You can open the Loan Agreement Template For Friends in multiple formats, including PDF, Word, and Google Docs.
Loan Agreement Template For Friends Printable | Editable FormSample
[Name of the Lender]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Name of the Borrower]
[Borrower’s Address]
[Borrower’s Phone]
This document serves to formalize the loan agreement between the Lender and the Borrower, effective as of [Date of Agreement], regarding the borrowing of funds for personal use.
The Lender agrees to loan the Borrower a sum of [Loan Amount].
The funds will be used for: [Specify purpose, e.g., purchasing a car, home renovation, etc.].
The Borrower agrees to repay the loan by [Repayment Date] in [Number of Payments] installments of [Amount per Installment].
The loan will bear an interest rate of [Interest Rate] per annum, calculated on the outstanding balance.
In the event of a late payment, the Borrower agrees to pay a late fee of [Late Fee Amount] for each missed payment.
The Borrower has the right to prepay the loan, in whole or in part, without penalty.
In case of default, the Lender may demand immediate payment of the remaining balance and any accrued interest.
This agreement will be governed by the laws of [Jurisdiction].
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
[Name of the Lender]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Name of the Borrower]
[Borrower’s Address]
[Borrower’s Phone]
This agreement outlines the terms under which the Lender agrees to loan a specified amount to the Borrower for personal use, beginning on [Date of Agreement].
The total amount of the loan is [Loan Amount].
The funds are to be used exclusively for: [Detail intended use].
The Borrower will repay the loan in [Number of Installments] installments, each amounting to [Amount per Installment], commencing on [First Payment Date].
An interest rate of [Interest Rate] will apply, accruing from the date of loan disbursement.
Should any payment be late, a fee of [Late Payment Fee] will be imposed.
The Borrower has the option to repay any part of the loan early without incurring any penalties.
If the Borrower defaults on the payments, the Lender has rights to demand the full balance and accrued interest immediately.
This contract shall be interpreted according to the laws of [Applicable Jurisdiction].
[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 Loan Agreement Template for Friends. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step. Loan Agreement Template for Friends 1. Lender Information 2. Borrower Information 3. Loan Details 4. Purpose of the Loan 5. Repayment Schedule 6. Interest Rate 7. Late Fees 8. Prepayment Options 9. Signatures and Acceptance 10. Declaration and Signatures
PDF
WORD
Loan Agreement Template For Friends Printable | Editable FormPrintable
