Short Term Loan Agreement Template

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Short Term Loan Agreement Template

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Short Term Loan Agreement Template (1)
Between:
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
Introduction:
This Short Term Loan Agreement outlines the terms and conditions between the Lender and Borrower regarding a loan of [Loan Amount], to be repaid within [Repayment Period].
Clause 1: Loan Amount
The Lender agrees to lend the Borrower the sum of [Amount] for a period of [Duration] days.
Clause 2: Interest Rate
The loan will accrue interest at a rate of [Interest Rate]% per annum, calculated on the outstanding principal amount.
Clause 3: Repayment Terms
The Borrower shall repay the full amount of the loan plus any accrued interest on or before [Due Date].
Clause 4: Default
In the event the Borrower fails to repay the loan by the due date, a default fee of [Specify Default Fee] will be applied, and the full amount may be due immediately.
Clause 5: Governing Law
This agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
Short Term Loan Agreement Template (2)
Between:
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
Introduction:
This agreement serves to formalize the lending of [Loan Amount] by the Lender to the Borrower. The loan is due to be repaid by [Due Date].
Clause 1: Amount of Loan
The Borrower acknowledges that they have received a loan amounting to [Amount].
Clause 2: Interest Charges
The loan will bear interest at a rate of [Interest Rate]% per month on the principal balance.
Clause 3: Payment Schedule
The Borrower agrees to make repayment in full on [Payment Date], including interest.
Clause 4: Additional Fees
Should the Borrower default on this agreement, they will be responsible for additional costs, including legal fees incurred during collection.
Clause 5: Jurisdiction
This agreement shall be subject to the laws of [Location].
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]

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Please complete the form below to create the Short Term Loan Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Short Term Loan Agreement Template

1. Lender Information


2. Borrower Information


3. Agreement Details




4. Purpose of Loan

5. Repayment Terms

6. Prepayment Penalties

7. Default Provisions

8. Governing Law

9. Signatures and Acceptance

10. Declaration and Signatures



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Short Term Loan Agreement Template

Printable | Editable Form

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Short Term Loan Agreement Template