Short Term Loan Agreement Template UK

The Short Term Loan Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, featuring customizable and printable examples.

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Short Term Loan Agreement Template UK

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Short Term Loan Agreement Template UK

1. Borrower Information


2. Lender Information


3. Loan Details



4. Purpose of the Loan

5. Repayment Terms

6. Late Payment Penalties

7. Default Terms

8. Collateral

9. Section for Amendments

10. Governing Law

11. Signatures



PDF

WORD

Examples

Short Term Loan 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 agreement outlines the terms and conditions governing the short term loan extended by [Name of the Lender] to [Name of the Borrower], effective from [Start Date].
Clause 1: Loan Amount
The Lender agrees to loan the Borrower a total sum of [Loan Amount], which shall be disbursed on [Disbursement Date].
Clause 2: Interest Rate
The loan will bear an interest rate of [Interest Rate]% per annum, calculated on the outstanding balance.
Clause 3: Repayment Terms
The Borrower agrees to repay the total amount, including interest, by [Repayment Date]. Payments will be made in [weekly/monthly] installments of [Installment Amount].
Clause 4: Late Payment
In the event of late payment, the Borrower will incur a fee of [Late Fee Amount] and additional interest of [Late Interest Rate]% per month on the overdue amount.
Clause 5: Default
If the Borrower defaults on any payments, the Lender may demand immediate repayment of the entire outstanding amount and pursue legal avenues if necessary.
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 Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
Short Term Loan 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 agreement specifies the terms for a short term loan of [Loan Amount], provided by [Name of the Lender] to [Name of the Borrower], effective from [Start Date].
Clause 1: Purpose of Loan
The borrower’s intent for this loan is [Specify Purpose, e.g., personal expenses, business funding].
Clause 2: Total Repayment Amount
The total repayment amount, including principal and interest, will be [Total Repayment Amount].
Clause 3: Payment Schedule
The repayment shall be made in [Number of Installments] installments as outlined: [Installment Schedule].
Clause 4: Collateral
To secure this loan, the Borrower agrees to provide the following collateral: [Description of Collateral].
Clause 5: Prepayment
The Borrower may prepay the loan in full or in part at any time without incurring any prepayment penalty.
Clause 6: Dispute Resolution
Any disputes arising in relation to this agreement will be handled through mediation prior to pursuing any legal action.
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]

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PDF – 1 PDF – 2

Short Term Loan Agreement Template UK