Please help me to prepare a loan agreement paragraph.
The situation is someone is taking loan from me, and he's giving nothing as security so I want to keep his signature Can I write -
I Shri Arjun Das hereby agreed that I took a loan amounting 30000 Rupees on 10/09/2021, and I intend to repay it within 3 months by paying it in 3 easy installments with interest.
Is that paragraph ok now below this paragraph I will take his signature.
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