Loan Agreement
Template for documenting a loan, including principal, repayment schedule, interest, security, and default terms.
This Loan Agreement (the "Agreement") is entered into on Date (the "Effective Date").
1. Parties
Lender
- Full legal name: Company name
- Registered address: Address
- CVR/ID No. / CPR No.: CVR
Borrower
- Full legal name: Company name
- Registered address: Address
- CVR/ID No. / CPR No.: CVR
The Lender and the Borrower are each a "Party" and together the "Parties".
2. Loan Amount
2.1 Principal
The Lender agrees to lend the Borrower the principal amount of Number Currency (the "Loan Amount").
2.2 Disbursement
The Loan Amount shall be transferred to the Borrower on or before Date to the account designated by the Borrower.
3. Purpose of the Loan (Optional)
The Loan shall be used for Purpose. The Borrower shall not use the Loan for unlawful purposes.
4. Interest
4.1 Interest Rate
The Loan shall bear interest at:
- Number% per annum, or
- Number%, or
- Interest-free (if applicable)
4.2 Accrual
Interest shall accrue from the date of disbursement until full repayment.
4.3 Payment of Interest
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