The Contract Template For Lending Money To A Friend UK is available in various formats, including PDF, Word, and Google Docs, featuring editable and printable samples for your convenience.
Contract Template For Lending Money To A Friend UK Editable – PrintableSample
Contract Template For Lending Money To A Friend UK 1. Lender Information 2. Borrower Information 3. Loan Details 4. Purpose of the Loan 5. Repayment Schedule 6. Consequences of Non-Payment 7. Collateral (if any) 8. Amendments to the Agreement 9. Governing Law 10. Signatures and Agreement 11. Declaration and Signatures
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WORD
Examples
[Lender’s Name]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Borrower’s Name]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
This agreement outlines the terms and conditions under which [Lender’s Name] lends money to [Borrower’s Name], commencing on [Start Date].
The Lender agrees to lend the Borrower a total amount of [Amount] GBP.
The loan is intended for [Specify purpose, e.g., personal expenses, home improvements, etc.].
The loan shall incur an interest rate of [Interest Rate, e.g., 5%] per annum, calculated on the outstanding balance.
The Borrower agrees to repay the loan in full by [Repayment Due Date], with the following payment schedule: [Detail payment plan, e.g., monthly payments of £X].
The Borrower may repay the loan early without penalty, provided written notice is given to the Lender at least [Notice Period, e.g., 7 days] prior to the repayment.
Should the Borrower fail to make payments as outlined, the Lender reserves the right to initiate recovery proceedings for the full amount owed.
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Lender]
[Lender’s Name]
[Signature of the Borrower]
[Borrower’s Name]
[Lender’s Name]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Borrower’s Name]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
This document serves as a formal agreement for the loan of [Amount] GBP from [Lender’s Name] to [Borrower’s Name], beginning on [Start Date] and focusing on the responsibilities of both parties.
The principal amount lent will be [Amount] GBP, which is to be used for [Specify purpose, e.g., educational expenses, car purchase, etc.].
The Loan shall be for a term of [Duration, e.g., 6 months, 1 year], after which the full loan amount plus interest will be due.
Interest will accrue on the principal at a rate of [Interest Rate] per annum, to be calculated monthly.
Payments shall be made via [Specify payment method, e.g., bank transfer, cash, etc.], with detailed records maintained by both parties.
In the event of non-payment, the Lender may charge a penalty of [Specify penalty, e.g., late fee] and may pursue legal action if necessary.
Any amendments to this agreement must be made in writing and signed by both parties.
Both parties agree that any legal notices related to this agreement shall be delivered to the respective addresses stated above.
[Signature of the Lender]
[Lender’s Name]
[Signature of the Borrower]
[Borrower’s Name]
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