Ceylon Investment Bureau (Private) Limited

Loan Agreement
Membership No.
Loan Agreement

Rs…………………… Date-:……………………
………………………………………………… (Holder of National Identity Card

No: …………………….) of ……………………………………………….……

Hereinafter sometimes called and referred to as the “THE DEBTOR”

And

Ceylon Investment Bureau (Private) Limited a company under Company

Registration No. PV 00280801 and having its Registered Office at No.104/J,

Eksath Mawatha, Budugahagoda, Ganemulla

Hereinafter sometimes called and referred to as the “THE CREDITOR”

Together with their successors and assigns, executors and administrators agree

upon the terms and conditions of the agreement for Money Lending hereinafter set

out and contained.

1. The Debtor has agreed to obtain from the Creditor a sum of Rupees

……………………….………………………… (Rs………………………) for

the purpose of development of …………………………………… and the

Creditor agrees to provide the said Rupees …………………………………….

(Rs………………….) to the Debtor. The Debtor agrees to use such money only

for the purpose of ………………………………… As the Debtor has requested

for a loan of Rupees ……………………………………..

(Rs…………………..) in lawful money of Sri Lanka and has received the same

from the Creditor, the Debtor is estopped and has hereby abandoned such right

of later claiming that he did not receive such monies.

2. The Debtor agrees to pay the Creditor a semi-annual/ annual/ one year and six

months interest of ……………………………… per centum (…………%) on

 the loan amount obtained. However, the Debtor agrees that the aforesaid rate of

interest may vary pursuant to how the Creditor’s ordinary course of business is

conducted and/or on changes in interest rate as changed by Central Bank from

time to time.

3. The Debtor must pay and finish the said loan amount in …………….

instalments of Rupees …………………… daily/weekly/monthly to the

Creditor. However, it will be subject to the creditor's right to request a refund or

modification at the creditor's discretion.

4. If the Debtor fails to pay and finish such loan amount at the agreed date, the

Debtor agrees to pay an additional interest of …………….% as damages on

every installment delayed.

5. There is an agreement to handover unto the Creditor a promissory note signed

and dated as same as this agreement as a security to the loan amount obtained

containing a promise to pay unto the Creditor the loan amount and the relevant

interest as per this agreement and/or accordingly.

6. As such, the Creditor agrees that the Creditor has a right to recover the said loan

amount together with the relevant interest as per the terms and conditions of this

agreement and the aforementioned promissory note. Furthermore, the Debtor

agrees to pay and be released from the loan at once if the said loan amount

together with its interest of Rupees ………………………………. is requested

by the Creditor or its successors or permitted assigns even in the event where no

voucher or document has been presented on behalf of such monies.

7. Further the Guarantors hereby expressly abandons their right under the Sri

Lankan Law to request the Creditor to claim the loan amount from the Debtor

first and the right to request to initiate proceedings against the Debtor first.

8. Having read and clearly understood and with the intention of performing the

said conditions and promises mentioned in Sinhala and English languages in

this surety bond, we the Guarantors, whose names are mentioned herewith

together with our successors, executors, administrators and assigns set our

hands hereunto on this …………….. day of ………….., …………………..

1st Guarantor

Name :- ……………………………………………..

Address :- ……………………………………………..

Identity Card No. :- ……………………………………………..

2nd Guarantor

Name :- ……………………………………………..

Address :- ……………………………………………..

Identity Card No. :- ……………………………………………..

Witnesses:

1st Witness

Name :- ……………………………………………..

Address :- ……………………………………………..

Identity Card No. :- ……………………………………………..

2nd Witness

Name :- ……………………………………………..

Address :- ……………………………………………..

Identity Card No. :- ……………………………………………..

 Ceylon Investment Bureau (Private) Limited

Surety Bond

TO ALL TO WHOM THESE PRESENTS SHALL COME

Membership
No.

