Common Contracts
1 similar Loan Contract Agreement contracts
Loan contract agreement templateLoan Contract Agreement • March 12th, 2022
The borrower will be held in accordance with the signed agreement with any penalties or judgments to be ruled against them if the funds are not paid back in full. It¢ÃÂÂs very unlikelyà Âthat youà Âwill obtain an adequateà Âmortgage for a house or a business loan online. Borrower ¢Ã The individual or company receiving money from the lender which will then have to pay back the money according to the terms in the loan agreement. It offers a fixed interest rate and flexible loan terms, however, this type of loan has a higher interest rate than a direct loan. Common Terms (Glossary) Acceleration ¢Ã A clause within a loan agreement that protects the lender by requiring the borrower to pay off the loan (both the principal and any accumulated interest) immediately if certain conditions occur. An individual or organization practicing predatory lending by charging high-interest rates (Known as a ¢ÃÂÂLoan Shark¢ÃÂÂ). No matter the case, the Borrower is still responsible for paying the princi
