Friend Loan Agreement Template

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Friend Loan Agreement Template

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Friend Loan Agreement Template (1)
Between:
[Name of the Lender]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of the Borrower]
[Borrower’s Address]
Introduction:
This agreement is made on [Date] to outline the terms and conditions under which the Lender will loan a specified amount to the Borrower, with the intention of establishing clear expectations and responsibilities.
Clause 1: Loan Amount
The Lender agrees to loan the Borrower the sum of [Loan Amount] (the “Loan”).
Clause 2: Purpose of Loan
The Loan is intended for [Specify Purpose].
Clause 3: Interest Rate
The Loan shall bear an interest rate of [Interest Rate]% per annum, calculated on the remaining balance.
Clause 4: Term of Loan
The Loan will commence on [Start Date] and is expected to be fully repaid by [End Date].
Clause 5: Repayment Schedule
The Borrower agrees to repay the Loan in installments of [Amount] on the following schedule: [Specify Payment Dates].
Clause 6: Prepayment
The Borrower may prepay the Loan in whole or in part without penalty.
Clause 7: Default
In the event of default, including failure to make any payment when due, the Lender may declare the entire balance immediately due and payable.
Clause 8: 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]
Friend Loan Agreement Template (2)
Between:
[Name of the Lender]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of the Borrower]
[Borrower’s Address]
Introduction:
This agreement outlines the terms of the financial assistance provided by the Lender to the Borrower regarding the Loan amount agreed upon as of [Date].
Clause 1: Loan Amount
The total amount loaned to the Borrower shall be [Loan Amount].
Clause 2: Intended Use
The Loan is to be used specifically for [Specify Use], as discussed prior to this agreement.
Clause 3: Interest Terms
The Loan shall accrue interest at a rate of [Interest Rate]% per annum, effective from the date of disbursement.
Clause 4: Duration of the Loan
The Borrower agrees to repay the Loan by [Repayment Deadline], with an expected term of [Term Duration].
Clause 5: Payment Plan
Repayments will be made in [Specify Number] installments of [Amount], due on [Payment Dates].
Clause 6: Early Payment
The Borrower has the option to repay the Loan early without incurring any fees or penalties.
Clause 7: Conditions of Default
Should the Borrower fail to make any scheduled payment, the Lender retains the right to demand full repayment immediately.
Clause 8: Applicable Law
This agreement is subject to the laws of [Applicable Jurisdiction].
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 Friend 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.

Friend Loan Agreement Template

1. Lender Information


2. Borrower Information


3. Loan Details



4. Repayment Schedule

5. Purpose of the Loan

6. Late Payment Terms

7. Default Conditions

8. Amendments

9. Signatures and Acceptance

10. Declaration and Signatures



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Friend Loan Agreement Template

Printable | Editable Form

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Friend Loan Agreement Template