Loan Agreement
Template for documenting a loan, including principal, repayment schedule, interest, security, and default terms.
This Loan Agreement (the "Agreement") is entered into on [Date] (the "Effective Date").
1. Parties
Lender
- Full legal name: [Company name]
- Registered address: [Address]
- CVR/ID No. / CPR No.: [CVR]
Borrower
- Full legal name: [Company name]
- Registered address: [Address]
- CVR/ID No. / CPR No.: [CVR]
The Lender and the Borrower are each a "Party" and together the "Parties".
2. Loan Amount
2.1 Principal
The Lender agrees to lend the Borrower the principal amount of [Number] [Currency] (the "Loan Amount").
2.2 Disbursement
The Loan Amount shall be transferred to the Borrower on or before [Date] to the account designated by the Borrower.
3. Purpose of the Loan (Optional)
The Loan shall be used for [Purpose]. The Borrower shall not use the Loan for unlawful purposes.
4. Interest
4.1 Interest Rate
The Loan shall bear interest at:
- [Number]% per annum, or
- [Number]%, or
- Interest-free (if applicable)
4.2 Accrual
Interest shall accrue from the date of disbursement until full repayment.
4.3 Payment of Interest
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