Loans documents are legally binding agreements between a lender and a borrower that outline the terms and conditions of the loan. These documents typically include the loan agreement, promissory note, security agreement, and other related documents. The loan agreement outlines the amount of the loan, the interest rate, repayment terms, and other important details. The promissory note is a written promise from the borrower to repay the loan. The security agreement outlines the collateral that the borrower must provide to secure the loan. Other documents may include a disclosure statement, a credit report, and a loan application.
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