Template For Loan Agreement

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Sample

Template For Loan Agreement

Printable | Editable Form




Loan Agreement Template (1)
Between:
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
Introduction:
This document serves to establish the terms and conditions of the loan provided by the Lender to the Borrower, effective from [Contract Start Date].
Clause 1: Loan Amount
The Lender agrees to loan the Borrower an amount totaling [Loan Amount].
Clause 2: Interest Rate
The loan shall bear an interest rate of [Interest Rate]% per annum, calculated on the outstanding balance.
Clause 3: Repayment Terms
The Borrower agrees to repay the principal amount along with accrued interest in the following installments: [Specify payment schedule].
Clause 4: Late Payment
Any late payment will incur a fee of [Late Fee Amount] and will be subject to additional interest charges at [Late Interest Rate]% per month.
Clause 5: Default Conditions
If the Borrower fails to meet the repayment obligations, the Lender has the right to initiate collection proceedings and demand immediate payment of the outstanding balance.
Clause 6: Governing Law
This agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
Loan Agreement Template (2)
Between:
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
Introduction:
This loan agreement outlines the specific terms for the loan agreed upon between the Lender and Borrower, commencing on [Contract Start Date].
Clause 1: Loan Purpose
The Borrower agrees to use the loan amount of [Loan Amount] solely for [Specify Purpose of Loan].
Clause 2: Payment Schedule
Payments will be made on a [Monthly/Quarterly] basis, starting on [First Payment Date], until the full amount is repaid.
Clause 3: Prepayment
The Borrower may prepay the loan in whole or in part without penalty, provided that prior notice is given to the Lender.
Clause 4: Security Interest
The Borrower grants the Lender a security interest in [Specify Collateral], pending repayment of the loan amount.
Clause 5: Dispute Resolution
Any disputes arising from this agreement shall be resolved through mediation before pursuing legal action in [Jurisdiction].
Clause 6: Final Provisions
This agreement may not be amended except in writing, and both parties agree to uphold the terms herein.
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]

Form

Please complete the form below to create the Loan Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Loan Agreement Template

1. Lender Information


2. Borrower Information


3. Loan Details


4. Loan Purpose

5. Repayment Terms

6. Collateral Information

7. Default and Remedies

8. Governing Law

9. Signatures and Acceptance

10. Declaration and Signatures




PDF


WORD

Printable

Template For Loan Agreement

Printable | Editable Form




Template For Loan Agreement