How to write a loan interest contract? For those who don’t know, let’s take a look at the editor’s sharing today!
The writing format of the loan interest contract:
1. The basics between the creditor (Party A) and the debtor (Party B) Information, including name, ID number, address, contact number, etc.
2. Loan amount and purpose.
3. Borrowing interest.
4. The time and term of the loan.
5. Time limit for performance of terms.
6. Responsibility for breach of terms.
7. Sign and date signed by representatives of both parties or multiple parties.
This is a template of a loan interest contract. I hope it will be helpful to you. You can also click here to download the document directly
Loan Interest Contract
Lender (Party A)_______________
Borrower (Party B)_______________
< p>Party A and Party B have reached the following agreement on the basis of equality, free will and friendly consultation:_______________1. Party B borrows a loan of RMB_______________ yuan from Party A.
2. The loan period is _______________ years, starting from ___________ month __________ day of _______________ year to _______________ month ______ day _______________ year.
3. When the loan period expires, Party B promises to return the loan, otherwise it is willing to bear all legal liabilities.
4. Party A will deliver the loan to Party B within two days after signing this agreement.
5. If Party A fails to deliver the money to Party B on time or Party B fails to repay the money on time, the defaulting party shall pay liquidated damages of _______________ yuan to the non-defaulting party.
6. This agreement is made in duplicate and shall take effect on the day when Party A and Party B sign and stamp it with their official seal (the official seal of the company). Party A and Party B each hold one copy as evidence.
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