Loan Agreement Alternative

Sample
LOAN AGREEMENT
This Loan Agreement ("Agreement") is made and entered into on this ____ day of
______, 20 (the "Effective Date"), by and between:
Lender:
Name: [Lender's Full Name]
Address: [Lender's Address]
Contact Number: [Lender's Phone Number]
Email: [Lender's Email Address]
Borrower:
Name: [Borrower's Full Name]
Address: [Borrower's Address]
Contact Number: [Borrower's Phone Number]
Email: [Borrower's Email Address]
Collectively referred to as the "Parties."

1. LOAN AMOUNT
1.1 Principal Amount: The Lender agrees to lend the Borrower the sum of [Loan
Amount in Words and Figures] (PHP [Loan Amount in Numbers]).

2. INTEREST RATE
2.1 Interest Rate: The Borrower shall repay the loan with an interest rate of [Interest
Rate] per annum.

3. LOAN TERM
3.1 Loan Term: The Loan shall be repaid in full within [Loan Term] months from the
Effective Date of this Agreement.

Loan Agreement Alternative Sample 1

 4. REPAYMENT
4.1 Repayment Schedule: The Borrower shall make repayments according to the
following schedule:

[List Repayment Dates and Amounts]

4.2 Prepayment: The Borrower has the right to prepay the outstanding loan amount at
any time without incurring any penalties.

5. DEFAULT
5.1 Default: If the Borrower fails to make a repayment as specified in Section 4, the
Borrower shall be in default, and the full outstanding balance of the loan, including
accrued interest, shall become immediately due and payable.

6. GOVERNING LAW
6.1 Governing Law: This Agreement shall be governed by and construed in
accordance with the laws of the Republic of the Philippines.

Loan Agreement Alternative Sample 2