|
Loan Agreement
This Loan Agreement is for a loan to a business
by another business or individual, although it may also be used
for a loan to an individual by another individual.
Interest is charged on the loan with the
interest being calculated at a monthly rate of one twelfth of a
nominated annual rate above the published annual base rate from
time to time of the Bank of England. Repayment of the loan and interest
is on a monthly basis. The agreement contains provisions allowing
for the increase or decrease in monthly payments in accordance with
the increase or decrease in the published annual base rate. The
agreement allows the borrower to repay the loan and interest within
a specified time but the borrower may repay the loan and interest
at any time by giving notice in writing to the lender or by paying
a specified number of months interest in lieu of notice.
The Word Template version of the agreement contains the facility to automatically calculate
the monthly interest and capital repayments and to recalculate loan repayments if there is a change in interest rate.
The document is suitable for us in England, Wales and Scotland and allows you to provide
details of:
- borrower
- lender
- amount of loan
- period of loan
- interest rate (relative to a nominated base rate)
- monthly repayments.
The price for this
document is £28.67 including VAT. You can view a sample document here.
How to order
Choose the appropriate format for your Loan Agreement:
Word Template (.dot) or Word Document (.doc) 
Related Clickdocs documents
| 
