Loan Agreement and Note | UK
Document a loan transaction in the United Kingdom with this Loan Agreement and Note template.
Interest and Penalty
The Agreement contains alternative interest clauses, for either a fixed interest rate or for an interest-free loan, depending on the terms you have agreed upon with the borrower.
The Note can be paid in whole or in part without interest or penalty, except that any partial payments must be for at least a specified minimum amount.
Default
The loan becomes immediately due and payable upon any default by the borrower. The lender has the right to demand full repayment at any time upon proper written notice.
Format and Legal Jurisdiction
The Loan Agreement and Note template is available in MS Word format. It is fully customisable and can be re-used as often as required.
This legal document is governed by English law and is intended to be used only in the United Kingdom.
UK Agreement to Compromise Debt
If a customer owes you money and you are willing to accept payment of a lesser sum in order to settle the debt, you can sign this Agreement to Compromise Debt with the customer.
- The creditor agrees to accept the lesser sum from the debtor as payment in full.
- The agreement is conditioned upon the provision that the sum must be paid within a specified time period.
- If the customer fails to do so, the creditor will have the right to sue the debtor for the full amount of the debt.
- The agreement is governed by English law and can be used throughout the United Kingdom.
If your business extends credit to customers, you should have a copy of the UK Agreement to Compromise Debt. Download yours now.
Promissory Note with Guarantee | UK
If you are loaning money to a person or company in the UK, secure repayment of the loan with this Promissory Note and Guarantee.
- The borrower agrees to repay the loan with interest calculated monthly on the unpaid balance.
- The borrower may prepay the balance at any time without penalty.
- The Note includes a guarantee of payment of the Note by a guarantor.
- Available in MS Word format.
- Intended to be used only in the United Kingdom.
Loan Agreement and Note | UK
Document a loan transaction in the United Kingdom with this Loan Agreement and Note template.
Interest and Penalty
The Agreement contains alternative interest clauses, for either a fixed interest rate or for an interest-free loan, depending on the terms you have agreed upon with the borrower.
The Note can be paid in whole or in part without interest or penalty, except that any partial payments must be for at least a specified minimum amount.
Default
The loan becomes immediately due and payable upon any default by the borrower. The lender has the right to demand full repayment at any time upon proper written notice.
Format and Legal Jurisdiction
The Loan Agreement and Note template is available in MS Word format. It is fully customisable and can be re-used as often as required.
This legal document is governed by English law and is intended to be used only in the United Kingdom.
