Loan Agreement (Scotland)

Scottish lenders, document a loan transaction with a corporate borrower, and set out the terms of repayment of the loan amount with this ready-made Loan Agreement template.

• Interest on the loan shall be charged at a fixed rate, calculated on a daily basis and compounded quarterly.
• If the loan is repaid early in whole or in part, the borrower will pay a prepayment penalty.
• The loan becomes immediately due and payable upon any default by the borrower.
• The Borrower shall pay to the Bank the charges and fees and shall meet all costs, charges and expenses incurred .
• The borrower must supply the bank with its audited financial statements each year.

This Loan Agreement is governed by the laws of Scotland. The form is provided in MS Word format, and is fully editable to fit your specific circumstances.