Loading...
This Namma page is loading for display...
Namma's vision is to make lending and borrowing between family and friends easy and less awkward. By providing with the tools to formalize, legalize and track these monetary exchanges, borrowing can happen more frequently and everyone can feel more supported throughout the process.
It is a written contract, that lists out the terms of a loan between two parties. It specifies the borrower lender transaction with terms & expectations listed out and signed by both parties as a binding contract.
Besides clarifying expectations for the two parties involved, these can be used as evidence in cases of default for legal use cases, and taxation.
Details to identify the parties, signatures, terms of the transaction and legal clauses that specify what to do in case of default and what laws apply.
Our loan agreement is auto-generated in a printable pdf form, based on your filled out terms, with the required clauses, to serve as a contract and promissory note.
Loan terms are outlined as per your agreed-upon loan request:
Repayment terms are listed as per your agreed-upon loan request:
The clause that defines what happens in case of a default:
Governing law state; the lender’s state is used for this clause:
Early repayment is not penalized:
Our agreement is legally binding:
Lastly, we have flexibility for you to add in an additional loan clause.
Type in 1,000 characters of anything you want in your agreement on the loan terms page, in addition to the above clauses. We will add it under the “Additional Loan Clause(s)” section of your loan agreement. You can do this when you are specifying your other terms.
Auto generated as a pdf, when your existing loan in progress is changed
Document a change to your previously generated loan's terms - repayment date, months of payback, amount, interest rate.
Electronic signatures on digital documents, including loan agreements, are legally recognized and enforceable in courts worldwide. This global acceptance ensures your digitally signed loan agreement has the same legal standing as traditional paper contracts.
Electronic signatures are legally valid and upheld in courts across major jurisdictions:
Namma's electronic signature process meets the key legal requirements for validity:
Courts worldwide consistently uphold electronically signed agreements when they meet legal standards. Key factors that strengthen enforceability include:
Electronic signatures are widely accepted across industries including banking, real estate, healthcare, and legal services. Major financial institutions, government agencies, and Fortune 500 companies rely on e-signatures for binding agreements worth billions of dollars annually.
Important Note: While electronic signatures are broadly recognized, specific requirements may vary by jurisdiction and transaction type. For complex financial agreements or specific legal questions, consider consulting with a qualified attorney in your jurisdiction.
