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Loan Agreement

Loan Types
Parties
Terms
Miscellaneous
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Loan date and amount

When will the first lender loan the money?

How much is being loaned?

Loan amount:

$

Will interest be charged?

Yes No

The interest will be:

compounded

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Repayment Details

How will the money be repaid?

A Single Payment Regular Payment

When will the money need to be repaid?

By a specific date Upon notice to repay

Repayment date:

After notice is provided, the borrower has days to repay.

Will all payments be an equal amount?

Yes No, there will be a larger final payment

Will the payments go toward both the interest and original loan amount?

Yes No, payments will go toward interest only

Payment

How often will the borrower make payments?

Payments will be made:

Weekly Monthly Yearly

How much will the borrower pay?

$

First payment to happen:

Monthly after signing date Week after signing date Yearly after signing date One a specific date

Day for weekly payment:

What is the day of the monthly payment?

Payments will begin on February 5, 2025 and on February 5 of each following year.

What is the date of the first payment?

First payment date:

Number of payments

When will the loan be repaid?

Repayment date:

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Frequently Asked Questions

what is compound interest?

what is compound interest?

Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. ... The simple annual interest rate is the interest amount per period, multiplied by the number of periods per year.

What is a Repayment?

What is a Repayment?

Repayment is the act of paying back money previously borrowed from a lender. Repayment usually takes the form of periodic payments that normally include part principal plus interest in each payment.

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