Loan Agreement Form - UK

LOAN AGREEMENT
THIS AGREEMENT is made on the [insert day] day of [insert month]
[insert year]
BETWEEN:
[Insert name and address of the organisation or individual lending the
money], ("the Lender")
AND
[Insert name and address of the organisation or individual borrowing the
money], ("the Borrower")
WHEREBY IT IS AGREED as follows:
1. Introduction
The Lender will make available to the Borrower the full sum of [insert
amount in words] Pounds, £ [insert in numbers] in the form of a loan on
the basis of the terms and conditions within this Loan Agreement.
2. Loan Repayment Date
The principal amount of the Loan together with all interest due under this
Agreement shall be repaid in full by the close of business on [insert full
date].
3. Loan Repayment Schedule
3.1 The first repayment shall be made by the Borrower to the Lender on
[insert date] and subsequent payments will be made [insert time period,
for example, monthly or quarterly].
3.2 The first repayment amount shall be of [insert amount in words]
Pounds, £ [insert in numbers].
3.3 Subsequent repayment amounts shall be for the same amount,
subject to changes in the base rate of [insert bank name] Bank plc.
3.4 Any changes in the base rate of [insert bank name] Bank plc will be
apportioned on a daily basis for the month in which the change occurs.
4. Early Repayment
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Loan Agreement Form - UK DOC

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