The Bank Of Mum And Dad Loan Agreement Template – Australia is offered in multiple formats, including PDF, Word, and Google Docs. These formats are designed to be both customizable and ready for print, ensuring they cater to your specific requirements effortlessly.
Bank Of Mum And Dad Loan Agreement Template – Australia Editable | PrintableSample
1. Parties Involved 2. Loan Amount 3. Purpose of the Loan 4. Interest Rate 5. Repayment Terms 6. Loan Duration 7. Early Repayment Conditions 8. Default Conditions 9. Governing Law 10. Signatures and Acceptance
PDF
WORD
Examples
[Date]
[Lender’s Name]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Borrower’s Name]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
This Loan Agreement (“Agreement”) sets forth the terms under which the Lender agrees to lend a sum of money to the Borrower, effective as of [Start Date].
The Lender agrees to lend the Borrower the amount of [Loan Amount] AUD.
The Borrower agrees to use the Loan solely for the purpose of [specific purpose, e.g., purchasing a home, funding education, etc.].
The Loan will accrue interest at a rate of [interest rate]% per annum, calculated monthly.
The Borrower shall repay the Loan in monthly installments of [amount] AUD, commencing on [first payment date] until the Loan and interest are fully paid.
The Borrower may prepay the Loan in whole or in part without incurring any penalty.
In the event of default, the Lender may demand immediate payment of the entire outstanding balance, including interest.
This Agreement shall be governed by the laws of Australia.
[Lender’s Signature]
[Lender’s Name]
[Borrower’s Signature]
[Borrower’s Name]
[Date]
[Lender’s Name]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Borrower’s Name]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
This Agreement outlines the terms and conditions under which the Lender provides a loan to the Borrower, commencing on [Start Date].
The total amount loaned by the Lender to the Borrower is [Loan Amount] AUD.
The Borrower agrees to use the loaned funds for [specific purpose, e.g., home renovation, educational expenses, etc.].
Interest on the outstanding balance will accrue at [interest rate]% per annum, payable monthly.
Repayment will be made in [number] equal monthly installments of [amount] AUD, starting from [first payment date].
The Borrower may repay the Loan in full or in part at any time without incurring a penalty.
If the Borrower fails to make any payment when due, the Lender may charge a late fee of [late fee amount] AUD.
This Agreement is subject to the laws of Australia.
[Lender’s Signature]
[Lender’s Name]
[Borrower’s Signature]
[Borrower’s Name]
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