Finance & Investment
Personal Loan Agreement
Agreement for a personal loan between individuals or entities, with repayment terms and default provisions. Two signers (lender and borrower).
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# Personal Loan Agreement **Date:** ___________ This Loan Agreement ("Agreement") is entered into by and between: **Lender:** ___________ ("Lender") **Address:** ___________ **Borrower:** ___________ ("Borrower") **Address:** ___________ ## 1. Loan Amount The Lender agrees to loan to the Borrower the sum of **$___________** (the "Loan Amount" or "Principal"). **Disbursement Date:** ___________ **Disbursement Method:** ___________ ## 2. Interest **Interest Rate:** ___________ Interest shall be calculated on the outstanding principal balance using the ___________. **IMPORTANT:** The interest rate shall not exceed the maximum rate permitted by the laws of the governing state (usury laws). If the stated rate exceeds the legal maximum, the rate shall automatically be reduced to the maximum permissible rate and any excess interest collected shall be applied to reduce the outstanding principal balance. ## 3. Repayment Terms **Repayment Schedule:** ___________ **Monthly Payment Amount:** $___________ **First Payment Due Date:** ___________ **Maturity Date (all amounts due):** ___________
Fields (22)
agreement date
date · required
lender name
text · required
lender address
text · required
borrower name
text · required
borrower address
text · required
loan amount
text · required
disbursement date
date · required
disbursement method
select · required
interest rate
select · required
interest method
select · required
repayment schedule
select · required
monthly payment
text
first payment date
date · required
maturity date
date · required
payment method
select · required
grace period
select · required
late charge
select · required
collateral
select · required
collateral description
textarea
governing state
select · required
lender signer name
text · required
borrower signer name
text · required
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