Legal Notice for Recovery of Loan (Friendly Loan) Format

[ON THE LETTERHEAD OF THE ADVOCATE]

By Registered Post A/D & Email

Date: [DD/MM/YYYY]

To,
[Full Name of Borrower]
[Complete Address]

Subject: Legal notice for repayment of loan of Rs. [Principal Amount] advanced on [DD/MM/YYYY], with interest.

Sir/Madam,

Under instructions from my client, [Lender Name], of [Lender Address], I serve upon you the following notice:

1. That at your request, my client advanced to you a loan of Rs. [Principal Amount] on [DD/MM/YYYY] by [bank transfer UTR no. ___ / cheque no. ___ / cash against your receipt dated ___] for [purpose stated by the borrower].

2. That you agreed to repay the loan [by DD/MM/YYYY / on demand / in instalments of Rs. ___] [with interest at ___% per annum], as recorded in [promissory note / loan agreement / messages dated ___].

3. That despite repeated requests on [dates / modes], you have repaid only Rs. [Amount Repaid] and a sum of Rs. [Outstanding Amount] remains due as on date.

4. That [on DD/MM/YYYY you acknowledged the outstanding amount in writing by ___].

I therefore call upon you to pay my client Rs. [Outstanding Amount] together with interest at [rate]% per annum from [DD/MM/YYYY] until payment, within fifteen (15) days of receipt of this notice, failing which my client shall file a suit for recovery, including a summary suit under Order XXXVII of the Code of Civil Procedure, 1908, and pursue such other remedies as are available in law, at your risk as to costs and consequences.

[Advocate Name]
[Enrolment No. / Contact]