An affidavit is a written statement made under oath. This Loan Purpose Affidavit is made by a borrower stating that the proceeds of the loan will only be applied and used for a particular purpose. The borrower then states the purpose that the loan will be used for. This template document is intended to provide standard language and should be modified and customized to fit the needs of a party seeking to provide an affidavit as to the purpose of a loan. The signatory, the borrower stating the loan purpose, signs this document under the penalty of perjury.