Loan Purpose, Affidavit

The undersigned, having been duly sworn, hereby states under oath:

That the loan amount of $______ (________________________________ & ___/100 dollars), received on this __________ day of ______________, 20____, from:

________________________________
________________________________

will be used solely for the following purpose:

________________________________

and for no other use or intent.

This affidavit is made and sworn on this _____ day of ________, 20____, under penalty of perjury.

_______________________________
Notary Public

My Commission Expires on: _______________

How to Use This Sample Format

Purpose and Instructions

This section provides guidance for using the sample affidavit format above. Loan purpose affidavits are often required by lending institutions and regulatory bodies to clarify the intended use of loan proceeds. The stated purpose may affect interest rates, terms, or approval based on applicable governmental or financial regulations.

Execution and Recordkeeping

Make multiple copies of this completed and notarized affidavit.
– Provide one copy to the lending institution.
– Keep one copy in your records or transaction file.
– Ensure the affidavit is properly notarized as indicated in the section above.