The Private Loan Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, featuring both editable and printable versions to suit your needs.
Private Loan Agreement Template UK Editable – PrintableSample
Private Loan Agreement Template UK 1. Lender Information 2. Borrower Information 3. Loan Details 4. Purpose of the Loan 5. Payment Schedule 6. Late Payment Penalties 7. Prepayment Conditions 8. Default Terms 9. Governing Law 10. Signatures and Agreement 11. Declaration and Signatures
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WORD
Examples
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
This agreement outlines the terms and conditions of the private loan provided by [Name of the Lender] to [Name of the Borrower], effective from [Start Date].
The Lender agrees to lend the Borrower the total amount of £[Loan Amount] for personal use.
The Borrower agrees to pay the Lender an interest rate of [Interest Rate]% per annum on the outstanding loan amount.
The Borrower shall repay the loan in [Number of Installments] installments of £[Installment Amount] each, commencing on [First Payment Date] and continuing every [Payment Frequency, e.g., month or week].
The Borrower may prepay the loan in full or in part without penalty, provided that the Lender is notified [Notice Period] in advance.
In the event of default, the Lender may demand full repayment of the outstanding loan balance and any accrued interest within [Default Notice Period] days of notice.
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Borrower]
[Name of the Borrower]
[Signature of the Lender]
[Name of the Lender]
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
This agreement formalizes the loan agreement in which the Lender provides a loan to the Borrower under the conditions stated herein, starting on [Start Date].
The total amount of the loan shall be £[Loan Amount] to be used for [Purpose of Loan].
The Borrower agrees to pay an effective interest rate of [Interest Rate]% per annum and acknowledges a processing fee of £[Processing Fee].
The repayment of the loan shall occur in [Number of Payments] monthly installments of £[Payment Amount], starting on [Start Date] and concluding on [End Date].
If the Borrower fails to make a payment by the due date, a late fee of £[Late Fee] will be charged.
The Lender reserves the right to seize any collateral described in this agreement if the Borrower defaults on payment.
Any amendments to this agreement must be made in writing and signed by both parties.
[Signature of the Borrower]
[Name of the Borrower]
[Signature of the Lender]
[Name of the Lender]
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