Loan Repayment Agreement Template UK

The Loan Repayment Agreement Template UK is provided in multiple formats, including PDF, Word, and Google Docs, offering editable and printable versions for your convenience.

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Loan Repayment Agreement Template UK

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PDF – 1 PDF – 2

Loan Repayment Agreement Template UK

1. Borrower Information


2. Lender Information


3. Loan Details


4. Repayment Schedule

5. Purpose of Loan

6. Borrower Responsibilities

7. Lender Responsibilities

8. Default and Penalties

9. Amendments to Agreement

10. Governing Law and Jurisdiction

11. Signatures and Agreement

12. Declaration and Signatures



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WORD

Examples

Loan Repayment Agreement Template UK (1)
Between:
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
Introduction:
This Loan Repayment Agreement sets forth the terms and conditions under which the Borrower will repay the loan amount borrowed from the Lender, commencing on [Loan Start Date].
Clause 1: Loan Amount
The Borrower acknowledges receiving a loan of £[Loan Amount].
Clause 2: Interest Rate
The loan shall bear interest at the rate of [Interest Rate]% per annum, calculated annually.
Clause 3: Repayment Schedule
The Borrower agrees to repay the loan in [Number] installments of £[Installment Amount] each, due on [Payment Dates].
Clause 4: Late Payments
A late payment fee of £[Late Fee Amount] will apply if any installment is not received within [Grace Period] days of the due date.
Clause 5: Prepayment
The Borrower may prepay the loan in whole or in part without penalty. Any prepayment shall first be applied to accrued interest and then to the principal balance.
Clause 6: Default
In the event of default, the Lender may demand immediate repayment of the entire remaining balance, including accrued interest.
Clause 7: Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
Loan Repayment Agreement Template UK (2)
Between:
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
Introduction:
This Loan Repayment Agreement outlines the terms under which the Borrower shall repay the loan to the Lender, effective from [Loan Start Date].
Clause 1: Principal Amount
The total principal amount of the loan is £[Principal Amount], which has been duly received by the Borrower.
Clause 2: Interest Clauses
An interest rate of [Annual Interest Rate]% will be charged on the outstanding loan amount, calculated monthly.
Clause 3: Repayment Terms
The Borrower agrees to repay the total loan amount in [Number of Payments] equal installments of £[Installment Amount], with payments due on [Repayment Dates].
Clause 4: Consequences of Late Payment
If payment is not made on time, a late fee of £[Missing Payment Fee] will be charged for each missed installment.
Clause 5: Right to Demand Immediate Payment
In case of default, the Lender reserves the right to demand full payment of the remaining balance, including interest accrued until payment is received.
Clause 6: Representations and Warranties
The Borrower represents that all information provided is accurate and that they have the authority to enter into this Agreement.
Clause 7: Governing Law
This Agreement is governed by the laws of [Applicable Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]

Printable

PDF – 1 PDF – 2

Loan Repayment Agreement Template UK