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The Terms of Service

Create a Customized Loan Agreement

Dit sjabloon is voorbereid door: Topstone Solicitors (London), Topstone Solicitors

Instructies

Your loan may be governed by the Consumer Credit Act 1974 as amended. Make sure that your loan complies with the Consumer Credit Act. In general, if the Lender provides a loan as part of the Lender’s course of business, such loan will be propably governed by the Consumer Credit Act.

Loan Agreement

The amount of money should be provided as
Classic Loan
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THIS LOAN AGREEMENT (this "Agreement") dated
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The Lender is:
Individual or sole trader
The Lender makes funds available to the Borrower.
The Lender makes funds available to the Borrower.
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of
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Add business name
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Add next Lender
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The Borrower is:
Individual or sole trader
The Borrower is a person or legal entity that has received a monetary loan from the Lender.
The Borrower is a person or legal entity that has received a monetary loan from the Lender.
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of
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Add business name
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Add next Borrower
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Do you want to add guarantor(s)?
Yes
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and
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Guarantor is
Individual or sole trader
of
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Add business name
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Add next Guarantor
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1
Loan Amount.
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1.1
The Lender promises to loan
£
CZK
£
USD
€
RUB
$
TRY
CHF
PLN
HUF
RSD
$
PKR
INR
SGD
RON
KZT
BGN
UAH
COP
CNY
JPY
DOP
HNL
BDT
KHR
IDR
LAK
MMK
PHP
VND
AOA
XOF
BWP
BIF
MXN
NZD
SEK
BYN
DKK
CNY
RMB
HKD
GTQ
KRW
NIO
CRC
PAB
VES
PEN
BOB
BRL
PYG
CLP
ARS
UYU
BHD
+ In Words (the "Loan") to the Borrower on the terms and subject to the conditions of this Agreement and the Borrower promises to repay the Loan to the Lender
with
with
without
interest payable on the unpaid principal at the rate of
percent (the "Interest Rate") per
annum
annum
month
calculated
yearly
yearly
monthly
every 6 months
quarterly
not in
not in
in
advance.
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2
Purpose.
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2.1
The Borrower will use any amount borrowed under this Agreement
solely for following purpose:
solely for following purpose:
for any purpose
or for anyother purpose approved by the Lender.
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3
Drawdown.
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3.1
The Lender must pay the full amount of the Loan to the Borrower in one drawing by
in cleared funds
into the nominated account
into the nominated account
in cash
.
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4
Repayment.
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How will the Borrower repay the Loan?
Lump-sum at the end of the term
4.1
The Loan will be repaid in full on
.
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4.2
The interest shall be paid
together with repayment of the Loan
together with repayment of the Loan
at the of end of every month
at the of end of every year
.
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5
Default.
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5.1
If the Borrower does not make a payment under this Agreement when due, interest on the unpaid amount will accrue
daily
daily
weekly
monthly
at a rate of
% above the Interest Rate from the date of non-payment to the date of actual payment. Interest accrued under this paragraph will be payable at any time on demand.
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5.2
Notwithstanding anything to the contrary in this Agreement, if the Borrower defaults in the performance of any obligation under this Agreement more than
day(s), than the Lender may declare the principal amount owing and interest due under this Agreement at that time to be immediately due and payable.
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5.3
Further, if the Lender declares the principal amount owing under this Agreement to be immediately due and payable, and the Borrower fails to provide full payment, interest at the rate of
% per
day
day
month
annum
calculated
monthly
monthly
quarterly
every 6 months
yearly
in
in
not in
advance, will be charged on the outstanding amount, commencing the day the principal amount is declared due and payable, until full payment is received by the Lender.
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Will this Agreement be secured by any collateral?
Yes
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6
Security.
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The Loan is secured by
Motor Vehicle
6.1
This Loan is secured by the
car
car
motorcycle
commercial vehicle
truck
trailer
bus
make:
, model:
, year:
, VIN:
(the "Security").
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6.2
This Loan is secured by the bank saving of the Borrower.
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Owner's name:
.
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Bank name:
.
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Bank address:
.
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Bank sortcode:
.
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Account number:
.
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7
Guarantee.
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8
Notice.
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8.1
All notices to other communications shall be deemed given upon personal delivery to the appropriate address, or if sent by certified or registered mail,
days after the date of mailing to the following:
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8.2
To: Lender
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Individual Name:
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Address: Is the above mentioned address
Address: Is the above mentioned address
Address:
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Phone:
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Email:
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8.3
To: Borrower
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Individual Name:
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Address: Is the above mentioned address
Address: Is the above mentioned address
Address:
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Phone:
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Email:
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9
Force Majeure.
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9.1
Notwithstanding the preceding, in the event such Force Majeure continues for a period of
consecutive months, either party shall have the right, but not the obligation, to serve a written notice on the other terminating this Agreement in full and each shall have no further obligation whatsoever to the other save that Company shall continue to be obliged to make payments of monies due hereunder but not paid at the date of termination.
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10
Applicable Law.
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10.1
This Agreement shall be governed by and construed in accordance with the laws of Country of
England
England
Northern Ireland
Scotland
Wales
.
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11
Pronouns; Statutory References.
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12
Interpretation.
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13
References to this agreement.
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14
Exhibits.
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15
Severability.
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16
Cooperation.
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17
Paragraph Headings.
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18
Counterparts.
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19
Entire Agreement.
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SIGNED, SEALED AND DELIVERED
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Add witness
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SIGNED, SEALED AND DELIVERED
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Add witness
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SIGNED, SEALED AND DELIVERED
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Add Guarantor's witness
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Topstone Solicitors (London) | Topstone Solicitors
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