Intra Family Loan Agreement Template

You can open the Intra Family Loan Agreement Template in multiple formats, including PDF, Word, and Google Docs.


Sample

Intra Family Loan Agreement Template

Printable | Editable Form




Intra Family Loan Agreement Template (1)
Between:
[Name of Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of Borrower]
[Borrower’s ID]
[Borrower’s Address]
Introduction:
This document formalizes the loan agreement between family members, established on [Contract Start Date], detailing the terms under which the Lender will provide financial assistance to the Borrower.
Clause 1: Loan Amount
The Lender agrees to loan the Borrower the amount of [Loan Amount] for the purpose of [Specify Purpose of the Loan].
Clause 2: Interest Rate
The Borrower agrees to pay the Lender an interest rate of [Interest Rate] per annum on the outstanding balance until the Loan is repaid in full.
Clause 3: Repayment Terms
The Borrower shall repay the Loan in [Number of Installments] installments of [Installment Amount] each, with payments due on [Payment Due Dates].
Clause 4: Prepayment
The Borrower may prepay the Loan in whole or in part at any time without penalty, provided that the Lender is notified [Specify Notice Period].
Clause 5: Default and Remedies
In the event of default, the Lender reserves the right to demand immediate payment of the total outstanding balance and any accrued interest.
Clause 6: Governing Law
This agreement will be governed by the laws of [Jurisdiction], and both parties submit to the jurisdiction of the courts of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
Intra Family Loan Agreement Template (2)
Between:
[Name of Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of Borrower]
[Borrower’s ID]
[Borrower’s Address]
Introduction:
This agreement sets forth the conditions under which the borrower acknowledges the receipt of funds from the lender as a loan to be repaid in accordance with the terms specified herein.
Clause 1: Loan Purpose
The loan is intended to be used for [Specify Purpose], and the Borrower agrees not to use the funds for any other purpose without prior written consent from the Lender.
Clause 2: Rate and Payment Schedule
The interest rate for the Loan will be [Interest Rate], and the Borrower will make payments according to the following schedule: [Specify Payment Schedule].
Clause 3: Security
This Loan is secured by [Specify any Collateral or Guarantees], which will revert to the Lender in the event of default.
Clause 4: Communication
All notices regarding this agreement will be sent to the respective addresses provided herein and will be deemed received upon delivery.
Clause 5: Modifications
Any modifications to this agreement must be made in writing and signed by both parties to be valid.
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]

Form

Please complete the form below to create the Intra Family 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.

Intra Family Loan Agreement Template

1. Lender Information


2. Borrower Information


3. Loan Details




4. Purpose of Loan

5. Repayment Terms

6. Late Payment Penalties

7. Default Conditions

8. Prepayment Option

9. Signatures and Acceptance

10. Declaration and Signatures




PDF


WORD

Printable

Intra Family Loan Agreement Template

Printable | Editable Form




Intra Family Loan Agreement Template