LOAN AGREEMENT

This Loan Agreement ("Agreement") is made and entered into on [Date] (the "Effective Date").

PARTIES

Lender: [Lender Full Name/Company Name]

Address: [Street Address], [City], [State/Province], [Postal Code], [Country]

Email: [Lender Email] | Phone: [Lender Phone]

Tax ID/SSN: [Lender Tax ID]

(hereinafter referred to as the "Lender")

Borrower: [Borrower Full Name]

Address: [Street Address], [City], [State/Province], [Postal Code], [Country]

Email: [Borrower Email] | Phone: [Borrower Phone]

Tax ID/SSN: [Borrower Tax ID]

(hereinafter referred to as the "Borrower")

The Lender and Borrower may be referred to individually as a "Party" and collectively as the "Parties."

The Parties agree to the following terms and conditions:

ARTICLE 1: LOAN AMOUNT AND DISBURSEMENT

1.1 Principal Amount: The Lender agrees to loan to the Borrower the principal sum of [Currency Symbol] [Loan Amount in Numbers] ([Loan Amount in Words]) (the "Principal" or "Loan Amount").

1.2 Disbursement: The Loan Amount shall be disbursed to the Borrower as follows:

- Method: [Bank Transfer / Check / Cash / Other]

- Date of Disbursement: [Disbursement Date]

- Account Details (if applicable): [Bank Name, Account Number]

1.3 Purpose of Loan: The Borrower shall use the Loan Amount for the following purpose: [Purpose of Loan].

ARTICLE 2: INTEREST RATE

2.1 Interest Rate: The Borrower shall pay interest on the outstanding Principal at a rate of [Interest Rate]% per annum ([Fixed / Variable] rate).

2.2 Interest Calculation: Interest shall be calculated using the [Simple Interest / Compound Interest] method, compounded [Monthly / Quarterly / Annually / N/A].

2.3 Interest-Free Loan: [Check if applicable: ☐ This is an interest-free loan. No interest shall accrue on the Principal.]

ARTICLE 3: REPAYMENT TERMS

3.1 Repayment Schedule: The Borrower shall repay the Loan Amount plus accrued interest as follows:

Option A - Lump Sum Payment:

The entire Loan Amount plus accrued interest shall be paid in full on [Maturity Date] (the "Maturity Date").

Option B - Installment Payments:

- Payment Amount: [Currency Symbol] [Payment Amount] per installment

- Payment Frequency: [Weekly / Bi-weekly / Monthly / Quarterly]

- Number of Payments: [Number of Payments]

- First Payment Date: [First Payment Date]

- Final Payment Date: [Final Payment Date]

3.2 Payment Method: Payments shall be made by [Bank Transfer / Check / Cash / Auto-debit / Other] to the following:

[Lender's Bank Name, Account Number, or Payment Address]

3.3 Application of Payments: Payments shall be applied first to accrued interest, then to the Principal.

ARTICLE 4: PREPAYMENT

4.1 Right to Prepay: The Borrower may prepay the Loan in whole or in part at any time without penalty.

4.2 Prepayment Penalty (if applicable): [State any prepayment penalty or mark N/A: [Prepayment Penalty Terms or N/A]]

4.3 Interest Adjustment: Upon prepayment, interest shall be recalculated based on the actual time the Principal was outstanding.

ARTICLE 5: LATE PAYMENTS AND DEFAULT

5.1 Late Payment Fee: If any payment is not received within [Grace Period in Days] days of the due date, the Borrower shall pay a late fee of [Late Fee Amount or Percentage].

5.2 Default Interest Rate: Upon default, the interest rate shall increase to [Default Interest Rate]% per annum until the default is cured.

5.3 Events of Default: The following shall constitute an event of default:

a) Failure to make any payment when due and such failure continues for [Number of Days] days;

b) Bankruptcy, insolvency, or similar proceedings involving the Borrower;

c) Material breach of any term or condition of this Agreement;

d) Providing false or misleading information to the Lender.

5.4 Remedies Upon Default: Upon the occurrence of an event of default, the Lender may:

a) Declare the entire outstanding Principal and accrued interest immediately due and payable;

b) Exercise any rights with respect to collateral (if applicable);

c) Pursue any legal or equitable remedies available;

d) Recover all costs of collection, including reasonable attorney's fees.

