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Documents and Forms Other Files  Simple Loan Agreement

Simple Loan Agreement (Other Files)

PLDZ-75

Tags:simple loan agreement, loan agreement, financial documents, Documents and Forms, Other Files

About this item:

This Simple Loan Agreement is suitable for uncomplicated circumstances where a loan is being made to an individual by another individual, although it may also be used for a loan to a business by another business or individual.

The agreement has the option to apply interest to the loan and if interest is to be charged, it is calculated at a monthly rate of one twelfth of a nominated annual rate. There are no provisions allowing an increase or decrease in payments in accordance with an increase or decrease in a published annual base rate. Repayment of the loan may be either on a monthly basis or on demand.

The document is suitable for us in England, Wales and Scotland and allows you to provide details of:

  • borrower

  • lender

  • amount of loan

  • period of loan

  • interest rate

  • monthly repayments.

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