The Credit Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, featuring editable and printable versions for your convenience.
Credit Agreement Template UK Editable – PrintableSample
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
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
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].
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].
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].
The term of the credit agreement shall be [Term Length, e.g., 12 months], commencing from the date of disbursement.
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.
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Borrower]
[Name of the Borrower]
[Signature of the Lender]
[Name of the Lender]
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
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].
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].
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].
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.
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.
This agreement will be interpreted under and governed by the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Borrower]
[Name of the Borrower]
[Signature of the Lender]
[Name of the Lender]
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