ARTICLE 6: COLLATERAL AND SECURITY

6.1 Secured Loan: [Check if applicable: ☐ This is a secured loan.]

6.2 Collateral Description: The Borrower pledges the following collateral as security for this Loan:

[Detailed description of collateral, including make, model, serial number, location, estimated value, etc.]

6.3 Borrower's Obligations: The Borrower agrees to:

a) Maintain the collateral in good condition;

b) Maintain adequate insurance on the collateral with the Lender as loss payee;

c) Not sell, transfer, or encumber the collateral without the Lender's written consent;

d) Allow the Lender to inspect the collateral upon reasonable notice.

6.4 Lender's Rights: Upon default, the Lender shall have the right to take possession of and sell the collateral in accordance with applicable law.

6.5 Unsecured Loan: [Check if applicable: ☐ This is an unsecured loan. No collateral is pledged.]

ARTICLE 7: GUARANTOR (IF APPLICABLE)

7.1 Guarantor: [Check if applicable: ☐ This Loan is guaranteed by a third party.]

Guarantor Name: [Guarantor Full Name]

Address: [Guarantor Address]

Contact: [Guarantor Email and Phone]

7.2 Guarantee Terms: The Guarantor unconditionally guarantees the full and timely payment of all amounts due under this Agreement. The Guarantor's liability is [Primary / Secondary] and [Limited to $ [Amount] / Unlimited].

ARTICLE 8: REPRESENTATIONS AND WARRANTIES

8.1 Borrower's Representations: The Borrower represents and warrants that:

a) The Borrower has full legal capacity to enter into this Agreement;

b) This Agreement constitutes a valid and binding obligation;

c) The Borrower is not subject to any legal restriction preventing performance;

d) All information provided to the Lender is true, accurate, and complete.

8.2 Lender's Representations: The Lender represents and warrants that:

a) The Lender has full legal capacity to enter into this Agreement;

b) The Lender has the financial capacity to make the Loan.

ARTICLE 9: COVENANTS

9.1 Affirmative Covenants: The Borrower agrees to:

a) Maintain accurate financial records;

b) Provide financial statements upon Lender's request;

c) Notify the Lender of any material adverse changes in financial condition;

d) Comply with all applicable laws and regulations.

9.2 Negative Covenants: Without the Lender's prior written consent, the Borrower shall not:

a) Incur additional debt that would impair the ability to repay this Loan;

b) Dispose of assets that would materially affect the ability to repay;

c) Change the nature of the Borrower's business (if applicable).

ARTICLE 10: GENERAL PROVISIONS

10.1 Governing Law: This Agreement shall be governed by and construed in accordance with the laws of [State/Province/Country], without regard to its conflict of law provisions.

10.2 Jurisdiction: Any disputes arising from this Agreement shall be subject to the exclusive jurisdiction of the courts located in [City/County, State/Province].

10.3 Amendment: This Agreement may be amended only by a written instrument signed by both Parties.

10.4 Assignment: The Borrower may not assign or transfer any rights or obligations under this Agreement without the Lender's prior written consent. The Lender may assign this Agreement without the Borrower's consent.

10.5 Notices: All notices under this Agreement shall be in writing and delivered to the addresses specified above or such other addresses as may be designated by written notice.

10.6 Severability: If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

10.7 Waiver: No waiver of any provision of this Agreement shall be effective unless in writing and signed by the waiving Party. No waiver shall constitute a continuing waiver.

10.8 Entire Agreement: This Agreement constitutes the entire agreement between the Parties and supersedes all prior negotiations, representations, or agreements, whether written or oral.

10.9 Counterparts: This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.

10.10 Costs and Expenses: Each Party shall bear its own costs and expenses incurred in connection with this Agreement. The Borrower shall be responsible for all costs of collection, including reasonable attorney's fees, in the event of default.

ARTICLE 11: ACKNOWLEDGMENT AND ACCEPTANCE

The Parties acknowledge that they have read, understood, and agree to be bound by all terms and conditions of this Loan Agreement.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

LENDER: