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The Terms of Service

Criar personalizado Loan Agreement

This template was prepared by: Topstone Solicitors (London), Topstone Solicitors

Instruções

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
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THIS LOAN AGREEMENT (this "Agreement") dated
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The Lender is:
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:
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)?
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and
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Guarantor is
of
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Add business name
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Add next Guarantor
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Loan Amount.
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The Lender promises to loan
+ 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
interest payable on the unpaid principal at the rate of
percent (the "Interest Rate") per
calculated
advance.
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Purpose.
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The Borrower will use any amount borrowed under this Agreement
or for anyother purpose approved by the Lender.
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Drawdown.
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The Lender must pay the full amount of the Loan to the Borrower in one drawing by
in cleared funds
.
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Repayment.
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How will the Borrower repay the Loan?
The Loan will be repaid in full on
.
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The interest shall be paid
.
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Default.
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If the Borrower does not make a payment under this Agreement when due, interest on the unpaid amount will accrue
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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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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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
calculated
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?
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Security.
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The Loan is secured by
This Loan is secured by the
make:
, model:
, year:
, VIN:
(the "Security").
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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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Guarantee.
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Notice.
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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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To: Lender
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Individual Name:
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Phone:
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Email:
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To: Borrower
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Individual Name:
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Phone:
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Email:
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Force Majeure.
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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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Applicable Law.
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This Agreement shall be governed by and construed in accordance with the laws of Country of
.
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Pronouns; Statutory References.
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Interpretation.
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References to this agreement.
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Exhibits.
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Severability.
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Cooperation.
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Paragraph Headings.
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Counterparts.
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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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