Article Map
Preview - Georgia Loan Agreement Form
Georgia Loan Agreement
This Loan Agreement ("Agreement") is made and entered into by and between:
Borrower: __________________________
Address: ___________________________
City, State, Zip: ___________________
and
Lender: ____________________________
Address: ___________________________
City, State, Zip: ___________________
This Agreement is governed by the laws of the State of Georgia.
1. Loan Amount: The Lender agrees to loan the Borrower the amount of $_____________.
2. Interest Rate: The annual interest rate shall be ____%.
3. Term: The duration of the loan will be _____ months, starting from the date of agreement.
4. Payment Schedule: Payments will be made as follows:
- Amount of each payment: $______________.
- Payment due date: _______________ each month.
- Final payment date: _______________.
5. Prepayment: The Borrower may prepay the loan without penalty.
6. Default: If the Borrower fails to make a payment within _____ days of the due date, the Lender has the right to declare the full principal and interest due immediately.
7. Governing Law: This Agreement shall be construed in accordance with the laws of the State of Georgia.
This Agreement is binding upon both parties and their respective successors and assigns. Both parties acknowledge they have read and understood the terms herein.
Borrower's Signature: ____________________________
Date: ________________
Lender's Signature: ____________________________
Date: ________________
Create Other Common Loan Agreement Forms for Different States
Illinois Promissory Note - A Loan Agreement can help establish a professional relationship.
Promissory Note Template New York - Signatures from both parties validate the agreement.
In addition to the Wisconsin RV Bill of Sale form, it is important for buyers and sellers to understand the significance of having a proper record of the transaction, which is where the Motor Vehicle Bill of Sale comes into play, ensuring all necessary details are documented for a smooth ownership transfer.
Promissory Note Template Texas - The lender usually reviews the borrower’s credit history before finalizing the agreement.
Sample Promissory Note California - May include a section for amendments or modifications to the agreement.
Similar forms
- Promissory Note: This document outlines a borrower's promise to repay a specified amount of money to the lender. Like a Loan Agreement, it includes terms regarding the repayment schedule, interest rates, and consequences of default.
- Mortgage Agreement: A Mortgage Agreement secures a loan with real property as collateral. It shares similarities with a Loan Agreement in detailing the loan amount, repayment terms, and rights of both parties in case of default.
- Security Agreement: This document is used when a borrower pledges personal property as collateral. Similar to a Loan Agreement, it specifies the obligations of the borrower and the lender’s rights in the event of default.
Residential Lease Agreement: This vital document delineates the rental terms between a landlord and tenant, ensuring mutual understanding and protection of rights as outlined in the pdftemplates.info/ohio-residential-lease-agreement-form.
- Lease Agreement: A Lease Agreement outlines the terms under which one party rents property from another. Like a Loan Agreement, it establishes payment terms, duration, and responsibilities of both parties.
- Credit Agreement: This document governs the terms of a credit facility between a lender and borrower. It is similar to a Loan Agreement in that it includes interest rates, repayment terms, and conditions for drawing on the credit.
- Partnership Agreement: This document outlines the terms of a partnership, including financial contributions and profit-sharing. It shares the Loan Agreement’s focus on financial obligations and expectations among parties.
- Sales Agreement: A Sales Agreement details the sale of goods or services and includes payment terms. Like a Loan Agreement, it specifies the obligations of the buyer and seller, including timing and amounts.
- Personal Guarantee: This document involves an individual agreeing to repay a loan if the primary borrower defaults. It is similar to a Loan Agreement in that it outlines the financial obligations and potential liabilities of the guarantor.