Common Contracts
1 similar Personal Loan Agreement contracts
Personal loan agreement between friends pdfPersonal Loan Agreement • August 4th, 2023
Parents generally would only obtain this loan to minimize the amount of student debt on their child. Video Sample 1. THE PARTIES. This Loan Agreement (“Agreement”) made this [DATE] is between: Borrower: [BORROWER’S NAME] with a mailing address of [ADDRESS] (“Borrower”) and agrees to borrow money from: Lender: [LENDER’S NAME] with a mailing address of [ADDRESS] and agrees to lend money to the Borrower under the following terms: 2. LOAN AMOUNT. The total amount of money being borrowed from the Lender to the Borrower is $[AMOUNT] (“Borrowed Money”). 3. INTEREST RATE. The Borrowed Money shall: (check one) ☐ – Bear Interest. The Borrowed Money shall bear interest at a rate of [#]% compounded: (check one) ☐ – Annually ☐ – Monthly ☐ – Other: [OTHER] ☐ – NOT Bear Interest. There shall be no interest associated with the Borrowed Money. The Borrower’s only obligation to the Lender is to repay the principal balance. 4. TERM. The total amount of the Borrowed Money, including principal and interest
