# LOAN AGREEMENT
**This Loan Agreement ("Agreement") is made and entered into as of the [Date] ("Effective Date")** by and between:
**Lender:**
Name: [Lender's Full Name]
Address: [Lender's Address]
Email: [Lender's Email]
Phone: [Lender's Phone Number]
**Borrower:**
Name: [Borrower's Full Name]
Address: [Borrower's Address]
Email: [Borrower's Email]
Phone: [Borrower's Phone Number]
**1. LOAN AMOUNT**
The Lender agrees to lend the Borrower the principal sum of [Loan Amount in Words] ([Loan Amount in Numbers]).
**2. LOAN TERM**
The term of this loan shall be [Loan Term in Months/Years], commencing on the Effective Date and ending on [Maturity Date].
**3. INTEREST RATE**
The loan shall bear an interest rate of [Interest Rate]% per annum, calculated on the outstanding principal balance.
**4. PAYMENT TERMS**
a. The Borrower shall make payments of principal and interest in [Monthly/Quarterly/Other] installments of [Payment Amount], beginning on [First Payment Date].
b. The final payment of all outstanding principal and accrued interest shall be due on the Maturity Date.
**5. PREPAYMENT**
The Borrower may prepay the loan in whole or in part at any time without penalty.
**6. DEFAULT**
In the event of default, defined as the failure to make any payment when due or the insolvency of the Borrower, the Lender shall have the right to demand immediate payment of the entire unpaid balance of the loan.
**7. GOVERNING LAW**
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
**8. AMENDMENTS**
This Agreement may be modified only by a written agreement signed by both parties.
**9. SEVERABILITY**
If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
**10. ENTIRE AGREEMENT**
This Agreement constitutes the entire understanding between the parties with respect to the subject matter hereof and supersedes all prior negotiations and agreements.
**IN WITNESS WHEREOF**, the parties hereto have executed this Loan Agreement as of the Effective Date.
_______________________________
**Lender's Signature**
Lender's Printed Name: [Lender's Printed Name]
Date: [Date]
_______________________________
**Borrower's Signature**
Borrower's Printed Name: [Borrower's Printed Name]
Date: [Date]
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### Note:
This document is a sample loan agreement designed for general informational purposes only. It is recommended to seek legal advice to ensure compliance with local laws and regulations before executing any legal agreements.