Loan Agreement

Loan Agreement

Are you lending or borrowing money?

Lending

Borrowing

Location

In which state does the lender live?

State:

Loan Amount

How much are you borrowing?

Loan Amount:

Interest

YES

What is the interest rate?

% compounded

(*)Note:

Australia Interest RatesIn Australia, lenders cannot charge more than 48% interest per year for loans over $2,000.00.<br>

For loans less than or equal to $2,000.00, lenders may charge an establishment fee of up to 20% of the loan amount, and a monthly fee of up to 4% of the loan amount.

How often is interest compounded?

Monthly

Every six months

Yearly

Loan Date

When will you borrow the money?

Loan Date:

Early Repayment

YES

Late Payments

YES

What is the penalty?

Late fee

Interest rate increase

How much is the late fee?

What is the grace period before the penalty is charged?

The interest rate will increase to_____？compounded yearly.

Note:

In Australia, lenders cannot charge more than 48% interest per year for loans over $2,000.00.

For loans less than or equal to $2,000.00, lenders may charge an establishment fee of up to 20% of the loan amount, and a monthly fee of up to 4% of the loan amount.

Collateral

Will the borrower back the loan with an asset or personal property?

Yes

What is being used to secure the loan?

Sale of Collateral

Yes

Will the lender keep the title of ownership until the loan is repaid in full?

Yes, keep until paid

No, transfer at signing

Would you like to include additional information?

Additional Information

Yes

Additional Clause

Additional Clause

Signing Details

Yes

Who do you want to sign in front of?

One witness

Notary public

Where will the lender sign this agreement?

Where will you sign?

Where will the co-signer sign?

Payment Item

Online – telephone support

In person – and witnessing

Pay with Card (Stripe)

No payment items has been selected yet

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Location

Loan Amount

Loan Date

Repayment

First Lender Details

Second Lender Details

Third Lender Details

First Borrower Details

Second Borrower Details

Third Borrower Details

First Co-signer Details

Second Co-signer Details

Third Co-signer Details

Collateral

Would you like to include additional information?

What To Expect?

What You'll Need?

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