LOAN AGREEMENT

This Loan Agreement (the "Agreement") is entered into on [DATE], by and between:

LENDER: [Full Legal Name] [Address] [City, State, Zip Code]

and

BORROWER: [Full Legal Name] [Address] [City, State, Zip Code]

(collectively referred to as the "Parties").

LOAN DETAILS:

1. Loan Amount:

• The Lender agrees to loan the Borrower the principal amount of [Loan Amount] (the
"Loan").
2. Interest Rate:

• The Loan shall accrue interest at the rate of [Interest Rate]% per annum, calculated
[monthly, annually, etc.].
3. Repayment Terms:

• The Borrower agrees to repay the Loan in [number of installments] equal payments
of [amount] each, beginning on [start date] and continuing on a [monthly, quarterly,
etc.] basis until the Loan is fully repaid.
4. Prepayment:

• The Borrower may prepay the Loan, in whole or in part, at any time without penalty.

SECURITY:

[Specify any collateral or security interest, if applicable]

DEFAULT:

1. If the Borrower fails to make a payment when due, the Loan shall be considered in default.

2. In the event of default, the Lender may [specify remedies, such as acceleration of the
remaining balance, collection costs, etc.].

GOVERNING LAW:

This Agreement shall be governed by and construed in accordance with the laws of [state or
jurisdiction].

NOTICES:
Any notices required or permitted under this Agreement shall be in writing and delivered to the
addresses listed at the beginning of this Agreement.

IN WITNESS WHEREOF, the Parties hereto have executed this Loan Agreement as of the
Effective Date.

LENDER:

[Signature] [Printed Name] [Date]

BORROWER:

[Signature] [Printed Name] [Date]

Customize this template according to your specific loan arrangement, and it's advisable to seek
legal advice to ensure compliance with relevant laws and regulations.