Private Money Loan Agreement Template

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Private Money Loan Agreement Template

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Private Money 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 agreement outlines the terms and conditions for a loan provided by the Lender to the Borrower, commencing on [Loan Start Date].
Clause 1: Loan Amount
The Lender agrees to loan the Borrower the sum of [Loan Amount].
Clause 2: Interest Rate
The Borrower shall pay interest on the loan at a rate of [Interest Rate]% per annum, calculated annually.
Clause 3: Repayment Terms
The Borrower agrees to repay the loan in installments of [Amount] on or before [Repayment Due Date].
Clause 4: Late Payment Fees
In the event of late payment, the Borrower agrees to pay a late fee of [Late Fee Amount].
Clause 5: Default
If the Borrower defaults on the loan, the Lender may demand immediate repayment of the outstanding balance.
Clause 6: Governing Law
This agreement shall be governed by 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]
Private Money 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 document formalizes a loan made by the Lender to the Borrower, effective from [Loan Start Date], detailing all relevant terms.
Clause 1: Principal Amount
The Lender provides the Borrower a principal amount of [Principal Amount].
Clause 2: Loan Purpose
The Borrower agrees to use the loan solely for [Specify Purpose of the Loan].
Clause 3: Payment Schedule
The Borrower shall repay the loan amount as follows: [Specify Repayment Schedule].
Clause 4: Prepayment
The Borrower has the right to prepay the loan without penalty, provided notice is given [Specify Notice Period].
Clause 5: Collateral
The loan is secured by [Describe Collateral, if applicable].
Clause 6: Legal Fees
The Borrower agrees to cover any legal fees incurred due to enforcement of this agreement.
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]

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Please complete the form below to create the Private Money 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.

Private Money Loan Agreement Template

1. Lender Information


2. Borrower Information


3. Loan Amount

4. Interest Rate

5. Loan Term

6. Payment Schedule

7. Purpose of Loan

8. Collateral Description

9. Default Terms

10. Governing Law

11. Signatures and Acceptance

12. Declaration and Signatures



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Private Money Loan Agreement Template

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Private Money Loan Agreement Template