Loan contract template content
Loan amount
The amount of borrowing refers to the amount of currency borrowed. Any contract must have a quantity clause. A contract with only subject matter but no quantity cannot be performed. Without the quantity, the rights and obligations of the parties cannot be determined. Without the loan amount in the loan contract, the amount of the loan currency cannot be determined, and the basis for calculating the loan interest is lost. Therefore, without the loan amount clause, the loan contract cannot be established.
Borrowing interest rate
Interest rate refers to the ratio of borrowing interest to borrowing principal in a certain period of time. The level of interest rates is crucial to determining the rights and obligations of both parties to the loan, and a loan contract cannot be without an interest rate clause.
Loan term
The loan period refers to the loan period agreed in the contract by both the borrower and the lender in accordance with relevant regulations. The loan period shall be determined separately according to the type of loan, the nature of the loan and the purpose of the loan. In a loan contract, the loan period established by the parties must be specific, clear, and comprehensive to ensure the smooth performance of the loan contract.
Repayment method
Repayment method refers to the settlement method adopted by the borrower to return the loan to the lender. Borrowers can generally settle the loan at once or repay it in installments. If it is an installment payment, the specific time and amount should be clearly stated.
Things to note about loan contract template
If an actor uses an IOU issued in the name of the borrower to borrow money on his behalf, and the borrower does not acknowledge it and the actor cannot prove it, the actor shall bear civil liability. If the loan is used to live together as a couple, it will be repaid jointly by both spouses.
During the period of partnership operation, if an individual borrows money in the name of a partnership organization and uses it for partnership operation, it shall be repaid by the partners together; if the borrower cannot prove that the loan is used for partnership operation, it shall be repaid by the borrower.
If the mortgage for the loan involves real estate, you must go through the registration procedures with the relevant departments before you can fight against a third party.
If the debt document is notarized and enforceable, it can be directly applied to the court for compulsory execution without going through the court hearing.
You must claim your rights to the guarantor within 6 months after the expiration of the repayment period. If it expires, the guarantor will generally not bear the guarantee liability.
In order to extend the statute of limitations, you can use postal "Express Mail" to continuously send demand letters. The mail receipt must clearly indicate the content of the mail.
The editor recommends:
The loan contract template is a free template. You can get the source file by downloading it, which can be edited, modified and replaced by you. Huajun Software Park also providesService contract template,Steel structure contract templatedownload.
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