Money is a very serious issue for businesses and most of the time, almost all the problems have the root cause of money at some point. Therefore just to make sure that there are no confusions or misunderstandings from any side, when banks receive installments or payments against a loan they issued to a company or individual, they sign a document that states they have received the payment on time along with the name of the client and the date on which the payment was made. This document is known as the Loan Payment Receipt and usually it’s given to the client who made the payment. Banks and credit companies also make copies of the receipt and keep it for their own record but it’s usually not necessary most of the time and only one copy that is issued to the client is enough.
Here are freely available Loan Receipt Format and Templates read to download.
Here is download link for this Loan Payment Receipt Template,