I, ________________ Son of ___________ age years, occupation -__, resident of ____ ________ do hereby execute this Bond of Guarantee in your favour.
1. That my friend, Shri _______ Son of Shri _________ age ____ years, occupation - ________, resident of ______has approached you for granting him a loan of Rs. ______/- for the construction of his house.
2. That the said friend of mine, Shri ________ Son of Shri _________ has agreed and undertaken to make the repayment of the loan together with interest @ __________ % p.a.
3. That I also do hereby agree and undertake that if the said Shri __________ fails to make the repayment, I shall pay the said debt.
4. I also hereby undertake that in case the said Shri __________ fails to refund the amount due to you from him, you are at liberty to recover the same from him or me or both through the court of law at my or our costs.
IN WITNESS WHERE OF, I have executed this bond with my free will and signed here under at this__day of_________
(Full Name to be mentioned)