I KC, s/o Mr. RC r/o have borrowed a sum of Rs. from Mr. SK s/o K r/o ... I hereby promise that the said sum shall be paid in twelve equal installments of Rs each by first week of each month. I further promise that interest at the rate of 18% per annum shall also be paid along with monthly installment.
AND I hereby agree that in case of my failure to pay the installment along with interest the whole amount shall become due at once.
Witnesses:

1. Name Signature of
Address. (KC)

1. Name..
Address.

Using this format

This is a reference draft reproduced for study and adaptation. Court rules, court fees and the correct forum vary with the facts and the value of the claim, so have the document checked and filed by an advocate. A defective application can be returned or dismissed even when the case itself is good.

Our Criminal Law team drafts and files these documents before the Calcutta High Court, city civil courts, magistrate, family and consumer courts in Kolkata. Our criminal defence team handles bail, trial and pre-trial applications in Kolkata courts.

Disclaimer: this page is a sample format reproduced for reference and study. It is not legal advice and does not create an advocate–client relationship.

Installment Bond: Draft & Format

Using this format

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