Payment Plan Agreement Template – Australia

The Payment Plan Agreement Template – Australia is offered in multiple formats, including PDF, Word, and Google Docs. These formats are designed to be both customizable and print-ready, ensuring they suit your requirements seamlessly.


Sample

Payment Plan Agreement Template – Australia

Editable | Printable



1. Parties Involved



2. Purpose of the Agreement

3. Payment Amount

4. Payment Schedule

5. Late Payment Terms

6. Method of Payment

7. Conditions for Purchase

8. Dispute Resolution

9. Governing Law

10. Signatures and Acceptance




PDF


WORD

Examples


Payment Plan Agreement Template – Australia (1)
Between:
[Borrower’s Name]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
And:
[Lender’s Name]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
Introduction:
This Payment Plan Agreement (“Agreement”) outlines the terms under which [Borrower’s Name] agrees to repay a loan amount of [Loan Amount] to [Lender’s Name], starting on [Start Date].
Clause 1: Payment Terms
The Borrower agrees to repay the loan in [Number of Payments] equal installments of [Payment Amount], due on the [Due Date] of each month.
Clause 2: Interest Rate
The loan shall bear an interest rate of [Interest Rate]% per annum, calculated on the outstanding balance.
Clause 3: Late Payment
If a payment is not received within [Grace Period] days of the due date, a late fee of [Late Fee Amount] will apply.
Clause 4: Early Repayment
The Borrower may repay the loan in full or in part at any time without penalty, with interest calculated only up to the date of repayment.
Clause 5: Governing Law
This Agreement shall be governed by the laws of Australia.
Signed in [City], [Date].
Sincerely,
[Borrower’s Signature]
[Borrower’s Name]
[Lender’s Signature]
[Lender’s Name]
Payment Plan Agreement Template – Australia (2)
Between:
[Borrower’s Name]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
And:
[Lender’s Name]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
Introduction:
This Agreement establishes the payment obligations of the Borrower towards [Lender’s Name] concerning a loan amounting to [Loan Amount], effective from [Start Date].
Clause 1: Repayment Schedule
The Borrower agrees to make payments in [Number of Payments] installments of [Payment Amount] on the [Due Date] of each month until the loan is fully repaid.
Clause 2: Interest and Fees
An interest rate of [Interest Rate]% will apply to the outstanding balance, with any additional fees detailed in [Fee Schedule].
Clause 3: Default Clause
In the event of default, the Lender may demand immediate repayment of the remaining balance or pursue legal action.
Clause 4: Modification of Agreement
Any amendments to this Agreement must be made in writing and signed by both parties.
Clause 5: Governing Law
This Agreement shall be governed by Australian law and any disputes will be resolved in accordance with these laws.
Signed in [City], [Date].
Sincerely,
[Borrower’s Signature]
[Borrower’s Name]
[Lender’s Signature]
[Lender’s Name]

Printable




Payment Plan Agreement Template - Australia