PRIVATE LOAN AGREEMENT TEMPLATE

PRIVATE LOAN AGREEMENT TEMPLATE

SIMPLE FREE PRIVATE LOAN LETTER SAMPLE EXAMPLE OF LOAN AGREEMENT PERSON TO PERSON

A private loan agreement template is by definition a document which includes the terms and conditions which are agreed between a lender and borrower using a common letter sample.

A private loan letter sample is dedicated to cover all the details of a finance agreement between creditor and debtor in order to avoid any future litigation and conflict between both parties.

A loan agreement sample or template constitutes an example of a contract covering the interests of the lender and borrower on an equal manner and aim to avoid any potential misunderstanding which can happen when it comes to money transactions.

A person to person sample letter for a loan shall be kept in a simple wording specifying the relevant data such as: loan amount, interest rate, repayment schedule and potentially any required security or collateral.

PERSONAL LOAN AGREEMENT SAMPLE

This loan agreement is made and will be effective on (DATE)

BETWEEN

(NAME OF BORROWER) hereinafter referred to as the “Borrower” with the following address:

(ADRESSE)

AND

(NAME OF LENDER) hereinafter referred to as the “Lender” with the following address:

TERMS AND CONDITIONS OF THE PRIVATE LOAN

Promise to Pay:

Within (NUMBER OF MONTHS) months from today, Borrower promises to pay the Lender (AMOUNT OF THE LOAN) (CURRENCY) and interest as well as other charges avowed below.

Liability:

Although more than one person may sign this agreement below, each of the undersigned understands that they are each as individuals responsible and jointly and severally liable for paying back the full amount.

Details of Loan Agreed Between Borrower and Lender:

Amount of Loan: (AMOUNT)

Finance fees: (AMOUNT)

Total of payments: (AMOUNT)

ANNUAL PERCENTAGE INTEREST RATE (PERCENTAGE) %

Repayment of Loan:

Borrower will pay back in the following manner: Borrower will repay the amount of this note in (NUMBER OF INSTALMENTS) equal continuous monthly installments of (AMOUNT) each on the (DAY) day of each month preliminary on the (DATE), and ending on (DATE).

Prepayment of Loan:

The borrower is given the right to pay back the whole or partly amount at any time, the lender will refund the unearned finance charge.

Late payment penalty

Any payment not remunerated within (NUMBER OF DAYS) days of its due date shall be subject to a belatedly charge of (PERCENTAGE) % of the payment.

Security/Collateral:

The borrower gives as a security (DESCRIPTION OF THE VALUE)

Failure to pay:

If for any reason the borrower fails to proceed with any payment on time, the Lender can then order instant payment of the entire remaining unpaid balance of this loan without giving anyone further notice.

Dated (DATE)

1. LENDER

(SIGNATURE OF LENDER)-------------------------

(FULL NAME OF LENDER)--------------------------

2. BORROWER

(SIGNATURE OF BORROWER)-------------------------

(FULL NAME OF BORROWER)--------------------------

3. AS WITNESSES:

(SIGNATURE OF WITNESS)-------------------------

(FULL NAME OF WIRNESS)--------------------------

CAR LOAN    PERSONAL LOAN    WITHOUT COLLATERAL   PAYDAY LOAN    PAY OFF CREDIT CARD    DEBT CONSOLIDATION    FOR ENTREPRENEUR    FOR STUDENT    WITH NO JOB   AGAINST PROPERTY    AGAINST CAR    AGREEMENT TEMPLATE   PRIVATE MORTGAGE    WITH BAD CREDIT    WITHOUT CREDIT CHECK   WITHOUT BANK    FOR SENIOR CITIZEN    WITHOUT GUARANTEE    PRIVATE SCHOOL LOAN    FOR STARTUP    FOR FARMER    LOAN SCAM    WITHOUT INTEREST    PRIVATE MICROCREDIT    CASH DONATION    IMMEDIATE LOAN    HALAL PRIVATE LOAN    UNIVERSAL CREDIT   LOW INCOME    SSI RECIPIENT    FOR POOR PEOPLE    FOR DISABLED    FOR LATINO    FOR WOMEN    FOR HOUSEWIFE    WITHOUT DOCUMENT    FOR TRADER   WITHOUT SSN   PIGGYBACK LOAN    FOR MASTER'S DEGREE    FOR TAXI   WITH IBV   FOR DOWN PAYMENT    LIST OF PRIVATE LENDERS   FOR DIVORCE   NO UPFRONT FEE   WORLDWIDE LENDER   UNITED STATES    CANADA    AUSTRALIA   NEW-ZEALAND    UNITED-KINGDOM    INDIA   SOUTH-AFRICA    CHINA    PHILIPPINES   MEXICO    IRELAND    ISRAEL   DUBAI    PAKISTAN    FRANCE   SWITZERLAND    GERMANY    NETHERLANDS   NORWAY    SWEDEN    DENMARK   FINLAND    LATVIA    GREECE   KENYA    NIGERIA    THAILAND   SPAIN    ITALY    BRAZIL    RUSSIA    ISRAEL   EGYPT    CALIFORNIA   NEW YORK    COVID-19