Free Simple Loan Agreement Template
Simple Loan Agreement
This Loan Agreement ("Agreement") is made and entered into as of the [Date] by and between:
Parties
Lender: [Lender's Full Name] Address: [Lender's Address] Contact Information: [Lender's Email/Phone]
Borrower: [Your Company Name] Address: [Your Company Address] Contact Information: [Your Company Number]
Loan Details
Loan Amount
The Lender agrees to lend the Borrower the sum of [Loan Amount] (the "Loan"), subject to the terms and conditions outlined in this Agreement.
Interest Rate
The Loan will bear an interest rate of [Interest Rate]% per annum, calculated on the outstanding balance.
Repayment Terms
The Borrower agrees to repay the Loan in [Number of Installments] installments of [Installment Amount] each, due on the [Installment Due Date] of each month, commencing on [First Payment Date]. The final payment is due on [Final Payment Date].
Prepayment
The Borrower may prepay the Loan in whole or in part at any time without penalty.
Events of Default
If the Borrower fails to make any payment when due under this Agreement, or if the Borrower becomes insolvent or bankrupt, the entire outstanding principal and any accrued interest will become immediately due and payable at the Lender's discretion.
Governing Law
This Agreement shall be governed by and construed by the laws of the [State/Country], without regard to its conflict of laws principles.
Amendments
No amendment or modification of this Agreement shall be valid unless it is in writing and signed by both parties.
Entire Agreement
This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral.
Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Loan Agreement as of the date first above written.
[Your Name]
[Your Company Name]
[Date]
John Doe
[Date]
