A Loan Affidavit is a sworn legal statement in which an individual declares that the information provided in support of a loan application is true and accurate.
After signing before a Commissioner for Oaths or Notary Public, the affidavit becomes a legally recognized document.
Download Loan Affidavit Template
Our template has been professionally prepared using a standard legal format commonly accepted in Kenya.
The template includes:
- Professional affidavit layout.
- Standard legal wording.
- Fillable blank spaces.
- Microsoft Word (.docx) format.
- Easy to edit and print.
- Suitable for personal and business use.
Simply download the template, enter your information, print it, and have it commissioned before submitting it to the lender if required.
When Is a Loan Affidavit Required?
A lender may request a Loan Affidavit in various situations, including:
- Personal loan applications.
- Bank loan applications.
- SACCO loan applications.
- Business financing applications.
- Microfinance loan applications.
- Employer loan schemes.
- Private lending agreements.
- Government or institutional funding applications.
The affidavit provides additional assurance that the information supplied by the applicant is truthful.
Information Required to Complete the Template
Before filling in the affidavit, gather the following information:
- Full name.
- National ID or passport number.
- Postal address.
- County of residence.
- Name of the lender.
- Loan amount.
- Purpose of the loan.
- Date of signing.
- Signature.
Ensure all details are accurate and consistent with the documents submitted with your loan application.
How to Fill Out the Loan Affidavit
Completing the template is straightforward.
- Enter your personal information.
- Provide the lender’s name.
- State the loan amount.
- Explain the purpose of the loan.
- Read the declaration carefully.
- Sign the affidavit before a Commissioner for Oaths or Notary Public.
- Attach the affidavit to your loan application if requested.
Never sign the affidavit before meeting the Commissioner for Oaths.
Frequently Asked Questions
What is the purpose of a Loan Affidavit?
A Loan Affidavit confirms that the information provided in support of a loan application is truthful and complete. It may also demonstrate the applicant’s acknowledgment of the loan and repayment obligations.
Is a Loan Affidavit legally binding?
Yes. Once sworn before a Commissioner for Oaths or Notary Public, the affidavit becomes a legal document. Making false statements in an affidavit may have legal consequences.
Is a Loan Affidavit always required?
Not always. Requirements vary depending on the lender and the type of loan. Some financial institutions request affidavits as part of their verification process, while others may not.
Can I edit the template?
Yes. The template is fully editable in Microsoft Word, allowing you to replace the sample information with your own details before printing.
Can businesses use this template?
Yes. The template can be adapted for business loans, commercial financing, and other lending arrangements where a sworn declaration is required.
Download Your Loan Affidavit Template Today
Preparing a Loan Affidavit does not have to be difficult. Download our professionally designed Loan Affidavit Template today and customize it in minutes.
It is suitable for personal loans, SACCO loans, business financing, bank applications, and other lending situations where a sworn declaration may be required. Save time, present a professional document, and complete your loan paperwork with confidence.
Related Templates:
Affidavit for Loss of Passport
Affidavit of Names Discrepancy
