecured loan

Accounts Payable Agreement Letter

On this day, Wednesday March 31, 2022, we the undersigned agree to make a Receivable Agreement Letter, namely:

Name: Doi

Age: 32 years old

Occupation: Private Servant

Address: Jln. Bandung West Java

Hereinafter referred to as the FIRST PARTY

Name: Mas

Age: 28 years old

Occupation: Civil Servant

Address: Baleendah Complex, Bandung. West Java

Hereinafter referred to as the SECOND PARTY

Through this agreement letter, both parties have agreed to the following provisions:

1. The FIRST PARTY has received Rp500.000.000 (500 million rupiah) from the SECOND PARTY where the money is a debt or loan.
2. The FIRST PARTY promises to repay the loan money to the SECOND PARTY with a grace period of 12 (twelve) months from the signing of this Agreement.
3. If in the future it turns out that the FIRST PARTY cannot pay the debt, then the SECOND PARTY has full rights to add interest.
4. The Agreement Letter is made and signed by both parties consciously and without pressure from any party at the place and time of signing this Agreement.
5. If a dispute arises in the future, we agree to resolve it legally.

Thus the Debt Agreement Letter on this seal is made before witnesses in a physically and mentally healthy condition to be used as a legal guide for each party.

FIRST PARTY SECOND PARTY

(Doi) (Mas)

Witnesses (two from the FIRST PARTY, two from the SECOND PARTY)

Name 1

Name 2

Example of a loan agreement letter on unsecured stamp duty

Accounts Payable Agreement Letter

On this day, Wednesday March 29, 2022, we the undersigned agree to make a Receivable Agreement Letter, namely:

Name: 

Age: 

Profession: 

Address: 

Hereinafter referred to as the FIRST PARTY

Name: 

Age: 

Profession: 

Address: 

Hereinafter referred to as the SECOND PARTY

Through this agreement letter, both parties have agreed to the following provisions:

1. The FIRST PARTY has received Rp500.000.000 (500 million rupiah) from the SECOND PARTY where the money is a debt or loan.
2. The FIRST PARTY promises to repay the loan money to the SECOND PARTY with a grace period of 12 (twelve) months from the signing of this Agreement.
3. If in the future it turns out that the FIRST PARTY cannot pay the debt, then the SECOND PARTY has full rights to add interest.
4. This Agreement is made in 2 (two) copies and each of them is sufficiently stamped and has the same legal force. Each letter is for the FIRST PARTY and the SECOND PARTY.
5. The Agreement Letter is made and signed by both parties consciously and without pressure from any party at the place and time of signing this Agreement.
6. If a dispute arises in the future, we agree to resolve it legally.

Thus the Debt Agreement Letter on this seal is made before witnesses in a physically and mentally healthy condition to be used as a legal guide for each party.

FIRST PARTY SECOND PARTY

(STEP) (STEP)

Witnesses (two from the FIRST PARTY, two from the SECOND PARTY)

Name 1

Name 2

Well, those are the components and examples of accounts payable agreement letters. For an example of a debt agreement in Islam or a company debt agreement, the contents are the same, only adjusted to the type of agreement that you will make.