Common Contracts
1 similar Loan Contract Agreement contracts
Loan contract agreement templateLoan Contract Agreement • May 14th, 2021
Each referred to as a “Party” and collectively as the “Parties”.This Loan Agreement, hereinafter referred to as “Agreement”, is entered into and made effectiveupon signature by both Parties. WHEREAS, the Lender agrees to lend to the Borrower [Insert Loan amount] and the Borrower owes the Lender [Insert Loan amount] (the "Loan") with interest on the unpaid Loan at the rate of [Insert rate of interest denoting a percentage] per annum, on [Insert date of which loan is being signed]; andWHEREAS, the Borrower and the Lender desire to enter into an agreement whereby the Borrower shall pay the Lender the sum of the Loan and interest on a payment plan according to the terms and conditions herein:NOW, THEREFORE, in consideration of the mutual covenants and promises made by the parties hereto, the Borrower and the Lender covenant and agree as follows:1. Loan Amount. The Parties agree the Lender will loan the Borrower [Insert Loan amount].2. Loan Acknowledgement: The Borrower agrees and acknowled
