Credit Agreement Template UK

The Credit Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, featuring editable and printable versions for your convenience.

Open – Template

Online – Template

Sample

Credit Agreement Template UK

Editable – Printable

PDF – 1 PDF – 2

Credit Agreement Template UK

1. Borrower Information


2. Lender Information


3. Loan Details


4. Purpose of the Loan

5. Repayment Schedule

6. Borrower Rights and Responsibilities

7. Lender Rights and Responsibilities

8. Default and Late Payment Terms

9. Governing Law and Jurisdiction

10. Termination Clauses

11. Signatures and Agreement

12. Declaration and Signatures



PDF

WORD

Examples

Credit Agreement Template UK (1)
Between:
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
And:
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
Introduction:
This agreement outlines the terms and conditions under which [Name of the Lender] agrees to extend credit to [Name of the Borrower], commencing on [Start Date], for a total amount of [Credit Amount].
Clause 1: Amount and Purpose of Credit
The Lender agrees to provide a credit facility of [Credit Amount] for the purpose of [Specify purpose, e.g., personal use, business financing, purchasing assets].
Clause 2: Interest Rate and Payment Terms
The Borrower agrees to pay interest on the outstanding balance at a rate of [Interest Rate]% per annum, with payments due on [Payment Schedule, e.g., monthly or quarterly].
Clause 3: Term
The term of the credit agreement shall be [Term Length, e.g., 12 months], commencing from the date of disbursement.
Clause 4: Default and Remedies
In the event of a default, the Lender may impose a penalty fee of [Specify Fee], and reserves the right to demand immediate payment of the outstanding balance.
Clause 5: Governing Law
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Borrower]
[Name of the Borrower]
[Signature of the Lender]
[Name of the Lender]
Credit Agreement Template UK (2)
Between:
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
And:
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
Introduction:
This agreement details the terms under which [Name of the Lender] will provide credit to [Name of the Borrower] effective from [Start Date], amounting to [Credit Amount], to support [Specify purpose, e.g., business expansion, project funding].
Clause 1: Credit Amount and Conditions
The total credit amount extended will be [Credit Amount], subject to the condition that [Specify any conditions, e.g., providing collateral, meeting credit score requirements].
Clause 2: Repayment Schedule
Repayment of the principal sum will commence on [First Payment Date] and will continue until fully paid, with installments of [Specify Amount] payable on [Payment Schedule].
Clause 3: Late Payment Charges
In case of late payments, a charge of [Late Fee]% of the overdue amount will be applied after [Grace Period Days] days of non-payment.
Clause 4: Representation and Warranties
The Borrower represents that all information provided to the Lender is true and complete, and that there are no ongoing legal proceedings that could affect repayment.
Clause 5: Jurisdiction
This agreement will be interpreted under and governed by the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Borrower]
[Name of the Borrower]
[Signature of the Lender]
[Name of the Lender]

Printable

PDF – 1 PDF – 2

Credit Agreement Template UK