Money Loan Agreement Sample Letter

Date: [Insert Date]

Lender’s Information: Name: [Lender’s Full Name]
Address: [Lender’s Address]
City, State, ZIP Code: [City, State, ZIP Code]
Phone Number: [Lender’s Phone Number]
Email Address: [Lender’s Email Address]

Borrower’s Information: Name: [Borrower’s Full Name]
Address: [Borrower’s Address]
City, State, ZIP Code: [City, State, ZIP Code]
Phone Number: [Borrower’s Phone Number]
Email Address: [Borrower’s Email Address]

Loan Agreement

1. Loan Amount
The Lender agrees to loan the Borrower the amount of $[Loan Amount]. The funds will be disbursed to the Borrower’s account on [Date of Disbursement].

2. Interest Rate
The loan will accrue interest at an annual rate of [Interest Rate]% from the date of disbursement. Interest will be calculated on a [daily/monthly/yearly] basis.

3. Repayment Terms
The Borrower agrees to repay the loan in [Number of Installments] installments of $[Installment Amount] each. Payments are due on the [Due Date] of each [Month/Week/Other].

4. Late Payment Penalties
If the Borrower fails to make a payment within [Number of Days] days of the due date, a late fee of $[Late Fee Amount] will be applied. Interest on the overdue amount will accrue at a rate of [Late Interest Rate]% per [day/month].

5. Prepayment
The Borrower may prepay the loan in full or in part at any time without penalty. Prepayments will be applied first to any accrued interest and then to the principal balance.

6. Default
In the event of default, the Lender has the right to demand immediate repayment of the outstanding principal, accrued interest, and any applicable penalties. Default is defined as failure to make a scheduled payment within [Number of Days] days of the due date.

7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflict of law principles.

8. Amendments
Any amendments or modifications to this Agreement must be made in writing and signed by both the Lender and the Borrower.

9. Signatures
By signing below, both parties agree to the terms and conditions outlined in this Agreement.

Lender’s Signature: ___________________________
Date: ___________________________

Borrower’s Signature: ___________________________
Date: ___________________________

Witness (if applicable)
Name: [Witness’s Full Name]
Signature: ___________________________
Date: ___________________________

Notary Public (if applicable)
Notary Public: ___________________________
Commission Number: ___________________________
My Commission Expires: ___________________________
Date: ___________________________

Attachments: [List any attachments, if applicable]

Note: This sample letter is for informational purposes only and does not constitute legal advice. For legal advice regarding your specific situation, please consult a qualified attorney.