Start your research today and trust me, you will find one or the other lender who will be able to give you a loan without your co-borrower. Please note that having or not having a co-borrower for your loan is subject to the credit history of your co-borrower. If he has a good credit history, you would not mind getting him on-board for signing the loan agreement. Think twice if it is otherwise.
The agreement should clearly contain the pre-closure charges that are applied when the individual would like to close the loan before the time mentioned in the document. The other attribute that would calculate your EMI and the overall interest rate that is to be paid by you is the loan tenure.
To put it simply, a construction loan agreement is made to any individual, business or group who needs to raise funds for a major building project. It could be something as simple as a single family home or something as complex as a shopping mall. The agreement itself is fairly simple in terms of how complex it is.
The first thing that should be checked while signing the agreement is the interest rate as it may create stress on you while repaying the loan amount. With the current income level, you should be able to validate whether you can afford to repay the loan at the interest mentioned in the loan agreement.
simple loan agreement
short form loan agreement
loan agreement format