Loan Agreement
Date: Effective Date![]()
Parties:
Lender: Lender - Name![]()
Address: Lender - Address![]()
Email: Lender - Email Address![]()
Borrower: Borrower - Name![]()
Address: Borrower - Address![]()
Email: Borrower - Email Address![]()
Loan Amount
The Lender agrees to loan the Borrower the principal sum of Loan and Terms - Loan Amount![]()
Interest Rate
The Borrower will pay interest at the rate of Loan and Terms - Interest Rate per annum.
Repayment Terms
Repayment will be made in Loan and Terms - Number of Installments installments of Loan and Terms - Installment Amount each, due Loan and Terms - Installment Frequency starting on Loan and Terms - Installment Start Date.
Late Payment
Late payments will incur a fee of Loan and Terms - Late Fee Amount.
Prepayment
The Borrower may prepay the loan without penalty.
Security
The loan is secured by Loan and Terms - Description of Collateral.
Default
In the event of default, the Lender may demand immediate repayment of the outstanding balance.
Governing Law
This agreement shall be governed by the laws of Governing Law - State/Country.
Entire Agreement
This document represents the entire agreement between the parties and supersedes all prior discussions.
Signatures:
Lender Signature: ___________________________
Date: Effective Date![]()
Borrower Signature: _______________________
Date: Effective Date![]()