………………………………………………………. (Holder of National Identity

Card No: …………………….) of ………………………………………….
………………………………………………………. (Holder of National Identity
Card No: …………………….) of ………………………………………….
………………………………………………………. (Holder of National Identity
Card No: …………………….) of ………………………………………….
………………………………………………………. (Holder of National Identity
Card No: …………………….) of ………………………………………….
Hereinafter referred to as ‘THE GUARANTOR’

AND

Ceylon Investment Bureau (Private) Limited having its Registered Office at

No.104/J, Budugahagoda, Ganemulla

Hereinafter referred to as ‘THE BAILEE’

The obligations of the surety bond handed over to the Bailee on the

……………….. day of ……………………, ………………. made in both Sinhala

and English languages were read and explained as follows:

1. The Guarantor agrees that the aforementioned Debtor obtained a loan of Rupees

………………… (Rs………………………..) in lawful money of Sri Lanka on

terms and conditions of a Agreement for Money Lending under the number

mentioned above from the aforementioned Bailee, Ceylon Investment Bureau

(Private) Limited (hereinafter sometimes referred to as ‘the Creditor’) on an

Agreement for Money Lending entered into on ……………….. by

………………………………………………………. (Holder of National

Identity Card No: …………………….) of ……………………….

2. Accordingly, if ………………………….., the Debtor fails and/or neglects

and/or abducts to pay the entire loan amount together with interest thereon

and/or any arrears payments (including interest to be paid as damages) on the

terms and conditions of the Money Lending Agreement to Ceylon Investment

Bureau (Private) Limited, this surety bond binds all Guarantors jointly and

severally to pay the entire loan amount together with interest thereon and/or any

arrears payments (including interest to be paid as damages) as per the

Agreement for Money Lending.

3. The Guarantors further agree and state that they were aware that the Debtor has

signed a Loan Agreement with the Bailee on ………………………. at the time

of signing of this surety bond.

4. The Guarantors agree that the Bailee has a right to take legal action and file suit

as and against the Debtor and the Guarantors jointly and severally to recover the

said loan amount together with the relevant interest and any other charges.

5. Further the Guarantors by signing this surety bond agree and accept that in the

interpretation of the Loan Agreement, this Surety bond would be considered as

part and parcel of the said Loan Agreement.

6. The Guarantors agree that the Bailee has the right to file legal action requesting

payment as against the Debtor and Guarantors jointly or severally even without

first asking the said monies to be paid by the Debtor in an event where the

Debtor fails or neglects to pay the above mentioned loan amount and the

relevant interest.

7. Furthermore, both parties agree to and accept this promissory note given by the

Debtor as security for this loan agreement as part of this loan agreement. As
 such the Debtor agrees that if payments are neglected the Creditor can file a

summary matter on this promissory note.

8. The Debtor delegates the power to the Creditor to recover any installment

payments or other interests due under this agreement from the balance

maintained in the savings account bearing no……………. which the Debtor

maintains at the Creditor’s company. The Debtor hereby guarantees that the

authority so given by the Debtor to the Creditor shall be treated as a standing

order given by the Debtor to the said Savings Account.

9. When the installment payments as per the agreement cannot be recovered from

the Savings account or fixed deposit mentioned above or when there is no

sufficient balance to recover so or when the Debtor do not possess such savings

account or fixed deposit in the Creditor’s company, Debtor agrees that the

relevant installment payments will be made personally by the Debtor to the

Creditor on the due date.

Having read and clearly understood and with the intention of performing the said

conditions and promises mentioned in Sinhala and English languages in this loan

agreement, the two parties mentioned above together with their successors,

executors, administrators and assigns set their hands hereunto on this ……………..

day of ………….., …………………….

……………………………. ……..………………………..

Debtor Creditor

…………………………….

Official Seal
1st Guarantor

Name :- ……………………………………………..

Address :- ……………………………………………..

Identity Card No. :- ……………………………………………..

Signature :- ……………………………………………..

2nd Guarantor

Name :- ……………………………………………..

Address :- ……………………………………………..

Identity Card No. :- ……………………………………………..

Signature :- ……………………………………………..

Witnesses:

1st Witness

Name :- ……………………………………………..

Address :- ……………………………………………..

Identity Card No. :- ……………………………………………..

2nd Witness

Name :- ……………………………………………..

Address :- ……………………………………………..

Identity Card No. :- ……………………………………………..