Loan Agreement Form
Please fill out the form below to complete the agreement.
Borrower's Information
Lender's Information
Loan Information
Terms and Conditions
Parties and the Subject Of the Agreement
This Loan Agreement (referred as "Agreement" hereinafter) has been signed by and between the "Lender" First Name Last Nameresides in Street Address State/Province City Countryon Dateand enters into force on this date.
By concluding this Agreement, the Lender agrees and undertakes to loan Loan Amount to the Borrower and the Borrower agrees and undertakes to pay this amount back with the terms and conditions indicated below.
Payment Plan
Within the scope of this Agreement, the Borrower shall pay the total amount in equal installments over a total of Number of Months. The monthly payment is made on the Day of the Monthday of each month. The first payment will be on Dateand continue monthly until the last payment which is on Date.
Consequences of Failure to Pay
If the Borrower fails to pay in due date, twice in a row during the Agreement period, balance due becomes due and demandable without the need for an another notice. If the Borrower repudiates to make the payment, the Lender shall collect the balance due through the warranty specified in the section IV below.
For late payments, a daily default interest of Interestshall be applied.
Warranty
With the signing of this Agreement, the Borrower has to give a warranty by using at least one of the following methods in order to secure the debt;
The Lender accepts and undertakes that after the payment of all installments and the expiration of this Agreement, this warranty will become null and void.
Amendment
The Agreement shall be amended only by a written instrument which specifically refers to this Agreement and is executed by the Lender and Borrower. This Agreement shall not be deemed to be amended orally or by virtue of any continuing custom or practice.
Governing Law and Dispute Resolution
The execution, effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the formally published and publicly available laws of State.
Assignment
Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties hereto without the prior written consent of the other party. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of and be enforceable by the parties and their respective successors and assigns.
Notifications
Any notice, offer, approval, request, or other communication (collectively a "notice")required or permitted under this Agreement must be in writing and delivered to the addresses mentioned in this Agreement above.
Signatures
Borrower Lender
Name: Name:
Date: Date:
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