Loan Agreement Templates

Sometimes businessmen can’t meet his expenses. To fulfill this deficit, they borrow from another financial institution to meet the needs. A Loan Agreement is indenture between debtor and creditor or it is mutual promise between both parties.  This type of loans can be filed after completion of all the requirements of creditor. There are many types of Loan Agreements like, facilities agreements, revolvers agreements, or working capital loans. Prior to entering in such type of agreement, creditor will check the credit worthiness, cash flow, or any collateral against loan is very crucial. Lender will determine under what conditions, he will ready to advance credit.

Loan Agreement Guidelines

So, Loan Agreement, just like any other contract, reflect offer and their acceptance. Loan can be grant if the terms and conditions are lawful. Acceptance of Loan Agreement is important like the other agreements.  If the Loan Agreements offered by banks are different from the agreements offered by finance companies. In this situation banks receive banking carter and granted as a privilege and it involves public trust. You can see Loan Agreements are purely on written form, but it not enforceable by law that’s why, a Loan Agreement should not be in uttered form. The reason behind is that, agreements that are in oral form are difficult to enforce and there isn’t any evidence of these agreements. Loan Agreements are not categorized but, loan portfolios are often approximately characterized such as, personal and commercial loans. Industrial loans are that depends on the credit worthiness and its sales patron.

Importance of Loan Agreement

The Loans Agreement instigated by commercial banks, finance companies, or any other financial institution is not alike, and all have different purpose. Commercial or Saving banks allow loans that are for public reliance. Similarly, investment banks provide loans and cater the needs of investors. Security Exchange Commission supervise all the activities related to investment banking and correct, or proper disclosure are made or not.

Normally, there are two types of loans, bilateral loans, and syndicated loans. While categorizing Loan Agreements there are two categories. First one is term loan and it will be repaid in installments. Revolving loans includes maximum amount can be withdrawn any time, you have to pay per month interest on it. There are many sub categories of these loans like, interest-only loans and balloon payment loans. There are also subcategories whether the loan is secured or unsecured, whether the rate of interest is fixed or not.

Loan Agreement Format Guidelines

There are many contents of Loan Agreement. Terms of loans are different and vary in industries. The country to country terms are different. There should be mentioned the name if both parties in the agreement. Address of both parties are crucial and it should be mentioned on the Loan Agreement. If you mention the definitions or interruption provision hence it is very important. The purpose why you are allowing loan is very important to mention.  There must be mentioned the re-payment provisions, payment and cancellation provisions. There must be mentioned the interest procedure of interest payment. The name of borrower and lender should be mentioned clearly. If a party default than, terms and provisions of default should be mentioned. How to avoid default should also be mentioned.

If there is any provision or penalties for damages, it should be mentioned. There must be mentioned the language provisions and set-off default also.

Free Loan Agreement Templates

Here are several free Loan Agreement Templates & Samples to assist you in drafting your own loan agreement.

 

Download “Loan Agreement Template 01” loan-agreement-template-01.pdf – Downloaded 137 times – 66 KB

 

 

Download “Loan Agreement Template 02” loan-agreement-template-02.pdf – Downloaded 33 times – 109 KB

 

 

Download “Loan Agreement Template 03” loan-agreement-template-03.doc – Downloaded 40 times – 111 KB

 

 

Download “Loan Agreement Template 04” loan-agreement-template-04.pdf – Downloaded 33 times – 594 KB

 

 

Download “Loan Agreement Template 05” loan-agreement-template-05.pdf – Downloaded 35 times – 106 KB

 

 

Download “Loan Agreement Template 06” loan-agreement-template-06.docx – Downloaded 46 times – 13 KB

 

 

Download “Loan Agreement Template 07” loan-agreement-template-07.pdf – Downloaded 27 times – 68 KB

 

 

Download “Loan Agreement Template 08” loan-agreement-template-08.pdf – Downloaded 31 times – 106 KB

 

 

Download “Loan Agreement Template 09” Loan-Agreement-Template-09.doc – Downloaded 31 times – 335 KB

 

 

Download “Loan Agreement Template 10” Loan-Agreement-Template-10.doc – Downloaded 40 times – 100 KB

 

 


Download “Loan Agreement Template 11” Loan-Agreement-Template-11-.pdf – Downloaded 42 times – 6 KB

 

 

 


Download “Loan Agreement Template 12” Loan-Agreement-Template-12-.pdf – Downloaded 31 times – 52 KB

 

 

 


Download “Loan Agreement Template 13” Loan-Agreement-Template-13-.pdf – Downloaded 36 times – 39 KB

 

 

 


Download “Loan Agreement Template 14” Loan-Agreement-Template-14-.doc – Downloaded 29 times – 36 KB

 

 

 


Download “Loan Agreement Template 15” Loan-Agreement-Template-15-.docx – Downloaded 34 times – 21 KB

 

 

 


Download “Loan Agreement Template 16” Loan-Agreement-Template-16-.pdf – Downloaded 27 times – 28 KB

 

 

 


Download “Loan Agreement Template 17” loan-agreement-template-17.docx – Downloaded 38 times – 12 KB

 

 

 


Download “Loan Agreement Template 18” Loan-Agreement-Template-18-.pdf – Downloaded 32 times – 54 KB

 

 

 


Download “Loan Agreement Template 19” Loan-Agreement-Template-19-.docx – Downloaded 35 times – 290 KB

 

 

 


Download “Loan Agreement Template 20” Loan-Agreement-Template-20-.docx – Downloaded 26 times – 128 KB

 

 

 


Download “Loan Agreement Template 21” Loan-Agreement-Template-21-.docx – Downloaded 35 times – 14 KB

 

 

 


Download “Loan Agreement Template 22” Loan-Agreement-Template-22-.docx – Downloaded 28 times – 16 KB

 

 

 


Download “Loan Agreement Template 23” Loan-Agreement-Template-23-.docx – Downloaded 35 times – 20 KB

 

 

 

 


Download “Loan Agreement Template 24” Loan-Agreement-Template-24-.docx – Downloaded 39 times – 43 KB

 

 

 


Download “Loan Agreement Template 25” Loan-Agreement-Template-25-.docx – Downloaded 29 times – 20 KB

 

 

 

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