Loan Agreement (Lender to Borrower)
Legal Guide -
What is a loan agreement (lender to borrower) and do you need one?
A loan agreement (lender to borrower) is an agreement made between you and a borrower. As a lender, you can use this loan agreement when offering a loan to the borrower.
You should always have a loan agreement (lender to borrower) if:
- You are loaning a sufficient amount of money to a borrower;
- You are loaning to a borrower who you are not familiar with.
Other names for loan agreement (lender to borrower):
- Credit agreement;
- Money lending agreement.
What does the loan agreement (lender to borrower) cover?
- Loan amount;
- Repayments;
- Interests;
- Fees and charges;
- Expenses;
- Variations and waivers;
- Notices.
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