The Draft Loan Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, and comes with editable and printable samples for your convenience.
Draft Loan Agreement Template UK Editable – PrintableSample
Draft Loan Agreement Template UK 1. Borrower Information 2. Lender Information 3. Loan Details 4. Purpose of the Loan 5. Repayment Schedule 6. Prepayment Terms 7. Default Conditions 8. Governing Law 9. Amendment and Waiver 10. Signatures and Agreement 11. Declaration and Signatures
PDF
WORD
Examples
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
This agreement outlines the terms under which the Lender will loan a specific amount to the Borrower, starting on [Start Date], to ensure clarity and understanding between both parties.
The Lender agrees to lend the Borrower the sum of [Amount] (£) (the “Loan Amount”).
The interest on the Loan Amount will be charged at a rate of [Interest Rate]% per annum, calculated from the date of disbursement until the Loan Amount is repaid in full.
The Borrower agrees to repay the Loan Amount in full on or before [Repayment Date], with repayments to be made in [Number] installments of [Installment Amount] (£).
If any payment is not received by the due date, the Borrower will incur a late fee of [Late Fee Amount] (£) and interest will accrue at [Late Payment Interest Rate]% per annum on the overdue amount until paid.
Clause 5: Security for Loan
To secure the Loan Amount, the Borrower agrees to provide [Description of Collateral or Guarantees, if applicable].
In the event of default, where the Borrower fails to make any payment under this Agreement when due, the Lender may take legal action to recover the outstanding amount, including any applicable fees and costs.
This Agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
This Agreement regulates the terms of the loan provided by the Lender to the Borrower, effective from [Start Date], ensuring both parties understand their rights and obligations.
The total amount of the loan is [Amount] (£), which the Borrower agrees to accept under the terms stated herein.
The Borrower agrees to repay the Loan Amount with interest at a rate of [Interest Rate]% per annum, over a period of [Loan Term] months.
If the Borrower defaults on any payment, the Lender reserves the right to demand immediate repayment of the entire outstanding balance, plus accrued interest and fees.
This Agreement may only be amended in writing, signed by both parties, recognizing any changes in loan terms or conditions.
Any notice required or permitted to be given under this Agreement shall be in writing and delivered by hand, sent by post, or via email to the addresses listed above.
This agreement constitutes the entire agreement between the parties and supersedes all prior discussions or agreements.
This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
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