Loan Contract

Lender:    _____________________________________________________________

Borrower:  _____________________________________________________________

Agreement Date: ________________________________________________________

Loan Amount: ___________________________________________________________

Amount Due: ____________________________________________________________

Due Date:   ____________________________________________________________

Finance Charge: ________________________________________________________

Annual Percentage Rate: ________________________________________________

Prepayment: Borrower can repay the loan early. 

Security: Borrower does not give a security interest or mortgage.

Default: If Borrower does not pay by the due date, Borrower shall be in default.

Late Charge: Paying after the due date shall be subject to a late charge of 5% of the Loan Amount.

Right of Offset: Because there is no security, there is no right of offset.

Collection Fees: There are no collection fees.

ACCEPTANCES

Borrower:
__________________________________________________________

Date: _________________________

Lender:
__________________________________________________________

Date: _________________________