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    Loan Agreement Template

    Uploaded by

    Siti Marlina Khalid

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Loan Agreement Template

    Uploaded by

    Siti Marlina Khalid
    9 views3 pages

    Original Title

    Loan Agreement Template(1)

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    9 views3 pages

    Loan Agreement Template

    Uploaded by

    Siti Marlina Khalid

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 3

    LOAN AGREEMENT

    This Loan Agreement (the “Agreement”) is entered into ____________________ (the

    “Effective Date”), by and between ________________________, with an address of

    _____________________________ (the “Lender”) and _________________, with an address

    of _______________________________, (the “Borrower”), collectively “the Parties.”

    TERMS OF REPAYMENT

    1. Loan Amount

    The Borrower agrees to repay $ _________ (“The Loan”)

    2. Interest Rate

    Both Parties agree upon an interest rate of __% that is to be accrued monthly.

    3. Term

    The Loan Term is of ___ years/months.

    4. Terms of Repayment

    The Borrower agrees to repay The Lender ___ amount on the ___ of every month.

    Principal Amount: $ _______

    Interest: $ _______

    APPLICATION OF REPAYMENT

    1. Late Fees

    The Borrower agrees to pay $_____ as late fees for each instalment that is left unpaid

    after a period of ______ after the Due Date (s) of the Loan Agreement. This late charge is

    to be paid as liquidated damages and not as a penalty.


    2. Prepayment

    In the event of early payment by The Borrower, they will not be penalized.

    3. Default

    If The Borrower defaults on the repayment of the loan, the principal and interest amount

    owed by The Borrower will be due immediately, without demand or notice.

    4. Collection Costs

    If any payment obligation is not honored by The Borrower, any costs that come under the

    collection process such as attorney fees, the Borrower promises to pay all the costs.

    5. Severability Of Provisions

    In the event, any provision of this Agreement is deemed invalid or unenforceable, in

    whole or in part, that part shall be severed from the remainder of the Agreement and all

    other provisions should continue in full force and effect as valid and enforceable.

    6. Legal and Binding Agreement

    This Agreement is legal and binding between the Parties as stated above. This

    Agreement may be entered into and is legal and binding both in the United States and

    throughout Europe. The Parties each represent that they have the authority to enter into

    this Agreement.

    7. Miscellaneous

    The payments made according to the terms of this agreement are to be made in the legal

    currency of _________. Both Parties represent that they are fully authorized to enter into

    this Agreement. Either Party will not violate or infringe upon the rights of any third-party

    or violate any other agreement between the Parties.

    8. Governing Law
    This Agreement shall be construed in accordance with the laws of the State of

    __________

    9. Entire Agreement

    The Parties acknowledge and agree that this Agreement represents the entire agreement

    between the Parties. In the event that the Parties desire to change, add, or otherwise

    modify any terms, they shall do so in writing to be signed by both parties.

    The Parties agree to the terms and conditions set forth above as demonstrated by their

    signatures as follows:

    “LENDER”

    Signed: _________________________________

    By: ________________________________________

    Date: _______________________________________

    “BORROWER”

    Signed: _____________________________________

    By: ________________________________________

    Date: ______________________________________

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