Legal Loan Agreement Template UK

The Legal Loan Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, featuring editable and printable options for your convenience.

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Legal Loan Agreement Template UK

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Legal Loan Agreement Template UK

1. Borrower Information


2. Lender Information


3. Loan Details



4. Purpose of Loan

5. Repayment Terms

6. Default and Late Payment Clauses

7. Security and Collateral

8. Governing Law

9. Amendments to Agreement

10. Signatures and Agreement

11. Declaration and Signatures



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WORD

Examples

Legal Loan Agreement Template UK (1)
Between:
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
And:
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
Introduction:
This Loan Agreement outlines the terms and conditions under which the Lender agrees to lend a sum of money to the Borrower, commencing on [Start Date].
Clause 1: Amount and Purpose of Loan
The Lender agrees to provide a total loan amount of [Loan Amount] to the Borrower for the purpose of [State Purpose of Loan].
Clause 2: Interest Rate and Repayment
The loan shall accrue interest at a rate of [Interest Rate]% per annum, and the Borrower agrees to repay the principal and interest in [Repayment Schedule, e.g., monthly installments].
Clause 3: Term of Loan
The term of this loan will extend for a period of [Loan Term, e.g., 12 months] from the date of disbursement of funds.
Clause 4: Security
The Borrower shall provide [Details of any security or collateral, if applicable] as security for the repayment of the loan.
Clause 5: Default
In the event of default, the Lender reserves the right to demand immediate repayment of the outstanding amount and may take legal action to recover any unpaid sums.
Clause 6: Governing Law
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Borrower]
[Name of the Borrower]
[Signature of the Lender]
[Name of the Lender]
Legal Loan Agreement Template UK (2)
Between:
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
And:
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
Introduction:
This Legal Loan Agreement establishes the terms under which the Lender provides a loan to the Borrower for the purpose of [State Purpose of Loan], effective from [Start Date].
Clause 1: Loan Amount and Use
The Lender will disburse a total of [Loan Amount] to the Borrower, which must be used exclusively for [Specific Use of Loan].
Clause 2: Interest Terms
The loan carries an interest rate of [Interest Rate]% per annum, payable alongside the principal amount according to the specified repayment schedule.
Clause 3: Duration of the Agreement
The duration of this loan shall be [Loan Term, e.g., 24 months], starting from the date of funds transfer.
Clause 4: Security and Guarantees
As collateral, the Borrower provides [Details of Collateral] to ensure repayment of the loan amount.
Clause 5: Breach of Agreement
Should the Borrower default on repayments, the Lender may enforce the security and/or take such legal actions to recover owed amounts.
Clause 6: Applicable Law
This agreement is subject to the laws of [Jurisdiction, e.g., England and Wales], and any disputes will be resolved therein.
Signed in [City], [Date].
Sincerely,
[Signature of the Borrower]
[Name of the Borrower]
[Signature of the Lender]
[Name of the Lender]

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PDF – 1 PDF – 2

Legal Loan Agreement Template UK