New York Loan Agreement
This Loan Agreement ("Agreement") is made and entered into on this ____ day of __________, 20__, by and between:
Borrower: ___________________________________
Address: ___________________________________
City: _______________ State: _____ Zip: _________
Lender: ___________________________________
Address: ___________________________________
City: _______________ State: _____ Zip: _________
This agreement shall be governed by the laws of the State of New York.
Loan Details
- Loan Amount: $_________________
- Interest Rate: ____ % per annum
- Loan Term: ______ months
- Payment Schedule: _____________________________
Terms and Conditions
- The Borrower agrees to repay the Loan Amount, plus interest, according to the Payment Schedule.
- The Lender has the right to charge a late fee for payments received after the due date.
- In case of default, the Lender may pursue legal action to recover the owed amount.
- Any amendments to this Agreement must be in writing and signed by both parties.
This Agreement constitutes the entire understanding between the parties concerning the subject matter hereof and supersedes all prior discussions or agreements.
IN WITNESS WHEREOF, the parties hereto have executed this Loan Agreement as of the day and year first above written.
Borrower's Signature: _______________________ Date: ____________
Lender's Signature: ________________________ Date: ____________