A loan contract form is a form of a loan contract which is formed in the case when two parties agree to sign a certain number of terms and conditions as per which one party offers a loan or agrees to provide a loan to the other party. These contract forms consist of legally enforceable clauses which must be agreed upon by both the involved parties. Loan contract forms are formal documents which help the parties to have a record of payment details etc. Given below is a sample of one such loan contract form which can be used by any person.

Sample loan contract form:

 

Effective date of contract: 10th june 2012

Termination date of contract: 10th june 2013

Effective period of loan: 12 months

This loan contract has been formed by and between two parties LENDER which agrees to offer a loan amount to the other party which is the BORROWER.

The details of both the parties are mentioned as follows:

LENDER Details:

Name: Mr. Gregory Ponting

Official address: 45-f, fisher club road, CA

Phone number: 492442409820

BORROWER Details:

Name: Mr. Peter Henry

Official address: R-78 Jackson street, CA

Phone number: 537094793043

The LENDER agrees to lend an amount of $5000 to the BORROWER for a term of 12 months.

Terms and conditions:

  • The LENDER agrees to loan the amount on the condition that the BORROWER shall repay the entire amount at the end of the contract.
  • The BORROWER must be able to pay an additional amount of $200 in case of any delay in repayment.

 

Signatures of the parties:

Gregory Ponting

Peter Henry

 

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