A loan contract example is an example of an actual loan contract which is given to help readers understand what a loan contract actually looks like and what all details it must cover. Loan contracts are documents which are made by and between a borrower and a lender of a loan to mutually agree to certain clauses as per which both the parties shall function as long as the loan term is effective. Given below is a sample of a loan contract example which can be used for reference by any person.
Sample loan contract example:
This loan contract has been made effective as on the date: 5th April 2012
Termination date of contract: 5th Oct 2012
This contract has been formed between the LENDER and the BORROWER whose details are given as follows
Name: Mr. Fred Nicholson
Contact number: 47309433892
Official address: 4-u, parks lane, CA
Name: Mr. Peter Pettigrew
Official address: 3-p, Greg tower, CA
Contact number: 48734833982
Loan type: Money loan
Loan amount: $5000
Repayment date: 5th Oct 2012
Terms and conditions:
- The LENDER agrees to offer a loan of the above said amount to the BORROWER on the condition that the BORROWER must not delay the repayment after end of contract.
- The BORROWER must pay an additional amount of $500 in case of any late repayment or other case of non payment.
- The BORROWER must not use the loan money for any illegal activity or purchase.
Signatures of the parties: